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> In short, Munchee was undone by two things: depending on the token sale as a vehicle to raise cash for operations and using the typically spammy and scammy ma
by thisisit 9y ago
> In short, Munchee was undone by two things: depending on the token sale as a vehicle to raise cash for operations and using the typically spammy and scammy marketing efforts most ICO floggers use now, tactics taken directly from affiliate marketing handbooks.
It seems that most ICO do both the things. If not a self-inflicting post about the token growth but at least the raising cash for operations part.
- pm90 9y ago> It seems that most ICO do both the things. That doesn't make it OK. I think what's happening here is that ICO's are raising large enough funding to finally warrant involvement by the SEC.