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Most ICOs don't sell security tokens. They sell utility tokens. But many ICOs have happened that sold security tokens, they just tend to be more discreet these
by gomox 8y ago
Most ICOs don't sell security tokens. They sell utility tokens. But many ICOs have happened that sold security tokens, they just tend to be more discreet these days because of the limits on public security offerings. The security token space is also very immature still.
On the other end of the discreetness spectrum, The DAO was a security ICO and it was the largest crowdsourced project in history at the time.
- s73v3r_ 8y agoThey also tended to be the, "We have all the money, now let's bail" kind of tokens.
- gomox 8y agoReally? Can you point to a single security token issuance that was an exit scam?
- s73v3r_ 8y agoAre you honestly trying to say that there have not been ICO scams? That this has not happened? https://techcrunch.com/2018/04/13/exit-scammers-run-off-with-660-million-in-ico-earnings/ https://techcrunch.com/2018/04/13/exit-scammers-run-off-with... https://techcrunch.com/2018/04/18/another-day-another-50-million-ico-exit-scam/ https://techcrunch.com/2018/04/18/another-day-another-50-mil... https://cointelegraph.com/news/unpacking-the-5-biggest-cryptocurrency-scams https://cointelegraph.com/news/unpacking-the-5-biggest-crypt... Do you need more?
- gomox 8y agoI am not familiar with any exit scam that was done based on issuing crypto-powered company shares, which is the topic of discussion. None of the ones you mentioned seem to fall into that category. Most are MLM type stuff. Where you got the idea that I'm denying the existence of ICO scams, I'll never know.