3 ms·

I difinitely hope it's going in this direction, but this space needs to mature a little bit, and perception needs to change. Currently ICOs are viewed as scams

I difinitely hope it's going in this direction, but this space needs to mature a little bit, and perception needs to change. Currently ICOs are viewed as scams and some of them are still insanely overvalued.

startupfounder 8y ago
The way to overcome this is to write milestones into the smart contract that unlock additional funding after the milestone is hit in a given time period. The issue with today's ICO is that the market demand is so high it would be silly for groups to leave money on the table. Just like bands leave money on the table because the value of their tickets > the price they sell them at. Many people on the buy side who get in early to ICOs are essentially scalpers whereas the people who run the project usually have no business raising the funds they do in their first round. Milestone funding would solve both of these issues.