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Lots of crypto companies have successfully raised money with ICOs. Seems pretty similar in this respect...
by cwkoss 5y ago
Lots of crypto companies have successfully raised money with ICOs.
Seems pretty similar in this respect...
- NationalPark 5y agoWhat are some of the businesses that raised money with ICOs and became successful? Are there any that aren't themselves cypto-financial-services products?
- cwkoss 5y agoI'd say the majority of new coins/tokens are launched with something like an ICO over the past 5 years. Most/all of them are crypto-financial. I generally think non-crypto businesses using ICOs are extra scammy, because redemption of services is usually a squishy meatspace process - fungibility is rare. I am not a fan of 'blockchain' companies that fundraise with ICOs for IRL redemption of products or services - really gambling on the integrity of company leadership to not alter the terms before redemption. (Personally I think 'access rights' is the only subset that is feasible for crypto<>IRL commerce - digital content DRM, event tickets, stuff like that) Which ones are successful is certainly the subject of debate (I'd probably say "we don't know yet"), but I think over half of the top 40 coins on https://coinmarketcap.com/ https://coinmarketcap.com/ were created via ICO.