What is an ICO: Not long ago, Bitcoin went through the birth process and promised a potential future, albeit interpreted and understood as an absurd step towards a digital currency. In the years since Bitcoin matured, the cryptocurrency ecosystem has exploded. Against the backdrop of the accelerating rate of new coins being born, a type of transaction has emerged known as an “initial coin offering” or ICO. An ICO is a vehicle for seeking financial support, and it involves the long-term trading of cryptocurrencies in exchange for the quick value of the current cryptocurrency. According to the Financial Times, ICOs are not regulated by laws governing the supply and distribution of cryptocurrencies, where investors can subvert money.
The Economist, on the other hand, describes an ICO as a digital token issued on an indelible log and distributed on a blockchain.
Finally, we can say that ICOs are the new hand-held catapult to make way for nascent cryptocurrencies.
Laws: Smith + Crown explained that most ICOs are peddling software tokens that are tied to the time before they are available for purchase. To circumvent the legal necessity, the language in common now is “crowdfunding” or “donation” rather than ICO.
Is ICO likely to slow down: In this regard, Crypto Hustle wrote in a recent article that the ICO hysteria was due to those who were the first to adopt Ethereum and are now interested in a comeback. Therefore, it cannot be assumed that the pursuit of pleasure phase will last long, but when the rectification arrives, we will see which cryptocurrencies remain the same.
If ICOs are a safe buy: If you’re a risk taker rather than a risk shifter, not paying attention to the end of capitalism, or the subject might get you in trouble, without capital, then go for it, this is your call .
Now that we’ve gathered information about ICOs, let’s get to the final question.
What is the future of ICOs: According to a 2017 survey report, “Despite raising around $104 million, around 46% of ICOs do not reach the fruitful stage.”
reason:
- Investing in cryptocurrencies has increased risks.
- Strict rules.
- tough game.
- Diminishing returns.
- Volatility of cryptocurrencies.
China has banned ICOs, while Russia has a completely different set of rules and regulations for ICOs and promises that investors can sell their tokens back. It’s hard to promote ICOs on Google and Facebook, and Twitter deliberately bans scamming crypto accounts. Superiors think blockchain has a future but ICO? Its future is rotting in its own skin to cross that extra bridge to prove their credibility.
So yes. The death of the ICO is really looming in the air, and before we know it, it may blend in and disappear like it never existed in the economy. But there are still some coins that could turn into the next bitcoin, so you have to look for the best ICO.