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3232How Legitimate Blockchain Companies Can Repair ICOs’ Negative Image
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Sat, 24 Mar 2018 00:00:01 +0000https://www.digit.info/2018/03/24/how-legitimate-blockchain-companies-can-repair-icos-negative-image/Read more]]>With Vitalik Buterin declaring that 90 percent of all ICOs will fail, investors are feeling far from confident. In an unregulated landscape peppered with scam artists, hackers, and evil deeds, it’s no wonder the ICO fundraising mechanism has gotten a bad rap. EY research shows that over 10 percent of all ICO funds have been stolen so far. So, what happens to the legitimate blockchain companies being tarred with the same brush? Almost half of all ICOs launched last year have already fallen flat on their faces. That’s not necessarily because they were run by scammers who ran off with investor funds.
With Vitalik Buterin declaring that 90 percent of all ICOs will fail, investors are feeling far from confident. In an unregulated landscape peppered with scam artists, hackers, and evil deeds, it’s no wonder the ICO fundraising mechanism has gotten a bad rap. EY research shows that over 10 percent of all ICO funds have been stolen so far. So, what happens to the legitimate blockchain companies being tarred with the same brush? Almost half of all ICOs launched last year have already fallen flat on their faces. That’s not necessarily because they were run by scammers who ran off with investor funds.