Initial coin offerings, or ICOs, are a recent craze in the cryptocurrency world. Despite being just a couple of years old, ICOs have managed to attract a lot of attention.
It seems that in the past few months everyone has an opinion about them, both good and bad. Some praise them for enabling startups to receive funds quickly, but others regard ICOs as unregulated and fraudulent. However, one thing is for sure; they have revolutionised how projects receive funding.
While no one can argue that ICOs are flawless, a case can be made that they offer more pros than cons. It is clear that ICOs have little, if any, regulatory oversight, and their track record is riddled with thefts, frauds, and failures.
However, without them, we wouldn’t have Ethereum, the second biggest cryptocurrency, as well as numerous other new-technology startups. Judging ICOs based on the failed projects and without acknowledging their advantages creates a false image. After all, even some traditionally funded projects have turned out to be frauds.
Therefore, to avoid any future confusion, BTXchange.io have created this ICO round-up infographic. You can find information about the good and the bad side of this revolutionary way to get funded.