by Matt Palumbo
ICO’s raised over $4 billion last year, and while that’s miniscule in comparison to the near $190 billion raised in equity markets through IPOs last year, that doesn’t mean there isn’t cause for concern.
The money raised through IPO’s went toward companies that at least had a product to sell. Even if they fail in the long run, they have something people were actually “investing” in the prospect of. In the financial wild west of the ICO market, the same can hardly be said. In fact, roughly 90 percent of recent ICO’s have been for so-called companies without even a working product.
The signs should’ve been clear for investors in those projects, but greed is a blinding drug. Every “scam-coin” follows the same “business model;” offering massive discounts to early investors, promising “guaranteed returns,” offering a “blockchain-based” solution to a non-existent problem, and above all, taking actions to maximize short-term coin value — and only short-term value.
With that in mind, I was pleased to discover…
The full article can be viewed at:
http://coinfinancer.com/deedcoin-completes-first-real-estate-transaction-before-ico-ends/