The German journalist Karim Dabbouz (Karim Dabbouz) analyzes why the ICO is becoming increasingly unfair and how the founders can fix it.
If you were born and raised in Germany, you are automatically among the most privileged people in the world. For example, you can travel without a visa to 162 countries, each of which will be happy with you and your money. In financial transactions, a German passport is very useful, and the average income of a German allows you to have more free money than most people pay monthly for housing. When I bought my first ICO, I reasoned like this: "Even if it does not work, $ 50 is not a pity". In 2017, it was still possible to invest $ 50 in ICO and obtain a four-figure sum on this.
A year ago, there were valuable projects in the market, where it was possible to invest $ 50. But the situation has changed. Most token sales campaigns have a minimum purchase limit, as well as legal and organizational restrictions, making it increasingly difficult to participate in the primary sale of tokens. It has become so difficult that even now, I, a German citizen with all the privileges I trust, have difficulty participating in the ICO.
84% of all tokens are distributed in closed and preliminary sales
Two things increase the injustice in the world of cryptography:
rules that prohibit citizens of certain countries from participating in public sales;
and ICO badly thought.
And if in the first of them the cryptocurrency community can not directly influence, then in the second obviously there is a lot of room for improvement. However, it seems that with the increasing popularity and complexity as the ICO, its creators are less in need of your investment, since they are the "wrong" nationality, you have fast enough to the Internet, there is not enough money, or just not make the luck to arrive on time. In the first two months of 2018, a total of $ 2 billion was raised through the ICO. At the same time, up to 84% of the tokens were distributed in closed and preliminary sales and only 16% was offered to the general public. Some companies that announced the development of a decentralized system for any particular purpose, and did not make open sales. This goes against the philosophy of Satoshi, that is, with the idea that everyone should have the same access to cryptocurrencies. If a company (or organization) decides to sell chips of the mining of the shortlisted investors that resell them 5 times more expensive than in the first week of operations, with cryptocurrency something seriously bad.