Going mad after some ICO and try to get piece of cake as early as possible has become trend from past few months. As of this date around $500M have been raised through Initial Coin offering and more and more being invested every minutes. Companies which doesn’t have any working product are raising millions through mere white paper which is some time not even more than 2 Pages. Trying to get token on first few minutes of some hyped ICO without knowing project has become fashion in crypto community.
Bancor Network Token (BNT) which raised around $150 M in matter of minutes was issued at around 3.8 USD and made low of 2.2 USD when got listed on exchange. Many people who tried to get the token on first minutes had very bad experience as their transaction got stuck in chain and ultimately could not get any tokens. Adding to the pain investors who used My Ether wallet had faced dual trouble as My Ether wallet was unable to generate transaction, same was the case with Status and Tenx ICO.
Many upcoming ICOs which are hyped might meet the same fate in near future. It is sometime wise to wait for coin to get listed on exchange and then purchase it with convenience rather than wasting time and energy during ICO period.