It especially irks me to see actually interesting and innovative projects like Iota's tangle fall victim to this IPO mess.
I fail to see why IPO is not a honest way to get initial funding? If you have a good white paper and all you need is money to implement it, IPO is probably the most honest way: win-win situation for both company making it and for early investors, if developers do the ob well. I don't see it being scammy by default.
Yeah yeah NXT and NXT2 (iota) insta ICO's are well distributed non scams. Okay!
Both have terrible intial distribution and already a lot of the whales are dumping out on noobs for 30x ICO price.
People this time are on to it though. Nobody is going to fall for nxt2 from the same people who scammed everyone into paying millions for their 21 btc nxt1 tokens.