Since we have an exploding amount of ICO started from mid this year and most of these projects says they will have at least a prototype around end 2018 to 2019. Many of hear ICO projects will delay the release date, but nevertheless many of them should have something by the mid to end 2019.
What will happen to these ICOs that cannot deliver the promise? They will become zombie coin, as we have see the confido cases as I suspect there will be much more project fail down the track. And only a few hat will be among the top 25 coins with working project.
Do you guys think we the investors will be less interested in ICO in the following years as we gradually learn that we might not get our money back if we are stuck with these coins? And the number of the good coins will increases and people have more choices to diversify rather than just put the money in BTC and ETH?
Unlike what most people think ICO tokens are not altcoins, they are simply currencies made based on the ethereum network that developers and project owners use to promote thier projects and to get a kickstarter on the projects, by selling these they get enough money just selling their ideas while others use them as if they were ethereum, this idea has ahd a masive success over the past few months and definetly had an impact not only on the ethereum but also on the other cryptocurrencies.