«Thats whats happening to todays ICOs. They are raising an eye-watering amount of funds (over 1 billion in 2018 alone), but once the funds are in their wallet, its incredibly hard to use them in a practical way.
Here are the two critical issues: liquidity and volatility. The former breaks down like this, I raise $1 million in ETH but I cant use it to pay my rent. The latter, I raise $1 million in ETH but its value could drop drastically in the same afternoon. Now Im asking myself
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Read full post: https://medium.com/@globcoin_io/what-can-icos-learn-from-the-electrification-of-cars-326ee5a63139ICOs raise money in order to put them to use in development of their project. They do not raise money to speculate on the value of other cryptocurrencies. So the best option for an ICO would be to sell the coins raised for fiat, or at least to hedge partially. Even in the case of the Ethereum ICO, the bitcoins which were raised were converted to fiat. (it actually caused a drop in the value of Bitcoin at that time).