ICO is a modern model of earnings. On the one hand, for entrepreneurs it is a way of attracting investments in the form of crowdsfunding model, that is, participants finance the development of a business project. On the other hand, for investors this is a way to get high dividends. Let's try to figure out who else is earning an ICO. Who benefits from the development of this industry.

🔹Developers:
Teams that conduct ICO, raise funds for the development and promotion of their project. But, firstly, these items of expenses include the salaries of employees, which they set at their own discretion.
Secondly, nothing prevents the project team from spending money on buying apartments, cars and luxury goods, and the project itself will be financed from what remains. After all, there is no control on the part of investors and it can always be said that we did not succeed or we did not have enough money.
🔹Criptocurcy:
The majority of crypto-exchange exchanges support the trade in ICO-tokens. But adding new coins to the site costs money. Each exchange sets its prices, according to insider information, token listing can cost from $ 100 thousand to $ 1 million, sometimes even more. It all depends on how much money was collected on the ICO and how well known the crypto-exchange.
Part of the payment for listing the exchange is taken in the project's tokens, and when, after the bidding starts, their value makes a sharp jump up, the exchange earns on sale at an overpriced price. By the way, ICO-projects also do not disdain such earnings, because almost all keep themselves a part of the tokens.