What do you guys think? Will STO's be able to compete in the crypto market and actually succeed? I'm glad to see ICO's die out. They were consuming too much market cap +90% of the projects were garbage. I made a list of 100 ICO's I seen promoted back in April and only a select few of them are doing well. Nauticus launched (
https://nauticus.exchange/) which is great news for the exchange community, but unfortunately today Cryptopia suffered a hack. We seem to take one step forward, followed by one step back...What do you guys think?
That depends on how good the project is. If the project listing as a STO is "quality", then I think it will prove to be an effective venture.
I agree with this, but there were a few ICO's that made it big. Binance used to be a tiny exchange with nearly no volume and look at them now. Nauticus was just in there ICO phase and they raised over 19 million dollars. Both of these feats were impressive considering how hard it is to make it in crypto.
$19M is huge enough, there were projects this year that never got a 5 million but continue to develop their project. If funds are used wisely to develop the project, the exchange will be used by people.
I think that even STO will not be as promising as it might seem to us, because everywhere there are disadvantages!
It will still depend on the project, SEC would decide for which is worth pursuing and which is not. If investors are going to be protected by this SEC, we can be assure projects are going to get funds.