Post
Topic
Board Altcoin Discussion
Re: Do you think ICO is a good way to raise money?
by
ObroQ
on 26/02/2019, 10:19:48 UTC
Hello , What do you think about ICO as a way of raising money in the next years? .Specially after all the scam projects we have seen before,like last time  the team of a project called elementh(https://icobench.com/ico/elementh) claimed that they have to quit the project since they did not have enough resources eventhough they raised about 8M USD , and after ICO no single step forward the development of product has been achieved.
They wanna return the money to investors as btc and eth after all this bull market (btc was about 10K usd ).


ICO's were a good way of raising money 1-2 years back. Now with the new flux of scammers there is not that many people that invest in ico's anymore. Even a good and legit project is going to have difficulties in rasing money because of the scam projects.