Quote from: colenax on April 13, 2019, 12:51:44 PM

Quote from: Deylandra on April 13, 2019, 03:35:34 AM

I've noticed many ICOs have to spend a lot of money on promotions and advertising.

For example, let's say an ICO raises 10 million dollars but has to spend 9 million on promotion.

Therefore, they only really raised 1 million for the project.

Isn't this unethical?

If you're starting a company and looking for investors the traditional way via stock equity, you would never spend 9 million or even 5 million or even 2 million in order to raise 10 million from investors.

This begs the question, what ratio of promotion cost versus funds raised for ICOs is ethical?

And how do we know if an ICO is using an ethical ratio?

well, where did you get information like that?
I think there is management to overcome the budget for advertising and how much sales to get. so I think what you say is not true at all

So many fake advertise sites can make another example of misconception and this is not rocket science to control it. I think having a strong plan can change the rules of a game and reliable projects will gladly take advantage of it.