One of my friend, who is a good coder too, just sold his car, when I asked regarding that why he sold the car ? I was thinking maybe he want to invest money in bitcoin, but he said that he is not interested in such things, he need money this time, people who invest money in bitcoins or ICOs always get losses, because building a simple project takes many time and a complex project needs research and a lot of money. He said that he is a good coder and thats why he developed a dapp for someone, he spent around 3000 hours, but after completing her project, her client replied after the ICO that she could not raise funds, and the ICO failed. The money she spent on the project has lost. So why you don't support people when you see a ready project or dapp ?
Quoted:If you are not getting my point then here is a further explanation that how IEOs and STOs are destroying the nature of smart contract platforms and who can launch an IEO ?
For launching an IEO you are required to have at-least 1 million dollars or 100 btc
While launching an ICO required only team members and a few hundred dollars
IEOs are launching by already funded people (just like Justin Sun who first created TRON and after launching it, he launched first ever IEO on binance for Bittorent tokens)
While ICOs are launching by individuals or new people(new businesses) who want to enter in blockchain world, hence IEOs are blocking little businesses or new businesses to be entered in blockchain world becuase IEOs are required big investment and only those people can afford it who already have been funded (just ask it from yourself that can you take a million dollar risk for launching an IEO? as you required this money to give it to exchanges for token listing, reviews, ideas, ieo steps just like pre IEO, post IEO etc) no because you can only take a risk for no more than hundred dollars so in case if ICO succeed and enough funds are raised then you can put your business in blockchain by realizing that it has potential and your business can run on blockchain platform successfully as you don't need to be dependent on your local or old customers, you will find new customers.
Since when there is no need for IEOs to run a campaign then very little people could be aware regarding your project, so your token could be just a part of the exchange but while in real life it will destroy your business because many less people will be aware regarding your business and you will loose majority of people to come to your platform and the final result will be that you will just shutdown your business or the token will not grow much, instead it will be dead because you will not find customers and hence no money will be entered to the project (when no buyer will make a purchase of your tokens then there is no chance for new investment to be made, so your token will just become just a pump and dump coin after a few years because of two foctors, 1= new investment is not coming to the project because there are no buyers and 2nd=lack of advertisement or a bounty campaign in the start of your IEO which could attract your buyers later)
Now lets talk about the purpose of smart contract platforms:
These platforms are created in a decentralized manner where there is no need for a third party while exchanges are third party, when there is no need for a third party which mean that IEOs are destroying the nature of smart contract platforms, do you think when there will be a third party involved then these project can attract people or can get potential buyers ? No, then who will buy Ethereum, Neo or other tokens ? & how value may come to those projects when there is no demand for that currency ? then how you can say that Bitcoin and Ethereum both works in a decentralized manner ? will the aspects of decentralization survive ? which will just kill Bitcoin and these cryptocurrencies, as you know that Ethereum has already dead, from 0.09 to 0.016. Just because of IEOs and no more demand. IF this continues then you can see the future too.
& the last question, how you think that IEOs are successful, don't you see BTT from 10 sat to 5 sat and the trend is still bearish. If IEO projects could be successful then you could see that BTT trend is bullish (10 to 20 or 30 sat etc