ICO was far better than shit STO! I haven't seen any successful STO projects yet, all are failed or scammed. So, STO is finished! Right now only IEO is ruling the sale section in crypto, but its records are not good enough throughout this year except for a few exchanges, maybe the crypto market needs a better plan.
There were some successful STO projects before and this year I only have seen the Bitbond STO could hit their soft cap, though they deceived the bounty hunters, for that, Bitbond is likely dead now. Actually STO projects did not scam rather they failed miserably to raise the soft cap. Like the LOL token, Hyghtech STO failed to gain enough money to run the project, but they did not scam.
so in short, STO and IEO are following the fate of ICOs. and we are already witnessing that to several projects. those with solid backing can only prosper in this kind of crowdsourcing scheme.
investors are discovering that one way or another, it is just another form of collecting money and yet the path will not change if those projects continue to screw their investors by not delivering their objectives...
Its all the same. Investors can't do anything when these teams are going to run the money they collected. They can't run after it since these teams are everywhere, their hired CEO lives in Africa and the CTO is somewhere in Europe while the developer is spread all over China. Their marketing staff only lives in fake linkedin profile with the photo of popular celebrity so non of these crowdfunding ideas work as long as there is no multi sig escrow that will just send fund upon agreed milestone.