Post
Topic
Board Altcoin Discussion
Re: What Is An STO?
by
Twinkledoe
on 23/04/2020, 22:15:27 UTC
Rather than wasting everybody's time by spreading your trash website, here's a shorter explanation on what an STO is for everybody.

An STO, or security token offering, is the latest way for half-baked blockchain projects to extract money from unwitting idiots that think absolutely every cryptocurrency will pump or appreciate at some point. Most of these are formed by companies or individuals with little to no experience developing products, and few will achieve the heights they aspire to.

Odds are if you invest in an STO you will get rekt, just as the case is with ICO and IEO investments nowadays.

There is a reason only accredited investors can invest in IPOs in most countries!

I think I will vote for this for the definition of STO.  Grin Developers of this kind project just change the name of how they want to raise money but the fate is almost the same with ICO or IEO projects. If they want to abandon their project, they can. I will believe in STO if there is an option that they can refund their investors if in case they can't deliver their product as promised.