Post
Topic
Board Altcoin Discussion
Re: I need a reality check, is an ICO right for me to fund a business?
by
hatshepsut93
on 11/06/2020, 18:16:34 UTC
1. You call it "business", but it actually sounds more like charity, so which is it?

2. Your token has no utility, it's a share in your hypothetical company, but it's unclear how would it generate profit for investors? And what are the guarantees that it will be distributed?

3. Your token will be an unregulated security, which will attract the attention of the SEC.

4. No one is going to give 1mil to some anonymous guy's ICO these days.

5. There's no hunger problem in America, no one starves to death, the existing solutions work just fine.