As crypto gets exposed to the world gradually, new and more convenient features enter the market.Initial Exchange Offerings are taking over with their planned and well structured activities which put the whole project on checks and make sure investors get their holdings after making the buy orders.Again, the coin gets the opportunity to be listed on that exchange which facilitate immediate trading if not planned otherwise by the team.
In my opinion, if ICOs are to come back in the game, then there should be regulations and structures set aside in order for it to meet the standards set by IEOs.What other way do you think can lift up ICOs again?
Yes ICOs can again come to life with following of some professional SOPs about transparency and competency. Some of my suggestions would be:
1) All team should openly and publocally present themselves with video intros telling about themselve and their experience and what they think about the project. Also if each team member provides copy of their Govt ID that would add to projects points.
2) Developer team should regularly update the community weekly or monthly about the updates regarding the development of the project.
3) Tokensale should be transparent with tracking links provided to check the amount of funds raised.
4) The team should have demo or sample of the project before raising funds.
5) There should be guarantee that the project will continue despite the amount of funds raised in tokensale, the team can look for alternative funding sources if they deem necessary.
All these steps will boost investor confidence and only legit and real projects will come up as a result of these SOPs and ICO culture will flourish again.