In 2017 when ICOs were popping up day after day, investors only had a limited amount to invest in projects. Many of them were scams therefore if you were fooled once, you would not want to invest again no matter how lucrative the project appeared. Binance was obviously one of the those rare success stories but countless others failed.
As with many of these types of investments, you have to be in the right place at the right time otherwise the opportunity passes you by. That 2017 ICO era is over, I doubt we will see anything like that again.
I didn't know Binance was an ICO. I see was in 2017 and with BNB tokens sold at $0.15 each. I entered some ICOs that year and I missed the jackpot.
Thank God ...
It is over and NEVER again.
As much as I despise Regulatory interference, it is the prosecutions that happened after all the ICO rush that stopped things like that in its tracks. Though in saying that, now We have VERY Sophisticated Scams going on. But few and far between in the public eye now. The Public scams are simply aimed at those that have always had a leniency to be scammed.
#crysx #cwi
But I have the feeling that regulation has put an end to legitimate ICOs, while scam projects and memecoins continue on their path using very similar systems: launchers, etc. I don't fully understand the nuances, but I do miss serious projects. Will it be possible for regulatory guarantees to emerge that allow for a restart of such initiatives? I read about some drafts for new DAO regulations.
I believe so ...
The regulatory boundaries of these forms of Funding will be along the lines of the current 'FIAT Based' IPO/ICO practices if they get their way.
Again though - Regulation does NOT ensure anything except Government/Banking Control over these things - so I agree with You in the sense that 'Real' IPO/ICO could be held back because of such Regulations.
We will all see what happens since it is all unfolding before Us and in the Public arena.
Let's hope the Regulatory departments have sense this time around (which looks like it will - SEC I am pointing at You) rather than have the closed Illegal rulings they had when that imbecile was running (ie - ruining) the place.
#crysx #cwi