ICOs’ woes are starting to attract a lot of attention. But are they really all that bad?
In the wake of the ICO frenzy that has swept the Ethereum startup scene, many have voiced their concerns about the effect ICOs are having on the price of Ether. Large amounts of Ether are being raised and sold to fund these projects, which has caused the currency to see significant sell pressure.
For example, one ICO heavyweight has raised over $500 million in Ether since the beginning of it’s year long token sale. Although this is a harsh reality to deal with in the short term, the positive effect these startups could have on the value of Ethereum in the long run shouldn’t be ignored…
Read Full: Ethereum-based ICOs Can be Good, Bad, or Ugly, But Ultimately Create Vibrant Ecosystem
