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ICO initial coin offering futuristic background with world map and blockchain peer to peer network. Global cryptocurrency ICO coin sale event - blockchain business banner concept.
Ini­tial coin offer­ings, or ICOs for short, are the lat­est craze in the cryp­tocur­ren­cy world. Despite being just a cou­ple of years old, ICOs have man­aged to attract a lot of atten­tion. It seems that in the past few months every news out­let had some­thing to say about them, both good and bad. Some praise them for enabling star­tups to receive funds quick­ly, but some peo­ple despise ICOs because of their unreg­u­lat­ed and fraud­u­lent nature. How­ev­er, one thing is for sure; they have rev­o­lu­tion­ized how projects receive fund­ing.

While no one can argue that ICOs are flaw­less, a case can be made that they offer more pros than cons. Sure, ICOs have lit­tle, if any, reg­u­la­to­ry over­sight, and their track record is rid­dled with thefts, frauds, and fail­ures. How­ev­er, with­out them, we wouldn’t have Ethereum, the sec­ond biggest cryp­tocur­ren­cy right now, as well as numer­ous oth­er new-tech­nol­o­gy star­tups. Judg­ing ICOs based on the failed projects and with­out acknowl­edg­ing their advan­tages cre­ates a false image. After all, even some tra­di­tion­al­ly fund­ed projects have turned out to be frauds.

There­fore, to avoid any future con­fu­sion, BTXchange.io have cre­at­ed this ICO round-up info­graph­ic. You can find infor­ma­tion about the good and the bad side of this rev­o­lu­tion­ary way to get fund­ed. Enjoy.


Info­graph­ic Sources:


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