ICO's Are Officially Dead What's Next ?

in #bitcoin5 years ago

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ICOs are dead its been a long time since any meaningful one has come out and after being blasted,raided by governments and people getting scammed those days are long gone.

Now the question is what is to come ?

Many new startups now are registering with the SEC as they should and because of that you need to fill out the KYC file. We all hated it when it first showed up but lets face it this is the nature of the beast now. If your not registered your going to be shut down, thrown in jail and fined like crazy.

A few other new cases have come up as well.

IEOs

Which are exchange backed which act kind of like ICOs but the exchange fronts it and offers the value. With the top tier exchanges you can be sure they have done their homework before listing such token offers.

Another one is a new Dapp startup and filed the first ever 50 million offering with the SEC.

This new Dapp is called blockstacks and files for a Reg A+ with the SEC.

What the heck does that actually mean ?

It means the Dapp can raise up to 50 million dollars via token sales but also that it is open to everyone 18+ and not just accredited investors.

What is an accredited investor ?

To the SEC it is someone who makes 200,000 per year or 300,000 if joint income and must be held for at least 2 years. The other end of that is someone with at least 1,000,000 excluding the value of ones primary residence.

So there you have it the future of what new Dapps are most likely going to look like.

This should bring around more legitimate business, hold people accountable and make it easier to make sense of everything when tax time comes.


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I'm not looking anymore ICOs because most of them ate just dream. IEO seem to be the new trend at the moment!

IEO and STOs are going to rally up a few projects I’m sure only for them to fail and lose investor money!

I still feel you should have a working product first and then say with funds we can scale not I haven’t done shit give me money and hopefully it will work out

The point of ICO’s weren’t really to fund companies it was to get in and dump your bags as soon as possible lol!

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While the latest processes have deviated from the traditional mantra of decentralized communities, these adjustments will be a positive bridge between the two sides as they get acquainted with the innovation being brought forward with the technology and projects. I am sure that regulations will continue to be adjusted accordingly as they seek a balance to protect investors and the continued promotion or support for innovative technology.

Posted using Partiko iOS

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