The phase of investing in ICOs had created a lot of euphoria in the markets. It was a time when individual teams would design their own project on a blockchain and seek investment for it through cryptocurrencies. It was basically an exchange of one cryptocurrency for another.
The investors in the ICO were given equivalent shares for their investment in these newly developed ‘tokens.’ While the idea behind it was good and pure to provide easy crowdfunding opportunities. It exposed the hard truth of the modern economy.
Also Read: Initial Exchange Offering (IEO)
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