It will not be better: last week the ICO projects sold 100 thousand ETH
Source:Over the last month -the project has sold over 200 thousand ETH, 119 thousand of them – only in the last 7 days. With the recent fall of the stock market ICO started in haste from their inventory of coins. Today daily sale from 10 to 20 thousand tokens. It is hoped that the new regulations from the SEC will help bring fraudsters to clean water.
In most cases, the ICO is not able to ensure the transparency of their projects. Even despite the fact that regulation in respect of ICO , while the regulatory framework is too ambiguous from the point of view of application to projects. What about those who have collected a billion, those whom only 5 million?
biggest sale ETH in November 2018. Source: Trustnodes
And if the Hero is not so obvious in the case with Status once it is clear that the project tirelessly and consistently sells their esters. Sometimes they hold hackathons and even take part in the development of the ETH, but it is not clear why this project is so fond of Fiat. As a rule, such companies should be accountable and to show where it went these or other collected funds. Moreover, the elimination of 28 thousand ETH it would be perfectly ethical to ask permission from investors.
theSEC promises more transparency in the near future
So I hope soon to see at least the minimum requirements of the ICO. Enough will be quarterly reporting on the distribution of the collected investor money. For example, if an investor ETH is stored in the system by type DAO, then to a project to apply the minimum reporting requirements.
If funds in the amount of, say, $ 10 million shall be deposited with a third-party service, the costs of storing, lawyers and other small items can reach 50-100 thousand. Given the fact that the project may, without a ready product to attract at least $ 200 million, then it is necessary to apply a full set of regulation. What do you think about the fact that the ICO projects are selling is actually someone else's money? You can discuss in our .
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