2019 will be a great year for ICOs.
It’s been a wild few years for blockchain, with definitive highs and lows across thousands of ICOs.
What qualifies as a viable blockchain project has changed drastically in just a few years, and the crowd of ICO contributors is driving a change toward higher standards.
Here’s a brief look at the distinct eras of ICOs we’ve lived through so far, and a look forward to 2019.
2017: The Year of the “Whitepaper ICO”
2017 was the year of the “Whitepaper ICO.” If you had any idea for a company (even not a very good one), you could dress it up in a whitepaper, slap the words “disintermediated” and “decentralized” on it and before you even knew it, in came the crypto.
There are famous cases of outright ridiculousness. There’s the iced tea company who slapped the word “blockchain” on its name and instantly saw its stock soar 200%. And there’s the digital kitten company who sold virtual cats for $6.4 million.
Then there were also more noble projects that had great intentions but haven’t yet channeled that raw determination into a working company. Even with freshly-minted war chests, they slowly found that all the money in the ...
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