ICO Market Crosses $1 Billion Mark, Is Bubble Imminent?

Sources including the Wall Street Journal have revealed that the ICO market has surpassed the $1 bln mark, with some of the recent ICO campaigns including EOS, Bancor and Tezos successfully raising hundreds of millions of dollars.EOS for instance, which was heavily criticized for its controversial Token Purchase Agreement, gained popularity amongst investors within the cryptocurrency market for its infrastructure that provides an efficient, scalable and flexible ecosystem for decentralized applications and smart contract-based platforms.Most ICOs including EOS emphasize prior to their ICO campaigns that US investors can’t participate in token sales and that the native tokens of ICO projects do not have any intrinsic value. As an example, the Token Purchase Agreement of EOS read:“As mentioned above, the EOS Tokens do not have any rights, uses, purpose, attributes, functionalities or features, expressed or implied. Although EOS Tokens may be tradable, they are not an investment, currency, security, commodity, a swap on a currency, security, or commodity or any kind of financial instrument.”The author of the article    Joseph Young       Read more  http://cointelegraph.us3.list-manage.com/track/click?u=2c088712615955cd2f82aa968&id=9756b1a616&e=140f57b3eb