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RE: By Far the Biggest Chunk of Tokens are Sold in Private and Pre-Sales - Some Thoughts
I think the days of crazy ICO ongoings are numbered though. It's indeed a 10-second window right now, but there are also a lot of initiatives and experimental ICO's that try a different approach to get a more even distribution. Many projects recognize that it does their project no good to see their token dumped straight after the ICO. Then again, plenty of projects don't seem to care either..
But I'm thinking that upcoming regulations and initiatives like the CoZ 'ICO framework' on the NEO blockchain may normalize things in due time. By then we'll be talking about the good old days and sharing anecdotes from 'that one time' when we managed to get into a good ICO and score big.
That might very well be the case. I think gradually investing in this space will be very similar with traditional companies.
The bigger and eventually successful projects might follow the steps: VC/accredited investor seed money -> Build product and release first version -> raise money through ICO (general public). Maybe more than 1 seed funding round, but eventually the average Joe investor won't get in early on the solid professional projects any longer, or at least chances are very slim.
Reading back what I just wrote....this is very much already the case actually :-P