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RE: By Far the Biggest Chunk of Tokens are Sold in Private and Pre-Sales - Some Thoughts
Accredited investors are the bane of small investors but you can't blame the project owners though. After all, the incentive is for them to maximize contributions and Accredited investors offer just what they need and without all the hassle of a traditional ICO.
Your article reminds me of Telegram's TON presale. Had great plans for TON but those darn Accredited investors had better plans lol.
Yeah, that project is a classic example indeed.
I do think there is enough money in the market to raise a good amount of funds for your project. If it is solid, it's okay to have an ICO that takes a bit longer than 10 seconds. That first few million should be enough for the first 6-12 months right ;-)
Yeah, I agree with your take on there being enough money in the market to raise sufficient funds for the project.
Howbeit, that also assumes that humans are rational. Truth is, humans are the most irrational beings in the history of irrationality lol. Add self interest and it gets uglier and so the vicious cycle persists. But if it's any consolation, it's evident that we're in the nascent stages in the adoption and advent of cryptocurrencies and blockchain technologies so as the cryptosphere evolves we can hope for better infrastructure for ICOs, some forms of regulation, etc.
Great words!