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RE: Steemit Crypto Academy Contest / S5W5 - Initial Coin Offering in the Crypto Ecosystem
ICOs have become the primary method of raising funds in the crypto ecosystem.
That's truly the primary aim of ICO in the crypto space, to raise funds from early investors so that they can continue the development of the project to make it available for the public.
This also give early investors the opportunity to earn more on their initial investment because tokens are sold at a very low price during the ICO.
One of the biggest challenges of ICOs is that they are not regulated, which means that no federal authority or government protection is put in place to guide
This is one of the disadvantages of ICO, it's not regulated and that is why there are cases where the organizers scam the investors.
You are correct my friend, this method of fundraising for crypto projects and companies has benefited them alot, as millions of dollars have been realized thus far.
It's only sad that some projects don't fulfill their promises because it's not regulated by the government.
Thanks for your lovely time and support here friend, I really appreciate ❤️:-)