Big companies want a piece of the ICO cake
Hello Steemit Community!
This has been some crazy months for the cryptocurrency market with alot of new ICO's (Initial Coin Offering) entering the market and bringing new ideas and use cases for blockchain technology.
In 2017 alone, $3.2 billion was crowdsourced in alot of different projects, the top funders are Filecoin ($206M), Tezos ($232M), EOS ($180M), and Bancor ($154M).
Some ICO'S have a company behind it with almost all the team supposely working on the project... is this a money grabber or they really want to build on blockchain technology? I think we are gonna have answers this year.
Big companies are jumping in the ICO's and blockchain game, first was Overstock, that is launching a ICO and is looking for 500m funding. You can check the official website here.
This last week we hear Telegram is launching a ICO and is looking for 1.2b hard cap, more information here
Today big picture company Kodak announced a ICO causing their sharing going 120% in less than 1 day, that is like 10 years in stocks lool You can check a good article about it here.
Currently the website https://www.kodakcoin.com/ is down.
One funny thing is they are entering the asic miners game too, what it seems like a antminer with a Kodak Sticker.
https://twitter.com/chrisbhoffman/status/950861459302445056
For me this is all just a money grabber this amounts and ideas is ridiculous and in my opinion is bad for the cryptocurrency market, alot of stupid money is going to enter the market and the bubble is starting to give signals of potential pop.
What is your opinion on this?
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So many good ICO's to be brought out this year. Just have to be careful to not get caught up with the scams. I'd rather invest in 10 different coins than go ALL IN on one ICO expecting 100x return. Be smart with your money. DYOR and ride to the moon 🚀
Very good tips, we allready have alot of situations where people lost all his money. Diversification and not all in is very important!
This upcoming Telegram ICO sounds huge! This is the first I've heard of it, will keep a lookout for it. Thanks for pointing it out.
Is too damn huge in my opinion, 1.2b is ridiculous. Thanks for the comment :D
don't mention it just let them come there are enough pieces for everyone
What u mean?
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