//ICO’s are the cancer of crypto.

ICO’s are the cancer of crypto.

Asking for 5 million bucks to create a token? having tons of eth/btc to dumb after ico sale is finished? well yes that’s what kills the market where do you think all those money are being dumped? Some people work 12 hours a day for a couple of thousands by the end of the month and comes some random bunch of people (most likely scammers) with a good looking website and basic coding knowledge claiming to do something super in the blockchain industry and ends up raising some millions and dumps it then delay all the work forever .Think about ico’s in a way that you are paying tons of cash upfront to someone claiming to sell you a super car without a single guarantee then after you pay the money they won’t have a single reason to bother continuing the job. project needs funding ok but what is happening in icos is totally a joke and a public fraud what is worse is that it’s killing crypto in general. If those billions of dollars wasted on ico’s were spent on unique projects , new ideas and codes built from scratch and not just a token/clones crypto would be way better than what it’s now. As long as dozens of icos are being launched everyday with millions being raise from each and dumped afterwards crypto market will keep going down.

Asking for 5 million bucks to create a token? having tons of eth/btc to dumb after ico sale is finished? well yes that's what kills the market where do you think all those money are being dumped? Some people work 12 hours a day for a couple of thousands by the end of the month and comes some random bunch of people (most likely scammers) with a good looking website and basic coding knowledge claiming to do something super in the blockchain industry and ends up raising some millions and dumps it then delay all the work forever .

Think about ico's in a way that you are paying tons of cash upfront to someone claiming to sell you a super car without a single guarantee then after you pay the money they won't have a single reason to bother continuing the job. project needs funding ok but what is happening in icos is totally a joke and a public fraud what is worse is that it's killing crypto in general. If those billions of dollars wasted on ico's were spent on unique projects , new ideas and codes built from scratch and not just a token/clones crypto would be way better than what it's now. As long as dozens of icos are being launched everyday with millions being raise from each and dumped afterwards crypto market will keep going down.