The Downside of ICOs
There are four main downsides to ICOs: they're unregulated, they're hard to research, they clog the blockchain, they can devalue other cryptocurrencies. At the same time, ICOs bring new development ideas to blockchain technology quickly. These ICOs bring us new functionality and fix existing limitations, hopefully becoming even more beneficial in the long term. So how do you navigate hundreds of tokens going to ICO and sort the profit makers from the scams?
There are four main downsides to ICOs: they're unregulated, they're hard to research, they clog the blockchain, they can devalue other cryptocurrencies. At the same time, ICOs bring new development ideas to blockchain technology quickly. These ICOs bring us new functionality and fix existing limitations, hopefully becoming even more beneficial in the long term. So how do you navigate hundreds of tokens going to ICO and sort the profit makers from the scams?