ICOs: the good, the bad, and the future
Channel: Input Output
Date: 09/08/2017

The trend for initial coin offerings, or ICOs, has taken off this year, with start-ups raising tens and even hundreds of millions of dollars for their business idea by selling tokens to the public. Jeremy Wood and Charles Hoskinson, co-founders of IOHK, flag up signals buyers can look out for that indicate a solid project. They also highlight some of the risks with such sales, before looking to how the market will develop.

The co-founders are speaking in Ukraine, where Charles Hoskinson was giving a talk at the fifth Blockchain Incredible Party, BIP001. This leading cryptocurrency and blockchain event in eastern Europe aims to showcase the best industry talent in the region by bringing together developers, entrepreneurs and enthusiasts. In his presentation, Charles explained his view that ICOs are in a bubble, comparable to the period in the early 19th century when a flood of money rushed into the markets, only to be followed by the Great Depression. Yet while most of the businesses who had held ICOs would be wiped out, those with strong business ideas would survive, he predicted, and fresh standards of compliance and conduct would be established.

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Find out more from this event:

http://bip001.com/
https://distributedlab.com/
https://twitter.com/kravchenkopo
https://twitter.com/lilechkafleur

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Input Output

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