ICOs (Initial Coin Offering) are building businesses within blockchain space the more the merrier it is to whole ecosystem to grow and mature.
Summer was season of ICOs this year, wow everyday new startup and ICO...
Not all businesses will survive after their ICOs, but I think they do attract and progress some way or another to improve infrastructure of the blockchain businesses.
It looks like, in 2017 - ICOs collected x20 times more money compare to 2016 and number of startups grow x4 times. Images are courtesy of the coinschedule which gives great overview of the ICOs.
Diversity of the categories are also growing which means there are more projects trying to solve different problems.
It is exciting times certainly to watch the space and you are one of the lucky ones to be among them because you are on Steem and know about blockchain more.
I even noticed mainstream companies/startups doing crowdfunding in blockchain space just because it is easier to get funded and start working on their life long project dreams.
The flip side though that it is getting hard to know what startup is genuine and team has enough experience to deliver what they promise.
@GOOD-Karma... Thank You for bringing up & sharing this topic...
It certainly would seem that BlockChain Technology is improving with incredible, innovative ideas/concepts that are being driven by both money AND competition, which imho is VERY Good for a healthy, growing, relatively Young industry... where we are literally witnessing so Much innovation almost on a daily basis... that the FUTURE looks Very Bright... InDeed !!
So Bright (( as the song goes )) that we're gonna have to wear shades !!
But on a more serious note... when we look back 5 Years & NOW witness all the incredible innovations that are currently here today... AND then if we just Look FORWARD 5 Years... oh my Gosh... the World is literally transforming at LIGHT SPEED...
AND, if it was not for the intentional creation of FEAR/FUD by the"Dark Side". sometimes known as the Central Bankers/Old Paradigm... well, You see where I'm going here...
But of course, as with any new innovation, there is the normal or previous adoption rates that could sometimes take 15 to 20 years or longer, if we go back prior to 1900... now however, with almost instant global communication, adoption rates are going FASTER & FASTER... with INNOVATION seemingly growing at EXPONENTIAL Rates !!
Please READ today's news release by the EOS Team led by @Dan, the CTO... and witness for Yourself how quickly the crypto currency markets are moving... AND again, imho, it is only going to accelerate Faster as we progress into 2018 !!
https://steemit.com/eos/@eosio/the-dawn-of-eos-io
AGAIN... Thank You GOOD Karma for such a stimulating question... ReSTEEMed !!
Hope You're having a Good Weekend !!
Cheers !!
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Waoo! It is amazing analysis! Where can i access the data, ehich makes a category of the coin??
Thanks for sharing!
Thank you @good-karma for this interesting article.
For me, those times resemble the dotcom bubble so much!
An interesting article about how adoption might unfold is found here: https://hbr.org/2017/01/the-truth-about-blockchain
I don't want to ask you to take the time to help me understand how this works but not sure where else to learn.
Am I right in thinking being involved in an ico is very similar to buying shares but the share you buy becomes a tradable coin rather than a traditional share with a value.
Does money change hands because you start to buy the coins. And the value grows because people become prepared to buy a coin for more?
It's complex.
I'm guessing the business raises revenue because their coin value rises and they kept a certain number themselves?
I'm Agree
there are only some ico that worth the time to invest. i think there are too much ico out there, everyday 2-5 different ico..c'mon!
ICO or any prelaunch token are unpredictable.
Its depend on their backbone and their supply and demand..anyway good info @good-karma
ICO or How to loose money very quickly !
Hahaha are you kidding me? I triple my money this summer investing in ICO's: Distric0x, 0x, Coindash,Tierion... If you know how to analyze an ICO, then is the best way to invest.
Awesome article @good-karma! ICO's are changing the model to invest and fund startups ^^
😀 You are right, that's flip side...
my thoughts exactly @killuminati @evelyniroh - it's totally possible to make money with ICO's but IMHO that's more gambling than investing... there are more and more ICO's released every day now, many of them will either drop or have a very brief pump before dumping... meaning that you'd have to time your sale perfectly before you lose money. It's tough as well since most ICO's aren't available on the main exchanges, so it'll involve setting up a new account somewhere then transferring your coins there to trade. You may be able to tell I've tried this a few times. Lost a bit of money the first time, then the second I would've lost but luckily I forgot about it and ended up "holding" til I broke even.
To conclude I wouldn't discourage you completely from a new coin if you think it has potential but since there's often a dump in the beginning, it's smarter to wait a few weeks or even a few months until it's at a low enough level where you can pick up the coins at a good price. This idea was also advocated by @jerrybanfield :)
emmm Good
Lol.. How to loose money quickly? AM scared of ICOs now with that statement. Nice post @good-karma. I wish all investing on ICOs dont regrate it. Resteemed
Do your homework, read the whitepaper, check out the dev team, click on the links, if it looks fake then as a rule it is fake, read the dev teams posts if it looks like it is jibberish then its likely they are just adding posts to make it look real. HODLing to the moon
Yep. Hodling :-)
Thank for sharing this amazing info @good-karma
👏🏼😁👍🏼
It is definitely the year of the ICO, we have always had ICOs but now with the ETH platform and the ease at which someone can create a token it has ballooned.
With the crowdfunding sites like Kickstarter a success would be to raise a few hundred thousand, in the crypto world a few million raised seems to be the norm.
I agree we are lucky to be aware and involved in crypto at this time and if you are able to find the right project it could change your life, not in the short term and I think this is the trap for a lot of people, they want to get rich quick through an ICO but I think if the project is worth it's salt it will take time to achieve it's peak.
The trick is to hodl and not panic with you investment.
Exciting times for sure.
Amazing post. Very useful for me. Thanks for share
.
Real innovation will survive longer but just innovation in itself is not everything
I would say all the big players will survive in the coming years, and these ICOs are just a backup so that the money generated will be actually transferred to the biggies :)
The information you provided is good. We are contented. Keep giving similar information even further.
Please vote my post @yulie
I wonder if there is a statistic - what percentage of all ICO for the year turned out to be fraud?
I would be really interested to see that, this year number of ICO statistic/alert sites grew substantially... who knows maybe there is one already
social networks cover only 0.3%, and I wonder if it is only Steemit.com or others also in there.
I think Steem has a good potential to grow, because if we look at the non-blockchain internet based businesses, Facebook is the competitor. It can grow like Facebook for sure.
Exactly, these areas are still untouched and Steem is front of social networks in space!
Ico is gmbling..?
Iam to invest ini ico atb..
:(
very nice thanks for info
Very good @good-karma. Thankyou very much.
Many ICOs will fail that's for sure, but it's away more easier to raise funding through ICO than the old way. I see many projects moving to blockchain as it grows. If investing in ICO, one should be very careful, check the team previous work and be careful not to send your money to hacked addresses
I agree, investing is another story and requires proper research
A lot of ICO's that startup have a good chance of failing and it definitely is more of a gamble. Though even coin buying can be a slight gamble due to the volatile nature of it.
I agree, in 5 years 95% or more of startups fail. But few ones that survive really makes a difference in advancement of the technology. Gambling part is true if you don't do due diligence.
I agree, the next couple years sounds about right, I'm thinking that three is fair between development & adoption. I'd love for it to be sooner, but I'm also not ready financially & I'm really selfish & would like to find a way to invest before it's too late.
With the personal optimistic evaluations of Bitcoins growth potential, I'd really have to be feeling an ICO to part with the tiny amount I have. If I could easily throw Fiat around I'd be all over a few of them though.
We're sure entering interesting times, love it.
hehehehe funny u wrote about this now, I know you are a developer @good-karma..
maybe you can help me 😭
Thank you @ god-karma has been sharing I like it
ICO are pretty hot at the moment. It is all about catching the next big thing early but for others they just jump onto an ICO when the token is cheap and benefit from it when it starts to go on exchanges.
June and July was crazy for the whole cryptospace. We also saw a huge growth in steemit that year as well and hopefully that will continue in the coming months @good-karma
good and like ur post
Very informative writing.... thank you for sharing @good-karma
Interesting!!!!
You are a man so extraordinary and mighty, I am proud of you who helped many people out there, I also want to be assisted by you like others, help Vote & follow @danker
@good-karma. please teach me how to play steemit. I'm new here. and I still do not understand @good-karma
This is a very informative post. It looks as though Steemit has a really head start on growth in the social media arena. Thanks for sharing.
thank info, @good-karma
vote and resteem posting
great stats, i have no idea, there is an explosion of coins / info / sites / exchanges / hardforks - it's a lot to take in / i'll check out coinschedule, ty
Waoo! It is amazing analysis! Where can i access the data, ehich makes a category of the coin??
Thanks for sharing! 👍👍👍
The idea of ICO is very smart. However many projects are just to make duplicate project and just make money on it.. post sometimes new feature, etc.
I want to be wrong and to see the world changes in few years because of massive adoption of blockchains, and therefore ready startups because of ICOs.
They are the highest risk investment but you have the chance to make 100 times your money or more. Its like educated gambling. As long as you don't mind losing your money you could be very prosperous.
Absolutely blockchain technology will lead to the next industrial revolution and this is just the beggining..soon many ICO´s will be done using steem blockchain and we all will be glad that we are early adopters. However be careful , not all that glitters are gold..many are scams so do a solid due dilligence
Cool
Thank You for bringing up & sharing this topic...@good-
Thank you so much for sharing all this information! that's great! All the best! Waiting for more posts! :)
thx for the share, I hope you didn't miss my post https://steemit.com/steem/@rival/underexposed-feature-witness-voting-why-who-please-read-and-start-using-witness-votes
Hi @good-karma thank you for this post,indeed it is a well detailed post to share with other steemians around this blockchain perhaps on my perspective i am gland to see the growth of initial coin offering in form of cryptocurrency,now i do believe that there is a positive effect of ICOs in space within the next couple of years since this is a revolutionary that has begin and it will be bigger and better on the move.
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Great post Very helpful
i think Bankera ico is a good one it has a great potential to success!!
I think the overall effect of ICOs will depend on how many live up to their promises (or at the very least, die trying).
ICO tokens are pure inflation, and the value placed on them today is a guess at future utility. To the degree they produce utility, they will have a positive impact on the space. They seem to be part of what is attracting so much new money into crypto right now, but if too many people get burned, that will hurt crypto in general.
Nothing like a good ICO right??
Good information