Welcome to CryptoLand: Could Smaller ICOs be Better?
I-C-O. These three letters recently changed the crowdfunding market for ever. In 2016, Initial Coin Offerings (ICOs) raised $96 million globally. Last year, this amount surged to $4 billion. The mood was jubilant, but, with such impressive growth rates expectations became higher and higher. So, where does the ICO market go from here? Understanding ICOs The crypto sphere is a brand-new world with its own vocabulary. We often hear terms like “private round,” “testnet,” “softcap,” “fork,” etc. For crypto early-believers these terms are already well-known. Wall Street traders have generally been able to learn quickly — given similarities to existing financial vocabulary. However, for the average retail investor, it has been more of a challenge. In order to cater to a broader audience, we will explain the ICO process in simpler terms. Welcome to CryptoLand Let us imagine that someone has a plan to open a Theme Park called CryptoLand next to Disneyland Paris. Other than the fantastic a...