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At the core of the malaise for ICO, in my opinion, are scams. Three types of activities may be considered “scammy”: (i) the token issuer has no intention of fulfilling the promises made at token sale, (ii) the token issuer cannot fulfill these promises, and (iii) the token issuer fully imitates or mocks the practices and plans of another project. In this third article in the 4-piece series, I will briefly cover these activities; then, I will argue that they highlight what is wrong in financing beyond cryptocurrency.
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This is the exert of an article published by us on our Medium channel: https://medium.com/@IdeaFeX/ico-scams-highlight-issues-beyond-crypto-28db801062c2