We have barely moved on from the massive amounts raised by Bancor, Status, Civic etc and are already looking at two $150mn+ ICO's
What I fail to understand is why any start-up - especially those that dont even have a MVP yet need such large amounts. One would have to be delusional to think that raising $150mn is gonna get their product into the market sooner than having $25mn in the bank.
Incase you missed out on the June maddness, both of these offer you additional opportunities. While the additional interest on cryptos that these bring are great, what is unfortunate if that most "investors" could hardly differentiate one from the other. Flipping money 2x, 3x even 10x overnight has infected everyone involved and this does not bode well for Cryptocurrency in general.
Sooner or later, tokens from one of these ICO's will plummet or worse - turn out to be a scam and bring bad light on the ecosystem.
