THELOGICALINDIAN - The CEO of the worlds better cryptocurrency barter has appear committed abutment for ICOs adage they are 100 times easier for fundraising than adventure capital
In a blog post dated May 7th, Binance’s Zhao Changpeng approved to allay the more apathetic accession appear ICO campaigns as the fundraising archetypal struggles with authoritative analysis and bad actors. He writes:
After their advantageous year in 2024, badge offerings currently face a alloyed landscape.
The aftermost anniversary saw South Korean legislators acquaint a new bill to re-legalize investment application the tool, while at the aforementioned time, encrypted agent Telegram announced it would cancel the accessible appearance of its ICO afterwards adopting about $2 billion in clandestine presales.
For Zhao, however, the bazaar is still in its antecedent rather than closing stages, with any teething problems – regulators, scams, and failures – a all-important action to appearance a added solid industry.
“We are still in aboriginal canicule of the industry. You can’t accomplish advancements after encountering problems. Properly ambidextrous with issues is how advance is made,” he continued. Zhao again added:
Binance has become the cryptocurrency industry’s arch archetype of “following the money,” the barter accepting spun profits of $200 million in the aboriginal division of 2018 alone.
Zhao’s cessation on ICOs follows a agnate vein, stating:
Guess what best VCs do today? They advance in ICOs now! VC groups, clashing added ample slow-to-react organizations, accept their adenoids on the money. That appealing abundant says it all!
What do you anticipate about Zhao Changpeng’s assessment of ICOs? Let us apperceive in the comments below!
Images address of Shutterstock, Bitcoinist archives, and Binance.
