Nodoubt 2017 was the Year of Bitcoin
interest in cryptocurrency all arround the world caused a massive market runup. But it wasn’t enough.. some speculators took the blind leap of faith by investing in unknown cryptocurrency projects through a lightly regulated process called an “ICO,” or initial coin offering, in which a startup companies sells their crypto token to raise money for the under lying project.
One should keep skeptical eye on ICOs, most come in from of scams and ponzi scheems. It turns out that skepticism about cryptocurrency news has surveyed last year’s ICOs and found that of 902 tracked by TokenData.io failed before raising funding, and another 276 failed after fundraising and disappeared with investors money. That’s a 50% failure rate among total , which is devastating.
