The first ICO unicorns are here
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The first ICO unicorns are here
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Re: The first ICO unicorns are here
#2> The OMG token sale, which raised $25 million, took place in July and initially one OMG token was worth around $0.27. Today, the value is at more than $11, giving a return of more than 40X to anyone who bought in at the ICO stage.
> Another startling fact to note is that neither company has an actual product in the market right now. Although that is common with ICOs because investors buy into a product roadmap that will developed with the funds raised via the token sale.
No, don't worry, this isn't a bubble. We're just experiencing a speculative soapy-water sphere situation.
Re: The first ICO unicorns are here
#3[deleted]
Re: The first ICO unicorns are here
#4Is it unfounded to see ICOs as a form of unregulated gambling? I'm thinking particularly in terms of legal consequences for US-based entities offering ICOs. Can entities like the IRS or SEC punish companies or individuals that offer ICOs?
Re: The first ICO unicorns are here
#5> initially one OMG token was worth around $0.27. Today, the value is at more than $11, giving a return of more than 40X to anyone who bought in at the ICO stage.
You too can become a millionaire from these penny stocks.
Re: The first ICO unicorns are here
#6> The OMG token sale, which raised $25 million, took place in July and initially one OMG token was worth around $0.27. Today, the value is at more than $11, giving a return of more than 40X to anyone who bought in at the ICO stage. > Another startling fact to note is that neither company has an actual product in the market right now. Although that is common with ICOs because investors buy into a product roadmap that…
A billion dollar buy-in on a product roadmap.
I need to start thinking of a few product roadmaps.
Re: The first ICO unicorns are here
#7Is it unfounded to see ICOs as a form of unregulated gambling? I'm thinking particularly in terms of legal consequences for US-based entities offering ICOs. Can entities like the IRS or SEC punish companies or individuals that offer ICOs?
Their behavior is much more like penny stocks, the old fashioned vehicle for pump and dump.
Re: The first ICO unicorns are here
#8This should end well.
Re: The first ICO unicorns are here
#9This is a bit off topic, but bear with me: so far, nearly every comment in this thread has contained some degree cynicism toward cryptocurrency-related funding. Why does HN have such a distaste for cryptocurrencies? Why can't we just have an intelligent conversation about this new technology? Why do we have all the negativity and downvotes for any remotely positive comments related to cryptocurrencies?
This is super interesting technology, regardless of your prejudices, and just complaining about it being a "bubble" doesn't add any value to the conversation.
Re: The first ICO unicorns are here
#10This is a bit off topic, but bear with me: so far, nearly every comment in this thread has contained some degree cynicism toward cryptocurrency-related funding. Why does HN have such a distaste for cryptocurrencies? Why can't we just have an intelligent conversation about this new technology? Why do we have all the negativity and downvotes for any remotely positive comments related to cryptocurrencies? This is super…
How positive are we meant to be about out right scams and Ponzi schemes?