Death of ICOs and Bounties?

[Zed0X]

I used to think that the only way ICOs would end is when developers fund their own project but recent ruling by the US SEC suggests otherwise.

The recent crackdown on two initial coin offerings (ICOs) Paragon and AirFox by the U.S. Securities and Exchange Commission (SEC) could lead to many blockchain and crypto projects declaring bankruptcy in the coming months.

Full story: https://www.ccn.com/how-secs-paragon-ruling-could-send-many-crypto-icos-to-bankruptcy/amp/

This action by the SEC could force project founders to raise funds thru Venture Capital instead of a public sale. If that ever happens, there's probably no need to use the services of bounty hunters.

Have you ever thought about this?

[bubblebubble]

Great post.
Sincerly I read about but I didn't know last news you publish.
The idea of collecting money trough Venture Capital is the new trend without it many project didn't reach own goals.
This tendence could be unuseful for those projects that aim to mass adoption. So probably bounties continue to exist for those projects.
In order, you have to consider that not all projects need to be approved by SEC.

[alltalk]

~snip~
Have you ever thought about this?

Yes, I have realized the possible changes in token sales for months. Venture Capital may be a new alternative for a project to provide fundraising but I don't think it will eliminate ICOs. ICO is still a favorite way in offering a token sale since it is easy to do and has been familiar with investors.     

[Fenix]

SEC is the state structure of only one country - the USA. Why should one country dictate conditions for an ICO to the whole world? If ICO will continue to bypass the US cryptocurrency market, I think nothing bad will happen.
It is unlikely that ICO can do without ordinary investors. They are the basis for financing this type of activity in cryptocurrency.

[Zed0X]

SEC is the state structure of only one country - the USA. Why should one country dictate conditions for an ICO to the whole world? If ICO will continue to bypass the US cryptocurrency market, I think nothing bad will happen.
It is unlikely that ICO can do without ordinary investors. They are the basis for financing this type of activity in cryptocurrency.

It could set a precedent for regulatory bodies of other countries in dealing with ICOs.

It is also not unlikely that blockchain based projects can succeed without public investors. I've already seen a project forfeited token sale and decided to seek funds from private investors.

[ribowo76]

I think that won't have much effect on the ICO project. Because, not all countries must follow the rules of the SEC. So I think, the ICO project will not disappear

[Alpha]

Possible that it will happen sooner as we know crypto is on going to be great and regulations will come in to regulate crypto for the better uses and purposes. There are more things to process before it will be implemented. SEC won't let the project down by drastic application. Step by step gradually changes will come. Hopefully, bounty hunters won't be denied.

[gurunanakji777]

I don't have any doubt that Some kind of regulation will take place sooner or later. Raising funds through Venture Capital is not so easy like ICOs public sale. If it will happen then probably that will affect the ICOs. But for the time being SEC can only order this in USA itself. It will not be mandatory for other countries but I believe many country will also follow this on the other hand in my opinion ICOs will run as usual but it can be reduced in numbers.

[Zed0X]

I don't have any doubt that Some kind of regulation will take place sooner or later. Raising funds through Venture Capital is not so easy like ICOs public sale. If it will happen then probably that will affect the ICOs. But for the time being SEC can only order this in USA itself. It will not be mandatory for other countries but I believe many country will also follow this on the other hand in my opinion ICOs will run as usual but it can be reduced in numbers.

It is true that raising frunds thru Venture Capital is hard due to the strict rules implemented but the good thing her is that it'll minimize or totally prevent weak projects from entering the market. On the other hand, STOs could also be a good option (personally, I think regulatory bodies will favor this over ICOs).