You're reading from Blockchain Quick Reference

Product typeBook

Published inAug 2018

Reading LevelIntermediate

PublisherPackt

ISBN-139781788995788

Edition1st Edition

Languages

Solidity

Tools

Ethereum

Concepts

Blockchain

Authors (4):

Mariko Amekodommo

Brenn Hill

Samanyu Chopra

Paul Valencourt

View More author details

Issues with ICOs and blockchain projects

The ICO market is going through growing pains. As a global, mostly unregulated market, there are numerous issues and challenges that do not exist with traditional fundraising. There have been a number of criticisms of ICO projects.

Proof of product-market fit and traction

In more traditional VC-backed or bootstrapped projects, it would be necessary for a project to show value through some form of traction. Typically, this would involve having customers, revenue, and growth, if not profitability. However, with ICOs, the money is raised before most projects launch or show an MVP. In many cases, there is no proof of the team's ability to deliver whatsoever. Because of this, it is...

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Blockchain Quick Reference

Published in: Aug 2018Publisher: PacktISBN-13: 9781788995788

Authors (4)

Mariko Amekodommo

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Authors (4)

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