Summary

The methods of how tokens were created and sold in ICOs during 2016 and 2017 were varied, experimental, and creative. There were very few standards or patterns initially, as each ICO team experimented with the number of tokens to create, how many to distribute to their community of supporters and how many to withhold for various other purposes.

In this chapter, we learned that presale bonuses were usually a given but with insatiable demand, pre-ICOs were created, which then escalated to private sales. The rush was on to get in as early as possible, in order to essentially be able to flip or sell the tokens as soon as they hit the exchanges for a quick profit.

We learned that uncapped ICOs were frowned upon by the community, hard caps became the norm and soft caps should really be called a minimum threshold or goal. With the frantic rush in 2017 and big whales gobbling up tokens like plankton in the South China Sea, inventive ways were formed to try to decentralize token holders.

Now...