{"id":4438,"date":"2020-10-17T07:41:11","date_gmt":"2020-10-17T04:41:11","guid":{"rendered":"https:\/\/alfacash.blog\/?p=4438"},"modified":"2024-02-19T21:53:04","modified_gmt":"2024-02-19T18:53:04","slug":"%e7%b9%81%e8%8d%a3%e8%90%a7%e6%9d%a1%e7%9a%84icos%e8%b4%a7%e5%b8%81","status":"publish","type":"post","link":"https:\/\/alfacash.blog\/zh\/2020\/10\/17\/%e7%b9%81%e8%8d%a3%e8%90%a7%e6%9d%a1%e7%9a%84icos%e8%b4%a7%e5%b8%81\/","title":{"rendered":"ICO\u7684\u7e41\u8363\u4e0e\u8427\u6761\u548c\u5927\u91cf\u91d1\u94b1"},"content":{"rendered":"\n<p>Let\u2019s say you have a great product\/business idea right now, but you\u2019re kind of broke. Your great idea needs some fundraising and\/or investment to thrive, but\u2026 who do you ask for it? The bank? Too much red tape (and maybe you already have an unpaid credit). A crowdfunding platform? Perhaps that\u2019ll do\u2026 if you do enough marketing and pay the fees. That dubious lender you found on Facebook? It doesn\u2019t sound too good, indeed.<\/p>\n\n\n\n<p>Then, what? Is your nascent startup doomed to be just in your head forever? Not if the cryptocurrency world can do something about it. This is the main reason the Initial Coin Offerings (ICOs), Token Sales, or Crowdsales were born. &nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>So, what is an ICO?<\/strong><\/h2>\n\n\n\n<p>As the (second) name may suggest, the ICOs are a mechanism of fundraising, in which a company, organization, team, or individual (anyone, really) <strong>offers to the public an established quantity of new blockchain-based tokens for sale in a given period.<\/strong><\/p>\n\n\n\n<p>With the funds raised through this method, the author\/s of the project that is offering the ICO can complete the development of their product or idea. In exchange, the investors gain the unique tokens created for the ICO, which can be used later inside the future platform\/product or can behave (sort of) as a stock: if the project is successfully completed, the tokens will raise their initial value.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/10\/dices-over-newspaper-2656028_1280-1024x682.jpg\" alt=\"\" class=\"wp-image-4443\" srcset=\"https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/10\/dices-over-newspaper-2656028_1280-1024x682.jpg 1024w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/10\/dices-over-newspaper-2656028_1280-300x200.jpg 300w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/10\/dices-over-newspaper-2656028_1280-150x100.jpg 150w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/10\/dices-over-newspaper-2656028_1280-18x12.jpg 18w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/10\/dices-over-newspaper-2656028_1280-270x180.jpg 270w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/10\/dices-over-newspaper-2656028_1280-770x513.jpg 770w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/10\/dices-over-newspaper-2656028_1280-762x508.jpg 762w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/10\/dices-over-newspaper-2656028_1280-773x515.jpg 773w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/10\/dices-over-newspaper-2656028_1280-370x247.jpg 370w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/10\/dices-over-newspaper-2656028_1280-554x369.jpg 554w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/10\/dices-over-newspaper-2656028_1280-306x204.jpg 306w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/10\/dices-over-newspaper-2656028_1280-368x245.jpg 368w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/10\/dices-over-newspaper-2656028_1280-260x173.jpg 260w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/10\/dices-over-newspaper-2656028_1280-87x58.jpg 87w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/10\/dices-over-newspaper-2656028_1280.jpg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Image by Gino Crescoli from Pixabay<\/figcaption><\/figure><\/div>\n\n\n\n<p>To sum it up: is something very similar to the crowdfunding, but especially for startups, involving <a href=\"https:\/\/alfacash.blog\/2020\/08\/18\/what-is-cryptocurrency-why-should-care-reasons\/\" target=\"_blank\" rel=\"noreferrer noopener\">cryptocurrencies<\/a> and without barely any regulation or conditions worldwide. The only thing the ICO\u2019s devs should pay is the (usually very low) fees per transaction or smart contract. The latter would be necessary to lock the funds and distribute them among the investors in a fairer, transparent way.<\/p>\n\n\n\n<p><strong>Despite that, the team behind the project would be still in control of the funds in most cases<\/strong>\u2026 and that\u2019s the problem in most cases. Because, sadly, the ICOs are surrounded by bad ideas, mediocre platforms, aggressive marketing, and, in worst cases, frauds and exit scams. They\u2019re not regulated and this isn\u2019t only an advantage, after all.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>The boom: 2017-2018 crazy gold rush<\/strong><\/h2>\n\n\n\n<p>The first ICO was held in 2013 by Mastercoin (now Omni), a platform based <a href=\"https:\/\/alfacash.blog\/2020\/08\/20\/how-buy-bitcoin-simple-steps-nice-recipe\/\" target=\"_blank\" rel=\"noreferrer noopener\">on Bitcoin<\/a> that enables the creation of new cryptocurrencies and assets. To date isn\u2019t very known and its success could be debatable. Although, just a year after that, would come the Ethereum ICO (yes, Ethereum was born from there).<\/p>\n\n\n\n<p>In a few years, that one would be the favorite <a href=\"https:\/\/alfacash.blog\/2020\/08\/30\/dummies-what-is-blockchain-how-it-works\/\" target=\"_blank\" rel=\"noreferrer noopener\">blockchain<\/a> to launch ICOs, but, by then, the initial project received around 18M dollars in BTC for the sale of Ethers (ETH), their native token. The (lucky) investors <a href=\"https:\/\/icodrops.com\/ethereum\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">bought them<\/a> at 0.31 USD per unit, while, to date, the price is almost 400 USD per unit. And, of course, they can use the ETH inside the Ethereum blockchain to pay transaction fees, write smart contracts, or build new Decentralized Apps (Dapps).<\/p>\n\n\n\n<p>During their first four years of existence, the ICOs didn\u2019t raise much of a stir. One here, another there; with modest revenues. <strong>And then, out of the blue, they exploded: projects with barely a white paper raising millions in few days (or even minutes),<\/strong> around 50 ICOs launched per month, the Ethereum blockchain saturated because of the high volume of them (something similar to <a href=\"https:\/\/alfacash.blog\/2020\/09\/09\/how-to-make-thousands-dollars-defi\/\" target=\"_blank\" rel=\"noreferrer noopener\">DeFi projects now<\/a>) and an awful lot of FOMO (Fear of Missing Out) worldwide.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"700\" src=\"https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/10\/businessman-4819445_1280-1024x700.jpg\" alt=\"\" class=\"wp-image-4445\" srcset=\"https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/10\/businessman-4819445_1280-1024x700.jpg 1024w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/10\/businessman-4819445_1280-300x205.jpg 300w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/10\/businessman-4819445_1280-150x103.jpg 150w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/10\/businessman-4819445_1280-18x12.jpg 18w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/10\/businessman-4819445_1280-263x180.jpg 263w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/10\/businessman-4819445_1280-753x515.jpg 753w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/10\/businessman-4819445_1280-743x508.jpg 743w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/10\/businessman-4819445_1280-370x253.jpg 370w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/10\/businessman-4819445_1280-554x379.jpg 554w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/10\/businessman-4819445_1280-306x209.jpg 306w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/10\/businessman-4819445_1280-358x245.jpg 358w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/10\/businessman-4819445_1280-260x178.jpg 260w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/10\/businessman-4819445_1280-87x59.jpg 87w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/10\/businessman-4819445_1280.jpg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Image by Tumisu from Pixabay<\/figcaption><\/figure><\/div>\n\n\n\n<p>Current successful projects came from there. Sirin Labs (blockchain <a href=\"https:\/\/alfacash.blog\/2020\/08\/26\/easiest-guide-top-up-phone-cryptocurrencies\/\" target=\"_blank\" rel=\"noreferrer noopener\">mobile phones<\/a> \/ +150M), <a href=\"https:\/\/alfacash.blog\/2020\/10\/16\/new-filecoin-mainnet-here-price-market-cap-skyrocket\/\" target=\"_blank\" rel=\"noreferrer noopener\">Filecoin<\/a> (blockchain storage \/ +200M), Tezos (+250M) and the historical EOS (Smart contracts \/ +4.2B), by example.<\/p>\n\n\n\n<p>However, marvelous scams also cooked easily amid the excitement. <strong>One of them was Vietnam\u2019s Modern Tech, which offered two ICOs for their investors.<\/strong> <a href=\"https:\/\/vietnamnews.vn\/society\/426102\/666m-lost-in-massive-cryptocurrency-fraud.html#XqsYZdxhz54w1ufg.97\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">They promised<\/a> extraordinary Return of Investments (ROI) for two (useless) tokens: Pincoin and iFan. When they raised around 666M dollars, they just flee away with all the money. It was the greatest scam of its time and still fills a position at the top. Yikes.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>The bust and Crypto Winter<\/strong><\/h2>\n\n\n\n<p>Winter is coming, they say. That crazy rhythm couldn\u2019t last forever, so, the snow (and the blood) caught the market by the end of 2018. As <a href=\"https:\/\/www.coindesk.com\/the-crypto-winter-is-here-and-we-only-have-ourselves-to-blame\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Michael Casey<\/a> said at the time: \u201cBitcoin is now down roughly 75% from its highs, ether is off about 90% and the overall token market capitalization is 80% lower\u201d.<\/p>\n\n\n\n<p><strong>Some countries (like China and South Korea) totally banned the ICOs <\/strong>and these started to have systematical legal problems worldwide. The U.S. Securities and Exchange Commission <a href=\"https:\/\/www.scribd.com\/document\/354711758\/SEC-Report?irgwc=1&amp;content=10079&amp;campaign=Skimbit%2C%20Ltd.&amp;ad_group=78380X1529106Xc0020d979ed5d9fd37b0647b4d4f09cd\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">esta<\/a>blished that every token promised as a future investment would be regulated as financial security, and their issuers would need to adhere to the official rules (and costs) to get a license.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"767\" src=\"https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/09\/lady-justice-2388500_1280-1024x767.jpg\" alt=\"\" class=\"wp-image-4132\" srcset=\"https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/09\/lady-justice-2388500_1280-1024x767.jpg 1024w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/09\/lady-justice-2388500_1280-300x225.jpg 300w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/09\/lady-justice-2388500_1280-150x112.jpg 150w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/09\/lady-justice-2388500_1280-16x12.jpg 16w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/09\/lady-justice-2388500_1280-240x180.jpg 240w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/09\/lady-justice-2388500_1280-687x515.jpg 687w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/09\/lady-justice-2388500_1280-678x508.jpg 678w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/09\/lady-justice-2388500_1280-370x277.jpg 370w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/09\/lady-justice-2388500_1280-554x415.jpg 554w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/09\/lady-justice-2388500_1280-306x229.jpg 306w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/09\/lady-justice-2388500_1280-327x245.jpg 327w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/09\/lady-justice-2388500_1280-260x195.jpg 260w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/09\/lady-justice-2388500_1280-87x65.jpg 87w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/09\/lady-justice-2388500_1280.jpg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>The European Securities and Markets Authority (ESMA) delivered a <a href=\"https:\/\/www.esma.europa.eu\/sites\/default\/files\/library\/esma71-99-649_press_release_ico_statements.pdf\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">similar conclusion<\/a>, stressing that \u201cfirms involved in ICOs should give careful consideration as to whether their activities constitute regulated activities. Any failure to comply with the applicable rules will constitute a [punished] breach\u201d.<\/p>\n\n\n\n<p>According to <a href=\"https:\/\/research.bloomberg.com\/pub\/res\/d28giW28tf6G7T_Wr77aU0gDgFQ\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">a study<\/a> by ICO advisory firm Statis Group, <strong>78% of 2017 ICOs were identified as scams<\/strong>; while <a href=\"https:\/\/greyspark.com\/charting-the-growth-of-cryptocurrencies\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">another research<\/a> conducted by GreySpark Partners revealed that almost 50% of the ICO projects failed by 2018, for one or another reason.<\/p>\n\n\n\n<p>In 2019, as indicated by research firm <a href=\"https:\/\/www.cbinsights.com\/research\/report\/blockchain-report-2020\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">CB Insights<\/a>, the ICOs fundraising dropped 95% year-over-year. While 2018 gave them 7.8B dollars, in the next year the ICOs only raised 371M. Considering all the exit scams, bad reputation, second-rate projects, and regulations, this probably was the only possible outcome.<\/p>\n\n\n\n<p>There\u2019s even <a href=\"https:\/\/alfacash.blog\/2020\/09\/05\/time-some-entertaining-books-cryptocurrency\/\" target=\"_blank\" rel=\"noreferrer noopener\">a book telling that story<\/a> from the point of view of the ICO issuers (a bunch of students).<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>The ICOs money<\/strong><\/h2>\n\n\n\n<p>As we said before, a great part of the raised funds just disappeared due to bad projects or frauds. The rest are in hands of exchanges, devs, and lucky investors, who managed to buy at really cheap rates cryptocurrencies and products that now are high-valued.<\/p>\n\n\n\n<p>If we check <a href=\"https:\/\/icobench.com\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">ICObench<\/a>, an ICO tracker online, <strong>we\u2019ll notice that the total funds raised are around 27B dollars, while there are +5.7k published projects<\/strong>. &nbsp;But there\u2019s a trick in there: a good part of it aren\u2019t exactly ICOs, but IEOs (Initial Exchange Offerings).<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"574\" src=\"https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/10\/chart-1905225_1280-1024x574.jpg\" alt=\"\" class=\"wp-image-4446\" srcset=\"https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/10\/chart-1905225_1280-1024x574.jpg 1024w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/10\/chart-1905225_1280-300x168.jpg 300w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/10\/chart-1905225_1280-150x84.jpg 150w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/10\/chart-1905225_1280-18x10.jpg 18w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/10\/chart-1905225_1280-270x151.jpg 270w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/10\/chart-1905225_1280-770x432.jpg 770w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/10\/chart-1905225_1280-906x508.jpg 906w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/10\/chart-1905225_1280-900x505.jpg 900w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/10\/chart-1905225_1280-370x208.jpg 370w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/10\/chart-1905225_1280-554x311.jpg 554w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/10\/chart-1905225_1280-306x172.jpg 306w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/10\/chart-1905225_1280-260x146.jpg 260w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/10\/chart-1905225_1280-87x49.jpg 87w, https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/10\/chart-1905225_1280.jpg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Image by Csaba Nagy from Pixabay<\/figcaption><\/figure><\/div>\n\n\n\n<p>That\u2019s kind of the same as an ICO, but they\u2019re launched only by regulated exchanges, who cherry-pick the projects by asking the devs for documents, requirements, and fees. That way, the ICO issuers need to apply for a chance to be listed as IEO, and the fraud it\u2019s far way more difficult. &nbsp;<\/p>\n\n\n\n<p>You can say the IEOs are the natural evolution of ICOs. But we <a href=\"https:\/\/alfacash.blog\/2020\/09\/07\/getting-rich-wrecking-most-popular-cryptocurrency-myths\/\" target=\"_blank\" rel=\"noreferrer noopener\">learned a good lesson<\/a> from those times: all that glitters\u00a0is\u00a0not gold. And most of the bets are lost, so, never invest something you can\u2019t afford to lose.<\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p class=\"has-text-align-center\"><em>Wanna trade\u00a0BTC, ETH,\u00a0and other tokens? You can do it<\/em>\u00a0<em>safely\u00a0<a href=\"https:\/\/www.alfa.cash\/buy\/bitcoin\" target=\"_blank\" rel=\"noreferrer noopener\">on Alfacash<\/a>! And don\u2019t forget we\u2019re talking about this and a lot of other things on our social media.<br><br><\/em><a href=\"https:\/\/twitter.com\/alfacash_crypto\" target=\"_blank\" rel=\"noreferrer noopener\">Twitter<\/a>\u00a0*\u00a0<a href=\"https:\/\/t.me\/AlfacashCommunity\" target=\"_blank\" rel=\"noreferrer noopener\">Telegram<\/a>\u00a0*\u00a0<a href=\"https:\/\/www.instagram.com\/alfacashstore\" target=\"_blank\" rel=\"noreferrer noopener\">Instagram<\/a> * <a href=\"https:\/\/www.youtube.com\/channel\/UCOl4fdRHj8AseQ5b6z9udaw\" target=\"_blank\" rel=\"noreferrer noopener\">Youtube<\/a>\u00a0*<a href=\"https:\/\/www.facebook.com\/alfacashstore\" target=\"_blank\" rel=\"noreferrer noopener\">Facebook<\/a>\u00a0\u00a0*\u00a0<a href=\"https:\/\/vk.com\/alfacashcrypto\" target=\"_blank\" rel=\"noreferrer noopener\">Vkontakte<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u521d\u59cb\u4ee3\u5e01\u53d1\u884c\uff08ICO\uff09\u57282017-2018\u5e74\u671f\u95f4\u7ecf\u5386\u4e86\u5de8\u5927\u7684\u7e41\u8363\uff0c\u4f46\u8fd9\u4e0d\u53ef\u80fd\u6c38\u8fdc\u6301\u7eed\u4e0b\u53bb\u3002\u5230\u76ee\u524d\u4e3a\u6b62\u53d1\u751f\u4e86\u4ec0\u4e48\u4e8b\uff1f<\/p>","protected":false},"author":5,"featured_media":4447,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_sitemap_exclude":false,"_sitemap_priority":"","_sitemap_frequency":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_ef_editorial_meta_date_first-draft-date":"","_ef_editorial_meta_paragraph_assignment":"","_ef_editorial_meta_checkbox_needs-photo":"","_ef_editorial_meta_number_word-count":"","footnotes":""},"categories":[48],"tags":[61,107,150,148,149,101],"class_list":{"0":"post-4438","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-learn","8":"tag-cryptocurrencies","9":"tag-ethereum","10":"tag-fundraising","11":"tag-ico","12":"tag-ieo","13":"tag-investment"},"featured_image_src":"https:\/\/alfacash.blog\/wp-content\/uploads\/2020\/10\/Boom-and-bust-of-ICOs-and-their-secrets-scaled.jpg","author_info":{"display_name":"Isabel P\u00e9rez","author_link":"https:\/\/alfacash.blog\/zh\/author\/isabel\/"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.9 (Yoast SEO v27.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Boom and bust of ICOs and a lot of money - alfa.cash blog<\/title>\n<meta name=\"description\" content=\"The Initial Coin Offerings (ICOs) had a great boom in 2017-2018, but that couldn&#039;t last forever. What&#039;s happened to date?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/alfacash.blog\/zh\/2020\/10\/17\/\u7e41\u8363\u8427\u6761\u7684icos\u8d27\u5e01\/\" \/>\n<meta property=\"og:locale\" content=\"zh_CN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Boom and bust of ICOs and a lot of money\" \/>\n<meta property=\"og:description\" content=\"The Initial Coin Offerings (ICOs) had a great boom in 2017-2018, but that couldn&#039;t last forever. 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