Winnie Lingham: ICOs are not the same as they used to be

At the Blockchain Expo 2017 conference, held recently in Silicon Valley, a well-known investor Vinnie Lingham gave advice to those who are going to start ICO. Vinnie believes that here comes the end of the crazy time, when a certain team that appeared from nowhere about a couple of months ago could have collected several million dollars with a beautiful idea and well-written “white paper” only.

The present-day ICO investor carefully examines the Linkedin profiles of the team members, considers the projects they have been involved in and monitors their activity in social networks. That is all due to the tremendous growth of competition in the ecosystem. In September some cryptocurrency market participants were complaining that 65 ICOs a week is too much, but everything is relative: already in November 20 ICOs per day have been launching. Therefore, despite the fact that the funds invested in blockchain projects continue to grow, the share for each ICO decreases. Vinnie says that currently the actual amount of funds that can be raised during a successful ICO is $8–10 million. Moreover, investors prefer investing in the projects which already have the product and which are raising funds for its further development.

So it should be noted that Descrow fully meets the market requirements: the market is becoming more and more selective, it needs only promising projects of high quality. For it is absolutely unacceptable to waste time with scam when there is tough competition in place. And our project is fully devoted to the goal of finding and supporting qualified ICOs.

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