Logically speaking, there is no good reason (except speculative), why a token should start trading before its underlying network, protocol or application is live. Yet, we are seeing tokens starting to trade, mere days or hours after the initial sale completion,…10 Things I Don’t Like About ICOs18510William MougayarJeffrey CarterFollowJul 23, 2017 · 1 min readThis would be similar to a “lock up period” in equities, or lack of an option market to hedge.