Too Long; Didn't Read
Initial Coin Offerings (ICOs) were all the rage this summer raking in an ungodly amount of money that made entrepreneurs, advisors, and celebrity endorsers lots of money. The issue is that for every great opportunity, there are a dozen fake scams trying to take your money, and both good and bad are advertised on popular websites that list upcoming ICOs. However, that doesn’t mean there isn’t money to be made. With the SEC still slow to respond to this paradigm shift with clear guidance and rules, there is a small window to make outsized gains through investing “speculating” on ICOs. Below are the essential questions I believe every investor should ask before contributing to an ICO: