Too Long; Didn't Read
The year was 2017, every man and his dog were releasing the next generation of <a href="https://en.wikipedia.org/wiki/Distributed_ledger" target="_blank">Distributed Ledger Technolog</a>y. Promises of “world first, infinite scalability, privacy preserving” and every other marketing buzzword one could imagine. This phase in cryptocurrency history was that of the ‘Initial Coin Offering’ or better known as ICO. All made possible by the ease of creating an Ethereum <a href="https://en.wikipedia.org/wiki/ERC-20" target="_blank">ERC20</a> token to give speculators something to trade in secondary markets and project teams the ability to essentially print money.