Too Long; Didn't Read
<a href="https://hackernoon.com/tagged/icos" target="_blank">ICOs</a> have taken a battering in recent months. Just by writing this article I tie myself in with a model that is now synonymous with ‘scam’. The problems are well-trodden. Project teams exploited them to raise capital quickly with no ability to deliver upon promises. Funds sprung up to take advantage, able to secure lucrative bonuses with little to no restrictions on selling. Exchanges charged outsized fees to list new projects, knowing that projects had both the resources and incentives to make a deal. Investors late to the party lost, and lost big.