ICOs are dumb.

For a little context, an ICO is an initial coin offering. In essence, it is selling equity or ownership in a company. It is similar to an IPO, initial public offering, but with some major differences. There is mountains of paperwork and regulation that goes into an IPO. Some firms specialize in working with companies seeking to go public and help them meet the requirement ( I even worked at one of these). Some of the minimal requirements is audited financials, finding an underwriter ( like Goldman Sachs, JP Morgan, Morgan Stanley, etc) , registration with the SEC and many others.

I mean, in some ways undercutting underwriters is cool, but at the same time, underwriters and other parties in the IPO process have an important role. In my opinion, the auditors play a huge role. Now, as an auditor, I’m probably a little biased. But with an ICO there is no guarantee what you are getting into. There are not required financial statements, let alone audited ones, as anyone can offer an ICO. In addition, there is not assurance the ICO is even in compliance with the law.

When auditors give an opinion on an IPO, it is a huge deal. Normally a party needs to be privy to sue. But in the case of an IPO if there is a material misstatement, anyone who experienced a loss can sue.

ICO also have be totally ridiculous. This has to be the craziest one I have ever seen. Literally they are advertising flying cars.

Speaking of which, here is a referral link to an ICO

In the past, I haven’t had much benefit from this, I tried signing up at Wcex.

But as far as I can tell, it didn’t work. The website doesn’t remember the account I made with them.

And don't forget. There with btc price dropping, now is the time to get involved!

Here it is on amazon! https://www.amazon.com/dp/B06XV3P3QD