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Antitrust: Web3, DAOs, ICOs & Protocols

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CHAPTER

Icos - The Cryptocurrency Equivalent of an Ipo

Investors in solana, for instance, have made it killing. Solana initially raised three point one seven million dollars by selling 16 % of its tokens in a seed sale at four cents per token. Although some of the i c os have yielded massive returns for investors, many have turned out to be frauds. There are numerous ways that people are getting scammed by the iceos. Icos first popped up around two thousand 17, with an explosion of these scam projects. One report said that 20% of the icos that launched in 20 17 were actually scams.

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