A Pre-Release Domain Auction is an Auction for a domain which has Expired but which can still be renewed or transferred out (restrictions apply.. see below) by the current Registrant. Usually these Auctions begin at most Registrars or Drop Catchers at around 35 days after expiry (varies with Auctioneer) and the domain has still not been renewed by the current Registrant.

The main venues for these auctions are either at a Registrar which has an Auction System, like GoDaddy, or at Snapnames/NameJet which have entered into agreements with some Registrars to be the sole Auctioneer for their Expiring Domain Names.

Usually the current Owner of these domains still has the right to renew the domain. But sometimes Registrars who have agreements with Snapnames/Namejet restrict these rights. GoDaddy is the most generous. Allowing transfer out (or renewal at Godaddy with a penalty) up to 42 days after expiry. You need to read each individual Registrars ToS to know the time they give you to renew the domain or then lose your ownership rights. ICANN says it should be at 45 days. But no significant Registrar follows ICANN rules, here.

GoDaddy is the biggest Pre-Release Auction Market on the planet by way of the fact they are by far the biggest Registrar. SnapNames/Namejet are 2nd and 3rd to GoDaddy, respectively. It is highly recommended that if you see a domain in a Pre-Release Auction Market you want, you should bid on it at that Auction and not anywhere else. ie: If it is at SnapNames then only bid on it at SnapNames because they control the domain. It is your first and best chance of obtaining the domain.

The biggest downsides are, 1) The existing registrant can still renew the domain, and will be motivated to do so if they see it has value. 2) It is a Public Auction, so you can be outbid by anyone joining the Auction.

The biggest upsides are, 1) You sidestep the Pending Delete Auction which is open to everyone (including Dropcatch/HugeDomains.) 2) You retain the original registration date (which I like personally. YMMV)

PENDING DELETE DOMAIN AUCTIONS

A Pending Delete Auction is an Auction for a domain which has entered the Pending Delete stage of it’s current registration. Almost dead and dropped.

Domains enter Pending Delete stage 75 days after expiry (46–75 days is the Redemption Grace Period, in ICANN speak). There is no coming back from Pending Delete. The domain will delete 5 days after it enters Pending Delete and will be available for re-registration the next day (day 6 after entering Pending Delete or 81 days after expiry).

These Auctions begin when the Domain hits Pending Delete status. It is a free-for-all when a domain drops. The company with the best drop catching system usually wins most drop-caches. This is DropCatch with over 500 registrars knocking on the Registry’s door.

The main venues for these Auctions are DropCatch, SnapNames, NameJet. There are a miriad of other competitors, but they are only bit-players. Bit players ocassionally get lucky and capture Pending Delete domains. Usually (not always) the domains nobody else wants.

There are no official statistics, but DropCatch probably captures at least 50% of all drop-caught domains. It could be a lot more. they are the Goliath of Pending Delete Auctions. The reason for this is mainly because their sister company, HugeDomains, wants to snap up all dropping domains which have any value, and to place them on their own Domain Marketplace for sale. Partnering with Dropcatch has, to date, been a very successful strategy for them. But we cannot see if this is profitable or not for them.

The previous Goliaths were SnapNames/NameJet, who held the position now held by DropCatch.

It goes without saying. If you are serious at wanting a domain, you should be backordering it at all 3 of these companies. backorders are free. You only pay if you win the domain. If you are the only backorderer at the capturing company, you win the domain outright.

Now this is where it become interesting because of the different policies of DropCatch to SnapNames/NameJet relating to more than one backorderer.

For SnapNames/Namejet, if there is more than backorder placed at their venue and they capture the domain, then the domain goes into a three day Private Auction. Highest bid wins the domain.

For DropCatch, if there is more than one backorder placed on a domain at their venue, and they capture the domain, then the domain goes into a 3 day Public Auction. Where anybody can bid on the domain.

Because everyone is used to the old system at SnapNames/NameJet where a domain goes to a Private Auction, they reel at the though that anybody can bid on a drop-catch with multiple bidders, if it is caught by Dropcatch. they feel cheated. But it is only the marketplace at work. Of course a Private Auction is preferred because the domain has fewer bidders, not everyone. But with DropCatch capturing the lions share of all drop-caught domains, they have chosen to hold Public Auctions, where prices are naturally bid higher than at Private Auctions. Some say too high. But in general, it is only being bid up to a price where another Domainer can still sell the domain and make a profit, in their opinion. Of course opinions between domainers vary about the price.

There is a twist to this DropCatch dropcatching. As as sop to other domainers, they have stated that HugeDomains would not be permitted to participate in any Dropcatch Auction. This of course is fine, until they are being bid up by other domainers

What is not so good, is they recently introduced a Discount Club, where HugeDomains have priority over any backorder. this is not good at all, as users of this service see most of their backorders being captured by HugeDomains. IMHO, you should never use their Discount Club and only participate in their full price backordering, which cuts out HugeDomains access to the domain. You still need to participate in the Public Auction if there was more than one backorder at DropCatch, if you want to capture the domain. The exception only would be if you are placed at the highest bidder and nobody else bid on the domain, which is quite rare.

Personally, I see DropCatch’s method of doing business as a paradigm shift. It’s not going away. Either embrace it or hate it. It will make flips harder because of the higher pricing, and will usher in longer hold times for domains. I actually like the fact I can poke my finger in the eye of HugeDomains (our biggest single competitor) by placing a full price backorder on DropCatch. Even if I don’t bid on any auction, and I just take the captures where I was the only backorderer. It’s peanuts in the big scale of things, but it gives me satisfaction

For domains which are not worth the $59 dropcatch fee. I usually backorder at Pheenix. They capture some but not all. With their recently added 100 drop-catch Registrars, they should become more competitive. But they have announced the same policy of as DropCatch of Public Auctions on domains with more than 1 backorder placed on their system, from Sept 19th 2015. This won’t suit everybody. But I believe it is the wave of the future. Some day, all dropcatchers will operate like this. IMHO.

CONCLUSION

For Pre-Release domains I only bid at the Auction House which has the domain up for Auction. Nowhere else works. GoDaddy, or SnapNames, or NameJet, or if the domain is registered at a Registrar which runs it’s own Auction House, eg Dynadot.

For Pending Delete domains which have value and desirability, I backorder at all three major players DropCatch, SnapNames, NameJet. For domains which I think won’t get picked up by any of these three, I use the cheaper drop-catcher, Pheenix. The hundred registrars they just added will make them very competitive in this section. I might even add them to my top three and see how many they catch.

“If you bought £650 of Bitcoin in 2010 it would be worth £27 million today.” Great. I may have missed the only opportunity to become a High Net Worth Individual (HNWI). Awesome.

There has never been a time when people talked more about Bitcoin or about crypto currency in general. A recent example of this sudden interest was when some high school friends asked me on Facebook if they should buy some Bitcoins — doesn’t it remind you of the Bitcoin spike in 2013?

In the latest newsletter of Social Capital, the questions “Is this really the critical next step we’ve been waiting for? Do regular people even understand the problem that the blockchain ecosystem is trying to solve?” were asked. I think it is just too early to tell. Could you have foreseen in 1973 that SMTP (aka email) would still be used in 2017 and that it would be one of the most important messaging protocols? I am pretty sure not.

Blockchain may not be the solution to all problems and it is very much still a technology looking to solve a problem. However, it does provide a solution to an increasingly centralised internet in which few private companies control/manage/share users’ data as well as make decisions on what users should see or not (I still don’t understand why my Twitter Moment looks more like the front page of the Sun rather than Wired. Could Blockchain help?).

However, I was stoked when a former high school friend asked me about ICOs “Are you long Augur?”. If you don’t know what an ICO or Token is, I would recommend you to read Thoughts on Tokens By Balaji S. Srinivasan and Naval Ravikant. Tokens solve the chicken-and-egg network adoption problem that most open source technologies face by adding a speculative ingredient called Tokens. Also, read Fat protocols by Joel Monégro and Fred Ehrsam.

As a VC / private investor, I find tokens super interesting. Tokens are open to all, with a revenue based on community momentum and have a proper liquid market. However, the lack of regulation, investor rights (Where is my founder vesting?) and code security implications seem to limit for the moment a broad adoption.

Like most people I read about Polychain, a crypto hedge fund started by Olaf Carlson-Wee (former Coinbase). However, I was surprised to find a long list of market participants in this new asset class. I created this landscape (see below) to provide a better understanding of the list of participants and their place in the ecosystem. I am sure I forgot names, missed a point etc… PLEASE LET ME KNOW IF YOU HAVE ANY COMMENTS / FEEDBACK.

Polychain example: Imagine you are USV, you have invested into Polychain Capital which invests through an exchange directly or via a market maker into protocols. Like any investors, Polychain can use market data, general research and ICO research for their due diligence. In addition, Polychain could ask for legal or financial advisors. Finally, they could also use the service of cold storage companies.

VCs Using Equity

VCs invest in blockchain companies in exchange of an equity stake. This is the ‘classic’ early stage investment. However, as others have pointed out investing in company building the protocol may not lead to a classic M&A or IPO as the network can grow on its own. These investors may decide to invest directly via tokens or use their equity stake to be closer to companies. Alternatively, some LPs may not be a fan of having tokens limiting the investment mandate of most fund.

• Fenbushi Capital (CN): Founded in 2015, Fenbushi Capital is the first China-based venture capital firm that exclusively invests in Blockchain-enabled companies.

VCs using a mix of equity and tokens

These are the the next-gen investors. Some invest directly in tokens as they believe that it will drive more returns than direct investing. Others also invest in crypto hedge fund. An interesting point is that the trio of investors USV, A16Z and BoostVC, have invested intro Polychain. This was one of the first times that VCs invested into a hedge fund.

• Winklevoss Capital (US): Winklevoss Capital is a family office founded in 2012 by Tyler Winklevoss and Cameron Winklevoss. The firm invests across many asset classes with an emphasis on providing seed funding and infrastructure to early-stage startups.
• BlueYard Capital (DE): BlueYard invests in founders with transforming ideas that decentralise markets, empower users and liberate data.
• Blockchain Capital (US): Blockchain Capital is a venture capital company that invests in blockchain related companies. It is headquartered in San Francisco, California.
• Digital Currency Group (US): Digital Currency Group is an venture capital company focusing on the digital currency market. It is located in New York City.
• Pantera (US): Pantera Capital is an investment firm focused exclusively on ventures related to blockchain tech and digital currency.
• DFJ (US): Draper Fisher Jurvetson is a California-based venture capital firm that funds companies in seed, early, and growth stages.
• Union Square Ventures (US): thesis-driven venture capital firm. It invest in networks, infrastructure for the new economy, and enablers of open, decentralized data.
• Boost VC (US): A family of founders making Sci-Fi a Reality.
• Andreesen Horowitz (US): Andreessen Horowitz backs bold entrepreneurs who move fast, think big, and are committed to building the next major franchises in technology.

Crypto Hedge funds

These are my favourite animals. Most of them started by investing in Bitcoin and then expanded into altcoins recently. Some of them with the most innovative approach to investing are Polychain Capital and Mestable. Both adopt a short term trading strategy coupled with a long term value. Moreover, they have an emphasis on code due diligence and security.

• Polychain Capital (US): Polychain Capital manages a hedge fund committed to exceptional returns for investors through an actively managed portfolio of these blockchain assets.
• BKCM (US): BKCM LLC is a global investment management firm specializing in Global Macro and Currency investing.
• The Token fund (RU): The Token Fund provides an opportunity for investors looking for the simplest way to get into the decentralised economy.
• MetaStable (US): Founded by Lucas Ryan, Joshua Seims and Naval Ravikant. It offers a concentrated portfolio of crypto assets that have the strongest chance of emerging as long-term winners across a wide basket of use cases (store of value, smart contracts, stable coin, prediction markets, anonymity, storage, new approaches to governance and consensus, etc.).
• Exagon Fund (US): Exagon’s vision is to create investment strategies that provide potentially high-yielding, uncorrelated returns in a world of low-yielding, correlated assets.
• Ether Capital (CH): Ether Capital typically invests at least 80% of its total net assets in large market cap high-yielding cryptocurrencies and initial coin offerings (ICO) of projects which has been approved by a team of experts.
• Solidus Capital (MX): We are a Hedge Fund specialized in Cryptocurrencies Investments focused in Latam’s Family Offices, VC and High Net Worth Individuals as investors.
• GABI (UK/JERSEY): Global Advisors (Jersey) Limited has created the first institutional-grade Bitcoin investment strategy (“GABI”).
• HyperChain Capital (SG): Since 2013, HyperChain is a digital assets hedge fund focused on blockchain based projects, decentralized protocols and ICO’s (Initial Coin Offerings).
• Crypto Fund AG (CH): Still on fundraising phase, the company is based in Zug and is planning to launch in Q4 2018 an index [see more info]
• Coinfund (US): A blockchain technology research company and proprietary cryptoasset investment vehicle.

HNWI / INDIVIDUAL TRADERS

It includes everyone such as Coinbase/Bitstamp/Bitfinex account and who is doing daily trading and holding strategy. It also includes your friend who bought Bitcoin four years ago and now is a millionaire.

Market Data

Just like Bloomberg, IHSMarkit or Thomson Reuters in the classic capital markets world, investors need data. These companies are some of the most used data providers in the Blockchain ecosystem:

• CryptoCurrency Market Capitalization
• Brave NewCoin: BNC delivers blockchain and digital-asset markets news, data, analysis, industry resources and a wide range of data solutions.
• CoinCap
• CoinGecko
• Coinhills

General Market Research

Similar to equity research and general research companies like Gartner or Frost. These firms are doing an awesome job of writing sector deep dives, company analysis… Some investment banks have also started to write some research but these three companies have the most IP.

• Coincenter: Coin Center is the leading non-profit focused on the policy issues facing cryptocurrencies like Bitcoin.
• Ark Invest (US): ARK Invest focuses solely on disruptive innovation and offers strategies to investors who seek to capture long-term capital appreciation and alpha.
• Smith + Crown (US): The leading source of original research, reporting and analysis for cryptofinancial markets, bitcoin, blockchain technology, and digital currencies.

ICO Market Research

With more focus on the ICO, these companies provide investors all the insights and knowledge needed in order for them not to miss the next hot ICO.

• ICORating (RU): ICOrating (icorating.com) is a rating agency that provides independent analytical research.
• TokenMarket: Trade and research tokens and cryptocurrencies. Organize crowdsales and ICOs.
• ICO Countdown: Gives spotlight to new crypto projects with a focus on crowdfunding methodology, also conducts due diligence to ascertain viability of these projects.
• ICO Altert Report: The trusted source for analysis of active and upcoming Initial Coin Offerings.

Protocols

A short list of some of the most well known protocols. Let me know if I missed any major one!

• Ethereum
• Zcash: Zcash is the first open, permissionless cryptocurrency that can fully protect the privacy of transactions using zero-knowledge cryptography.
• Blockstack: Blockstack is a new decentralized internet where users own their data and apps run locally.
• IPFS: A peer-to-peer hypermedia protocol to make the web faster, safer, and more open.
• Tezos: Tezos is a new decentralized blockchain that governs itself by establishing a true digital commonwealth.
• 0x: The Ethereum blockchain has become host to a variety of digital assets, with more being created every month.
• Litecoin: Global decentralised currency based on blockchain technology.
• Bitcoin: Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network.
• Dash: First self governing, self funding protocol.

Protocols investing in other protocols

These are interesting cats, equivalent to blockchain-VCs. However, they use distributed ledger technology to avoid the legal and LPs challenges that one may face when raising a tokens fund…

• Citizen Hex: An ethereum liquidity company.
• TAAS: Tokenized closed end fund that allows its investors to capitalise on the rise of blockchain markets.
• Iconomi: Technical service that allows anyone from beginners to blockchain experts to invest and manage digital assets.
• Tokens.vc: Only accept cryptocurrency, issue digital assets and use the wisdom of the crowd to direct actions and make investment.

Exchanges

List of some of the most important exchanges. Let me know which one is your favourite!

• Bithumb: Korea’s #1 Virtual Currency Exchange
• Coinone: Korean crypto exchange
• Poloniex: US-based cryptocurrency exchange offering maximum security and advanced trading features
• Gemini: The first U.S. exchange licensed for bitcoin and ether trading.
• Bitstamp: Licensed in Luxembourg crypto exchange
• Kraken: One of the most secured crypto exchange
• Changelly: Instant cryptocurrency exchange with clear interface that provides the best prices for Bitcoin, Litecoin, Ethereum and other altcoins.
• Bitfinex: One of the largest crypto exchane
• GDAX: Offers institutions and professionals the ability to trade a variety of digital currencies like Bitcoin, Ethereum, and more on a regulated U.S. based exchange. Part of Coinbase
• Shapeshift: Leading instant digital asset exchange, supporting dozens of blockchain tokens including Bitcoin, Ethereum, Monero, Zcash, Dash, Dogeco

Market makers

When you need to sell/buy a large bloc of Bitcoin you call these guys.

• Genesis Trading: Genesis Global Trading, Inc. is an institutional trading firm offering two-sided liquidity for digital currency, including bitcoin and ether.
• Binary Financial: Investment management company focused on providing superior returns for its clients and partners in the digital asset space.
• Cumberland Minding (DRW) (US): Cumberland is the leading OTC liquidity provider in the digital currency space (including Bitcoin). Cumberland is a subsidiary of DRW Trading, a prominent financial trading firm. As one of the few institutional trading firms in the digital currency space, Cumberland helps provide global liquidity to the overall ecosystem through competitive markets/prices.

Financial & legal advisors

Argon just helped to fundraise the $10m ICO of blockchain capital and is the equivalent of Goldman Sachs in the crypto world. The other two are some of the leading law firms providing legal advice to Blockchain companies.

• Argon Group: The only technology-first investment bank focused exclusively on the digital finance sector.
• Cooley: Marco Santori leads Cooley’s fintech practice, and is an authority in the law of blockchain technology.
• Perkins Cois: Law firm with a blockchain practice
• MME: Has assisted Ethereum (Protocol), Tezos (Protocol), Dfinity (Protocol), Interchain (Interchain of Protocols), Golem (Dapp), Melonport (Dapp), Lisk (Protocol), SingularDTV (Dapp), Wings (Dapp)

Cold Storage

When you need best-in class cold storage.

• Ledger (FR): Ledger Wallet is a smartcard based Bitcoin hardware wallet bringing maximum protection level to your bitcoins without sacrificing usability or control.
• Trezor (US): One of the first Bitcoin cold storage wallet.
• Cripto Facilities (UK): London-based financial services firm and provides risk management and trading solutions around digital assets such as bitcoin.

Thank you taking the time to read this post!

eosGAS have just released Alpha Wallet v1.1. This is a scam. Anybody who downloads and puts their private keys into this wallet will have their unstaked tokens stolen instantly.

This is the message they left on Telegram. Links has been blanked out with ########

“Alpha Wallet v1.1 !!! has been released!

Dear eosGAS supporters, As our operating platform and airdrop tokens distribution takes shape, we are pleased to announce that we have released the Alpha Version of the eosGAS Wallet for all windows users!

The eosGAS Alpha Wallet comes with an internal exchange feature that allows the exchange eosGAS tokens to other major crypto currencies including Bitcoins and Ethereum!

Download Wallet: ###########

While the product is still in the seminal stage, we are open to discussions, comments and opinions! A giveaway bounty of 100,000,000 eosGAS tokens will be given away to all Wallet users. Kindly send us your opinions: ######## “

The open to discussion bit made me laugh because comments in their telegram have been disabled.

(Photo by Ulrich Baumgarten via Getty Images)

The Securities and Exchange Commission yesterday offered investors 13 questions to help them sniff out trouble before using an online venues for buying and selling cryptocurrency products.

The wrong answers to these questions could indicate the trading platform doesn’t provide SEC investor protections and may be illegal, the regulator warned. Here are the questions to ask:

— Do you trade securities on this platform? If so, is the platform registered as a national securities exchange?

— Does the platform operate as an Alternative Trading System? If so, is the ATS registered as a broker-dealer and has it filed a Form ATS with the SEC?

— Is there information in FINRA’s BrokerCheck ® about any individuals or firms operating the platform?

— How does the platform select digital assets for trading?

— Who can trade on the platform?

— What are the trading protocols?

MORE FROM FORBES

— How are prices set on the platform?

— Are platform users treated equally?

— What are the platform’s fees?

— How does the platform safeguard users’ trading and personally identifying information?

— What are the platform’s protections against cybersecurity threats, such as hacking or intrusions?

— What other services does the platform provide? Is the platform registered with the SEC for these services?

— Does the platform hold users’ assets? If so, how are these assets safeguarded?

“To get the protections offered by the federal securities laws and SEC oversight when trading digital assets that are securities, investors should use a platform or entity registered with the SEC, such as a national securities exchange, ATS, or broker-dealer,” the Commission’s Enforcement Division and Division of Trading and Markets said in a joint release.

Fred Ersham was right with his predictions about the potential of app coins as September and October were truly the months of the ICOs. Among the successful ones were Firstblood, Antshares, SingularDTV, Blockpay and of course ICONOMI — to say nothing of dozens of less successful ICOs ranging from scams to wildly optimistic, but poorly presented ideas.

Ether.camp’s announcement of the 50 million USD ICO perhaps marks the age of peak ICO. While ICOs are an amazing method of funding great blockchain projects, this euphoria cannot last as it can lead to problems with projects failing and investors getting severely burnt.

This has caused several very cogent critiques of the current ICO model, resulting in certain projects moving towards greater transparency — for example, Gnosis promising to release code in advance and Golem openly discussing their business plan and whitepapers before ICO. Recent success of Golem’s ICO proves that transparency is the only right direction.

The ICO critics

Nick Tomaino commented that “the crypto market has set the bar shockingly low for entrepreneurs to raise money and this is dangerous for everyone involved” and set some guidelines for the ICO best practices — among them, a strong technical reason for the new protocol and token; clear and transparent communication between the team and the community; a beta version of the proposed platform to prove the ability to execute; a cap on funds; and a relatively high equity percentage for the team, but with delayed liquidity. He also remarked that “raising $5M on an idea is not wise”, with Erik Voorheesagreeing and calling the latest proof of #frictionlessfinance “incredibly speculative and risky”.

Daniel Zakrisson demonstrated the required level of due diligence ICOs should be subjected to in his analysis of the Kibo, Singularity, Golem,ether.camp and Inchain. ICOs where he evaluated the projects based on their teams, market potential, business plans, competition, valuation, legality and security.

Travis Scher analysed ICOs from investor’s perspective and found four issues that make investing in new tokens very unappealing compared to traditional VC investing: regulatory uncertainty, high valuations/over-capitalization, lack of controls, and lack of business use cases.

Other interesting viewpoints include ICOrating’s report on KIBO, Smith and Crown’s research of ongoing ICOs, a plea for more transparency for the investors on Reddit’s ICOcrypto subreddit, and scam of the week by Bitcoinerrorlog.

The ideal ICO

Combining the viewpoints above gives us the following elements for an “ideal” ICO:

1. Scam protection
2. Technology check
3. Proof of ability to execute
4. Business viability check
5. Efficient use of funds and business-based thresholds for minimum and maximum raise
6. A defined legal framework
7. A transparent ICO process
8. Escrow
9. Controlled release of funds
10. Delayed founder liquidity

The role of ICONOMI

Some might accuse ICONOMI of benefiting from these same lax rules when we raised over 10 million USD for our fund management platform — however, we believe that we have included the answers to most if not all of the challenges listed above and believe that this was the key to our successful raise.

But we face an immediate challenge: we have reserved a large part of that investment for the ICONOMI performance fund that will invest in ICOs. In evaluating potential investments we realised that we couldn’t agree more with the ICO criticism. As we have committed to creating a fund that will invest in ICOs but still offer protection to investors, we are forced to find a solution.

Brave new world

DAOs as an organisational form and ICO as a way of raising funds in an almost unregulated form are actually a part of the investment spectrum, with the classic startup and VC model representing the other end. William Mougayar, author of the definitive work on this topic “The Business Blockchain”, recently structured the key differences between both based on the return horizon, ownership model, entry phases, exit method, business model, legal structure, LP mix, fund currency and market approach. In recent blog-post same author points out:

I see the two models as diametrically opposed: one is a closed market, dominated by command-and-control practices, led by a few rich people on Sand Hill Road. The other is a widely open global market where anyone can play, and where the gains and risks are more evenly distributed.

What we need is a combination of the best of both worlds:

• Decentralisation elements: smart contracts, global fundraising, instant liquidity, simple issuing of dividends, simple voting, focus on vision and entrepreneurship and not on bureaucracy and formalities,
• VC elements: structure, coaching, evaluation, commitment, supporting functions (non-tech), milestones, investor protection.

ICO 2.0 — the ideal ICO?

At ICONOMI, we believe that we need to find a way that will enable entrepreneurs to focus on business and development, while providing a level of evaluation and investor protection. Right now, the world of ICOs is a beautiful chaos — but if we want to move the blockchain community towards the mass market and encourage new investment from more traditional investors, it’s time to grow up — at least a bit :)

We, the ICO investor community, should define basic standards and build best practices. This will help more projects to succeed, investors to profit and the ecosystem as a whole to improve.

Our team is working hard on addressing these challenges, but we would love to hear your thoughts, too!

More from ICONOMI ICO Fundamentals: