The danger of new ICO coins

Practically half of the ICO’s launched last year have already failed and become worthless despite raising over $104 Million. A gentle reminder as always that ICO’s are a dangerous game aimed at targeting newbies to the crypto scene with the promise of ‘undervalued’ crypto’s worth merely pennies with bonuses for buying at the ultimate seed stage of the ICO.

Just because it’s cheap doesn’t mean it’s your golden ticket, very often most of these companies have copy & pasted whitepapers with zero intention to ever build a real product and business. Due to their unregulated methods of Fundraising, most investors lose everything when the organisations commit an exit-scam. Researching cryptocurrencies in depth (spanning weeks) and awaiting proof of product development before parting with your money is one of the best advices I can offer after being years-deep in this market