Popularity of ICOs for fundraising from "summary" of Digital Gold by Nathaniel Popper
The rise of ICOs as a method of fundraising has been nothing short of meteoric in the world of cryptocurrencies. In just a few short years, this new form of crowdfunding has taken the industry by storm, allowing projects to raise millions of dollars in a matter of minutes. The appeal of ICOs lies in their simplicity and accessibility - anyone with an internet connection and some cryptocurrency can participate, making it easy for both small investors and large institutions to get involved. One of the key reasons for the popularity of ICOs is the lack of regulatory oversight compared to traditional fundraising methods like IPOs. This lack of regulation means that projects can raise funds quickly and easily without having to jump through the hoops of compliance that traditional fundraising methods require. This freedom has attracted a wide range of projects to the world of ICOs, from ambitious star...
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