ICO Today Magazine News
With the exploding interest in the blockchain project last year, the market has been overheatedandtheearlyinvestors gainedhugeamountofprofits. The supporters of cryptocurrency, who believed that the glory of the past would last, were still enthusiastic about the new projects. It was relatively easy to attract a lot of money with the simple publicity such as distribution of a simple businessplan and a whitepaper with low feasibility and even without a demo version or proven business model and also with a rumor that it will be listed on a famous exchange and has a strong partnership. Numerous developers, businessmen, and professors have begun planning new ICO pro jects with corporations overseas. The fact that no one asks or assumes responsibility for the rationale of the funds raised by the development teams and the amount of funds they have collected for development has further fueled the market oversupply of new coins.