this is a good post and in simple terms it's correct, but any serious ICO-funded projects, wouldn't just dump all their tokens?
it's the same as going bankrupt or something, there's hardly volume enough for 99% to sustain a dump, and when dev wallets start dumping, all trust is gone
No, don't misunderstand. A serious ICO project don't get fiat money to sustain business, they need to get it with selling tokens. No need to dump all coins or tokens immediatelly, just enough to pay monthly bills. But it's a question of time until the company has no more tokens left. This is the problem. Let's suppose that a specific ICO with good tech behind will grow and will earn fiat money or pushed into a real IPO. Then tokens are worthless anyway. Token holders won't get any shares from holding tokens, and IPO leads to stock investing. And if there is not a positive outlook, company goes broke - same problem, worthless tokens.
I need to dive more into the "utility" part of tokens, how they are in circulations, burned, utilized .... as some users exclude them from the logic path here, what I accept. From that point I include all tokens, which were only created to fund business. Those will definitely go to zero.
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