This morning i saw a post on kyber telegram channel that Chinese investors have been excluded from their crowdsale. I think this will have a serious effect on the ongoing ICOS . I hope they come out with a solution to this by just regulating the ICOS, truly a lot of icos are just out there to scam investor and will not fulfil a single promise they make or execute their roadmap.
This is quiet understandable... No US citizen and now no Chinese citizen can participate in ICOs. It should be the rule all over the ICO industry. If the project is worthy, investors will invest and not ordinary people who are easy to scam.
Interestingly, before this ICO mania, many altcoin projects managed to start and flourish without any upfront millions. DASH/Monero could start up without millions worth of ICO money, why can't the new token projects do the same? Maybe because they can't deliver anything apart of the shiny whitepaper?
