|
April 27, 2018, 01:00:28 AM |
|
That said. Such scam model does post a few business opportunities.
To begin with, PR agency. In traditional VC world, some projects pour their VC money to advertisement in the subway or on the highway. That's because 1, it's easy money, and 2 they don't know how else to spend it wisely. Same thing applies to ICO projects. Most projects have business plans that can hardly be realized in 5 years, e.g. space, health care related, remittance, peer to peer energy transaction, etc. If you look at the team, most of them are young people with not enough working experience, let along industry expertise. So what do they do with the easy money they raise? Doing PR. CNBC, Bloomberg, Huffington Post, Business Insider, most of such media can be bought, and that's what the projects do.
Another place where honest people can make some nickel from the projects are events organizing companies, conferences, summits, hackathons, developer contests... You name it. Same reason as above. Because compared to concrete project development, those shallow PR marketing events are easy to execute and good to market. Consider them as fillers of an story. But when one story has nothing but fillers, it's an empty story.
In most regions, a large amount of ICO money flows to the exchanges. USD 2-5m. Exchanges at certain region will list any shitty coins as long as they pay enough dow.
More honest opportunities include developer training, recruitment service and third party app development.
But, when there is hype, there is the end of the hype. And we are almost there.
|