Binance CEO support ICOs

[NileCoin ICO]

Changpeng Zhao, CEO of Binance, claimed that ICOs are the easiest way to crowdfunding and expressed his support for ICO.

Changpeng Zhao also said that ICO works better than the traditional one.

He stated that "ICO can raising fund 100 times easier than traditional mobilization."

Through my own experience and researching hundreds of projects, ICO do make fundraising easier and more efficient.

However, Zhao acknowledged that the current ICO model has yet perfected as there are frauds remained and the risk is still high. Still, it has already surpassed the traditional model in success rate. CEO Binance also believes that compared to traditional investment projects, the ICO has a higher success rate. ICOs is mostly for new projects and has high risk. But the difference here is that investors are aware of and willing to take the risk.

Zhao concludes that investors are gradually putting their bet on ICOs rather than the traditional one.

NilecoinTeam

[Hueristic]

Yeah he also listed Bytecoin on his exchange which is a well known 82% premined scam coin so yeah who cares what he says.

[IgorShumilo]

I think very soon we will see that Binance will become a platform for ICO) The leaders of Binance are like they will add to their stock exchange, they need the volume of trades and the commission they receive. It's just business!

[Lykiayng]

Of course, the heads of exchanges should support ICO projects that will enter cryptocurrency exchanges after the end of the ICO.

[haryatiposton01]

Hopefully with a positive statement from Ceo Binance will make investors and others make regulations about ICO to avoid fraud, I also hope Binance will be a platform for ICO-ICO, so I am sure ICO will continue to be sustainable.

[jrrsparkles]

Everyone have freedom to express their own opinions but we no need to make decisions based on this.

ICOs are good if it is legitimate but most of the time ICOs are turned to be a scam and evn if they completed their caps successfully many times they failed to list their token on exchanges so investing on ICOs are quite risky always.

[Azzhan]

Why not support ICO?
Because ICO is a very efficient means, the premise is that these ICO teams can use these funds effectively.

[jlanzago]

I actually would prefer an hybrid model, such as security tokens or those who actually provide a stake in the company. Selling millions of dollars for utility tokens can't be sustained in the future.