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