Who said that ICOs are dead?

[bbc.reporter]

This public ICO has raised $42 million in under 4.5 hours. This might imply that the another cryptocoin bull market is beginning, I reckon. The pumps are returning hehehe.



Blockchain project Avalanche raises $42 million in a public token sale

Blockchain project Avalanche, spearheaded by Cornell computer science professor Emin Gün Sirer, raised $42 million in a public token sale last week.

The amount was collected in just under 4.5 hours on July 15, AVA Labs announced on Wednesday. There were 72 million Avalanche (AVAX) tokens available for sale, and investors from 100 countries grabbed all of it. Some of the funds also came from Ethereum’s Genesis address.

Read in full https://www.theblockcrypto.com/linked/72597/blockchain-project-ava-raises-42-million-in-a-public-token-sale

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[bitmover]

The amount was collected in just under 4.5 hours on July 15, AVA Labs announced on Wednesday. There were 72 million Avalanche (AVAX) tokens available for sale, and investors from 100 countries grabbed all of it. Some of the funds also came from Ethereum’s Genesis address.[/i]

Read in full https://www.theblockcrypto.com/linked/72597/blockchain-project-ava-raises-42-million-in-a-public-token-sale

Very punctual ICO. I don't know and never heard of this project, but it for some reason called investors attention.
In 2017 every project was a success, being a scam or not. Those days are over (gladly). ICOs are not dead, but they are not that easy money as they used to be... which is good.

[bbc.reporter]

@bitmover. Also, the news article mentioned that some of the investment came from Ethereum's genesis address. Is that where the premine is? Does this imply that this project has Vitalik and the Ethereum Foundation's approval?

This project might become the real Eth2.0 hehehe.

[ancafe]

Very punctual ICO. I don't know and never heard of this project, but it for some reason called investors attention.
In 2017 every project was a success, being a scam or not. Those days are over (gladly). ICOs are not dead, but they are not that easy money as they used to be... which is good.

I also have never heard of this project. however, if this is true, then I feel that the advertising and promotion of the team to look for investors is truly extraordinary. I think there is still enough potential for ICO to develop out there. it's just that it takes hard work and also confidence in order to attract investors.

[YOSHIE]

In 2019 and until 2020 many ICO projects have emerged that are irresponsible, there are tens / hundreds, in the end many have failed halfway, very bad for now.

But if what the OP says has a point in the future, the opportunity for other cryoto prices, the greater the possibility that prices can go up like Bitcoin has a good impact.

I hope that in the future investors, who invest in certain ICOs can return, without doubt I hope so, this year can be a perfect crypto year.

[aprilnot]

for a project that is focused on development and has an experienced team, I think it will always work. but look at it in general, more than 90% of new projects released from 2017 have not really survived. and it's normal if everyone thinks the ICO period is over. and I also doubt that this project will survive in the future. It might seem convincing at the moment, but in the past there were many potential projects that died because they were not strong enough to accept market pressure. the project also has the opportunity to follow in its previous footsteps.

[Python Master]

I guess it's the only one successful ICO this year. Anyway congratulation to AVA Labs this successful public token sale. I wonder to know why i didn't hear any news about  AVA Labs before? Because with this success, itmust have a big marketing campaign and it's name will coverage around social media channels and crypto & Blockchain websites.

[aioc]

The amount was collected in just under 4.5 hours on July 15, AVA Labs announced on Wednesday. There were 72 million Avalanche (AVAX) tokens available for sale, and investors from 100 countries grabbed all of it. Some of the funds also came from Ethereum’s Genesis address.[/i]

Read in full https://www.theblockcrypto.com/linked/72597/blockchain-project-ava-raises-42-million-in-a-public-token-sale

Very punctual ICO. I don't know and never heard of this project, but it for some reason called investors attention.
In 2017 every project was a success, being a scam or not. Those days are over (gladly). ICOs are not dead, but they are not that easy money as they used to be... which is good.

Never get crossed this project maybe because I am not looking anymore because I;m not looking on ICO anymore, they do not make an appeal anymore after 2018, I guess it all goes down to the project, people are familiar with it, the developers are well known, it's hard to launch a project when people behind it are unknown and with no reputation to speak off.

[Synaesthesia]

In 2019 and until 2020 many ICO projects have emerged that are irresponsible, there are tens / hundreds, in the end many have failed halfway, very bad for now.

But if what the OP says has a point in the future, the opportunity for other cryoto prices, the greater the possibility that prices can go up like Bitcoin has a good impact.

I hope that in the future investors, who invest in certain ICOs can return, without doubt I hope so, this year can be a perfect crypto year.

This year is not a good year for you to invest in this market and certainly the current ICO projects have great risks. I am not sure about the future of this market because the market situation is very unpredictable and the bear market has not ended yet. However, in the past few months, the market has become a lot better and this is a great opportunity for you to accumulate some coins available in this market.

[Helex]

ICOs are not dead but i afraid to invest in ICOs because i invest lots of money in TIP blockchain ICO and still there is no update till far so i decided to not invest in Any ICOs.

[sandos]

ICOs are not dead but i afraid to invest in ICOs because i invest lots of money in TIP blockchain ICO and still there is no update till far so i decided to not invest in Any ICOs.

In my opinion, ICO projects are now scams because we don't know for sure what they will do when the project ends. What people are most worried about is the waiting period will be very long and not sure when that coin can be listed at the big exchange. I usually only buy when the coin is safe for me because it is the safest way to guarantee my profit when investing.

[cryptoaddictchie]

Very punctual ICO. I don't know and never heard of this project, but it for some reason called investors attention.

Here is their official thread posted by Hhampuz https://bitcointalk.org/index.php?topic=5245143.0

Its really call out the attention of users. Even me, I joined their token sale and luckily I had few investment.

This project might become the real Eth2.0 hehehe.

Could be. Vitalik even mentioned on his tweet, that avax is equal on legality of bitcoin. Even the mainnet not release yet. There are IOU trading on AVAX futures already on two exchanges.

https://www.coingecko.com/en/coins/avalanche-iou#markets

[livingfree]

Never heard of it until you have posted this ICO. I'd say that ICOs are truly dead but if a project comes in like this, they are waking up from the grave. 

Ok time for the ETH 2.0 to come out and break this record within hours.

[Gunday_07]

I heard avalanche put DeFi success to shame, well that's impressive for an ICO project but we still on same old problem which is 'trust', and that's what ICO still can't give investors, unlike IEO projects which investors trust more because of top exchanges

[DoubleEdgeEX]

No wonder that went so well, check out who is supporting them: https://cointelegraph.com/news/galaxy-digital-and-bitmain-lead-ava-projects-12m-private-token-sale

"Avalanche protocol is designed to provide an open-source platform and a layer 1 protocol for launching decentralized finance applications and enterprise blockchain solutions." quote - So the 312th project who intends to do that, but hey, if you have a "name" on board you can get funded for the biggest BS

[Skinny48]

Wow that's so cool, I've never heard about this project before but judging from the team behind the project it will surely attract lots of big whales and big investors, this is a true definition of crypto professionals, they've been into blockchain even before Bitcoin, what do you expect?

[Bitbtc8]

This is another high quality project on par with Bitcoin and Ethereum, people noticed that and they grabbed themselves some bags, if I have heard or seen this project I wouldn't want to miss out on the sale for sure, project like this is very rare

[jahepahit]

this is indeed a good sign that probably the good old days will return soon. the project must be a very credible one to have raised such a funds like this under 5hrs. this is a good news. it simply has the trust of people.

[Santri]

I had never heard of this and I was surprised to see the amount they had collected, and maybe this was the beginning where ICO would come back to life

[BitTraderCute]

I had never heard of this and I was surprised to see the amount they had collected, and maybe this was the beginning where ICO would come back to life

this is could not be trigger for another ICO will follow their success. i heard AVA lab in ICO analisys and looks like they prepare project well. moreover the founders expert in computer science.  i am sure it will not be main indicator or parameter for ICO in this year. only qualified project will attract investors like AVA did.