Who said that ICOs are dead?

[rahmatullah9305]

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

Do not be surprised because something is new, and for ICO I think it will be difficult to return because all investors already lack trust in ICO, so it is very difficult to restore, because restoring the trust of many people is very difficult.

[Herbert2020]

ICOs died about 2 years go by the end of 2017 when people started catching up and realize the scam that has been happening and how much money they lost by not knowing it. just because some project seems to have raised a lot of money it doesn't change that fact.

did you know one of the main reasons for ICOs have been money laundering?
it is being swept under the rug but it is true. they simply create some garbage token, spend a little money creating a pretty website and some advertisement so that it "looks legit" and then launder their own dirty money into that garbage and get clean money out with very little cost and possibly even some profit as some newbies might also participate!

[miklesm]

Avalanche had raised a huge amount of money in short time which gives a hope the new ICO era is coming. Actually, there are some top projects going to hold ICOs this year, so will see.

[WannaCry]

I have heard about this project because they have a community platform that if you did the activity there is an equivalent point and reputation and can exchange to avax or ahx

[LazerPanther]

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

This is just one of the exceptions. Because this project is supported by many famous people and there are many investment funds, so it has attracted a lot of attention from everyone. Out of 100 ICOs, I think only 1-2 ICOs can raise capital at the moment

[TimeTeller]

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

There are big companies backing it, so there's no surprise that they can raise good amount even on their public sale.
Because if people saw how much they raised during this private token sale and the companies behind it, this project will really be attractive to them.
However, this case is I think isolated. Very few blockchain projects can pull it off during ICO these days.
If you don't have private sector backing your project, very hard to raise funds via ICO.

[Psynthax]

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

This is just one of the exceptions. Because this project is supported by many famous people and there are many investment funds, so it has attracted a lot of attention from everyone. Out of 100 ICOs, I think only 1-2 ICOs can raise capital at the moment

Isn't that the same happening to projects in real life aswell. out of many, usually only very few are legit and that alone could means ICO are not really dead but just some good quality projects are hard to come by mainly because the good projects already exist or people already smart enough to ignore some of the bad quality projects. If that's really the case I think that totally fine.

[Retainly_Collie]

Avalanche had raised a huge amount of money in short time which gives a hope the new ICO era is coming. Actually, there are some top projects going to hold ICOs this year, so will see.

The ICO will only succeed if it is a really good project and supported by the large organizations in this market. Currently there are a lot of ICOs running but they can't even increase their budget to $ 10k. because investors are not interested in ICOs, they only focus on IEO and the leading altcoins in this market.

[carlisle1]

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

Sorry to  say this  but not because the company or the team claiming that they gather such amount meaning that the project are legit right?
Because we have known from the past that there are fake investors from the team just to make  their project interesting but in the end ?scam is what investors  get.

I have heard about this project because they have a community platform that if you did the activity there is an equivalent point and reputation and can exchange to avax or ahx

have they already pay single account?
sorry but i think we must prove first that they are paying before letting them become legit looking right?
after so  much scammer and fooling in this forum?sorry but we are not that assured that ICo is still healthy and legit.

[trauchot]

Most companies that conduct ICOs cannot raise any money at all, and if the company that conducts the ICO is very popular and has well-known developers and if this company has well-known partners, then such company can easily raise a huge amount of money through ICO.

[Hypnosis00]

Most companies that conduct ICOs cannot raise any money at all, and if the company that conducts the ICO is very popular and has well-known developers and if this company has well-known partners, then such company can easily raise a huge amount of money through ICO.

Then it might come out that this Avalanche project is lucky enough to accumulate such amount for just a few hours of selling.
I don't think it was difficult to generate that if that project is having market potential and investors will look that different from the other ICO projects.
But the question is how they can sustain their market position and have a long term market demand? Because if there is nothing, not for sure this project will rally for a long time. I'm afraid it will be like with many ICO out there that it slowly dying.

[suryana]

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

I am not sure if ICO project can come back to life as before, I didn't hear the name this project before in this forum, did their developer not post about their project here? Or Maybe Dev already knows if the members of this forum no longer trust for ICO project.

[bussybuddy]

Most companies that conduct ICOs cannot raise any money at all, and if the company that conducts the ICO is very popular and has well-known developers and if this company has well-known partners, then such company can easily raise a huge amount of money through ICO.

That's right, as long as they have many partners and support companies, I believe they will easily succeed in this market. For small projects without partners, I believe they will never succeed with an ICO. ICOs don't really die but it no longer receives interest from investors

[Rowenta]

That's impressive but I believe that this project became successful because of the team popularity, they've been in the blockchain business from scratch, if any project try to use ICO to raise fund just because AVA raised 42million

[masterrex]

I don't believe that ICO's are dead, instead, it was level up and implemented with added combo meaning ICO' and IEO was combined to make more effective in raising funds and I believe its working, and because of this results, I think investors are just observing precautionary measures to avoid being scam but still looking for promising projects to invest. thats what I believe.

[robattfield]

That's impressive but I believe that this project became successful because of the team popularity, they've been in the blockchain business from scratch, if any project try to use ICO to raise fund just because AVA raised 42million

Perhaps this is the only ICO this year that can raise $ 42 million. Also I don't see any other projects that can do so, others can raise $ 1-2 million but they quickly turned into scams and disappeared from this market.

[Febo]

Also, the news article mentioned that some of the investment came from Ethereum's genesis address. Is that where the premine is?

Addresses where coins were send in Etehreum ICO. So few people that invested in Etehreum ICO will invest in this ICO. Could be Emin Gün Sirer ETH.

[Mulann2]

Well I guess good projects are still able to raise funds despite all the bad things that have been said about ico, people should understand that the problem is not with ico but the people behind the project, now this project have raised such huge funds through ico, hopefully they utilize it well.

[umbara ardian]

Although the ICO is still not completely dead, there aren't too many successful ICO projects this year. Most new projects have gone to IEO to ensure project safety and to gain the confidence of investors in this market.

[danherbias07]

And who said we are in pandemic and don't have the money?
This is not just good news but a crazy one.

Avalanche is an open-source platform for launching highly decentralized applications, new financial primitives, and new interoperable blockchains.

I have seen same feature ICO's but didn't went well.
While in this one there is a big difference with the market attack.
It's just better if you have the right connections.