More from @FredWilson

Legitimate ICO projects have the following characteristics:

  1. A relationship between the amount of money being raised and the complexity of the project.
  2. A very clear use case that requires the decentralization approach brought by blockchain technology.
  3. A reasonable valuation based on the size of the opportunity being pursued.
  4. A credible team.
  5. The technology has been built, at least to a point where it is demonstrable.

 

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