Kickstarter won't work with ICOs

ICO total investments almost reached $ 4 B, while Kickstarted helped to raise $ 3.04 B
14 December 2017   1407

Kickstarter, the largest crowdsfinding platform, is not going to support the investment model of the initial coin offering (ICO). This is reported by CoinDesk.

The answer is 100 percent a very firm no. Kickstarter's mission is to help bring creative projects to life. Kickstarter is committed to the arts. (ICO is) not something we looked into or will look into.

Kickstarter Spokeperson

Launched in 2009, the platform for all of its existence helped raise $ 3.04 billion for various creative projects, according to official statistics. For comparison, according to CoinDesk ICO Tracker, to date, the total investment in the ICO area was $ 3.8 billion.

In addition, in 2015, Kickstarter changed its legal status to a "public corporation" after a wave of accusations that the site is only interested in making a profit.

This is a relatively new type of registration, which is suitable for companies pursuing socially important goals and simultaneously responsible to shareholders. One of the three co-founders of the platform in the past compared its shares to "ownership of the rights to a popular song."

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CFTC to Issue ICO Investor Advisory

Before buying coins, you need to thoroughly study their nature and understand what factors can affect their price, CFTC advises 
17 July 2018   120

The US Commodity Futures Trading Commission (CFTC) published a document with recommendations for potential investors in ICO projects and token buyers. This is reported by Coindesk.

The agency's document says that before buying coins, you need to thoroughly study their nature and understand what factors can affect their price.

Also, a potential buyer should remember that, depending on the structuring, some tokens can be derivatives, commodities or securities.

Buying digital coins or tokens only because you expect to sell them at a higher price later is the definition of speculation and carries considerable risk, regardless of how good a white paper, application or business plan sounds. Unfortunately, fraud is another significant risk to consider. Your best protection is to thoroughly research digital coins or tokens and exercise caution. 

CFTC ICO Advisory

The guide also states that before investing in the ICO, it is necessary to find information about the organizers of the project, and also to find out whether they themselves participate in their  ICO.

Representatives of the agency also refer to the study, according to which more than 50% of ICO start-ups ceased to exist during the first four months after the end of the token.