Vitalik Buterin talked against ICOs that offer volume bonuses in his Twitter and asked users to ignore them.
Co-founder speaks that the main idea of cryptocurrency is to build the economy based on equality and fair without such so-called few that holds all the wealth.
Initial Coin Offerings raise more than $3 billion on their projects this year.
ICOs and token sales usually offer some time and volume-based bonuses. Buyers often get extra coins in the early stages of sales.
One Twitter user reproached Vitalik Buterin’s tweet because Etherium ICO also offered bonuses.
Protip: if an ICO does volume bonuses ("buy at least $50000 of coins, get 20% more") then they do not understand the first thing about the egalitarian spirit of crypto (or at least, the egalitarian spirit that I believe crypto *should* have). Skip them.
— Vitalik Buterin (@VitalikButerin) 20 November 2017
Vitalik answered that those time-based bonuses were acceptable but nevertheless he disagree with all the decision Ethereum ICO made in 2014.
The main idea of ICOs was to help skillful teams with their great ideas to get through easily, but it didn’t become a trend, especially by teams which couldn’t raise their funds using traditional methods.
Also the discussion began about the transparency of operations, fund usage and achievements teams working on projects got. In contradistinction to original companies and startups, ICOs are not the ones which can be regulated and few token holders can say about how such project progress.