NgeBlog Now -
NgeBlog Now - Nick Szabo (Nakamoto Satoshi) did non solely exercise the showtime P2P electronic currency that made anonymous in addition to unregulated transactions a possibility in addition to only he too inspired thousands fraudsters to usage his open source Bitcoin code to exercise a novel cryptocurrency inwards less than 2 hours and thence usage the ethereum network to run an “Initial Coin Offering (ICO)” crypto-crowdfunding drive in addition to sale these worthless cryptocurrency tokens for millions of dollars to non-techy investors!
NgeBlog Now - For those who don’t know what ICO is:
NgeBlog Now - An initial money offering (ICO) or initial currency offering (derived cast initial populace offering (IPO)) is a agency of crowdfunding centered approximately cryptocurrency, which tin endure a root of working capital alphabetic lineament for startup companies.
NgeBlog Now - In an ICO, a quantity of the crowdfunded cryptocurrency is sold to investors inwards the cast of "tokens", inwards central for legal tender or other cryptocurrencies such every bit bitcoin or ethereum. These tokens are promoted every bit futurity functional units of currency if or when the ICO's funding destination is met in addition to the projection launches.
NgeBlog Now - — interview to CNBC, founder of Wikipedia, Jimmy Wales said:
NgeBlog Now - “..there are a lot of these initial money offerings which are inwards my reckon are absolute scams in addition to people should endure very wary of things that are going on inwards that area.”
NgeBlog Now - — Jimmy Wales
NgeBlog Now - ICOs bubble has grown thence big since 2017 that companies similar Facebook, Google, Twitter, Mailchimp, LinkedIn, Chinese Search Engine Baidu, Russian Search Engine Yandex in addition to platforms similar Chinese Weibo in addition to Japanese Line has banned ICO in addition to cryptocurrency advertisements on their platforms inwards order to protect their customers against cryptocurrency scams in addition to frauds.
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