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It has already been three weeks since the launch of DIW’s ICO with just one week left to go – just enough time to seize this rare opportunity and join this unprecedented project! The entire team has been on constant alert for months now with quite a few kilos of coffee consumed on many endless meetings and sleepless nights! It has been a unique and amazing experience thus far and everyone is looking forward to the next stage that the project is about to enter.
There is a contrast of emotions though within the team. Excitement regarding its own project, but disappointment regarding many others and the industry in general. Unfortunately, ICO projects have made a bad name for the industry and for blockchain technology in general. Some have labelled cryptocurrencies, and especially ICOs ‘Ponzi schemes’, ‘fraudsters’, ‘mothers of all bubbles’, ‘criminal cyber-terrorism’, ‘greedy scams’ and many more.
The underlying reason is that most of the teams behind ICOs are just after quick money. They have no vision for the future, nor have they made any solid, or well thought out plans on how to proceed and how to implement the latest technology within their proposed product.
Furthermore, the teams who have actually made plans claiming to incorporate ground breaking blockchain technology, actually don’t. Blockchain is only utilised marginally and is not included in the core of their product. Blockchain is used just as an excuse that enables these teams to proceed with an ICO.
Additionally, it has been proven
