The trouble with so many Initial Coin Offerings (ICOs) has been that they are based merely on an idea. When an ICO is still just an idea, than despite an innovative and technologically sound concept, it still remains the equivalent to a concept on a drawing board. For it to be successful, it must have backing. Its developers must have a way to bring the idea to fruition. Most new ventures never get off the ground. Those that do face a monumental climb to profitability, from which most fall. Like speculating in penny stocks, when you buy ICOs that have no backing, the odds are against you.
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