1 Level
6 Review
5 Karma
Review on ICON by Madeleine Herbert
With such an auspicious project idea, a great backing team, pre-established…
With such an auspicious project idea, a great backing team, pre-established company relations, and genuine innovations to the space, one can wonder what the actual negatives are for this kind of ICO. Two main issues, do arise however – firstly, are their ICO terms. While they’re not the most unfair that we’ve seen in the blockchain space, they are essentially capping their project at 90 Million USD. Again, while this isn’t as bad as some other projects in the space, and when compared to titans such as NEO and Ethereum it’s a paltry pittance, it is still a generally larger funding amount than I would personally be comfortable with.
Pros
- ICON, being a Korean project, will also naturally receive plenty of benefits and boons to their platform when compared to more international projects (such as Ethereum, who even despite their generalized focus, is in talks with Russian government agencies – clearly there is a lot of national interest in blockchain platforms) will get an advantage in their marketing and market saturation side. Korea is also one of the largest cryptocurrency markets to date, and one can make a good guess that the prideful Koreans will buy ICX tokens readily and easily as they become available.
Cons
- With such an auspicious project idea, a great backing team, pre-established company relations, and genuine innovations to the space, one can wonder what the actual negatives are for this kind of ICO. Two main issues, do arise however – firstly, are their ICO terms. While they’re not the most unfair that we’ve seen in the blockchain space, they are essentially capping their project at 90 Million USD. Again, while this isn’t as bad as some other projects in the space, and when compared to titans such as NEO and Ethereum it’s a paltry pittance, it is still a generally larger funding amount than I would personally be comfortable with.
