Study Reveals Critical Information is Missing from ICO Whitepapers

[kreslik.news]

A study by the University of Luxembourg Faculty of Law, Economics, and Finance entitled “The ICO Gold Rush: It’s a Scam, It’s a Bubble, It’s a Super Challenge for Regulators” has decried the practice of holding ICOs as displaying some–but not all–of the characteristics of a “classic speculative bubble.” The study collected data from more than 100 of the 1000+ ICOs that have taken place over the last 18 months.

The study criticized the widespread practice of presales–at least 60% of the ICOs followed in the study had sold tokens “to a private investor group prior to the ICO.” ... (read more)