State of the ICO Landscape
In this article, we — the marketing team at Hash Rush — want to look at what relative newcomers to the space should know before committing their cryptocurrency to investing in an ICO. This is not a ‘what is an ICO?’ article, nor does it cover tips to run a successful ICO, which we wrote about last month.
Rather, in this article we focus on people who want to participate in ICOs — giving a few pointers and suggestions to help you on your way, and providing a brief introduction to the regulatory framework currently in the works.
An overview of the ICO landscape
There’s been an absolute explosion of ICOs over the last few months: ICO celebrities have emerged, stories of 100x gains, overnight millionaires and all the rest. You know, the kind of stories that attract people hoping to mimic the same success. Who doesn’t want quick, easy money? But as a good friend said to me, “ICOs are easy money. But easy money doesn’t stay easy for long”. This was around the first week of January, and his prediction has come true way earlier than we expected. But more on that later…
Proponents and people to follow
Money attracts money, and crowds attract crowds. Proponents in the ICO space publicly showing their gains attract both. The most notable is now arguably the world’s first ICO celebrity, Ian Balina, who has made a huge contribution to fueling the ICO frenzy. Balina had 45,000 YouTube subscribers when we started researching this article. He now has 99,773 and counting. Similarly, he had 50,000 Twitter followers during this article’s first draft. That figure is now at 119,000.
Regardless of your opinion of him, it’s worth following Balina on Twitter — not the least because his tweets can make or break a crowdsale. It’s not uncommon to see him tweet positively about an upcoming project, increasing the project’s Telegram subscriber count by tens of thousands overnight. He also reviews ICOs on his YouTube channel. His method, while a little conservative for some, clearly works.
If you want to broaden your landscape, also check out these other prominent ICO-focused YouTubers:
- Crush Crypto (25,000 subscribers)
- Coin Bloq (18,780 subscribers)
- TheGobOne (11,846 subscribers)
- OhHeyMatty (10,959 subscribers)
Source/More: The ICO Gold Rush is Here – Hash Rush – Medium