However, with the past several months seeing ICO campaigns raise around $200 mln, a new danger is in town - the health of the Blockchain that underpins the entire operation.
“There are some serious issues that may occur, even with large campaigns, that may disable the entire Ethereum Blockchain,” KICKICO, a platform dedicated to helping projects launch ICOs without the associated risk, explains.
A hint of this ‘disabling’ already exists. During one week in June, which saw no fewer than three multimillion-dollar campaigns on Ethereum, a rush of investment transactions resulted in severe delays and volatility across the asset’s network.
Of these three campaigns, one of them - Civic - even chose to make investors wait in a nonlinear queue to avoid mad rushes.
In developing his platform, meanwhile, KICKICO founder and CEO Anti Danilevski hopes that Blockchain fundraisers will be able to compete with traditional options such as Kickstarter without fear of technical vulnerabilities.
“We consider all fiat-currency crowdfunding platforms to be our competitors,” he told Cointelegraph in written comments.
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