2017 was, without a doubt, the year that crypto trading and investing came out of the shadows and into the mainstream consciousness of everyone in the technology world, and beyond.
When my company, Civic, conducted a token sale back in June of this year, we had as many as 50,000 people waiting in a queue, to purchase our tokens, and we concluded a successful $33m token sale.
We were one of only a few dozen companies that had attempted to do anything like this, and at scale, where the tokens were sold to thousands of people, around the globe and we required everyone to use a Civic account to signup and make a purchase — which to some degree helped reduce the incidences of people buying multiple times and depriving others of the opportunity.
This resulted in around 10,000 people participating in our tokensale, which was in stark contrast to others that had maybe a few hundred. This allowed us to build a network effect for our product and engage with people who wanted to be a part of what we are building — the passion for the product has been overwhelming and we are still struggling to deal with the all the leads & opportunities that we are receiving from our network of token holders, who want to help us build the network and see the network succeed because they are a part of it.
Since then, raising money via ICO’s & token sales have reached epic proportions — over $3bn has been estimated to have been raised this year. I explained a lot of why this is just the beginning of a New Financial Revolution and Why Tokens are eating the World.
I’ve been in the fortunate position to be receiving some very exclusive deal flow in the crypto space, over the past 6 months in particular, and I have made some great investments with eye-popping returns in a short space of time. But, the space is becoming very crowded and unless you have the ability to do deep due diligence, understand the technology, the market, the team, and all of the various other factors that can impact investment success, investing in crypto is starting to look a lot more like a sport, where the professionals make money and the amateurs do not…
Source/More: Democratizing Crypto Investing – Vinny Lingham – Medium