@legiondotcc
👉 4/ Since anyone could participate, projects attracted more than money… they attracted true believers.
Armies of legendary communities – the LINKMARINES, THORCHADS and SPARTANS – weren’t just invested in the projects they’d backed, they lived and breathed them.
👉 5/ With the light, came shadows.
Like fat rats, grifters emerged from the sewers promising blockchain solutions that would revolutionize the web and take down Google, Amazon and Airbnb in one fell swoop.
👉 6/ Lies piled on top of lies. “Founders” absconded with cash. Lawsuits and regulations ensued, and almost overnight, the Golden Age of ICOs was laid to rest.
Today, public crypto sales are a hollowed out shell of their former selves.
👉 7/ By the time early users and community members have access to invest, there’s little to no upside left.
The sales that do occur take place in a legal gray area. That attracts lower-quality projects desperate for capital.
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