The Resurgence of ICOs: Crypto Projects Should Return to the Principles of Decentralization and High Risk-High Return

The cryptocurrency industry has become one of the fastest-growing networks in human history, mainly based on three reasons:

1. The government has been captured by large enterprises, big tech, and other interest groups, and decentralization has become the antidote to combat the extreme concentration of wealth and power.

2. Bitcoin and its derived blockchain are groundbreaking and magical technologies that have proven to be one of the most resilient currency systems.

3. The value growth of blockchain-driven encryption currencies and tokens has made users wealthy, forming a strong cryptocurrency community.

However, since the end of the ICO frenzy in 2017, the mechanism of encryption capital formation has deviated from the path of triggering community greed. High valuations, low circulating supply, or venture capital-backed token models have taken their place, but have performed poorly in this bull market. Ordinary investors are deterred by high prices and ultimately become the bag holders.

In contrast, Meme coins spread virally through the internet, providing ordinary speculators with an equal opportunity for capital formation. Although Meme coins have no real value, investors accept high risks in pursuit of financial dreams.

The problem with venture capital tokens is that their selection criteria often rely on whether the founders fit a certain stereotype rather than their actual cryptocurrency expertise. This has led to a homogenized environment that is disconnected from the expectations of ordinary retail investors.

The ICO model allows any team to showcase projects to the crypto community and obtain funding support without intermediary control. It provides opportunities for diverse projects, allowing those willing to take high risks to potentially achieve the highest returns.

With technological advancements, ICO is making a comeback in new forms:

• Token issuance and trading speed is faster
• Higher liquidity
• The user interface is more user-friendly
• The processing capacity of the blockchain has significantly improved.

In order to bring ICO back to its peak, the encryption community needs:

• Reject projects supported by venture capital with high valuations and low liquidity.
• Reject tokens that are listed at high valuations on centralized exchanges
• Reject the promotion of irrational trading behavior

Although ICOs are very risky, they are still the only way for ordinary investors to achieve huge returns. Let's create frenzied support for new projects through ICOs again, giving investors the possibility to acquire immense wealth.