logo
Plus   Neg
Share
Email

Crypto Expert Predicts The End Of ICOs; Advent Of STOs

cryptoexpert-jan22-lt.jpg

Bitcoin and Blockchain technology expert Sean Brizendine said he believes the world is watching the end of initial coin offerings (ICOs), and moving towards the Securitized Token Offerings (STOs).

"The STOs will dominate the market place and eventually do away with the ICOs. We are currently experiencing a cleaning up of the Market," said Brizendine, who is a certified IIB Council blockchain professional.

He made the remarks while presenting expert opinion on the ICO Market Weekly Review, a weekly research data published by Icobench about the ICO market and the blockchain community.

The ICO Market situation is going through a huge change, according to him.

The current situation is that anyone could run an ICO. They would not need to register their Tokens, they could sell to anyone, and either choose to honor their contributors or in a lot of cases just disappear. This has caused a near 95 percent failure rate in the overall ICO Market, Brizendine estimates. "That is completely unacceptable and gives a horrible name to the CryptoBlockchain Industry as a whole," he added.

The man who calls himself "a Bitcoin Evangelist for life" predicts that by December this year, the bitcoin industry will be cleaned and purged of its bad actors through both self policing and traditional enforcement.

In his opinion, by that time Blockchain Industry most likely would have grown with 300 million more people embracing the technology. "Bitcoin should reach $100k USD per Bitcoin by then and we will have a possible Ethereum Killer App
released," according to Brizendine.

There will be new Quantum Blockchain Technologies with superior security measures built into their Blockchainchain and friendly UIs, he added. "ICO Bench will still be the Gold Standard when it comes to Blockchain and Crypto Projects Ratings," he said.

For comments and feedback contact: editorial@rttnews.com

Follow RTT