The Resurgence of ICOs: Encryption Projects Should Return to Their Roots

The success of the cryptocurrency industry is attributed to three key factors: resistance to government capture, revolutionary technology, and the greed inherent in human nature. However, in recent years, changes in capital formation models have led the industry away from its original vision. Venture capital-backed high-valuation tokens fail to deliver substantial returns to ordinary investors, which contradicts the original intention of cryptocurrency to allow people to "get rich overnight."

In contrast, Meme coins, although lacking actual value, align more with the spirit of encryption due to their egalitarian capital formation mechanism and high-risk, high-reward characteristics. Venture capital tokens overly rely on the founders' backgrounds while neglecting the importance of technology and community. ICOs combine viral spread and technological potential, providing funding support for globally influential projects.

ICOs are making a comeback as the entire industry has gone through a complete cycle. Thanks to technological advancements, issuing and trading ICO tokens has become faster and more convenient. Emerging platforms like Pump.fun and Spot.dog are lowering the barriers to entry, attracting more ordinary users. In the future, the low costs and high performance of blockchains such as Ethereum and Solana will further promote the development of ICOs.

However, investors need to remain vigilant, rejecting venture capital projects with high valuations and low circulation, as well as tokens that are listed at high prices on centralized exchanges. Although ICOs carry risks, they offer ordinary investors the possibility of obtaining substantial returns. Let us reignite the community's fervent support through ICOs and return to the original intention of encryption.