How much money is actually raised during ICOs? Market cap is based on marginal p... | Hacker News

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		Aunche on March 14, 2018 \| parent \| context \| favorite \| on: Google bans cryptocurrency ads How much money is actually raised during ICOs? Market cap is based on marginal pricing, so it's completely meaningless in a cryptocurrency.

brightball on March 15, 2018 [–]

I always wonder who actually validates the money when somebody says they raised $20 mil in a private ICO. What keeps people from just claiming that to make other investors more willing and give an appearance of legitimacy?

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