Howdy Steemians!
Today I would like to share a quote which I've created this evening.
Ever Heard about ICO?
ICO stands for initial coin offering which is an unregulated means of crowdfunding. Early ICO's were for funding development of new cryptocurrency instruments, but modern ICO's serve any purpose.
Recently, CoinDash another ICO which was hacked yesterday which caused loss of $7 million of Ethereum.
CoinDash had posted on twitter that the website is hacked...
Source: http://www.cnbc.com/2017/07/17/coindash-website-hacked-7-million-stolen-in-ico.html
Here is a link to that tweet:
I just went through the replies and I was like people have really invested huge amount in this and now everything is gone...
Don't know but somehow I've created a Quote regarding the ICO.
STUPIDITY IS TO INVEST IN ICO'S WHERE GREEDINESS OVERCOMES THE GENUINE LITTLE PROFIT YOU EARN WITH OTHER LEGIT COINS!
I would personally suggest your to stay away from ICO's and save your hard Earned money instead of getting scammed.
Even if you are still investing in ICO then just ask a question why ICO and why not the other legit coins?
I'm sure that you'll get your Answer ;)
I'm not saying that every ICO is 100% Scam! But most of them are and you should be smart enough to filter them to save your money!
If you found this post helpful then do share it with your friends and make them aware about ICO's and feel free to resteem this post :)
Thanks for Reading!
Have a Great Day!