The ICO Era (2017) – Tokens as StocksBack in 2017, crypto was basically the Wild West of speculative investing. If you jumped on Twitter or Reddit at the time, you'd see endless debates about whitepapers, founders' backgrounds, and roadmaps promising huge future returns. People talked about tokens exactly like you'd talk about early-stage startup, only with less regulation and way more hype. The value proposition was always tied, at least somewhat, to the potential utility these tokens promis...

The ICO Era (2017) – Tokens as StocksBack in 2017, crypto was basically the Wild West of speculative investing. If you jumped on Twitter or Reddit at the time, you'd see endless debates about whitepapers, founders' backgrounds, and roadmaps promising huge future returns. People talked about tokens exactly like you'd talk about early-stage startup, only with less regulation and way more hype. The value proposition was always tied, at least somewhat, to the potential utility these tokens promis...