Chapter Binance Labs hopes on the collapse of the bubble. ICO
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ICO If the bubble will burst, it will be a good sign for the industry of cryptocurrency. This is the position of the head Binance Labs Ella Jang reported . In her view, the large investors will come to the market only after the collapse of meaningless projects that collect tens of millions of dollars.
theICO projects hinder the development of cryptocurrencies
Zhang joined the Binance a few months ago. She believes that the market for crypts maintains bullish tone, as even now it is possible to observe the inflow of new investors. However, the bubble inflated ICO interferes with truly worthwhile projects to obtain financing.
We would like to witness the collapse of the ICO. Now on the market too much hype and unrealistic expectations. If the ICO bubble burst, the stock market can go really big money.
Zhang added that Binance struggling with Scam projects to this in the exchange unit was established Cryptocurrency Governance Initiatives (CGI). The main objective of the Department is to protect inexperienced investors from losing money.
Recall that the Fund Binance total capitalization of about a billion dollars. Their money Binance Labs will direct on investment in new projects. The volume of each attachment varies from one to ten million dollars. The exchange is also going to cooperate with twenty new CryptoRandom.
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