ICO Boom Mechanics After Bancor & Tezos
Code: NT-102
Tags: #ico #ethereum #fundraising
Language: en
Field Notes
Telegram rooms jumped from dozens to thousands of members overnight, and token sale calendars became a daily ritual. Contributors compared gas price strategies and wrote quick scripts to batch transactions the moment a sale address opened.
Market Read
ETH hovered around $200–$300, but flows into ICO wallets dwarfed secondary-market liquidity on some days. Tezos, Bancor, and Status each raised tens of millions in minutes, creating the expectation that every new protocol could command similar attention.
Technical Moves
Standardized ERC-20 contracts, on-chain caps, and Dutch auction mechanics were iterated in public repos. Projects experimented with KYC/AML wrappers, while some teams quietly negotiated SAFT allocations for funds to avoid gas wars.
Open Questions
Would the SEC classify these offerings as securities en masse? How would teams manage treasury risk once they held more ETH than they planned to spend? Could contributors enforce roadmaps after sending irreversible funds?