ICO季節達到頂峰，投資者預計數位資產融資將激增

隨著多頭市場的到來，新的 ICO 熱潮正在興起，貝萊德 (BlackRock) 和富達 (Fidelity) 等大額機構投資者的進入就是標誌。儘管人們對 Bitconnect 等過去的騙局持謹慎態度，但這種復甦的特點是盡職調查、合規性、投資者可及性和可靠回報的加強。然而，懷疑依然存在，因為市場可能仍會目睹以模因幣狂熱和其他新穎投資工具形式出現的騙局和騙局。

As ICO Season Reaches Its Zenith, Investors Anticipate a Surge in Digital Asset Fundraising

隨著 ICO 季節達到頂峰，投資者預計數位資產融資將激增

Amidst the bustling event season, investors eagerly anticipate a surge in Initial Coin Offerings (ICOs), signaling a transformative period in the digital asset fundraising landscape. This impending ICO boom is poised to mirror the conventional financial ecosystem, fueled by an influx of large-scale investors, including reputable institutions such as BlackRock and Fidelity, who are increasingly committing substantial funds to digital assets.

在熱鬧的活動季節，投資人熱切期待首次代幣發行（ICO）的激增，這標誌著數位資產籌款格局的變革時期。即將到來的 ICO 熱潮將反映傳統的金融生態系統，受到大規模投資者湧入的推動，其中包括貝萊德和富達等信譽良好的機構，他們越來越多地向數位資產投入大量資金。

This time around, the fundraising surge will be driven by advancements in real-world asset tokenization, the emergence of DePIN (Decentralized Physical Infrastructure Network) and AI (Artificial Intelligence) solutions, as well as innovative developments in DeFi (Decentralized Finance), particularly layer-2 solutions and ZK rollups.

這次，融資激增將由現實世界資產代幣化的進步、DePIN（去中心化實體基礎設施網路）和AI（人工智慧）解決方案的出現，以及DeFi（去中心化金融）的創新發展推動，特別是Layer-2 解決方案和 ZK rollups。

The Crypto Industry's Lessons from Past Failures

加密產業從過去的失敗中學到的教訓

The tumultuous events of 2022, exemplified by the collapse of FTX and Celsius, left many prominent investors reeling from financial losses. The cryptocurrency industry continues to grapple with the aftermath of those events, reflected in investors' hesitancy to plunge headlong into another round of potentially imprudent fundraising.

2022 年發生的動盪事件，以 FTX 和攝氏度的崩盤為代表，讓許多知名投資者遭受了財務損失。加密貨幣產業仍在努力應對這些事件的後果，這反映在投資者猶豫是否要一頭扎進另一輪可能不謹慎的融資中。

Moreover, the ICO boom of 2018 stands as a stark reminder of its ultimate failure. Characterized by minimal due diligence and a reckless influx of VC funds into various projects, that era cast a long shadow over the industry's reputation.

此外，2018 年的 ICO 熱潮清楚地提醒人們其最終的失敗。那個時代的特點是盡職調查最少，創投基金不計後果地湧入各種項目，給該行業的聲譽蒙上了很長的陰影。

In 2018, over $7 billion was poured into ICOs, often based on mere conversations at cryptocurrency events. Unfortunately, the most notorious accounts were those of fraudulent schemes, forever tarnishing ICOs with the stigma of scams. The infamous Bitconnect Ponzi scheme, which lured investors with promises of exorbitant returns and ultimately inflicted losses of $2.4 billion, remains a cautionary tale. As a result, investors approach ICOs with lingering apprehension as the next bull market approaches.

2018 年，超過 70 億美元的資金投入 ICO 中，而這些資金往往僅基於加密貨幣活動中的對話。不幸的是，最臭名昭著的帳戶是欺詐性帳戶，它們永遠給 ICO 蒙上了欺詐的污點。臭名昭著的 Bitconnect 龐氏騙局仍然是一個警示故事，該騙局以過高的回報承諾吸引投資者，並最終造成 24 億美元的損失。因此，隨著下一個多頭市場的臨近，投資者對 ICO 仍心存疑慮。

Despite Cautions, an ICO Boom is on the Horizon

儘管謹慎，ICO 熱潮即將來臨

Despite these concerns, signs of a resurgent ICO boom are unmistakable. CryptoRank reports a two-year high in monthly token sales, while RootData has documented a surge of 52% in VC investments in crypto projects between February and March.

儘管存在這些擔憂，但 ICO 熱潮復甦的跡像是顯而易見的。 CryptoRank 報告稱，每月代幣銷售量創兩年新高，而 RootData 記錄，2 月至 3 月期間，加密貨幣項目的風險投資激增 52%。

Nevertheless, investors have learned their lessons from 2018, and new projects seeking funding will face heightened scrutiny from both investors and regulators. This will result in a higher likelihood of survival and fewer monetary losses. The upcoming ICO boom will operate with greater organization and adhere to stricter due diligence protocols.

儘管如此，投資者已經從 2018 年吸取了教訓，尋求融資的新項目將面臨投資者和監管機構的嚴格審查。這將導致更高的生存可能性和更少的金錢損失。即將到來的 ICO 熱潮將以更強大的組織運作，並遵守更嚴格的盡職調查協議。

Heightened Scrutiny from VCs

創投加強審查

VCs have become far more discerning, demanding well-developed whitepapers with substantiated financial projections and reliable revenue forecasts before allocating funds. The days of approaching investors with rudimentary business plans are long gone.

創投公司的眼光變得更加敏銳，在分配資金之前要求提供完整的白皮書，其中包含經過證實的財務預測和可靠的收入預測。向投資者提供基本商業計劃的日子早已一去不復返了。

This time, ICOs will be conducted in a manner markedly different from those witnessed in 2018. Due diligence, compliance, investor accessibility, and stable returns will take precedence.

此次 ICO 的實施方式將與 2018 年明顯不同。

Nonetheless, as the bull market gains momentum, investors must remain vigilant against the potential rise of scams and rug pulls. These unscrupulous practices may continue to attract funds through alternative channels, such as the meme coin craze and other novel, innovative avenues.

儘管如此，隨著牛市勢頭增強，投資者必須對詐騙和拉動的潛在增加保持警惕。這些不道德的做法可能會繼續透過其他管道吸引資金，例如迷因幣熱潮和其他新穎、創新的途徑。

Conclusion

結論

As more institutional investors enter the ICO market, caution remains due to the lingering impact of scams like the Bitconnect Ponzi scheme. The new ICO landscape will prioritize due diligence, compliance, accessibility, and reliable returns. However, investors should be aware of the potential for scams and rug pulls in the midst of the continuing bull market, as evidenced by the recent meme coin frenzy.

隨著越來越多的機構投資者進入 ICO 市場，由於 Bitconnect 龐氏騙局等騙局的影響揮之不去，人們仍然保持謹慎態度。新的 ICO 格局將優先考慮盡職調查、合規性、可近性和可靠的回報。然而，投資者應該意識到在持續的牛市中存在詐騙和拉動的可能性，最近的迷因幣狂熱證明了這一點。

Please note that the views and opinions expressed in this article are solely for informational purposes and should not be construed as financial, investment, or other advice. Investments in stocks, cryptocurrencies, or related indices involve financial risk and may result in losses.

請注意，本文中表達的觀點和意見僅供參考，不應被視為財務、投資或其他建議。股票、加密貨幣或相關指數的投資涉及財務風險，並可能導致損失。