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"No actual businesses built" is completely not the case. At least not for all ICOs. Take PundiX, for example – they have a fully-functional product with a growing base of B2B customers which are starting to use the device in the wild.

While nothing has come from many (probably most) ICOs, there are certainly some great examples of "cool business ideas" which are being realised thanks to the ICO.

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> "No actual businesses built" is completely not the case. At least not for all ICOs. Take PundiX, for example – they have a fully-functional product with a growing base of B2B customers which are starting to use the device in the wild.

Also lots of ICO's present false claims when it comes to adoption of their products. Do you have any factual figures how widely this certain product is deployed and in which state the development is? For example on Pundixes web page their payment terminal is just a 3D model.

The more I hear about ICO products and their businesses, the more sceptical I grow that this funding model is able to actually grow viable businesses.

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