ICO

The 2017 ICO boom raised billions for blockchain projects, many of which never delivered a product.2017 年的 ICO 热潮为区块链项目筹集了数十亿美元，其中许多项目从未交付过产品。

Regulatory scrutiny after the ICO bubble led to the rise of more compliant fundraising structures like IDOs and IEOs.ICO 泡沫之后的监管审查促使了像 IDO 和 IEO 这样更合规的筹资结构的兴起。