At the peak of the ICO bubble it was a common tactic for project promoters to use big name announcements to pump their tokens. Every day we would hear about a new venture that supposedly signed a partnership with a global brand such as Microsoft or Google, to make us think that these tech giants were backing the idea. In reality most of the time it was just a trivial matter such as allowing the project to use free services from the tech giant, as countless other startups do. The tactic is still used today and crypto investors need to keep in mind that it is not a guarantee for success.
Source : https://news.bitcoin.com/big-name-announcements-will-not-save-your-blockchain-project/
Date : October 30, 2019 at 11:35PM
Tag(s) : #BLOCKCHAIN ENG
