So, recently many ICOs have have their marketing team reach out to me through Twitter, telegram, and LinkedIn asking me if I have participated in their ICO or want too. When I respond that I can't because of US Securities laws, here's the top responses: (1) "yes you can, it's not a security; (2) it's a great investment with huge upside; and (3) essentially anything else they can say to get me to buy their product despite my reservations.
So I ask. Do these projects simply not care? Do they not realize that they are violating other laws for soliciting investment? Are they just taking a gamble?
I've got no idea why some ICO are so persistent about it either.
What are your thoughts?
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