Few had any actual products, and many discussed plans in the vaguest terms. In its white paper, Block One said it would treat the ICO proceeds as revenue and use it for a “consulting business focusing on helping businesses reimagine or build their businesses on the blockchain”
Very interesting way to claim revenue.
– So what do you guys offer?
– We exchange money for binary data strings organized in a sequence.
Last I checked, revenue is the money earned from day-to-day operations.
So… Could she have really invested when buying this Crypto if said money was treated as revenue? She clearly spent that money to purchase plain binary data. This money was never invested. Speculated, maybe, but not invested.
#ico #binarydata #cryptocurrency #revenuestreams #investmentadvice