NAGA, savedroid, and useful ICOs

byte heroes, HydroMiner, Wysker, and cointed (see here for the first three ) were one of the first DACH-based Initial Coin Offerings (ICOs). Now, with the recent ICOs (or announcements) of The NAGA Group and savedroid, we have a few more. Whereas there is no official definition of an ICO, most would agree that it is a way to raise money. However, it is important that a company should only ICO if there is clear demand for the token. Lack thereof will add unnecessary complexity to the business (with little to no upside benefit), threaten the token’s value and consequently lead to angry users and possible legal issues. Unnecessary complexity due to technical issues, lack of historical data, incompatibility and macroeconomic considerations Cryptotokens are still very early in several regards. Besides technical issues (e. g. scalability) lack of historical data (e. g. risk concerns, best practices, existences of bubbles) they are incompatible with users’ “past experiences” and there are macroeconomic considerations. Cryptotokens’ incompatible with past experiences Compatibility is defined as “the degree to which an innovation is perceived as consistent with the existing values, past experiences, and needs of potential adopters“ [3]. Studies have shown that cultures who considered hot