/biz/ - Business & Finance

I was trying to warn my fellow anons yesterday that Dragonchain had cancelled its ICOs and suspended its incubator but a few people insisted there were still more ICOs to come.

Guess what? Number 4 cancelled today. Or, to be more precise, they announced they will be launching on NEO instead.

https://www.reddit.com/r/drgn/comments/8hq41j/biocrypt_technologies_interview_dragonchain/

Number 5 posted this on their website a few days ago

>As you probably have heard by now, for the time being, DragonChain put a hold on their current incubator program. From our side, we are currently looking into alternative financial partnerships that will safeguard the continuity of our project.

http://givewithnothing.org/news.html

That leaves only one of the initial six Dragonchain ICOs that has not yet announced either cancellation or that it is looking elsewhere. But you can be certain it is coming.

This is not an attempt to spread FUD. This is not an attempt to get you to sell your precious DRGNs. This was a good project with a solid value proposition and I was about to buy in myself when I discovered the current situation. Unfortunately, the US regulatory environment is not ready for ICOs yet and this project is now dead in the water for the short and medium term. In the long term, it may revive either as a successful platform or if the regulatory environment changes. But for now, the damage has been done and there is no quick flip to revert to its previous state.