The ICO boom isn't over... at least, not in China, where "Chives" are culturally primed for asymmetric risk.
"Chinese retail investors not only have a huge appetite for speculating on crypto, but on all manners of assets," says Blockstream's Nick Niu.
So - even though they keep losing money to scams and Ponzi schemes - why are Chinese retail investors still plowing millions into ICOs?
https://cointelegraph.com/magazine/2020/06/08/wild-east-ico-boom-china