In 2017, during the cryptocurrency bubble, a number of projects launched tokens for a wide range of payments. It was easy because what was needed to raise millions of dollars through an initial coin offering was just an idea. During the period, Ethereum and its native token Ether (ETH) reached a record high because of frenzy around trend words like “smart contract” and “ICO.”

Hype on ETH Waned Because of Scams and Bad Ideas

The flurry witnessed eventually waned and the price of ETH, which hit a record high against the US dollar at the beginning …

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