The tokensale of the platform of the payment channels of the Etherium Raiden, launched on October 18 and organized on the principle of the Dutch auction, ended November 1 at a rather moderate amount of 109 532 ETH (about $ 32.75 million). Of course, such an amount seems to be moderate only by the standards of 2017 - especially if we recall that in August 2014 only 31,500 BTC was collected at the Ethereum ICO itself, or about $ 18.4 million at the exchange rate for that period.

Vitalik Buterin, the founder of the Ethereum, does not particularly believe in most ERC20-based tokens. In fact, he believes that almost all of them will disappear and sooner rather than later. But in general, Buterin is confident that the crypto currency is a bright future, as investors and developers are learning on "tokens 1.0". "This, in fact, tokens 1.0". Speaking at ETHWaterloo, the 23-year-old founder of the Ethereum reminded everyone that 90% of startups fail. Similar can be said about the tokens of the ERC20 standard. According to Buterin, 90% of the coins, which are now listed on CoinMarketCap, will soon depreciate.

A new White Paper has been published with a detailed description explaining the potential transformation of the protocol for the initial sale of coins (ICO). The draft protocol, whose aspiration to create a "balance" between closed and untested sales of tokens, is represented by the joint efforts of the founder of the Ethereum Vitalik Buterin and the developer Jason Teutsch, who is the creator of the project to scale up the TrueBit smart contracts.