Verge Announcement: Crowdfunding Smoke?

Last week, an altcoin called Verge, announced on its website that its team was opening a crowdfunding event to “kickstart” a possible deal with a large company that wants to enter the cryptocurrency business. This announced was made on the organization’s Twitter account and its website.
The tweet is fundamentally the announcement of an announcement. It states that they will reveal the name of the company once they reach a milestone. The problem with this is clear. Adoption of cryptos must follow functionality and popularity, not the other way around. Crowdfunding is clearly a good way of gathering funds for any endeavor; the issue with this is that people, at this particular time, would be funding something that they even don’t know what it is.
The Verge currency started as a privacy fork of Dogecoin; a coin that started also as a mock to cryptocurrencies, stating that a coin could be created with virtually any object. Originally named DogeCoinDark when it was created in 2014, now it has shed its skin and moved on to reach acknowledgment. But, as said before, this kind of actions seem desperate and, to some, ridiculous.
Also, there is no evidence of what’s said is true. It could be a ruse of the team to use the money gained for other purposes; even if it is for the development of the coin. They have not announced if they will refund the money if they do not reach the goal.
This kind of thing is what hurts the crypto world the most, because it is based on faith, and not on concrete objectives. Even investing in ICOs is smarter than doing this, because at least, ICOs offer tokens as a mean of monetization; and a clear set of goals, that even if they don’t get reached, are there as guidelines.

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