In the first quarter of 2019, ICOs raised 58 times less funds than in the same period in 2018

According to the results of the first quarter of 2019, in total, all initial coin offerings raised about $ 118 million, which is 58.4 times less than in the first three months of 2018, when the market attracted $ 6.9 billion.

This was reported by WSJ analysts who relied on data from the TokenData site. In their opinion, the reason for such a cooling of interest on the part of investors was the actions of regulators and the protracted general decline in the virtual currency market..

The report also says that out of 2,500 projects that TokenData representatives have observed since 2017, only 45% of ICOs were able to collect the required volume funds. At the same time, analysts calculated that only 15% of tokens that successfully completed initial coin offerings are traded at the sale price or more..

In the first quarter of 2019, ICOs raised 58 times less funds than in the same period in 2018

Telegram Plans Billion Dollar ICO For Chat Cryptocurrency/Altcoin | CryptoBot How To Make Money 2018

The abundance of scam projects and the growing number of criminal cases initiated against them scare investors away, and startups themselves are already afraid to mention ICOs. Therefore, organizers are increasingly starting to give preference to STO as the main way to raise money. Experts also note that the ICO model may soon disappear altogether..

Despite some changes, the digital asset market continues to develop actively and attract large capital. therefore company Ledger and Legacy Trust Create Institutional Storage Service ERC-20 tokens.

text: Ivan Malichenko, photo: solo401k, allufa

In the first quarter of 2019, ICOs raised 58 times less funds than in the same period in 2018

Similar articles