Topic: [2017-12-19] Despite Falling Revenue, ICO Fever Remains High (Read 37 times)
With these recent issues on Ethereum network and scalability and the increase of heavier regulations involving ICOs all around the world, a severe decline this market appeared to be imminent. Luckly, that was not the case and ICOs projects still helping to drive the crypto ecosistem.
There can be some peaks and lows for the interest generated by the ICO platform but for me there is no doubt it is here to stay. We have already let loose the animal from the bag. People now have a choice as to where they want to invest their money and ICO has become one of those options in the world of cryptocurrency. The only thing I dislike with ICO is that it is also now used by scam artist victimizing innocent people out of their hard-earned money. There has to be a balance in here...while we let ICO to survive and flourish a protection mechanism must be in place like requiring all ICOs to use a reputable escrow service -- though not a guarantee that a project will not go scam this can help a lot.
Despite the general criticism of the ICO, associated with the possible risks of fraud, the need for them still remains. The world of the crypto currency has just started to develop and this primarily concerns the altcoyins, which can really improve our life in various spheres. Therefore, the prospects in this regard are enormous and this activity is useful.
Once celebrities began endorsing ICOs, many were quick to claim that this was the top; the mania had reached its peak and the token bubble was about to pop. And when the SEC filed charges against several dubious projects, forcing others to return funds to investors, this assessment appeared to be accurate. Despite the mid-summer mania having dissipated, however, the number of ICOs in the works is higher than ever.
Reports of the ICO’s Demise Have Been Greatly Exaggerated
In the first nine months of the year, over $3 billion was raised in ICOs, almost $600 million of which came from Tezos, Filecoin, and Bancor. Despite most of the high-profile ICOs occurring in Q1 and Q2, October was actually the most lucrative month to date, pulling in $828 million. November, in comparison, could only muster $682 million.
It feels like 2017 was chockablock with ICOs, but the mania didn’t truly kick in until April. Tokendata reports that just $21 million was raised via ICOs in the first three months of the year before hitting $103 million in April and then almost doubling in May. In the year to date, over $4 billion has been raised, and there is a likelihood that the symbolic $5 billion threshold will be passed by 2018.
SOURCE: https://news.bitcoin.com/despite-falling-revenue-ico-fever-remains-high/
Reports of the ICO’s Demise Have Been Greatly Exaggerated
In the first nine months of the year, over $3 billion was raised in ICOs, almost $600 million of which came from Tezos, Filecoin, and Bancor. Despite most of the high-profile ICOs occurring in Q1 and Q2, October was actually the most lucrative month to date, pulling in $828 million. November, in comparison, could only muster $682 million.
It feels like 2017 was chockablock with ICOs, but the mania didn’t truly kick in until April. Tokendata reports that just $21 million was raised via ICOs in the first three months of the year before hitting $103 million in April and then almost doubling in May. In the year to date, over $4 billion has been raised, and there is a likelihood that the symbolic $5 billion threshold will be passed by 2018.
SOURCE: https://news.bitcoin.com/despite-falling-revenue-ico-fever-remains-high/
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