Startups from the top 100 most successful ICOs in their majority have an idea only on paper
Analytical study of RBC showed that only 16 projects out of 100 represent a product that actually functionsRecently, RBC has published its analysis of the largest ICO investments, choosing the 100 most profitable startups. The final amount, which attracted the Top100 is $ 2.7 billion. Since the advent of such a concept as ICO, the greatest amount of funds has been attracted in 2016 and 2017. If the year 2016 brought the ICO market $ 103 million, then in 2017 this amount increased by more than a thousand times, and amounted to $ 127 billion. In the first half of the year, according to CoinDesk, ICO projects brought for companies $ 1.3 billion in total and $ 797 million of which were raised in the second quarter. According to experts, the calculations for the second half of the year will be much higher.
In the course of the research, analysts found that only 16 projects out of 100 represent a product that actually functions. All other projects have an idea only on paper. Crypto-investors are mostly interested in investing in Blockchain technology, but only a small number of them really understand the structure and subtleties of the chosen project. This does not prevent the crypto-investors from investing in projects that have little to do with themselves. That is why, of the attracted $ 2.7 billion, a third accounted for Blockchain-technology.
Almost 50% of the investments were raised on the first 10 ICO start-ups. 19 companies from Top-100 selected ICO startups are created by teams with Russian-speaking participants; including start-ups from Canada, the United States, and Australia.
More on the analytical study of the Top 100 most profitable ICO campaigns of 2017, read on the official website of RBC.
http://www.rbc.ru/magazine/2017/11/59e62b5d9a7947de527907d4