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Interest in ICO has decreased significantly

ICO-projects began to collect much smaller amounts.

04.May.18 2:00 AM
By Shawn Highstraw


Interest in ICO has decreased significantly
Start-ups attracting funds using primary placements of tokens could receive the necessary amounts in a relatively short time. This approach was optimal for launching projects without resorting to banks for loans. However, as early as 2018, the ICO charges decreased significantly, as evidenced by the ICOData study.

According to experts, a significant drop in investment was recorded in April this year. During this month, ICO managed to collect 543 million dollars, which is 44% inferior to the indicators of the previous month. It should be noted that this trend is clearly visible from the beginning of this year.

Over the past year, 871 primary tokens have been launched. At the same time, in January-April 2018, almost two-thirds of the ICO came from this volume. In fact, the increase in the number of announced Initial coin offering occurs in parallel with a decrease in fees. Experts call this trend quite alarming.

According to market experts, investors simply lost confidence in such a fundraising scheme because of fraudulent projects. Obviously, losing money on the ICO, people will not want to risk it again. In addition, many projects were simply inefficient, bankrupting their depositors.

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