16 Oct 2018 00:00:00 AM Последние новости

ICOs See Lowest Funding Level in 16 Months

According to Bloomberg, ICO financing showed the strongest decline in 16 months. The analysis of Autonomous Research shows that in August start-ups raised $ 326 million, which is the smallest amount since May 2017.


According to the study, ICO based on Ethereum (ETH), experienced a rapid growth in 2017. However, at present they are the presumed cause of the fall in the price of the crypto currency. Some projects raise funds in Fiat to cover costs amid concerns about the bear market.


Legislators and regulators globally express concern about the ICO. Last week, members of the European Parliament, together with experts on the blockchain discussed possible rules for the ICO. One member pointed to a "sharp increase in volumes" of the ICO in 2018, despite the growing number of reports of fraudulent ICO projects.


Experts also suggested that such a decline in investment can be caused by unsatisfactory products, scam projects and difficulties in implementing ideas. "


This once again indicates that you should invest in projects with the existing product in the area where blockchain technology is really needed.