What Kind of Future Do ICOs Have?

On July 31, 2013, the Mastercoin project team launched the first-ever ICO. During the month of the campaign, 4.7 thousand bitcoins were collected, at that time, this amount was approximately 500 thousand dollars, but later the price of bitcoin rose above $ 1000, and the amount of capital raised amounted to $ 5 million.[vc_row][vc_column][vc_column_text]However, Vitalik Buterin with his Ethereum project brought fame to the initial placement of tokens. In July 2014, 31.6 thousand bitcoins were collected as part of the campaign and this amount was equivalent to $ 18.5 million. In the first weeks of trading in August 2015, Ethereum capitalization reached $ 100 million.[/vc_column_text][vc_single_image image=”9762″ img_size=”1280×720″ alignment=”center”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]5 largest ICOs: EOS ($ 4.2 billion) TON ($ 1.7 billion) Bitfinex ($ 1 billion) Tatatu ($ 0.6 billion) Dragon ($ 0.3 billion) If 2017 could be called the year of the ICO, in 2018 the situation has changed. 70% of the tokens that appeared last year fell in price after the initial offering. Losses of some companies amounted to tens of millions of dollars. In the first place in the ranking of losers is the Sirin Labs Israeli Company, which plans to release its own blockchain phone. It managed to raise $ 158 million (!) with the use of ICO, but after that, the company’s capitalization was reduced by $ 141 million. Sirin Labs could not be saved even by the legendary player of Barcelona and Argentina’s national team Lionel Messi, who became the company’s ambassador. Losses of other projects are also unpleasantly surprising: for example, PumaPay lost $ 102 million, Envion — $ 96 million, and Paragon – $ 92 million. The results of the first quarters of 2019 indicate that it is unlikely for ICO to return to the peak of its popularity. In 2017, 57% of campaigns were successful, in 2018 — 40%, then in the first half of 2019 — only 33%.[/vc_column_text][/vc_column][/vc_row]

https://blog.hyip.com/2019/08/what-kind-of-future-do-icos-have/