Initial Coin Offerings in the first half of2018 have attracted nearly double theamount of funds raised last year, a new report reveals. Researchers pointout, however, that the majority of ICOshave largely failed, with only a third ofthe projects closed successfully. According to the study, the US remains the major destination for coin offerings while Switzerland has established itself as a European ‘standard bearer’ in regulation.
The capital raised through Initial Coin Offerings (ICOs) has reached $13.7 billion USD in the first five months of this year, twice the total for the whole of 2017. The data comes from a newly released report authored by theSwiss Crypto Valley Association (CVA) and Strategy&, the consulting division of one of its members, PwC. The study aims to provide a comprehensive overview of the globalICO activity and explore key changes in the space since last year.
https://news.bitcoin.com/report-2018-token-sales-almost-double-last-years-results/
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
If you enjoyed what you read here, create your account today and start earning FREE STEEM!