NEW YORK, May 22, 2017 (GLOBE NEWSWIRE) -- Today at Consensus 2017, AlphaPoint, the financial technology company powering digital asset networks and providing institutions with the AlphaPoint Distributed Ledger Platform (ADLP), announced a new comprehensive An asset issuance and custody solution that enables clients to initiate, manage, trade and maintain initial coin offerings (ICO). As an extension of ADLP, the new solution provides operators with a secure, scalable and simplified solution for issuing digital assets and deploying them to end users and the entire trading community.
From Q1 2016 to Q1 2017, ICO funding ballooned tenfold, from $6 million to $69 million. During the same time period, traditional venture capital investment in blockchain companies fell by more than 30%, from $173 million in 2016 and the first quarter of 2017 to $118 million. Digital currency is the main mechanism for participating in ICOs. During the same time period, its price has shown a sharp upward trend, with Bitcoin breaking through $1,800, Ethereum briefly breaking through the $100 mark, and Litecoin breaking through $30 for the first time. 1 Recent notable ICOs include. Blockchain Capital raised $10 million in 6 hours, Cosmos raised $16.8 million in 28 minutes, Gnosis raised $12.5 million in 12 minutes, and Aragon raised around $25 million in 26 minutes.
"The use of blockchain technology to digitize assets continued to gain momentum in 2017. New crowdfunding models are a particularly exciting trend, with more than $165 million in tokens sold through ICOs this year," AlphaPoint President and COO Igor Telyatnikov said, "Today we are pleased to announce our support to enable customers to launch, deploy, trade and maintain ICO tokens."
In 2018, the currency circle ushered in a bear market winter. Although the funds and pyramid schemes of the branded blockchain are still being spread among the people, the exchanges have almost no transaction volume, and most of the funds are concentrated in a few mainstream currencies. The industry has already started a wave of activism, layoffs and closures. ICO has also gradually faded out of sight and is no longer sought after. However, 2019 saw a resurgence in the currency circle, with Bitcoin rising from a low of $3,155 in late 2018 to $64,863 in mid-April 2021. The ICO model in the currency circle also transformed into various new models during the period, such as IEO, STO, IBO, DEFI, etc., hitting the market and making waves.