The fundraising for ICOs doubled this year exceeding 2017
he funds raised by Initial Coin Offering (ICOs) in 2018 have already exceeded last year’s record level.
While American, Chinese and South Korean regulators are cracking down on ICO type virtual fundraising, the specialized CoinSchedule site reveals that it has already raised $9 billion this year, more than double the figure recorded in 2017.
Bloomberg interviewed the co-founder of CoinSchedule, Alex Michaelis, he said:
The ICO market is still hot
EOS and Telegram have been big successful ICOs this year, albeit not a classic ICO in the sense that Telegram was closed to private investors only, and EOS has been trading in exchanges for a while, which influences the token price.
Initial Coin Offering is attracting more and more firms even though the US SEC is beginning to impose heavy regulations in this area and is trying to define whether the tokens issued during an ICO should be considered as shares (securities) or tokens.
The year is far from over and an ICO will soon add $4 billion to the $9 billion already raised. This is the EOS ICO led by the Blockchain startup Block.one which shattered all records.