Bloomberg reported that the total amount of procurement by ICO conducted in September this year was the lowest in the past 16 months . The procurement amount in the same month was less than 280 million dollars (about 31.6 billion yen), which was the lowest amount since June 2017.
In January this year, the popularity of ICO soared, and it was momentum that well exceeded 2 billion dollars (about 226 billion yen). On the other hand, the total amount last month was less than 300 million dollars, and it recorded a decline of about 90% from the peak hour.
Several factors are thought to have influenced this decline, but it is also considered to be a major reason why investors as a whole are noticeably reduced in interest in ICO.
It also seems related to the fact that a new startup must go through a strict examination such as SEC when doing ICO for the purpose of raising funds.
At the time the ICO appeared, it was praised as a groundbreaking fund raising law, but how will it change in the future?
Article Source: Bloomberg
Even in projects that raised 10 billion yen, they are in a state of frustration or ordinary …
Author: kaz 【Coin Desk News】 – Source Post: https://crypto-times.jp/ico-fundraising-hits-lowest-in-last-16months/
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