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Initial Coin Offerings Boom in 2018

Published 8 months ago by Komfie Manalo

Initial Coin Offerings Boom in 2018

Crypto Vest via

In an interview with Cryptovest, SnowFox Technologies Ambassador Mike Raitsyn said that in the first six months of the year, ICOs had raised nearly $722 million compared to the $655 million raised in 2017. “The average investor's check in the ICO project varies from $40 to $5,900, so the ICO market is again experiencing a deficit of large investors willing to invest in the project an amount more than $ 50,000. However, the average amount of investment in the project in June 2018 is twice as high as in the same month in 2017,” Snowfox said.

Asked to comment on why investors are still attracted to ICOs despite the bad publicity the unregulated crowdfunding platform is getting, Raitsyn said venture investors and corporations continue to finance startups and test blockchain technology in search of practical applications in the hope of increasing their capital. ICO sustainability Analyzing the ICO statistics provided by the Snowfox Technologies team, more than half of the crowd sales have already failed, with 15% closing at the stage of the initial offer and 30% after the ICO. In general, he said the success of an ICO depends on a variety of factors - from site selection and the search for competent specialists (the team is the key to the success of any project) prior to compiling and implementing a clear, consistent marketing plan.

Projects should not forget that the transparency of the ICO should be observed, and even at the stage of the idea, the founders should be 100% sure of the feasibility of the conceived idea. Moreover, Raitsyn said the viability of the project after the ICO is determined by the demand for the practical application of the developed blockchain-solution. With fraudulent ICO the community is facing less and less, and all Snowfox Technologies projects are trustworthy,” he added. Coin spectator is an automated news aggregation service. All copyrights belong to their respective owners. Images and text owned by copyright holders are used in reference to and promotion of those respective parties. Read in Full

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