The primary market placing coins (ICO) over the past year more than doubled. The relevant data in its report for the second quarter of 2018 submitted by an independent rating Agency ICORating specializing in the evaluation of projects of ICO and the market in General.
The company positions itself as a global market leader of the independent analytical research, among its clients more than 30 funds operating with virtual currencies.
“In the second quarter, we saw continued change in the nature of investment in the sector, as increased money and increased level of requirements to the project”, — the document says.
According to the report ICORating, for two quarters of 2018, the ICO project has already collected over $11 billion of investment, which is 10 times more than the amount collected in the 1-2 quarters of last year.
In the second quarter of 827 projects have attracted more than $8.3 billion Increase against the first quarter — $3.3 billion — was 151%.
“The money raised by the EOS project, make up a large part of this growth, they raised $4 197 956,135 during the ICO and lasted 1 year” — note the authors of the report.
Thus, even excluding EOS, the aggregate amount obtained during the ICO means 1-2 blocks away in 2018 exceeded the 1-2 quarters of last year 6.4 times.
According to the study, Europe has become a leader in the field of ICO on the number of running projects is 46%, while North America is the leader in the amount of investment: projects managed to collect 64,67% of all funds. With regard to Asia, the project “showed an increase of funds for 20%, but the decline in the number of launched projects by 40%”.
Institutional capital on the market ICO rose, and the Agency describes the increase in the share of capital not only as “sharp”. On the other hand, the authors emphasize that “further reduction in the number of retail investors”. In turn, this leads to dramatic changes in the requirements projects. In addition, according to the findings of the authors, the amount of funds that may be collected during the ICO, increasingly depends on “how well the projects have partnered with investment funds”.
ICORating notes and a substantial increase in the degree of influence on the market, which are cryptocurrency exchanges. According to experts, “a highly effective strategy and communication with the exchanges have become a decisive success factor in the secondary market.”
However, only 7% of all announced projects could provide a listing on the stock exchanges.
Also, the Agency has recorded the change in the structure of the majority of tomenselo: in the second quarter, many projects chose public offering coins private.
Interestingly, the number of active projects is 15% of their total number, the number of commands that start the collection of investment at the stage of developing ideas. The study authors indicate that “the absence of a functioning business will not affect the success of fundraising”.
Among the top 10 industries in which the funds have been attracted, in the first position — the financial services sector, the infrastructure of the blockchain, the banking sector and payment sector, together collected more than $1 billion of Financial services in the lead as from the point of view of the size of funds and number of projects.
Analysts say the fact that 50% of the ICO projects announced in the second quarter, failed to collect more than $100,000, more than that, for one reason or another, 55% of all ICO failed, unable to complete the campaign to raise funds.
We will remind, recently it became known that a private platform for the ICO launch, the Stuttgart stock exchange, while the banking giant JPMorgan is attempting to patent a blockchain-based system for the issuance of Depositary receipts is very similar to token-ICO.
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