ICO market, down 100% from last year

As for the method of financing using cryptocurrency, the ICO market has decreased by 97% compared to last year, which is said to be about 40 million dollars this year. The results of this survey were released by Bitmax, a cryptocurrency exchange, on May 13 (local time).

According to this, the ICO market declined by as much as 97% based on the fund raised in the first quarter of this year. It is said that after the cryptocurrency boom from 2017 to 2018, most of the ICOs in 2018 recorded a low return on investment and fell.

Decreasing ICOs and changing the method to IEO also play a part. If the ICO is for an unspecified majority, then the IEO entrusts the token sale to a specific exchange. As a success model that can expect strong returns, it has seen an increase in recent months. The number of IEOs conducted so far this year is said to be $97.70 million.

According to the ICO Bench, ICOs using cryptocurrency in the first quarter of this year have been on a decline since the fourth quarter of last year. However, some survey results show that more than 40% of institutional investors are expected to start investing by institutional investors within 5 years through ICO. Although the ICO market is sluggish, the number of institutional investors interested in ICO is not small. Related information can be found here .