Initial Coin Offerings has been the successful fundraising strategy for the years 2017 and 2018. Many experts believe the popularity of ICO’s has faded away. But the truth is, they are still in the competition. Yes, they are still the best way to get started with fundraising.
So, How was ICO in 2017 & 2018?
ICO’s still persist as a fantastic approach for startups and new companies to raise their funds without complexities. With the growing interest in cryptocurrencies, the crypto market is experiencing great changes every single day. Moreover, Initial Coin Offerings have raised more money in 2018 than in 2017. According to ICOData, there were totally 1600 ICO’s floated in 2018 with raising the funds of around $7 billion.
While coming to the countries, the United States, the United Kingdom, and Singapore topped the positions right from the year 2015. On the other hand, Russia, Germany, Canada, and the Netherlands occupied the next positions.
What to expect in the future?
Till the date, ICO’s have raised $337,639,000 in 2019. In the future, it is expected that ICO will remain booming in the future. This means that ICO will regularly make their visits on headlines without any doubts. Moreover, raising the money for an ICO Script is similar to raising funds for the traditional startups.
Though ICO’s are portrayed to be scams, not all the ICO’s are scams. Regulations have come for good and would eliminate fraud ICO’s out of the market. Therefore, the upcoming ICO PHP Script which would launch ICO’s should be careful with the legal and tax compliances which would eradicate scams.
In previous years, ICO’s were listed on the public ledger and most of them will be sold to the crowdsale. But everything will remain changed in the future. Even though the ICO’s are listed in public ledger, it would be listed in the private investors. This could bring in a set of new possibilities without any doubts.
Moreover, there won’t be a need to pay a lot of money to investment banks, lawyers, auditors and so on. So, ICO’s can always be the best strategy to invest in.
Experts predict the ICO industry will come up with more refined methods in future without any doubts! A lot of projects would emerge which will solve Blockchain problems and would remain to be a fruitful strategy!