08/08/19 15:00 UTC+2
The first half of 2019 was marked by positive news on initial coin offerings, ICOICO
(Initial Coin Offerings) is an acronym, which means a primary currency offer. Details. According to teQatlas, an ICO managed to raise more than $2 billion over the past six months.
Positive ICO trend
According to information from the teQatlas analytical center, a positive development trend has begun for ICOs. Despite the fact that last year the initial coins offerings were in decline and, in total, around the world were able to attract about 1 billion US dollars. For the first half of 2019, the indicators differ in positive shifts, because the amount has more than doubled.
Interesting in the section: MyEtherWallet – browser wallet for Ethereum and ERC-20 tokens
Thus, the amount of investments in cryptocurrency ICOs amounted to 2.095 billion US dollars. Interestingly, the blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details venture capital funds were able to raise much less money. Blockchain companies managed to raise only $1.248 billion through VC (venture capital).
For its report, TeQatlas used data from approximately 2,500 block companies supported by 1,800 investors using both traditional and alternative financing tools, such as stock transactions, TGE and IEO.
Cryptocurrency ICOs raised more than $2 billion in 2019. Recall that earlier the Deputy Minister of Finance of Russia, Alexei Moiseev, said that ICOs could be legalized in Russia.
Editor: Godfrid Brower