1 in 2 ICOs failed in the second quarter — and those that succeeded suffered huge losses
|08/08/2018||Posted by BusinessMediaguide.Com under General World News||
- The amount of funding raised through “initial coin offerings” rose from $3.3 billion in the first quarter to $8.3 billion in the second, according to a new report.
- But the proportion of funding campaigns that failed also rose to 55%, leading analysts to say the quality of projects in the market has “significantly worsened.”
- The average return for ICO tokens in the quarter was -55%, compared with a gain of nearly 50% in the first quarter.
LONDON — Money continues to flood into the booming market for digital tokens issued by startups despite the projects seeking funding getting worse and investment returns suffering, read more >>>