For 3 months the ICO have attracted 8.3 billion dollars, but most of them will not return money to investors
The specialists of the Agency ICORating revealed that more than half of all ICO projects are unable to complete their work in the second quarter of 2018.
Independent portal ICORating found that 55 percent of the initial offerings of coins are unable to achieve the goals in the second quarter of 2018. This is 5 percent more than the number of failed projects the initial offering of coins was in the first quarter of 2018.
However, the money continued to come in ICO projects. In the first quarter of 2018, investors have invested $ 3.3 billion, and the second to 8.3 billion US dollars, that is 60 percent more.
Also, experts have proved that 57 per cent of the ICO are aimed at raising funds for the stage of development, but these projects are, on average, received the lowest amount of funding.
“The largest percentage of failed initial proposals of the coins from the point of view of readiness of the product originated from projects under development. 58 percent of such projects are unable to raise more than half a million dollars”, — experts noted.
In early August it became known that in July, there was a significant drop of investment in ICO of the company. Statistics not in favor of the project, which has recently conducted tocancel.