ICO raised $8.3 billion in the second quarter of 2018

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Most of the projects for the initial placement of tokens are unable to achieve your goals, least of all funding attracted companies without a minimum viable product

In the second quarter of 2018, investments in the field of the ICO increased by 151%, according to a new study ICORating. Projects for the initial placement of tokens received about $8.3 billion in just the first half of this year, they raised $11.3 billion — 10 times more than in the same period in 2017.

In June, the EOS project has completed the year-long campaign to raise funds, during which the project received $4 billion. It is believed that the startup has attracted funding in the month in which it was completed ICO.

More than half of the projects — 55%, are unable to meet their financial goals. Analysts ICORating emphasized that the type of token does not affect the success of funding — all failed projects were of poor quality. Only a small group was able to raise $50 million, many were unable to hold on to $100 thousand.

Projects that are planned to receive funding at the idea stage, have earned the least amount of money. 58% similar to ICO failed to attract more than $500 thousand. The company, which had a minimum viable product, has attracted an average of $34.5 million.

The greatest number of ICO took place in the field of Finance, games, VR, investment, blockchain and social networks. The number of projects related to games, compared to the first quarter of 2018 increased two times.

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