ICO Raised $8,3 Billion In the Second Quarter of 2018
During the second quarter of 2018, ICO investments increased by 151% according to ICORating research. Primary offerings of different projects raised $8,3 billion. The total amount of money raised in the 6 months is $11,3 billion which is 10 times more than during the same time frame of 2017.
In June, EOS project finished crowdfunding campaign that lasted for a year and managed to get $4 billion. The month its ICO was over is considered the month when financial funds were raised.
More than half of the projects 55% couldn’t achieve their financial goals. ICORating analysts emphasized that it had nothing to with the token type, all the project that failed were of a bad quality. Only small group was able to get $50 million and some of the projects reached $100 thousand.
The projects that were planning to get financial support by presenting one an idea of the future development got the least amount of funds. 58% of such projects failed to raise more than half a million dollars. Instead, a majority of investors were interested in participating in projects that had an MVP ready. These ICOs raised as much as $34.5 million on average in crowdfunding.
Meanwhile, concerning popularity, financial, gaming & VR, investment, blockchain and social media industry witnessed a more substantial number of ICO projects. The number of gaming projects doubled compared with Q1.