Investors From Around The World Lost Interest To ICO Startups
About $300 million were raised via ICOs in September and a little more than $400 million were raised a month earlier.
According to the results of Autonomous Research’s study, the level of activities of ICO projects has reduced by 90% since the beginning of the year.
The start-ups have raised about $2,4 billion in January, but they have raised just about $300 million in September. If EOS and other major projects are put on the list, this number will exceed $3 billion, this means that the level of monthly activity in the ICO area has reduced by 90%.
If EOS and other major ICO startups are not taken into account, the amount of the funds raised reduced by 88,5% by September. Autonomous Research’s experts name several reasons of decrease of level of activity in the ICO area.
According to the analysts, the investors are not impressed anymore by an idea of buying utility tokens which do not provide them with any sort of rights. They want to buy security tokens which are similar to stakes to get a share of the company.
Moreover, fintech companies Robinhood and Revoult who are entering the market and Bitmain who is getting ready to hold the IPO are also responsible decrease of ICO projects’ activity, as the specialists put it.