Report: ICO & # 39; s increased $ 118 million in Q1 2019, more than 58 times less than in Q1 2018

In the first quarter of 2019, approximately $ 118 million was raised through initial currency offers (ICO & # 39; s), more than 58 times less than $ 6.9 billion, the amount raised in the same period in 2018, Wall Street reports Journal (WSJ) on March 31.

The report cites the data from the ICO analytics website TokenData. The WSJ argues that investors have been deterred by actions by regulators against non-compliant ICOs, as well as by the general bear market in the past year.

One of the last cases happened in February, when the US Securities and Exchange Commission (SEC) invoiced crypto company Gladius Network with the sale of unregistered securities after the company itself reported to the commission.

Last month, Jalak Jobanputra, founding partner of Future Perfect Ventures, claimed that risk capital valuations were also heavily affected by the cryptocurrency bear market.

The recent report also reveals that of the 2,500 projects that TokenData has followed since 2017, only 45 percent reportedly raised money successfully.

In addition, WSJ also quotes TokenData as saying that only 15 percent of the tokens issued in successful ICO & # 39; s are trading at or above their original price.

The article cited lawyer and consultant Joshua Ashley Klayman who stated that ICO's might disappear, but the digital securities market is not. Recently, so-called security token offers (STOs) have received more attention worldwide from both the private sector and government regulators.

In the American context, investors are confronted with a patchy regulatory landscape when it comes to selling tokens. In February, the state of Wyoming adopted a blockchain allocation-related bill, while a similar law was passed in September 2017 in Delaware.

This week, Cointelegraph reported that the owner of a startup who ended his ICO was trying to sell the company on eBay for $ 60,000. The startup, called "Sponsy", is described as a blockchain project that is fully prepared to launch both an ICO and an STO.

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