What is ICO?
ICO stands for Initial Coin Offering and refers to attract investment by introducing coin.
It's a kind of that we know as crowdfunding , in a way that's used to raise the initial capital to blockchain startup.
If you look at the token sale platform as of Q2 of 2018, it is estimated that 95% of the tokens are created within the Ethereum platform to attract investment into ICO, and the estimated number of tokens generated is over 200,000.
Despite the first half of August 2018, the volume of ICO investment increased from 6 trillion won in 2017 to 18 trillion won, indicating that the flow of global investment is concentrated in cryptocurrencies.
Around 30 industrial groups around the world are actively carrying out ICOs, developing, and continuing to grow.
Comparison of ICO status in 2017 and 2018 indicates that the ICO's success rate has gone down. It was 84% at the time of the 2017 cryptocurrency boom, but the ICO's success rate in the first half of 2018 was only 53%.
Only the really well-prepared ICO successful and it is moving in the right direction. The trend of ICO emerged as reverse ICO, which combines blockchain technology into existing businesses, rather than just words in white paper.
As questions continue to be raised about the actual use of cryptocurrencies, it is obvious that the actual ready-to-use cryptocurrency gets spotlights .While we can see that the success rate of ICO has been reduced compared to the previous year due to the higher level of investors prospect, we can see that only ICO, which is doing the right business, is moving in the right direction for success.
We hope you get a wider understanding of Cryptocurrency Market and ICO Trends through this post.