Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

ICOs Smash Records and Disrupt Venture Capitalism, With $13 Billion in Funding This Year

by Daily Hodl Staff
July 3, 2018
in Blockchain
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎
‎‎‎ ‏‏‎

Initial coin offerings are becoming an increasingly popular method of crowdfunding capital for blockchain startups.

A study from consulting firm PwC Strategy, in conjunction with the Crypto Valley Association of Switzerland, revealed that the number of ICOs dipped in the first three months of 2018 and quickly rebounded, making rapid gains in the second quarter.

Total revenue collected through ICOs in the first five months of 2018 reached $13.7 billion dollars. Between 2013 and 2017, total revenue collected through ICOs reached $7 billion, according to the report.

There were a total of 537 ICOs registered so far this year compared to 552 total offerings in 2017.

While the US, Switzerland and Singapore remain key global hubs for ICOs, the UK had 507 ICOs and Hong Kong had 223, rounding out the top 10 ICO countries in 2018. The leading ICO countries in 2018 by funding volume are the Cayman Islands, the British Virgin Islands and Singapore, compared to last year when the funding volumes were concentrated in the US, Switzerland and Singapore.

The Cayman Islands and the British Virgin Islands were catapulted to the top of the list by two “unicorn” ICOs – EOS at $4.1 billion, and Telegram at $1.7 billion, respectively.

The study highlights the “top 15” ICOs by funding volume. EOS and Telegram far outpaced the remaining 13. The third, fourth and fifth largest ICOs – Dragon, Huobi Token and HDAC – raised $320 million, $300 million and $258 million, respectively.

ICOs allow companies to cut through the slow pitching and validation process that characterize venture capital and other traditional sources of funding. They remove the need for a project to appeal to a limited number of elite investors. Instead, they can tap into the global capital of worldwide investors through the mass sale of a pre-defined number of cryptocurrency (or digital) tokens for a limited time period.

According to the study, the model is disrupting venture capitalism, which has traditionally controlled the funding of startups across a range of industries, particularly in the tech sector. New companies related to blockchain and digital ledger technologies including digital currencies, blockchain infrastructure platforms, supply chain blockchains, and wallet and payment platforms that are testing the strength of the ICO model, as well as hybrid models.

“ICOs disrupt traditional VC funding – hybrid models are ‘en vogue’ as they combine smart money and community support,” the report reads. “After ICOs went through a hype-cycle in 2017, they are becoming more mature and established in 2018.”

Regarding ICO regulations, the study identifies three main models. In the US, tokens may be considered securities that are need to be registered with and regulated by the Securities and Exchange Commission; in Switzerland, tokens are considered assets, and regulations depend on token function (i.e. payment, utility or asset/ security tokens); and in Singapore, tokens are considered assets where the ecosystem and activities are regulated, not the cryptocurrency.

Among the best practices for ICOs, the report indicates that “less promotion is better promotion” and that companies should focus more on the pre-sale phase with targeted investors. The report concludes that over promoting ICOs can dilute a project’s credibility.

ADVERTISEMENT


Check Latest News Headlines


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Crypto Livewire – Press Releases

  • Mogul Brings NFTs and DeFi to the Film Industry, Announces Access Pass Sale
    March 5, 2021
  • eToro and DS TECHEETAH Change Face of Sponsorship With Unique Profit Only Deal
    March 3, 2021
  • Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming
    February 26, 2021
  • Bang Bang: Critical Factors Fueling Rise of the Retail Investor
    February 25, 2021
  • How Traders Make Money in Both Bull and Bear Markets on BigoMex
    February 25, 2021
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$48,679.00
$48,679.00
1.89%
Ethereum
$1,529.08
$1,529.08
0.12%
Binance Coin
$227.08
$227.08
0.41%
Polkadot
$33.64
$33.64
3.74%
Cardano
$1.17
$1.17
5.89%
XRP
$0.459813
$0.459813
1%
ADVERTISEMENT

Spotlight

  • Crypto Exchange Sells Thousands of Bitcoin for $6,000 Each Amid Surge in Market Volatility: Report
    February 26, 2021
  • These Are the Four Most Explosive Crypto Assets on the Market, According to Trader Ben Armstrong
    March 2, 2021
  • New Group of Crypto Assets Are Ready To Erupt, Says Trader Tyler Swope
    February 27, 2021
  • MoneyGram Facing Class-Action Lawsuit Over Relationship With Ripple and XRP
    March 3, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2021 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

×
We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.