ICO-Projects Attracted a Record Amount of Investments in December - $1 billion

ICO-Projects Attracted a Record Amount of Investments in December -  $1 billion
ICO-projects attracted a record amount of investments in December - $1 billion

While Bitcoin and lots of alt tokens were heading news headlines in December, ICO quietly lured money. From the media's point of view, in the summer of 2017, when the ICO craze reached its peak. But from a financial point of view, December will go down in history as the most profitable month, with more than $ 1 billion attracted from the Initial Offers of Coins.

In December 2017, startups attracted a record $1.58 billion through the ICO. In 2017, funding with the help of ICO approached $6 billion. According to ICOdata, December was the most successful month of 2017 and the entire history of Initial Coin Offering regarding attracted funding. Also, December was the first month when the volume of investments made with the help of ICO exceeded $ 1 billion. In November, ICO-projects attracted $ 939 million, in October - $887 million, in September - $798 million. The total investment through the ICO for 2017 is estimated at $ 5.93 billion. The number of ICO projects has exceeded 883.

Our top trading bots

Among the leaders of the ICO industry are projects with Russian roots. According to the consulting company EY, in 2017 ICO conducted more than 310 projects based in Russia. On this indicator, Russia looses out only to the United States, where there are more than a thousand such projects, and ahead of Singapore with 260 ICO projects. The largest Russian ICO projects in 2017 were the Waves blockchain platform ($16 million), the SONM ($ 42 million) foggy computing platform, the mobile go-cart game platform Mobile Go ($53 million) and the Blackmoon investment service ($30 million).

According to Token data, this meant that in 2017 a total of 5.6 billion dollars was raised from ICO by 442 completed projects with a median amount of $ 4.5 million. January looks like another favorable month for the sale of tokens, thanks to large proposals from projects such as WYS Token and Cryptohawk. The Swiss company aims to simplify the exchange of cryptocurrencies for offline purchases and provide a payment solution for store operators.

The Cryptohawk project includes plans for cryptographic ATMS and credit cards, two financial services that attract much attention from the ICO. Credit services also have excellent prospects in 2018. From the investment point of view, ICO, apparently, is still profitable, but the days when you can earn millions have already passed.

Information Source: Token Data

3 reasons why Bitcoin price has not been able to rally back above $40K
The ongoing story for the past couple of months in the cryptocurrency market has been confusion on whether Bitcoin (BTC) is destined for another leg down...
China’s central bank says crypto gave impetus to the creation of its CBDC
Much attention has been paid to the global, geopolitical implications of China’s rapid and pioneering development of its digital yuan, also provisionally...
Former pro sailer brokers tax-haven passports for wealthy crypto clients
A Russian expatriate and former professional sailboat racer, Katie Ananina, Plan B Passport — a firm that brokers citizenship through investment schemes...
Oscar-winner Anthony Hopkins' new film to be sold as NFT on new platform Vuele
Oscar-winner Anthony Hopkins’ new film will be tokenized and sold on an up-and-coming NFT marketplace for movies dubbed “Vuele.”The 83-year-old Hopkins...
Iran pauses electricity exports due to crypto mining and hot summer
Iran’s challenge with the ever-increasing electricity consumption has reached new heights, leading the country to halt electricity exports.Abuzer Salihi,...
Brazil’s ‘Bitcoin King’ arrested over 7,000 missing BTC
Self-described “Bitcoin King,” Claudio Oliveira, has been arrested and charged by Brazilian federal police for allegedly masterminding a 1.5 billion reais...
A man and his S.C.A.M.: Solo dev ‘Dreesus’ on making a memecoin legit
You might not know Dreesus, but if you’ve been following crypto the last few months you’re likely familiar with his work.Following the launch of his Simple...
Altcoin Roundup: Post-crash prices give investors a chance to build a diversified portfolio
Welcome to Cointelegraph Market’s Altcoin Roundup, an in-depth newsletter that focuses on investing from the perspective of fundamental analysis and seeks...
The way of the stablecoin: A journey toward stability, trust and decentralization
Bitcoin (BTC) and other cryptocurrencies have opened the doors to a whole new world of finance. In their most basic form, cryptocurrencies allow people...
Intercontinental Exchange sells Coinbase stake for $1.2 billion
Intercontinental Exchange, the operator of the New York Stock Exchange and the owner of Bakkt digital asset platform, has sold its 1.4% stake in the newly...
London court allows Australia's Wright to serve bitcoin copyright claim
By Kirstin RidleyLONDON (Reuters) - London's High Court has paved the way for a case that could force its judges to take a view on who invented bitcoin,...
Litecoin Jumps 20% In a Green Day
Investing.com - Litecoin was trading at $322.282 by 09:31 (13:31 GMT) on the Investing.com Index on Saturday, up 20.14% on the day. It was the largest one-day...
Bloomberg: Morgan Stanley Clients Might Be Exposed to BTC Swap Trading
Referring to insiders, Bloomberg reports that the American multinational investment bank Morgan Stanley is jumping on a crypto-bandwagon. According to the...
Mining in a New Style: New York State Regulators Approve Special Rate Scheme
New York state miners are seeing changes in the electricity rate scheme as the state’s regulators have permitted them to conclude contracts. Just some...
Russian Presidential Candidate Titov to Legalize Bitcoin if Elected
As Russia has kicked off the presidential campaign trail on December 18, it is interesting to look at some candidate’s promises. Notably, business ombudsman...