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46% of ICOs Launched Without a Business Plan in 2018

Posted: Sat May 05, 2018 1:10 pm
by kreslik.news

Market research on the initial coin offering market in the first quarter of 2018 reveals that institutional investors are playing an increasing large part in funding blockchain projects despite many of them having no development before they are launched.

The research was conducted by ICO Rating, an agency which (you guessed it) rates ICOs. According to its official website, its analysis team of more than 50 experts “specialize[s] narrowly in evaluating companies in the fields of blockchain, cryptocurrencies and ICOs/ITOs.” It has offices, in Amsterdam, New York, Singapore and St. Petersburg.

Findings

The report says that $3.3 billion dollars has been raised so ... (read more)