Recall all the ICO hype? Did you FOMO in?
The ICO craze peaked in 2017-2018 (concurrently with the Crypto Bull then crash timeframe), how much was raised?
CoinDesk’s ICO tracker shows that 2017, January to early September saw more than $1.7 billion raised by token sales. Many speculate that the entire ICO landscape produced up to $20B. WOW, reminds me of the dotcom era (boom then bust); just now seeing the ICO boom from the same lens.
Which firms raised the most money via ICO?
Which of the Top ICO's are still active? Filecoin, Polkadot and The DAO platforms come to mind quickly. They continue to develop out their product sets and make them available to the global community.
Where did all the money go? Not sure, which leads one to believe that regulators will be reviewing Crypto's with a eye towards scrutiny. I hope all cryptos underdevelopment learn this lesson from those that went prior.
Its no secret that the SEC has been tear in the past few weeks! Will those firms that ICO'd be next to heavy scrutiny? My assumption is YES!
Why? as the US develops its CBDC further it will ensure there is less and less competition and to ensure a wider adoption net from ordinary retail investors.
Summary - It is my belief that the Crypto ICO craze/phase has been there and done that. Look for burdgeoning Crypto's to develop new ways to raise the capital they need to go from seed phase to the Moon.
Enjoy the Journey!
