The initial coin offering (ICO) model seems to be facing strong headwinds, after about a year during which almost any crypto project could easily raise thousands of Ethereum (ETH). But following a number of fraudulent ICOs and increased regulatory efforts to protect investors, as well as the recent crash in ETH prices, the model seems to be on the way out.
The most evident sign is the fact that September is well along the way, but so far, fundraising seems to go even slower compared to August levels. Based on data from IcoData.io, in September, ICO projects have raised around the equivalent of $17.5 million. This number is surely calculated at much lower ETH prices. However, there are other signs of a slowdown.
The first decline was noticed in retail interest in ICOs. While in 2016 and 2017 ICO purchases led to exorbitant gains of up to 80,000 times the initial investment, soon after that, ICOs crashed way below the token sale price, and never recovered. More projects star...
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