Either the initial coin offering (ICO) model is dying or startups are delaying projects for better times. As the bear market stretches into its eleventh month, the ICO funding trend shows an even steeper decline, with only about $54.6 million in total raised in October, according to Icodata.io.
The monthly proceeds have been dwindling throughout the year after the equivalent of more than $1.5 billion was raised in January. The October amount is less than a third of what ICOs generated in September.
However, the exact size of the funds and the distribution between assets is unknown. Most of the capital obtained through ICOs has b...
This article appeared first on Cryptovest