In 2017, total 413 ICOs were able to raise required amount of funds totalling $10,062,399,721. That means the average funding received by each successful ICO is,
$10,062,399,721 / 413 = $24,364,164
If I do the same calculation for 2018 numbers. The average funding received by each ICO is,
$11,596,382,015 / 1012 = $11,458,876
It's less than half compared to the numbers of 2017. It clearly shows that ICOs have failed to capture the interest of crypto investors big time.
Even though these ICOs have successfully received required funding, but if you look at their current price, we will see 95% of them doesn't have any value at this moment. This ICO mania needs to be stopped for the greater good of the crypto market. Investments are getting divided and the market is becoming overburdened with loads of shitcoins that practically have no usage in real world. Sad reality of today's crypto market!
2018 was really unfortunate year for me in some way.
Invested in ICO but haven't got my money back. A lesson learned from all of us.
So many crap coins created and they generated huge money out of it.
I'm with those poor souls that lost their hard-earned money because of these scammers.
I was not expecting Singapore to be at the top.
Another strong case to those who keeps on saying that "ICOs are dead". A significant drop of those who were able to raised enough funds from 2017 to 2018, thanks to the bear market.
This country is one of the most used locations by many ICOs because of the loose regulations towards crypto.
So a lot of these projects really don't have physical address in SG but rather virtual address.
They are not really Singaporeans. I doubt if those projects are really legit. Most of them might have exited already.