Analytical firm ICORating has published the results of a large study, devoted to the ICO-projects undertaken in the second quarter of 2018.
We’ve gathered for you the most important and interesting theses from this report.
- For the second quarter of 2018, 827 ICOs were conducted, during which $8.3 billion was collected (more precisely, $8,359,976,282). For comparison, for the entire year of 2017, it was possible to collect just $6.2 billion. Compared to the first quarter, the growth comprised up to 151%.
- 50% of ICO-projects failed to collect more than $100,000. Only 7% of the new tokens were added to the crypto exchanges (at the end of 2017, this figure was 33%).
- 55% of all ICOs ended up failing (by 5% more than in the first quarter).
- On average, projects attracted either $1-5 million (17%) or $10-25 million.
- At the same time, the largest projects were attracting approximately $50 million.
- Only 15% of the projects had a functioning business before the launch of the ICO (by 6% more than in the first quarter).
Geography of ICO projects
United States became the leader in the number of registered companies that conducted ICO in the past quarter. Here is how the complete list looks like:
- USA: 70 projects ($393.7 million);
- Singapore: 57 projects ($574.8 million);
- United Kingdom: 49 projects ($301 million);
- Estonia: 35 projects ($193.8 million);
- Switzerland: 25 projects ($298.1 million);
- Gibraltar: 14 projects ($132.5 million);
- Australia: 14 projects ($109.6 million);
- Hong Kong: 14 projects ($47.6 million);
- Cyprus: 8 projects ($124.7 million);
- Cayman Islands: 13 projects ($123.2 million);
- Belize: 12 projects ($57.2 million);
- Seychelles: 11 projects ($55.8 million);
- British Virgin Islands: 10 projects ($60.1 million);
- Malta: 8 projects ($113 million);
- Japan: 7 projects ($52.1 million);
- Thailand: 4 projects ($42 million);
- Slovakia: 3 projects ($41.4 million);
- South Korea: 2 projects ($78.4 million);
- Saint Kitts and Nevis: 2 projects ($38.7 million);
- Isle of Man: 2 projects ($37 million).