Initial Coin Offerings keep attracting investment at a rapid pace. Even as governments across the globe introduce restrictions and stipulations regarding ICOs, the entire market has raised almost $9 billion dollars this year alone. The total was less than $4 billion for all of 2017.
Several companies have raised massive amounts of money through ICOs in 2018, but one company is set to shatter records for fundraising. A Cayman Islands start-up known as Block.one is set to see its year-long ICO conclude this week. It is currently on track to raise about $4 billion dollars.
Another ICO from TaTaTu recently said they raised about $575 million through a private token sale. Participants were said to include Prince Felix of Luxembourg and BlockTower Capital. Despite a flurry of criticism about the purported risks associated with ICO investment, a new study seems to suggest risks come with big rewards.
Research from Boston College looked at over 4,000 ICOs that raised about $12 billion dollars. They said an average investor gets a 179% return from the ICO price relative to the first day’s opening market price. The authors said a lot of ICOs are underpriced because many team members are not well-versed in token pricing.
As 2018 reaches the halfway point, many ICOs continue to be released that are legitimate offerings with great potential to impact their respective industries. However, it is important to remember that we are not financial advisors. All we are doing is just presenting information about different ICOs that can be found by researching on the internet. Please speak with an experienced and professional financial advisor if you are interested in investing in cryptocurrency or an ICO.
This week we’re going into depth on AMO Coin (AMO), Etheal (HEAL), and Etherisc (DIP). We looked at different components for each project, like the whitepaper and team members, to understand the growth potential and future prospects for the company and their ideas. Signing up for a Cryptosumer membership gives insight into the below ICOs and why the warrant further investigation.
AMO Coin intends to serve as a blockchain infrastructure that will help the next generation of automobiles by facilitating the sharing of vehicle information. The Etheal team is looking to build a global incentivized health platform that incorporates AI to show people where and how they can get the best healthcare. Etherisc is a platform to help streamline the insurance industry with an open protocol to make the insurance industry more transparent.
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