Report reveals that ICOs have increased

[Buenoscoin]

A report by the ICORatings platform reveals that during the second quarter of the year, the Initial Currency Offer (ICO) has increased by 49% compared to the first quarter. On the other hand, they mention that, despite the increase, collections have decreased by 12% during the same period.

ICORating, which is an independent agency that researches, evaluates and qualifies ICO projects and assigns them qualifications, published its quarterly report in which they note that 288 ICO projects were launched in the last three months. In comparison to the 193 of the first months of the year, this represents an increase of 49%.

The report also indicates that 50% of the ICOs announced in this period were not able to exceed USD $ 100,000 of investment. Last year, for example, during that period only 13% of the projects were not able to reach that amount of money. For the platform, this is a reflection on the quality of the projects since, according to them, they have "significantly worsened".

Regarding the money collected by the ICO, the report says that 55% could not complete their collective financing or crowdfunding. On average, 17% of the projects raised between USD $ 1-5 million while another 12% raised between USD $ 10-25 million. It should be noted that the three best projects raised an average of USD $ 50 million.

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