2018 has seen a big drop in the number of ICO’s per month: From 144 in May to only 31 in October. The reduction in token sales marks a shift to quality over quantity as the landscape matures amid regulatory pressure.
The tightening of the ICO market can be compared to the IPO market following the dotcom crash nearly 20 years ago. During the dotcom bubble many companies IPO’d early in their life cyсle, often pre-revenue and even pre-product. After the market tightened, it became the norm for companies to present several years of operating history and profits before holding an IPO. Similarly, while many crypto projects ICO’d in 2017 and early 2018 based on future vision and product specs alone, the recent market tightening marks a return to sanity as lawyers and investors now require projects to at least demonstrate working products and prove a need for the token to be ICO’d, before launching a token sale.
The current ICO landscape provides both challenges and opportunities to new projects...
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