ICOs to Raise $118M in Q1 2019, - WSJ

That's 58 times less than in the same period last year when $ 6.9 billion was collected
01 April 2019   320

Cryptocurrency startups managed to raise $ 118 million through ICO in the first quarter of 2019, that is, 58 times less than in the same period last year when $ 6.9 billion was collected. Such data are reported by Wall Street Journal with reference to the TokenData portal.

According to the WSJ, investors are deterred by regulators actions against non-compliant ICOs, the proliferation of fraudulent schemes and an overall decline in the market.

TokenData analyzed 2500 project and figured out:

  • 55% failed to attract funding
  • tokens of only 15% of projects, which was able to raise funds, are being traded above ICO price

The article also cites the words of lawyer Joshua Kleiman, who believes that the idea of ​​ICO, despite the presence of many negative examples, deserves development, perhaps in the format of placing digital securities after defining the necessary legal concepts by regulators.

Bibox Exchange to Conduct 4 IEO Simultaneously

The allocation of tokens will be perfomed in the order of the lottery among holders of BIX tokens and the IEO to be perfomed at Bibox's Orbit platform
19 April 2019   141

Bibox cryptocurrency exchange presented four projects that will conduct the initial exchange offering of their tokens as part of the first wave of IEO on April 22 on the Bibox Orbit platform.

  1. The Force Protocol (FOR) is a distributed protocol of crypto-financial services based on a public blockchain system, providing opportunities for cross-platform asset transaction and communication, use of crypto assets from several blockchains to provide steybcocoins, issue tokenized bonds, etc.
  2. Ludos (LUD) is a solution for a distributed gaming ecosystem designed to bring large-scale blockchain games and economic incentives to life.
  3. Staking (SKR) is a decentralized asset management platform that allows investors to safely stack tokens.
  4. X-Block (IX) is a computing system based on the blockchain architecture.

The allocation of tokens will be perfomed in the order of the lottery among holders of BIX tokens. Potential investors will be able to declare how many tokens of a project they want to purchase based on their BIX, after which a separate rally will be held for each of the projects.