Kickstarter won't work with ICOs

ICO total investments almost reached $ 4 B, while Kickstarted helped to raise $ 3.04 B
14 December 2017   1799

Kickstarter, the largest crowdsfinding platform, is not going to support the investment model of the initial coin offering (ICO). This is reported by CoinDesk.

The answer is 100 percent a very firm no. Kickstarter's mission is to help bring creative projects to life. Kickstarter is committed to the arts. (ICO is) not something we looked into or will look into.

Kickstarter Spokeperson

Launched in 2009, the platform for all of its existence helped raise $ 3.04 billion for various creative projects, according to official statistics. For comparison, according to CoinDesk ICO Tracker, to date, the total investment in the ICO area was $ 3.8 billion.

In addition, in 2015, Kickstarter changed its legal status to a "public corporation" after a wave of accusations that the site is only interested in making a profit.

This is a relatively new type of registration, which is suitable for companies pursuing socially important goals and simultaneously responsible to shareholders. One of the three co-founders of the platform in the past compared its shares to "ownership of the rights to a popular song."

ICOs to Lose Popularity, Diar Research Say

Diar assumes that in the future unregulated ICOs won't attract significant attention
11 December 2018   59

Although since the beginning of this year, ICO-startups have managed to raise over $ 12.2 billion, the November figure was only $ 65 million, according to data from a new study of the Diar portal.

According to analysts, the once popular method of financing, which allowed startups to attract tens and hundreds of millions of dollars in the absence of any product, exhausted itself against the background of fears about regulators' actions and the general dynamics of the cryptocurrency market, which did not leave retail investors with anything except for an unpleasant aftertaste.

This version is also supported by the data from the TokenData portal, which Diar leads in his research. Even with respect to the October levels, which constituted only a small fraction of what could be collected a few months ago, the November figures were 3 times lower.

Diar assumes that in the future unregulated ICOs as we have known them over the past years will no longer attract significant attention and will give way to regulated platforms of tokenized securities.