Russia works out international ICO’s standard

The document can help investors not to throw money out the window
27 November 2017   1013

Russia is developing a new standard for assessing confidence of companies, which use ICO. The idea of the document belongs to Russian Association of Blockchain and Cryptocurrency, its director Arseniy Scheltsin believes that such a standard will help investors to avoid unfair ICOs. He also noticed, that ICO’s market is full of swindlers, which manipulate with ratings thus an investor cannot decide exactly, whether to cooperate with the company or not.

The standard will help to appraise companies and their ICOs according to rating points. It is expected that in the future the document will be valid not only for Russia but for other countries too. For that purpose the Association enters into a contract with 30 companies from over the world. The content of the standard will be coordinated with the international community.

Representatives of the Association noticed that this branch is not controlled yet by government and laws. The paper will be a real breakthrough in the issue of ICO’s superintendency.

 

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.