Despite the concern of regulators around the world, the amount of funds raised through the ICO exceeded $ 4 billion, writes WSJ. At the same time, most of these funds were collected in 2017: as early as 2016, this figure was $ 225 million. 2017 as a whole became a breakthrough for everything that is directly or indirectly associated with bitkoyn, crypto-currencies and blocking. Along with the growth of crypto currency, especially bitcoin, which at the beginning of the year was still not reaching $ 1,000, and now costs $ 17,000, the ICO market. According to the research company Autonomous Research, by the end of 2016 the amount of funds raised through the initial placement of the crypto currency amounted to $ 225 million. This year, this number increased 18 times. ? Nevertheless, the number of critics of this model of attracting capital is constantly growing. The danger and riskiness of the ICO was expressed by the regulators of almost all major states. They warn that a person investing in this way is in no way protected by law, which is used by many unscrupulous companies. Of the latest charges: former representative of the Securities and Exchange Commission (SEC), Stanford University professor Joseph Grundfest said that the ICO is a violation of all existing standards and called on the SEC to introduce restraining measures as soon as possible. In 2017 a large number of start-ups attracted funding through ICO. They celebrated success, competed in the one who managed to attract more investment, and slowly the noise died down. Next comes the most difficult.

Companies will have to realize what they have collected money for, and at this stage, many are waiting for problems to appear. It is obvious that in 2018 we will see the first real successes and failures of the ICO model, because it will be necessary to show the results. In this case, the first cases of fraud and loss of money by investors. For example, we wrote how hackers robbed Tether for $ 30 million in a crypto currency.

Original article: The amount of money raised through the ICO exceeded $ 4 billion.