Crypto-currency start-ups attracted $ 797 million in the second quarter

10 September 2017, 01:14 | Technologies
photo InternetUA
Text Size:

Startups for the second quarter of 2017 during the ICO were able to raise $ 797 million in the crypto currency. For comparison, in the first quarter of investment amounted to only $ 36 million. It is assumed that such a sharp jump is due to the fact that in June three large ICOs were held: the Bancor exchange for crypto currency attracted $ 153 million, the developer of the mobile application Status - $ 95 million, the creators of bank cards for TenX crypto currency - $ 83 million.

Also, according to the founder of the finteh-platform BankEx. com Igor Hmel, the growth of crypto-currency investments is associated with qualitative changes in the ICO market.

On the one hand, ICO has more mature and professional projects, and on the other hand, crypto-currencies become more expensive.



Startups began to understand that it would be more profitable to use the ICO instrument to attract financing, rather than apply to venture funds, Igor Khmel.

However, it is possible that after the ban on holding ICO in China in the third quarter, the amount of investment can significantly drop.

Large amounts always attract the attention of tax authorities in the US and Russia. Turning a crypto-currency investment into an ordinary currency is very difficult if it is a question of amounts exceeding $ 10 million, Co-founder of the investment company Exante Anatoly Knyazev.




Add a comment
:D :lol: :-) ;-) 8) :-| :-* :oops: :sad: :cry: :o :-? :-x :eek: :zzz :P :roll: :sigh:
 Enter the correct answer