ICOs Raised $160 Million in First Half of January, Report Says

ICObench report: ICOs accomplished within the first half of January have raised $160 million, about 33 % of the mixed quantity secured in December.

Initial coin choices (ICOs) accomplished within the first half of January have raised round $160 million. The determine was supplied in a report by initial coin offering score service ICObench shared with Cointelegraph on Jan. 18.

ICOs accomplished by Jan. 15 have managed to boost about 33 % of the mixed quantity raised within the earlier month of December. Half of that sum was secured by only one challenge, the report notes.

According to ICObench, the variety of fundraisers which are set to happen in January is greater than 150, a determine much like the previous seven months, excluding December.

In January, the mixed onerous cap — the utmost amount of cash {that a} challenge can safe from traders throughout an initial coin offering — quantities to greater than $four billion. As per the report, three fundraisers out of the 5 largest this month have reached or virtually reached their onerous caps.

ICObench additionally reported that the variety of initial coin offering listings has continued to say no in January, suggesting that the phenomenon is shedding its reputation.

In phrases of quantity of funds raised, Canada has been main throughout the first half of the month, with a mixed determine of $80 million. However, with regards to the precise variety of initiatives, the Netherlands ranked first.

ICO statistics by country in the first half of January 2019

initial coin offering statistics by nation within the first half of January 2019. Source: ICObench

On Jan. 16, main crypto trade BitMEX launched a report claiming that initial coin offering groups have misplaced 54 % of worth of the preliminary $24 billion price of tokens allotted to themselves because of the decline in coin costs.

Original supply: https://cointelegraph.com/news/icos-raised-160-million-in-first-half-of-january-report-says

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