ICO and cryptocurrency scene in singapore

Many people said that funding is not easy nowadays, so i managed to get these ICO funding stats for Jan 2018 to Aug 2018. As we can see, it is not really true and i feel that institution funds are coming in.

In 2018, we are really flooded with lots and lots of project. What will we be looking next? The funding for quality project will depends heavily on VC and family office, wherelse weak project will not get sufficient funding.

Despite not having US/UK for public sale, most funding still comes from these 2 country. Singapore is also not lacking behind. Unfortunately, i am unable to get some stats of certain country.

Protocol project gets a lot of support for funding and the weakest is music/art industry.

Things changed regarding ROI, heavily depends on the bonus project gives to attract investor. Too high bonus result in dumping of coins after listing in exchanges. Tokenomic plays a very important role for project success.

During bull market is actually the best time to sell away your ICO coin that you had bought. Bear market is actually the best time to buy ICO again. The calculation is pretty easy.

Most of the project are still using ERC20 token for their project. Reason being easy to create and easier to list in exchanges. However this year some project has started to use other protocol. That also means that previous project that hugely use Ethereum will be cashing out for operations.

As many project are worried about SEC saying their token are security token, they declare they are security token and fulfil features of security token. However security token may have some issue in listing in exchanges.

Singapore being a small city, but the search in ICO is ranking №4. Maybe that’s also the reason why everyone is flying to Singapore to register their business. I have been seeing a lot of oversea country projects registering their company in Singapore.

In Singapore, there are some crypto hub. Justco, singapore shopping centre, suntec and the central just to name a few.

Event in singapore are also very popular. Cryptoprofile.com team member are busy meeting new community and networking around for exposure too. Pitching event are like almost every day and sometime there are 2–3 event on a same day. Summit event are usually once a week.

Lastly, what is our latest update? We have successfully organise “Meet the VCs” event. Although we are not running an event company, but we are able to help project reach out to these VCs to get funding. VCs also like to meet the rest of VCs to share pointers and discuss about what they have been investing and which project they invested.

For more information: https://www.cryptoprofile.com/#/contact

Cryptoprofile Max Ng

Written by

Got active in crypto since early 2016. Has been an Educator, trader, Influencer and community leader. Founding member of cryptoprofile.com

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