It is a well-known fact that unfortunately 2018 was not the best year for crowdfunding blockchain projects. The 1130 ICO projects launched in 2018 could only collect $7,109,053,324 in total. Almost 50 percent of this amount was collected by only 3 ICO including Dragon, Telegram and Pedro so in reality most of the ICOs were unable to collect the funds they initially planned despite having a great project and execution. Many ICOs couldn’t even reach their soft cap to start their project. Startups raised just $326 million in August, the smallest amount since May 2017, according to data complied by Autonomous Research. That compares with about $3 billion on average during the first three months of the year. Source
Experts believe that there are several reasons that led to this total crypto market trend specially Ethereum dollar value and further fueled by Ether selloff.
We recently announced that AGATE has reached it’s softcap well before the end of pre-sale. However, we have spent lot of time strategizing and ensuring that we protect our contributors funds and have had to make some decisions based on current circumstances. AGATE team has jointly come to a conclusion that extending the public sale is the best way forward for AGATE and it’s valuable contributors. Hence, we have decided to extend our public sale till later date in 2019 and only keep private sales open while you still can participate till 15th Oct 2018 12:00:00 UTC and get 5% discount. Please note that public sale won’t start after this date as initially planned.
You can be rest assured that AGATE’s team will tirelessly work on the project development and growth and you’ll hear more updates about it in due course. We would like to sincerely thank all our investors, contributors and entire community who have shown trust in us and in this project. We invite all of you to tune in to our social medias and blog.