The Modern-day ICO Market

Dark Oblivion or New Transition?

Several months ago we’ve wrote an essay questioning if the ICO industry had died out, and it turned out that it was still breathing. The 2018 crypto market crash also played its role and those investors who were unfortunate enough to lose all of their spare cash were not so keen to keep on losing it. It seems that today, the ICO madness has gone quiet, and STOs have gently started taking over.

There are still a few adventurous ICO projects out there, and they aren’t afraid of challenges. Their boldness definitely deserves praise, all things considered.

But first things first, let’s have a look at what’s happened since the beginning of the year.

Numbers

According to ICObench statistics, there was an overall drop-off of the ICO market in February. With $178 million raised and 78 completed ICOs, the numbers are almost twice less than in the first month of the year.

It’s interesting that 38% of the funds raised in February went to a single project, initiated by the United Arab Emirates.

Another February trend includes a success rate that has fallen below the general average. ICObench listing is systematically decreasing.

In their report, ICObench notices that last month ICOs did alright with reaching their soft cap.

Companies are deciding to enlarge the ICO period. What once started as a one-month affair now seems to last three times longer. This can be explained by the current market state, as projects nowadays require more time to reach their targets.

If we compare the total February numbers of 2019 and 2018, it paints a clear picture: $178 million raised vs $1.6 billion.

And while some of the less fortunate ICO entrepreneurs are trying to sell their shattered dreams on e-bay, others are looking for a less shaky alternative.

STOs are currently among the positive trends and, in general, the number of STO projects has increased. In February there were 170 STOs running and 120 of them were completed and raised more than $500 million.

Although ICObench listing has a general descending trend since summer 2018, STOs are clearly earning the trust of both projects and the community.

ICO Name-Dropping

Now, let’s look back at 2018 and recall which of the ICO campaigns actually managed to succeed in raising funds and deliver (or not) what they promised.

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