Jump to content
KYCbench

News in ICO Market

Recommended Posts

fLk3rNa.jpg



After the boom of 2017 and the beginning of 2018, the ICO market shows disappointment in traditional ICOs as a means of venture financing. A bearish market trend and a lack of new ideas to implement the blockchain in the traditional market, as well as the fact that investors became more experienced and prudent in their decisions are the main reasons for this. 

LtDb9yl.jpg
by ICORating

Also, the increase of regulatory activity, especially in the US and major European countries like the UK, Germany and France, has started a new class of fundraising on blockchain – security token offering, or STO. STO, as a mean of digital representation, refers to capital markets through issuance of regulated digital shares of equity or rights for profit sharing. Addressing the lack of transparency and regulation issues, STO could provide a smarter and more innovative approach to capital funding, attracting more of both private and institutional investors. Although there is currently no generally accepted regulation in terms of security token offering (STO) and digital assets, some regulators have already made some steps toward creating more favourable regulations for security tokens. Accordingly, it could be assumed that the interest in the STO, as an investment instrument, will be growing in the near future.

ICORating’s analysts have released their quarterly report for Q3 2018, which is built on comprehensive analytical data and insights. 

The average funding attracted by the top 3 ICOs was $33 million. EOS still tops the list of ICOs in terms of funds raised in 2018, followed by Telegram.

gLxSYFg.jpg
by ICORating

ICO organizers offered different types of crypto assets for sale with service tokens (49.05%) and utility tokens (25.3%) continuing to lead the way. 

The majority of projects were based in Europe (43%), which became the leader in terms of fundraising as well (48%, or $663 million). Asia showed a 65% decrease in funds raised and a 10% drop in the number of projects launched.

Taking into account the fact that the most popular industries by number of projects are energy & utilities, financial services and trading, while financial services, blockchain infrastructure and banking & payments were the industries where the largest funding amounts were raised, necessity and compliance with existing legislation and implication of Know Your Client (KYC) and Anti Money Laundering (AML) procedures is becoming a usual practice nowadays, where KYCBench, being GDPR and ISO 27001 compliant platform, is an ultimate solution for an outsourced KYC. 

Regardless to the ICO’s size KYCBench provides customized and tailored approach on KYC and AML checks, as the platform is designed to perform automated data processing, followed by manual checks, KYCBench also provide enhanced due-diligence reports, as there is another tendency, where ICOs are looking to raise capital mostly from professional investors, as there is less potential liability for the founders/directors in the future.

KYCbench, your reliable KYC partner
www.kycbench.com
GDPR & ISO/IEC 27001:2013 compliant

Please contact KYCbench today, the most reliable ID verification processor at: [email protected]

Join our Telegram Groups:
KYCBench Announcement
KYCBench Community


 

Share this post


Link to post
Share on other sites

All I can say that you need to be realistic about these things. I see so many people running badly about the market situation, but this is how it’s meant to be. IF anyone believes that Cryptos will run just one direction, then it’s stupidity. With Cryptos, you will see HIGHs and LOWs, and that in extreme way. So, I fully expect things to return back soon, there is just no rocket science about this. IF there is anything that I could spit out for people then it’s highlighting History of Cryptocurrencies! I hope it helps!

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.

Cryptocurrenytalk Logo

 

News, information, and discussions about cryptocurrencies, blockchains, technology, and events. Blockchaintalk is your source for advice on what to mine, technical details, new launch announcements, and advice from trusted members of the community. Cryptocurrencytalk is your source for everything crypto. We love discussing the world of cryptocurrencies.

 

   
×

Important Information

By using CRYPTOCURRENCYTALK.COM, you agree to our Terms of Use.