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My company, Inmusik, managed to raise more than $7 million before its ICO launch.
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There is also concern over ICO launches and actual utility of Ethereum-based smart contract tokens.
Will nearly every ICO launched in the last few years fail?
And, I for one can certainly vouch that hardly a day passes when I do not receive a slew of press releases on ICO launches in the crypto space.
The creators of Filecoin, a new ICO launched last week, reportedly engaged the law firm Cooley LLP to help structure the offering, which was limited to "accredited investors" in accordance with Rule 506(c).
And there's reason to believe those ICOs launched recently will be successful.
So the market dropped by 70% between February and April, yet the number of ICOs launching projects isn't decreasing?
Some of the ICOs launched during this time could be classified as securities offerings, which is obviously a no-go with the SEC.
With so many ICOs launched in the past year, and in a fintech environment that is largely unregulated, it is easy for "bad guys" to enter this market.
"There are a large number of ERC20 ICOs launching on Ethereum this month, as the ERC20 framework makes launching tokens simply and smooth," said Chris Keshian, co-founder of the Apex Token Fund, a tokenized crypto fund-of-funds.
China moved to ban initial coin offerings (ICOs) after the PBOC said that 90percentt of the ICOs launched in China were found to have been fraudulent.
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