Startups raised more than $5.3 billion through ICO in 2017
ICOdata.io is a platform that tracks startups rolling out ICO as crowdfunding. Data show at least more than US$5.3 billion has been invested to support startup businesses during January to December 31.
The slowdown in August ended with a spike in September of US$798 million and continued to rise to December close to US$1 billion. A total of 769 ICOs have been launched this year with an average of US$7.1 million where the token market is growing in the business concept.
Investors increase spending as the economic concept becomes easier, proven, involving an active community and a credible team. Most ICOs prefer to be called 'utility' tokens compared to securities which would negate the necessity of dealing with federal regulators.
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