Estimates are indicating that the total sum of capital raised by initial coin offerings (ICOs) in May exceeded the total sum raised in April – comprising the first month-over-month increase in the total sum raised by ICOs in 2018 so far.
Also Read: Markets Update: Slight Comeback Shows Cryptocurrencies Press Forward
Month-Over-Month Performance of ICOs Up for First Time in 2018
As of this writing, icodata.io estimates that ICOs have raised approximately $715 million USD during May – a more than 27% increase over April’s total of roughly $516 million.
Mean Total Raised by ICOs Declines in 2018
The average sum raised by initial coin offerings has declined, however, with the mean total raised by 871 ICOs in 2017 equating to just over $7 million – half a million more than the mean total of almost $6.5 million raised by the 780 initial coin offerings of 2018 so far.
Year-Long EOS ICO Expected to Raise $4 Billion
Despite the enormous sum raised, EOS has garnered controversy within the cryptocurrency community due to EOS’ terms explicitly stating that EOS Tokens do not have any rights, uses, purpose, attributes, “functionalities or features, express or implied, including, without limitation, any uses, purpose, attributes, functionalities or features on the EOS Platform.”
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The post May Breaks 2018’s Down-Trend in Monthly Total Raised by ICOs appeared first on Bitcoin News.
Source: Bitcoin.com