ICO initial coin offering 2019 started slowly for ICOs. According to the data collected by Icobench, 47 ICOs were launched during the first week of the January. Their data also tells us that only $6 million was collectively raised in the first week of January.
Such a decline of initial coin offerings is a consequence of market changes in the end of 2018. $1.45 billion was raised during the first half of 2018, but in the second half of the year, ICOs managed to raise only $500 million.
One primary reason for this is that in 2018, people became more aware of ICO scams, as well as the fact that 50% of the ICOs organized during the Q3 2018 failed. Plus, new possibilities such as IEOs and STOs showed up as a better fundraising alternative.
Still, during the 2018 and the beginning of 2019, some ICOs stood out from the crowd of failures and scams, and those companies achieved great succes with ICO fundraising. Let’s take a look at them.
Telegram Open Network (TON) – one of the biggest ICOs in history
Telegram is a messaging app provider that applies decentralization to digital communication, founded by Pavel Durov. In April 2018, the company announced that it raised $850 million throung initial coin offering. Plus, this was only addition to their previous offering, bringing the total that Telegram raised to $1.7 billion.
Now let’s take a look at 2019, and an example of a successful ICO in that period.
Chelle Coin (CHL) – cryptocurrency meets real estate
Chelle Coin is a cryptocurrency belonging to Chelle Service Capital. The company is based in Ontario, and is backed by North American True Estate. It’s a real estate investment platform build on Ethereum network.
Chelle Coin had its pre-ICO launch phase in Q3 of 2018. According to data published by Icobench, by January 2019, Chelle Coin had raised $80.2 million through its ICO. The company’s success is even bigger if we consider overall state of crypto market in the end of 2018 and the beginning of 2019.
Are ICOs still worth the investment?
With such a big number of ICO failures, scams and the current bear market, you’re probably wondering does it even make sense to invest in an ICO in 2019? The short answer is yes, it makes sense.
Not all ICOs are dead. Yes, some of them failed, but failure can happen to any business. ICOs will simply have to learn to adapt to current crypto market and regulations. In the examples above we saw that with a high-quality product or service, a team of experts, the right implementation of blockchain technology, and well-handled marketing, an ICO can succeed.
Find Alerts for legitimate & good airdrops on the bigger Twitter promoters.
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