Future of ICO: Exclusive Interview with Coin360 CEO

Have you ever thought about launching your own project or startup? We all have. The crypto sphere is overwhelmed with people who have gone through with their ideas. You can see an example of this in the way crypto has incorporated crowdfunding into its structure. Ambitious crypto enthusiasts took the idea of crowdfunding and brought it to life in the crypto space. The working model fits quite well with crypto – in it, you invent your own coin in order to support a project which you feel strongly about. If people find the project useful and promising – they send money to help you develop the project, receiving the tokens you launched. Sounds pretty good, right? Well, this is basically how Initial Coin Offerings work.

Like most trends, it has its positives and negatives. A lot of projects are really helping to solve problems, as BlueOcean does in the medical sphere, but you also have to be very cautious when investing to avoid getting deceived. ICOs are risky due to a variety of reasons – from lack of government regulations to the manipulations of hackers and thieves.

Regardless, the number of ICOs listed rose by 282% in 2018 (3804 projects) compared to 2017 (1349 projects), but the total number of funds raised increased by only 15% in 2018. In addition, the average lifespan of an ICO was twice as long at the end of 2018 compared to where it was at the end of 2017 (stats from ICObench).