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Chuck Reynolds
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Chuck Reynolds   My Press Releases

Let's look at ICOs, One Year Later

Published on 1/20/2019
For additional information  Click Here

ICOs: One Year Later

  

With the sale of digital coins,

start-ups have taken many billions of dollars of capital last year. For the financiers, however, that has by no means paid off according to a study.

In August 2018, Digipulse declared himself a victim of a hypeship, which it was co-fired with. At the end of 2017, the start-up acquired approximately $25 million in an Initial Coin Offering (ICO) through Ethereum blockchain platform to build a secure digital asset inheritance service. But other ICOs were in demand at that time, so the price of Ethereum units shot up. This, in turn, meant that the use of the network became too expensive for Digipulse.

So the young company was radically re-thinking: Instead of storing it in a blockchain, data is now classically stored on cloud servers, and those who want to use the service can only pay in dollars instead of using crypto-money. So you can confidently consider the Blockchain plans of Digipulse as failed.

Trending Cryptocurrency Hub Articles:

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3. It’s Time to Take Back Control! How Pocketinns Will Democratize Trade
4. A Crypto that will Pay You

Higher risks with ICOs

Nevertheless, the company is one of the positive exceptions in the ICOs of 2017, because after all, it still exists and has developed a specific product. The majority, on the other hand, sees things differently: The audit firm looked at the 110 largest ICOs in 2017 and found that 71 percent of them had neither a finished product nor a prototype until October 2018.

Also, the value of the digital coins they issue was well below their first market price in the vast majority of cases?—?here Digipulse is no exception. Anyone who would have invested in a portfolio of the examined ICO coins on January 1st, 2018, would have recorded a loss of

To read more on this subject, please click the following link..

https://markethive.com/group/cryptocoin/blog/icos-one-year-later2

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