Is it a good moment to start ICO?
This years turbulences in the crypto world might create some anxiety regarding the ICOs fate in general. But in fact, this June they almost surpassed the total value of all the Initial Coin Offerings in 2017 [according to Coinschedule]. Take a look at this graph:
We can say that even with the crypto fall at the beginning of 2018, the boom in cryptocurrencies has helped ICOs by increasing the number of investors and lowering the friction in this way of crowdfunding.
ICOs are growing up - and the number of STOs increases
The 2018 was an important year for cryptocurrencies due to regulations. Half a year ago we wrote, that the legal issues might be one of the biggest ICO challenges. Now the legal landscape is much more stable and predictable. We’re already past the most hectic moment, and we know a lot more about how to adjust to the law. Security Token Offerings are on the rise, as a way to comply with the new regulations.
The best time to develop and launch ICO
Ultimately, the best time to launch an ICO is when you are ready and sure about the safety and value proposition of your project. All the rest is less important.
But taking it into perspective the right time of year and the fine tuning of your ICO to get the best results, we’d suggest to avoid the dog days of summer - as the lowest point of the year in fundraising.
ICO and blockchain development time
Launching a custom cryptocurrency is a complex project. If you are planning your own ICO, you need a very precise estimation, with a margin for the unexpected.
If you are looking for help with your project, take a look at our 6 insights on blockchain development outsourcing:
>> Working On An ICO With A Software House
Look4App - a blockchain software house ready for your ICO
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