Initial coin offerings and token sales raised $5.4 billion in 2017 and over $14.2 billion in 2018, according to KPMG . The rapid surge of Bitcoin created an impression that blockchain as a technology is going to disrupt everything. Bold, futuristic ideas emerged and raised money. Now, after the price of Bitcoin slid from $20,000 last December to below $4,000 , new funding for token sales has significantly declined. By October, token sales funding was down 90% from the […]
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