Pricewaterhouse Coopers (PWC) has published a report in collaboration with Crypto Valley seeking to provide “a strategic perspective” on the initial coin offering (ICO) and security token offering (STO) sectors. The report finds that security tokens “are not fundamentally different from ICOs,” estimating that their combined total raised almost $20 billion during 2018.
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Combined Sum Generated Through Cryptocurrency Fundraising Nearly Triples Year-Over-Year
The report note that more than 1,132 ICOs and STOs successfully took place during 2018, more than double the 552 offerings that occurred during 2017.
While the total amount raised by token offerings in 2018 tripled the combined sum generated in 2017, just two ICOs accounted for 29 percent of the total raised last year, with Eos raising $4.1 billion and Telegram $1.7 billion.
Despite the record sum raised, the report notes that the total raised and the number of offerings…