By 2018 Q3 Israeli Projects Raised Over $600 Million via ICOs

Israeli projects have raised more than $ 600 million through initial money supply (ICO) in the third quarter (201), according to a report by analyst company One Alpha Cryptocurrency published on November 2.

According to the study, 140 Israeli blockchain companies attracted a $ 1.3 billion investment, of which more than 60% and 88% of funds are associated with the ICO.

Between the first and third quarters of 2018 Israeli companies employed $ 606 million through ICOs, most of which occurred during the second quarter.

One Alpha notes that in 2017, just under 20 ICOs will raise $ 586 million. Since the beginning of 2017, the country has seen a steady increase in the number of ICO projects and the number of funds raised.

According to one Alpha, the total number of ICOs in the world in 2017 was about 350, compared with more than 800 on the reporting date in 2018. Between those same years, ICO funding rose from $ 6 to $ 20 billion.

The largest OIC in 2018 includes EOS ($ 4.2 billion), Telegram ($ 1.7 billion), TaTaTu ($ 575 million), Dragon ($ 420 million) and TZero ($ 328 million), according to the ICO - they represent less than 10% of the total volume of venture capital financing.

One Alpha also called a record year for cryptographic funds around the world in 2017, as 194 funds were opened that year, compared with 136 in the first eight months of 2018.

Yaniv Feldman, executive director of One Alpha, said the bear market dominant last year provided a "critical" relief to the industry, making the valuation a "reasonable level." He added:

"The boom and bust in December 2017 and January 2018 had cleansed the ecosystem, eliminating many speculators and leaving mostly real investors, operators and builders on the market. That's what was needed to move forward and create a successful ecosystem."

Some have called Israel "a startling nation," with Israeli startups who raised more than $ 5 billion in the capital in 2017. Israel has one of the largest percentages of technology startups that produce state-of-the-art technology. The launch of the Blockchain application, among others, has developed the Blockchain Drone Registry for tracking and securing commercial flights and deliveries.

In 2017, the largest Israeli bank, Hapoalim, co-operated with Microsoft to create a block-platform that "simplifies and accelerates the registration process for guarantors."


Popular posts from this blog

Samsung Galaxy S20+ BTS Edition ready to pre-order from 19 June!

Plans to allow cryptocurrency deposits and withdrawals Robinhood announces

The latest talk on Apple iPhone 13 rumors the specs, the features, and release date