ICO projects for 2014–2018 were able to attract 19.4 billion euro. These are the data of the report from the French financial regulator (AMF).
As writes the Truth.Ru, in the document, the ICO procedure is called the “marginal” method of financing. The report also indicates a high degree of centralization of capital in this sector. We are talking about 17 projects and about 40% of the total invested funds.
The AMF noted the rapid development of the ICO sector over the past two years. For example, last year, with the help of the initial supply of tokens, they attracted 5.6 billion euros (6.3 million dollars), for the three quarters of this year, the volume of funds invested in ICO increased by 13.4 billion euros (slightly more than 15 billion dollars).
The country’s regulator believes that the French ICO is given a modest share of this new type of financing. Thus, 15 projects managed to raise 89 million euros (100.5 million dollars), which is 0.46% of the amount received by all ICO projects in the world.