The market has led to having a different mechanism and a cheaper way that we could host the crowd sale; this is because of the bear market and the slow change in sentiment in most of the investors around the ICO (initial coin offering). It was witnessed a staggering collapse of about $2.5 billion in the recent ICO funding carried out in January to approximately $181 million in the month of September.
It is a clear evidence that most of the start-ups within the market will need to establish better ways in which they can reduce the costs and risks involved.
Therefore, these organizations will need to ensure they are able to trim off the excess fat where it needs to, and the easiest way this can be achieved is through token sales on the ICO platforms that have been launched. It is actually an inexpensive option for investors to look into, not forgetting it can be a precious option in which funds can be raised quickly.
With the use of this methods, we will notice that most organizations will not need to attract the level of funding that is required when they are justifying the bespoke platform. With the changes that have been taking place in the market, startups cannot afford just to throw around funds to have an adequate ICO platform up and running, in fact, they are sourcing for cheaper ways they can get all this done; thus, it helps them to balance their books easily.
It Is Clear We Are In The Era Of Changing Times
The crypto market has been growing drastically, and it might actually seem that the crypto bubble appears to be going as Bitcoin has been able to grab some international attention from the headlines that are stopping just a little short of the $20,000.