REPORTS AND DUE DILIGENCE PLATFORM FOR OTHER ICO’S
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PROBLEMS WITH THE ICO MARKET
We think ICO projects are an incredible tool of crowdfunding and we know that clarity and transparency is key to presenting a great product to a global audience.
Our goal is to create an environment where project are easily deciphered and understood by the participants in order to empower them to make the best decisions.
There is a current lack of transparency in the ICO market
The current scope of the projects is hard to understand by the regular participants in terms of technology and utility
With our project vetting platform, we will add an additional layer of trust for finding great & innovative AI projects in the crypto market
New projects are coming every day in the crypto market. Our tools help users go beyond the FOMO and provide understanding for the overall technicalities of the projects
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A $13 Billion Global ICO Market
The report cited Daniel Diemers, the head of Blockchain EMEA at PwC Strategy, who in cooperation with Crypto Valley and four researchers based in New York, Hong Kong, and Zurich, found that ICO activity has actually increased in 2018 despite the 70 percent correction of the cryptocurrency market.
The vast majority of the funds received by 537 token sales in the first and second quarter of 2018 likely came from investors that already held large sums of bitcoin and ether, the native cryptocurrency of the Ethereum network, as to invest in tokens, investors are required to send BTC and ETH to the project operators.
Contrary to the claims of many analysts and investors, token sales demonstrate an endless cycle in the market of fund circulation. While it is true that ICOs eventually dump large amounts of BTC and ETH to the market, those funds are bought again by investors who then fund other ICOs with BTC and ETH. New capital was not injected to new tokens; existing players in the crypto market used their crypto holdings to invest in ICOs.
In 2017 the ICO market had a total funding amount of over $6 billion
In 2018 the ICO market had a total reported funding amount of over $13 billion
Voice Assistant use is set to reach 275 million by 2023
Juniper Research has found that the adoption of voice assistants such as Alexa and Google Assistant will be a key factor behind smart home growth, with 275 million voice assistant devices used to control smart homes by 2023.
This is up from an estimated 25 million in 2018, a growth of 1000%.
Juniper found that the introduction of routines from both Amazon and Google means that voice assistants are now the most convenient way to combine desired actions in the smart home; creating a more cohesive user experience across the smart home ecosystem.
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