Fewer than half of all ICOs survive four months after the offering, while almost half of ICOs sold in 2017 failed by February 2018. Despite their record of failure and https://allcoinss.com the falling prices of cryptocurrencies, a record $7 billion http://daltonmcdq105.theglensecret.com/what-is-blockchain-technology-how-does-it-work was raised via ICO from January–June 2018. Any token sold via an ICO is considered a high-risk investment.
The tokens are promoted as future functional units of currency if or when the ICO's funding goal is met and the project successfully launches. Along with increased attention came increased scrutiny, and concerns about the legality of token sales. Securities and Exchange Commission put out a statement in 2017 warning that if a digital asset sold https://www.coincdesk.com/learn/what-is-an-ico/ to U.S. investors had the characteristics of a security , it had to abide by U.S. securities laws or face punitive action. More recently, Gary Gensler, the latest Chairman of the SEC, says he believes all ICOs are securities, and are therefore in breach of United States securities laws – hinting more class actions could be on the horizon.
