How can Security Token Offering change the game in Cryptosphere?
For quite some time, Initial Coin Offering (ICO) has been in limelight for it provided a global reach to entrepreneurs for raising capital for their businesses. The worldwide collection of funds through ICOs was $6.3 billion in the year 2018. However, at the same time, this particular has also got infamous due to its involvement in various incidents of fraud committed across the globe. Although it had provided a vehicle for success to many entrepreneurs, its grey side drew more criticism than applause for its innovation. Decline of ICO Consequently, the results started to get gloomy for ICO projects and their success ratio descended to a petty 29% by September 2018. Moreover, the global outrage over the fraudulent activities made them look more surreptitious. However, that is not the only reason behind the failure of this method of crowdfunding. Experts tell that the consistent bear market is one big reason why the ICOs are failing now. The steady fall in the price of bitcoin