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Why ICOs need ETH

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Why do ICOs need ETH? The Ethereum Foundation recently released a report on ETH.

Why ICOs need ETH

Why do ICOs need ETH? The Ethereum Foundation recently released a report on ETH. It pointed out that from January 2018 to the end of March 2019, over 50 projects raised around $2 billion through ICOs.

However, despite the massive amount of funds raised through ICOs (as of the time of writing), the actual funding is much lower than the ICO amounts. According to the latest statistics, 12 companies conducted ICOs in the first half of 2019, accounting for over 20% of the total investment in the blockchain industry. While most ICOs are currently being conducted in the United States, there are still very few participants in the global crypto field. Therefore, ICOs must take into consideration factors such as US policies and regulatory environment. We believe that without the support and supervision of the US government, it would be difficult to advance ICO projects.

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