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ICOs See a Massive Decline According to The Wall Street Journal

ICOs See a Massive Decline According to The Wall Street Journal

Compared to just a year ago, The Wall Street Journal reports on March 31, 2019, that ICOs are raising 58 times less money due to tighter restrictions and unprofitable token launches.

No Longer Profitable?

Initial Coin Offerings (ICOs) have been a bit of a mixed bag in the crypto space. They’re banned in several parts of the world and in the United States, the Securities and Exchange Commission (SEC) has been kept on their toes shutting down fraudulent and unregistered ICOs.

For a time, they were the go-to method for young blockchain and crypto startups to get the funding they needed and they often raised millions of dollars while doing so.

Now, it would seem that they have fallen out of favor as The Wall Street Journal reports on March 31, 2019, that in the first quarter of 2019, ICOs raises 58 times less than what they did in the first quarter of 2018.

According to the figures provided by TokenData, ICOs raised about $118 million in funding for the first quarter of 2019. This, on its own, seems like an impressive figure until some context is provided.

To compare, the first quarter of 2018, which was just a year ago, saw ICOs raise a staggering $6.9 billion, a clear dropoff since this year.

While more institutional money has been flowing into the crypto space, firms are no longer turning to ICOs and investors are no longer putting money into them. Should this downward trend continue, some have commentated that the industry could be looking at the death of ICOs altogether in the next year.

Why the Drop?

A number of factors have been pointed to as the reason for this new development. One of the first is tougher actions being taken by law enforcement to combat unregistered or fraudulent ICOs. While this is a good thing, it is not impossible that investors are being scared off by the constant presence of law enforcement.

Another thing to consider is the fact that while very successful ICOs are consistently being reported on, TokenData states that only about 45 percent of the projects they have tracked have raised the funds they were looking for.

Even worse, out of all the ICOs that were successful, only 15 percent have been found to be trading above their initial price as of now.

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Published at Tue, 02 Apr 2019 02:00:03 +0000

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Selecting the Best Accessories for Your Cell Phone

Communication is essential in today’s busy world. Everywhere you turn, people are talking, texting blogging and surfing the Internet on their cell phones. With increased use, functionality and popularity, cell phone accessories were created to make toting around your portable device and staying connected 24/7 easier than ever before.

The Types of Cell Phone Accessories

When people hear the phrase, cell phone accessories, they often think of cases, covers and aesthetic additions to the cell phone. Cell phone accessories are not limited to aesthetics. There are many choices in the accessory market that prove more functional than beautiful.

For the MP3 compatible phone, there are accessories to listen to the music through your car speakers, portable speakers and charging devices that are essential due to the battery spent while listening to music. This is just one example of cell phone accessories that are more functional, common categories include batteries, Bluetooth, cases, clips, car chargers, home chargers, USB cables, car kits, mounts, wireless kits, downloads, applications and more.

How to Choose the Best Accessories

The first step in choosing the best cell phone accessories is understanding the model number of your phone. There are phone names and then there are model numbers. The Motorola Razr, for instance, is a phone name. Under that name there are many different models. The V3i offers integrated iTunes and will require an additional battery or portable charger on a regular basis. Other Razr models will not fit the same accessories as the V3i, or other Razr model numbers.

Once you know the name and model number of your cell phone, many manufacturers and online retailers will list the available accessories. Just because an accessory is available for one cell phone does not mean it will be available for every cell phone. This means researching the accessories available for a cell phone before choosing the phone may be a money saving option in the long run.

Another huge factor in choosing the accessories for your cell phone is your daily life. If you use your cell phone in the car, a car mount will increase safety. If you use your phone only occasionally, a Bluetooth earpiece may not be something you will benefit from. The idea is to ask yourself these questions:

  • What do I do with my cell phone every day?
  • Do my activities require additional battery life?
  • Am I using my cell phone to its full capacity?
  • Is the accessory cost going to be recouped in ease of use?
  • Will I use the accessory every day?

Cell phones are available all over the world; keeping people connected to each other 24 hours a day, seven days a week. This constant connection and the huge increases in network speeds and connectivity between the Internet and the cell phone point toward the accessory market. The more your phone can do the more accessories available to make that cell phone and your use of the cell phone, all the easier and more productive.

The post Selecting the Best Accessories for Your Cell Phone appeared first on Mokey International.

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