Ernst & Young – the big four auditor and global professional service company – has recently released a report on Friday, October 19, showing the performance of ICOs in the last year. The report goes to note that the ICO fundraising method has done “little to inspire confidence” among investors.
The report called as “Class of 2017” shows the state of ICO market of one year down the line. Back in December 2017, EY released an ICO report showing data for a total of 372 projects. Of this, 110 are standout ICOs which amount to 87% of all funds raised. Moreover, from the name itself, it is clear that the report determines the class of ICOs in terms of progress and value.