"Organizations have raised over $1.8 billion through initial coin offerings (ICOs) since January 2017. The ICO has skyrocketed in popularity as a fundraising model for new businesses, particularly those in the blockchain industry.
There is tremendous momentum in ICO launches as the ICO mechanism presents a relatively simple and fast alternative method of raising money for fledgling organizations.
The success in fundraising through ICOs is driving more and more organizations and initiatives to use the model as a means to achieve their funding objectives; many ICO campaigns have raised tens or even hundreds of millions of dollars.
However, the lack of regulation and control around ICOs gives rise to comparisons to the “Wild West” with risks in abundance, especially as the ICO model begins to increase in popularity with a broader set of investors."