The first completed ICO of 2019
VOCO Token (VCT) ends its ICO, in the midst of a very quiet time for initial coin offerings…
December saw a 2018 monthly low in the number of initial coin offerings being completed, with – according to figures from CoinSchedule – 46 different ICOs reaching conclusion. By way of comparison, back in January 2018, the figure stood at 97, whilst the previous quietest month in 2018 was September, when 55 ICOs ended their funding round.
There’s been a squeeze on initial coin offerings, that have increasingly been interesting regulatory bodies over the past few months. And as we sit seven days into 2019, the ICO landscape is eerily quiet. In fact, according to CoinSchedule, just one ICO has thus far been completed in 2019, after launching last year.
The project in question is Voco, which is described in its white paper as “a breakthrough service and sales engine, that automatically engages customers following a voice call, Ad click or post-sale”. As such, the Voco Utility Token has been launched to use within the Voco chat application, “as a reward in several instances, such as for promoting a product, a service, a vendor, or in a the [sic] form of a discount while buying a specific product or service”.
Voco Chat is an interaction tool aimed at business users, with the idea of boosting activity by way of offering incentives to customers and businesses. “A network for next generation chat”, the aforementioned white paper claims. You can read the document in full here.
The ICO raised just over $3.5m, and – as per the project’s website – the price of a Voco Token (VOCT) sits at $0.20. A handful of other ICOs are currently running, but the trend remains very much downwards.