According to media reports, recent reports indicate that the ICO model will disappear completely in 2020. The original source of the newspaper came from the tracking site ICO Watch, but after Longhash collected data from it in August, the site disappeared. In January 2018, it experienced the peak period of more than 160 ICO projects, but by October of this year, this number was zero. LongHash concluded that even after the start of the bear market in January 2018, ICO was still running at more than 100 per month, but by 2019, the flow of ICO projects was almost reduced to zero. Similar in raising funds, the total ICO funding in 2019 was about $338 million, a 95% reduction from 2018.