On October 7th, CobyGecko co-founder BobbyOng mentioned in an article last week that data shows that in 2018 Singapore completed 228 ICOs with a total financing of $1.6 billion. The location of the Ethereum Foundation in Switzerland is only the 6th most popular ICO region in 2018. In 2019, IEO (the opposite form of financing from ICO) became the most popular form of financing. In the first half of this year, Singapore once again led the world. A total of 72 IEOs were conducted, raising a total of $130 million. First-time token issuances (ICOs) and first-exchange exchanges (IEOs) provide another way to finance entrepreneurs. Singapore is the global leader in ICO distribution.