2017 was a breakthrough year in the history of initial offers of coins. Understand the success of the largest ICO of the past year and how this information can be useful for selecting ICO in your investment portfolio.
ICO is the “initial offering of coins”, a method of collecting investments through the release of start-ups of its own crypto-token tokens, a form of crowd-fencing, which is almost ideal for recruiting initial capital of innovative projects. For the first time this method of fundraising was carried out on the basis of Ethereum in 2014, but until last year it was not widely spread. In 2017, ICO outscored the traditional venture capital investment in the volume of capital that such images brought to startups. More than 3 500 000 000 American dollars were attracted in a year. We tell about the largest ICO of the past year – those who were able to exceed the threshold of $ 100,000,000.
7. Qash – $ 106 million
ICO exchange platform Liquid, providing users with tools to facilitate the withdrawal of their digital assets in the currency of the currency passed in Japan in early November. This was the first ICO, which received a license from a Japanese regulator and was in compliance with the updated legislation to attract initial capital. The project belongs to the FINTECH company QUOINE, founded by Mike Kayamori and Mario Gomez Lozand in 2014. Trading in currency began on December 1.
6. Status – 107 million
The Swiss-Singapore project, which includes several Russian developers, undertook the creation of a user interface platform for various tasks. Simply put, Status is a browser with the ability to exchange messages and translations into ETH, the visual part of which is formed by users themselves in accordance with their needs. ICO project, which began on June 20, caused such a stir that Ethereum-networks were overloaded and transactions took place with great delays. Next, the Etherscan.io site, which monitors Ethereum blocks, went to offline. The reason for this, apparently, is the problem with the scaling of the etherium network and the fact that users inattentively read the recommendations for the purchase of tokens. Completely deal with the problem of unconfirmed transactions was possible only after thirty hours.
5. Polkadot – $ 145 million
Multi-Chain project, designed to create a structure for data transfer between block-ecosystems, so that they can exchange information between themselves using a protected tool. From the point of view of the ICO, the project is especially interesting because in its original offer of coins the principle of the “Dutch auction” was used, when the highest price is first pronounced, which decreases after certain time intervals. Sales stop when the upper limit is reached, which, like the value of the token, dynamically decreases over time. Since December, Polkadot has experienced problems with freezing funds in the Parity wallet accounts, where more than a third of the funds raised by them are stored, but the developers of the project say that they will continue to work despite these difficulties.
4. The Bancor Protocol – $ 153 million
The project’s founder, Eil Herzog, proposed a tool to increase the liquidity of crypto-currencies – smart tokens, which would allow faster and easier exchange of digital coins for others, which makes it easier to go to their conclusion in Fiat. ICO took place from May 30 to June 12 and allowed to attract almost 11 thousand buyers (among which there is, for example, the investment fund Blockchain Capital). The primary offer was made in ether tokens, the volume of which was 317.38 thousand ETH. More than half of the funds were raised during the first hour of sales.
3. Sirin Labs – $ 157 million dollars
The top three leaders are the British-Israeli project to create block-smartphones Sirin Labs. A protected premium device not only has the most powerful hardware and cryptographic security package, but also carries a 16-megapixel camera. At the time of the ICO, Sirin Labs had already released one product – Solarin and was assembling a Finney smartphone, named after cryptographer Hal Finney, for a new cryptic device. During the first four hours of ICO, the company collected almost a third of the final sum.
2. Tezos – $ 232 million
The second place in our chart is Arthur Breitman and his wife Caitlin, the founders of Dynamic Ledger Solutions, which collected more than two hundred million dollars for its project of a new detachment more reliable than Bitcoin or Ethereum. However, not everything is so smooth: the ICO was completed in July, but in the autumn several lawsuits were filed against investors against the creators of Tezos and, in addition, a request to issue a legal injunction to sell and transfer the digital assets that support the project.
1. Filecoin – $ 257 million dollars
ICO-record holder for the amount of collected funds – the project of American Juan Benet Filecoin. This is a decentralized data storage tool that allows users to share their disk space with each other in exchange for FileCoin coins.
ICO, which started on August 10 and ended on September 7, already in the first half hour allowed the project team to raise $ 200,000,000, and by the end of the round brought another $ 57,000,000.