We know that a lot of ICO was conducted in 2017. Huge sums of money were raised during that period. 235 Token have raised money through ICO. Filecoin had raised highest amount of money ($257 million Dollar). Tezos, EOS, Bancor, KIN, TenX are among the top Tokens. Almost $3.7 Billion was raised through ICO in 2017.
ICO is the best and easiest way to raise money. ICO eliminates third-party cost and regulatory difficulties.
An initial coin offering (ICO) is a controversial means of crowdfunding centered around cryptocurrency, which can be a source of capital for startup companies. In an ICO, a quantity of the crowdfunded cryptocurrency is preallocated to investors in the form of "tokens", in exchange for legal tender or other cryptocurrencies such as bitcoin or ethereum. These tokens supposedly become functional units of currency if or when the ICO's funding goal is met and the project launches Source
2018 looks even more interesting for ICO. Already raised $981 million through ICO. It is rumored that Telegram could raise more than half a billion dollar in 2018. Silicon Valley investors are rallying to invest in Telegram ICO. Telegram could be the star of 2018. It seems that 2018 would be the biggest year for ICO.
Other than Telegram, Envion is also raised huge sums of money through ICO. It was raised $100 million. Please look at the chart below to get an idea.
What do you think about ICO? Please leave a comment below.
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Bitcoin is an amazing and workable currency in the current world.. i appreciate your post.
Not only Bitcoin, we will get more coins which are amazing and workable
ICO is more likely to issuing shares of a Company but I think the procedure of ICO is not as secure as getting initial shares offering due to legal documentation and banks involvement as intermediary parties. Further, recent few scams in ICO have created doubts over it's security and legality and somehow I believe that this year ICO wouldn't get so many success as they did for the first time in 2017. This is just my opinion. :)
I appreciate your great comment. There is bad and good project. our goal is to pick up the good one. Thanks again. Cheers!!
Agreed. Thanks.
Honestly, i don't really understand what an Ico is. I know there are many cryptocurrencies such as bitcoin and steem and ethereum. Are Ico other crpto aside the famous ones??
ICO - is intial coin offering, its like IPO on the stocks market , you simply buy these coins from creators before these coins go to public exchange.... mostly you are paying for these coins in BTC or ehereum or litecoin
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Great post.
Thank you for your appreciation
Nice article. I want to add an opinion. Although ICO is great from the organizer side. ICO is quite risky for investors. Especially for normal people who wants to invest in good project. There are no "guidelines" or any decentralized authority that will say, "hey, this ICO is F rated and probably scam", It's very hard to analyze.
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