The Tezos Blockchain smashed all records with the biggest ICO to date. With the amazing amount of $232 Million dollars, they smashed the Bancor ICO which made $150 Million dollars. These numbers represents a rise of over 870% for the ICO market cap over the last year.
ICOs have opened up a new world of fundraising for start-ups and entrepreneurs by offering them an opportunity to raise significant capital through the use of cryptocurrencies, without headaches associated with having equity stakeholders and regulators. This new technological model, that combines ideas with the Blockchain technology has strongly challenged and shaken the Venture Capital business model
A research firm called Smith & Crown reported that $522 Million has been raised in the first five months of 2017 from just 65 ICOs. BasicAttentionToken (BAT), a cryptocurrency startup called that aimed to weed out the middlemen, frauds, and trackers in Digital Advertising by creating a decentralized, transparent digital ad exchange based on Ethereum Blockchain held its ICO on May 31th. It raised $35 Million in just 24 seconds.
With recent ICOs all outperforming each other, ICOs have become the biggest trend in the crypto-world. The market cap for ICOs has increased from $12 billion to $100 billion dollars just over the last year, a massive increase of over 870%.
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