Soon a 5-year old will know what ICO stands for. In the meantime let’s have a look at ICOs that made headlines around the world. For different reasons, though.
Top 5 biggest ICO so far are:
Filecoin
The Filecoin ICO has raised over $200 million since its launch. The projects aims to build a decentralized cloud storage network using the InterPlanetary File System (IPFS) to securely record and store data on a peer-to-peer basis.
This ICO also stands out because it complies with the new SEC regulations on ICOs.
Tezos
The Tezos project raised over $232 million during its ICO in July 2017.
EOS
The blockchain startup Block.one launched the ICO for its EOS platform in June 2017. So far, the EOS ICO has raised over $185 million to fund the development of its next-level scalable smart contracts platform.
Bancor
The blockchain-based prediction market project Bancor held its ICO on June 12, 2017, where it managed to raise $153 million worth of ether for the development of its platform.
The DAO
The fifth largest ICO to date was also one of the most controversial. The token sale for the DAO (Decentralized Autonomous Organisation) raised $152 million worth of ether in May 2016 to a create a decentralized investor-driven venture capital fund that would invest in promising new projects built on the Ethereum blockchain.
The controversy around the DAO started a month after the crowdsale when it was discovered that a vulnerability in the DAO’s smart contract allowed a hacker to steal around one third of the invested ether.
One of the reasons why ICO becomes a very popular form of fundraising is its speed.
Read more useful and interesting stuff in our knowledge base about blockchain and ICO and boost your own ICO with crypto funds investments!
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