With more and more ICOs, cryptocurrencies now serve a purpose more than the traditional coin or currency. They are valued assets launched by startups to bring in crowdfunds. Using the blockchain to do so is a good idea since the immutable nature of a blockchain naturally brings trust to its investors.
While the conventional startup investors, known as venture capitalists, are big players and wealthy businessman, ICOs are giving the mainstream a chance to participate in startups and ideas that change the future. Prices of ICOs are the base value of a startup, and buying into ICOs is almost equivalent to having a stake in their company. In the past, commoners like us can never become stakeholders without taking out hundred thousands of dollars. As the idea of crowdsourcing and funding became popular, ICOs combine these ideas into creating "crowd-stakes", where everyone becomes part of a larger company.
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