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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