In early 2013 Ripple Labs started to develop the Ripple called payment system and created around 100 billion XRP token. Maybe the first cryptocurrency distributed by an ICO was Ripple. With the success of ethereum, ICOs have become the de-facto method of funding the development of a crypto project by releasing a token which is somehow integrated into the project. The pre-created token can be easily sold and traded on all cryptocurrency exchanges if there is demand for them. Since 2013 ICOs are often used to fund the development of new cryptocurrencies. 4 million and ushered in a new age of ICOs. It was in July 2014 when ICOs well and truly came into the public’s attention. Anyone can become invested in a project they are interested in by purchasing the tokens of that particular DAPP and become a part of the project themselves.They have provided the simplest path by which DAPP developers can get the required funding for their project.The ICOs have been truly revolutionary and have managed to accomplish many amazing tasks: ICOs are basically blockchain crowdsales, the cryptocurrency version of crowdfunding. Our guide gives an overview on Initial Coin Offering- ICO and presents the hottest past, current, and future ICOs. ICOs have already raised $6.3 billion, 4.5 months into 2018 alone!Īfter seeing all these stats, it makes sense as to why more and more people are getting intrigued with ICOs. If that sounds shocking to you then think about this. In 2017, ICOs raised a total of $5.6 billion. In fact, the amount of money that ICOs have raised over the last two years is truly astonishing. Companies have been able to raise millions of dollars in mere seconds, thanks to ICOs. More often than not, a company simply has to submit a whitepaper to qualify for an ICO. The most alluring part of ICOs is the lack of red tape and formality.
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