The 3 Largest ICOs In The Crypto World Right Now
Let’s face it — today’s financial industry is much affected by the Initial Coin Offering (ICO) which is related to cryptocurrencies. In a nutshell, we all know that when the US Security Exchange Commission (or SEC) is interested in regulating a certain market — it’s evident that there is big money into it.
Speaking of big money….
It is mostly present in the largest initial coin offerings (ICOs) and the ‘coins’ that they sell. In order to help you see how much money that is, I am listing the three largest and most successful ICOs nowadays.
Bancor.network
First on the list is Bancor, a blockchain protocol with over $153 million in Etiher — raised in just three hours. Bancor was amazingly popular, even so much that the Ethereum network made it flooded with traffic which led to several transaction problems and worries over the coin oversupply.
Bancor brought in over 390,000 Ether coins, which was according to estimates, a record in the ICO market at the time. Some of the main controversies involved the criticism from the Blockchain public regarding the liquidity problems that Bancor was meant to solve. However, the Bancor ICO attracted many investors, one of which the billionare fintech investor Tim Draper.
EOS.io
The company named block.one settled in the Cayman Islands raised around $185 million in its ICO in July 2017 — targeting the EOS cryptocurrency and large businesses in need of automating their processes as well as developing multiple applications and monitoring their assets.
According to the co-founder Brock Pierce, the EOS platform was designed to offer multi-directional scaling of DApps. So far, the EOS token has been trading in the $1.50 to $2.00 range for most of its existence and is still open until June 18th, 2018 or until 1 billion tokens are sold.
Tezos
The Tezos project holds a record for raising over $232 million during the ICO in July 2017. A lot of this has to do with the Tezos team, which is determined to develop a self-amending distributed ledger that allows the creation of smart contracts.
So, it is easy to see that Tezos stands out from the crowd as it allows token holders to approve and fund new protocol updates. This makes it easy to scale the token and network in a smart way. The Tezos token called Tex (XTZ) will become tradable in the coming months.
In the end, investing in the ICOs that raised the most money is definitely a smart move — and it is safe to say that their tokens will outperform. However, it is vital to look at each project in detail before making an ICO investment.
