Top 10 ICOs of 2017

In the year to date, there have been 125 ICOs raising a total of $1.5bn. According to research by Goldman Sachs, this is more money than has been raised through early stage venture capital financing.

Below are the top 10 ICOs by amount raised in 2017 so far according to data from Coinschedule.

1. Tezos

Tezos is a new decentralized blockchain that governs itself by establishing a true digital commonwealth. It facilitates formal verification, a technique which mathematically proves the correctness of the code governing transactions and boosts the security of the most sensitive or financially weighted smart contracts.

  • Amount raised: $232,319,985

2. Bancor

The Bancor Protocol Foundation was established in 2017 in order to promote the development and adoption of the Bancor Protocol, a standard for the creation of intrinsically tradable tokens. Smart Tokens benefit from network effect and enable the long-tail of user-generated tokens, democratizing value creation. The Bancor Protocol is made possible by advancements in Blockchain technology and smart-contracts, beginning with Ethereum. The Protocol is named in honor of economist John Maynard Keynes who proposed a similar structure for the standardization of International finance after World War II.

  • Amount raised: $153,000,000

3. Status

Status is a browser, messenger, and gateway to a decentralized world. Status enables mobile devices to become nodes on the Ethereum Network, enabling access to Ethereum’s entire ecosystem from anywhere.

  • Amount raised: $90m

4. Tenx

Tenx is a cryptocurrency payment platform that consists of a wallet, physical debit card, bank account, ATM access, and more. The company aims to introduce products that make it easier for you to use your cryptocurrencies in the “real world”.

  • Amount raised: $64,000,000

5. MobileGO

A cryptocurrency aiming to bring smart contract technologies to the world of mobile gaming. MobileGo uses smart contract technology to issue tokens on the Ethereum blockchain and incentivize gamers for loyalty and participation through rewards.

  • Amount raised: $53,069,235

6. Sonm

SONM is a universal fog supercomputer — ethereum-based network for globally distributed computing power for general purpose computing.

  • Amount raised: $42,000,000

7. Aeternity

Aeternity is a new blockchain platform that combines best approaches from the previous platforms, such as Ethereum, and Augur including Off-chain transactions, a hybrid of PoW (consensus, mine on any devices including smartphones) + PoS (governance) and Oracle machines.

  • Amount raised: $36,960,594

8. Basic Attention Token

Basic Attention Token radically improves the efficiency of digital advertising by creating a new token that can be exchanged between publishers, advertisers, and users. It all happens on the Ethereum blockchain.

  • Amount raised: $36,960,594

9. Stox

Stox is an open source, Bancor based prediction market platform. Using the wisdom of the crowd, every day people will be able to predict and trade the outcome of events in almost any imaginable category: Finance, sports, politics and even the weather.

  • Amount raised: $33,350,320

10. Civic

Civic lets you know when new accounts are opened with your personal information. This gives you the control to identify which ones were authorized by you and take action on the ones that weren’t.

  • Amount raised: $33,000,000

Summary

These ICOs accounted for a whopping 51% of the total money raised through all 125 ICOs during 2017 and were raised in very short time periods relative to traditional venture capital fundraising. Whilst there is certainly amount of scepticism within the industry over the amount of ponzi scheme branded ICOs, we take the view that ICOs are here to stay and expect to see many more early and later phase companies embark on ICOs — both to raise capital, create liquidity, increase transparency of their company management and take advantage of the endless other benefits afforded by smart contracts.

If you’re a founder interested in learning more about ICOs or are considering an ICO for your own startup, sign up to Autonomyx to receive a copy of our ICO fundraising whitepaper.

If you’re working in early stage venture, it’s time to adopt your operating model to include ICO tokens within your investment portfolio — start investing in new ICOs, or get behind your existing portfolio companies to participate in theirs.

The original of this article was first published on the Autonomyx blog.