Swap Tracker
June Katz 4 min read

5 Successful ICOs You Need to Know About

5 Successful ICOs You Need to Know About

Over the past few years, ICO, or Initial Coin Offering, has become an extremely popular and profitable way of developing business projects using cryptocurrency and even more. We’re going to make a quick review of the 5 most successful ICOs by the amount raised.

EOS ICO

Start date: 2017/06/25 End date: 2018/06/04 Amount raised: $4,197,956,135

EOS blockchain platform managed to raise about 200 million dollars shortly after it was launched. The company itself claims to be “a next-generation, open-source blockchain protocol with industry-leading transaction speed and flexible utility”. Its founders developed multifunctional software which allows its clients to use decentralized applications and carry out cheaper and faster transactions. However, not everyone can use EOS coin — the citizens of the USA and China can’t buy its tokens.Since the very beginning, the platform raised heated discussions in the crypto community. EOS crypto is basically a rethinking of the concept of Ethereum, which led to a rivalry between these two giants. Besides, the launching of the platform didn’t go smoothly — there was no graphic interface for voting and the system was also hacked. Nevertheless, it’s hard to argue with the fact that EOS ICO was a success after all — the total value of tokens sold in this ICO is estimated at more than 4 billion dollars.

Filecoin ICO

Start date: 2017/08/10 End date: 2017/09/10 Amount raised: $257,000,000

Filecoin’s main goal is to provide a decentralized system for data storage, challenging Google and Dropbox in this sphere. The concept of Filecoin is dividing the data and storing it on different computers. This means that every user can rent out space on their hard drives and get Filecoin tokens. The platform provides the opportunity to choose better offers due to the competitive storage market. Moreover, all the data will be encrypted and only the owner will have a key to get access to it.The project sounds very promising as there’s a growing demand for safe and cheap storage space. Many huge American companies invested money in this project, for example, Digital Currency Group, and in the first 30 minutes, Filecoin raised more than 200 million dollars.

The Bancor Protocol ICO

Start date: 2017/06/10 End date: 2017/06/10 Amount raised: $153,000,000

Bancor is an open-source project for converting tokens without matching buyers and sellers. The Bancor Protocol is based on a mechanism with a special formula that can make calculations directly from the smart contracts. The key elements of Bancor Network are automatic price determination and continuous recalculation to maintain balance and stability.The innovation of the Bancor Protocol consists in the possibility to convert, buy, and exchange tokens without mediators. The project raised an impressive amount of 140 million dollars in less than three hours.

Polkadot ICO

Start date: 2017/10/15 End date: 2017/10/27 Amount raised: $145,000,000

Polkadot platform is built to unite different blockchains and databases in one space. This way networks can work together exchanging information and conduct transactions under the protection of Polkadot. The system has a complex hierarchy of users that will enable the successful functioning of the project. The Polkadot token serves 4 purposes: “governance over the network, operation, bonding, and interoperability”.The goal of the project is not only to design a shared working platform but also to create a fully decentralized Internet. Polkadot manages to raise about 145 million dollars.

Status ICO

Start date: 2017/06/19 End date: 2017/06/19 Amount raised: $107,664,904 

Status is a new social network that also functions as a crypto wallet and a browser. According to its white paper, it’s the first mobile Ethereum client built on peer-to-peer technologies. The project is based on the interaction of three types of people: owners, advertisers, and users. The creators of Status believe that stimulating all those people in the network by giving them real stakes will be profitable for everyone. Besides, all transactions and messages on this platform are safely secured by encryption.This project raised more than 100 million dollars and offers a free open space where every user can offer their incentives. It is believed that combining all these different functions Status will become a better, more optimized social network.Looking at the amounts of money raised by these ICOs and at their ambitious white papers, we can say that the concept of cryptocurrency sounds alluring. Nevertheless, before deciding to buy tokens of any ICO it’s necessary to assess all the risks, as the future of this type of business is still vague. Remember, you can’t be too careful.

Related Posts

Cryptocurrency Wallet Types: Pros And Cons

Cryptocurrency Wallet Types: Pros And Cons

June Katz 7 min read
In order to store crypto and increase the security level of your funds, you can use a cryptocurrency wallet. They have a higher level of protection in comparison with the crypto exchanges. In this article, you will get to know about the advantages and disadvantages of crypto wallets and get acquainted with their varieties and the most popular ex
Read more ❯
The Biggest Cryptocurrency Thefts in the Last 10 Years

The Biggest Cryptocurrency Thefts in the Last 10 Years

June Katz 11 min read
In this article, we will try to remember all the major cryptocurrency thefts over the past 10 years. 1. Bitstamp hack , $5.3 mln ( BTC ), January 4th, 2015 On January 4, 2015, the operational hot wallet of Bitstamp announced that it was hacked by an anonymous hacker and 19,000 Bitcoins (worth of $5 million) were lost. The initiatio
Read more ❯
Public And Private Keys

Public And Private Keys

June Katz 2 min read
As well as fiat, cryptocurrencies need to be stored securely. That’s what we need these keys for. In this article, we will tell you what private and public keys are and how they are used. What are private keys? A private key is a number that is encoded in different formats depending on which wallet you are using. In each format, the private
Read more ❯
Blockchain Consensus Algorithms and Their Varieties

Blockchain Consensus Algorithms and Their Varieties

June Katz 5 min read
This article is written for beginners who are just starting to learn the crypto world. We want to help you a little. As you might have guessed, this article will be about blockchain consensus algorithms . On the blockchain market, there are a lot of consensus algorithms allowing us to choose what is the most relevant node for signing
Read more ❯

Where all instant exchangers met for your smoothest experience

Maximize profits, minimize search

Recent Posts

What's Up with Multichain?
What's Up with Multichain?

What's Up with Multichain?

John Martin 5 min read
Users of the Multichain ( MULTI ) cross-chain protocol have been reporting issues with transactions getting stuck in the blockchain as a result of an error that occurred during a recent network update. Several Multichain users have complained that their funds have been stuck in the protocol for 72 hours. Part of the problem appears to be rela
Read more ❯
Are We Overdue for a Crypto Bull Run? An Overview of the Market Situation
Are We Overdue for a Crypto Bull Run? An Overview of the Market Situation

Are We Overdue for a Crypto Bull Run? An Overview of the Market Situation

John Martin 8 min read
2022 has become a difficult year for the cryptocurrency market and will be remembered by negative events and trends. These include the onset of "crypto," the collapse of FTX , and the "stifling embrace" of regulators. We gathered experts' opinions on how to assess the results of the year and the prospects for the next - should we expect a market
Read more ❯
Exploring Bitcoin Ordinals and the BRC-20 Token Standard
Exploring Bitcoin Ordinals and the BRC-20 Token Standard

Exploring Bitcoin Ordinals and the BRC-20 Token Standard

June Katz 5 min read
Bitcoin Ordinals: An Introduction So far the majority in the crypto world has been talking about Bitcoin as a store of value. This idea initiated a heated debate, which has not eased off until this day. Nonetheless, what can be seen in practice is that Bitcoin is rarely used actively as a means of payment. Even though there are interesting cases,
Read more ❯
In Search of The Best Stablecoin
In Search of The Best Stablecoin

In Search of The Best Stablecoin

June Katz 6 min read
Stablecoins are cryptocurrencies that are designed to have a stable value, unlike other coins whose values can fluctuate wildly. They are pegged to fiat currencies such as USD. This means that the price of a stablecoin will not change significantly in response to market movements. Stablecoins can be used as a store of value, a medium of exchang
Read more ❯

BTC  to ETH : Best Rates

btc-icon
btc
0.1