Swap Tracker
June Katz 23 Aug 2023 ◦ 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

Financial Literacy: Simple Vs Compound Interest in Crypto (And Other Essential Terms)

Financial Literacy: Simple Vs Compound Interest in Crypto (And Other Essential Terms)

23 Feb 2024 ◦ 7 min read
As the cryptocurrency world continues to grow and evolve, it is becoming increasingly important for investors to have a solid understanding of financial literacy, and understanding the difference between simple and compo
A Refresher on the Popular Trading Chart Patterns in Crypto

A Refresher on the Popular Trading Chart Patterns in Crypto

22 Feb 2024 ◦ 9 min read
Candlestick Patterns is a universal tool in the arsenal of crypto traders. Understanding how to read graphical patterns correctly allows traders to analyze market trends and make the best tr
Essential Tools for Crypto Analytics And Crypto Research

Essential Tools for Crypto Analytics And Crypto Research

16 Feb 2024 ◦ 11 min read
Cryptocurrency is a fast-paced and ever-changing phenomenon. With new coins and tokens introduced regularly, it can be difficult to keep up with the latest trends and market movements. This is where ana
What Are Blockchain Naming Services And What Are They For?

What Are Blockchain Naming Services And What Are They For?

14 Feb 2024 ◦ 15 min read
Understanding Blockchain Naming Services A blockchain domain is a decentralized domain address that operates based on a dis

Where all instant exchangers met for your smoothest experience

Maximize profits, minimize search

Recent Posts

Financial Literacy: Simple Vs Compound Interest in Crypto (And Other Essential Terms)
A Refresher on the Popular Trading Chart Patterns in Crypto
Essential Tools for Crypto Analytics And Crypto Research
What Are Blockchain Naming Services And What Are They For?

BTC  to ETH : Best Rates

btc-icon
btc
0.1