By an overwhelming number, 2017 was the year that had the most and the largest ICOs.
Of course, Bitcoin played a big role in making the adoption and acceptability of cryptocurrency possible. The ICOs compared here serve to prove that the cryptocurrency market has come a long way and is definitely going far.
A handful of crypto ICOs are attracting a lot of attention and even though the bar set in 2017 is quite high, it won’t be a wonder if the largest ICO is done in 2018. ICOs are not as popular in America partly because the U.S government toughened regulations on ICOs. Governments around the world have also stepped forward to try and regulate and control cryptocurrencies. All these factors have slowed, but only a bit, the meteoric growth of cryptocurrency. Let us look at the largest ICOs ever done since 2014;
Filecoin [Futures] (FIL)
Filecoin’s ICO which was conducted in September 2017 turned out to be the largest in the history of cryptocurrency with more than $257 million collected. In addition to breaking the record, the altcoin received a good injection of investment funds from Silicon Valley-based capitalists among them Winklevoss Capital, Horowitz and Y Combinator. The project became such a huge success partly because of the team behind the project, the magnitude and mix of funding.
Filecoin is a decentralized data storage application. The project turns cloud storage into an algorithmic market. In the market which runs on blockchain technology, miners earn by providing storage to clients. Clients will spend Filecoin to hire miners so as to store or distribute data. The developers of the project are still working on it and they are yet to release the alpha version of the project. The team behind Filecoin is well-known and respected in the industry and has produced successful projects in the past.
The ICO token (FIL) price was $5. The price of the Ethereum-based altcoin surged to reach an all-time high price of $30 on January 30th. Its momentum has since fallen and as of 6th April 2018, the coin was attracting a price of $7.65.
Tezos ICO which was done in mid-2017 attracted the second largest amount of funds. The total received from the ICO totaled $232 million. The Tezos project which is based on both Bitcoin and Ethereum blockchains comes with a proof-of-stake consensus algorithm. The project emphasizes on security, transparency and manageability and consent of the majority of participants. Tezos project is owned by Dynamic Ledger Solutions, Inc. and is based in the USA. On the other hand, Tezos Foundation is a Swiss foundation based in Zug.
The ICO token price of Tezos was $0.5. This token which until April 7th remained uncapped has ever touched a high price of $12 in December 2017. As it is with most cryptos, the value of the altcoin mimics the performance of Bitcoin. The price of the token as at April 6th was $2.7.
EOS is a software which introduces a blockchain architecture which is designed to support commercial decentralized operations. The crypto’s ICO was done in June 2017. The target amount for the ICO was $100 but was exceeded by $85 million hence making EOS the third largest ICO in history. The crypto is Ethereum-based and uses ERC-20 standard. The total supply of the token will be EOS 1 billion of which 90% should go to participants and the rest to its development team.
The EOS ICO token price was $0.925. The market cap for the altcoin as at 6th of April 2018 was $4.6 billion. This placed it at number six in the list of the largest cryptocurrencies in market cap just ahead of Cardano and Stellar. The price as at that date stood at $5.9.