Initial coin offerings (ICOs) became a popular way for companies to raise capital – especially during Bitcoin’s first bull run in 20217. As the crypto market continues to grow, more and more ICOs are were launched, with many of them becoming extremely successful.
Some not as much. Read our March ICO schedule.
What are ICOs?
Initial Coin Offerings (ICOs) are a form of crowdfunding that utilizes blockchain technology to raise capital from a wide range of investors. They are used to raise funds for projects that are based on blockchain technology and related applications.
ICOs are similar to Initial Public Offerings (IPOs) for fiat currency, but the key difference is that ICOs are unregulated and do not need to be registered with a regulatory body in order to be launched.
What are ICOs used for?
The purpose of an ICO is to raise capital for the project, which can then be used to develop the product or service. They are also used to reward early investors with tokens that can be used to access the future products or services of the project.
Here, we’ll take a look at five of the biggest ICOs of all time.
1. EOS raised $4.21 billion
The biggest ICO to date is EOS, which raised a staggering $4.2 billion. This ICO was conducted over a year-long period and was widely considered to be a success. EOS is a blockchain platform that allows developers to create and deploy decentralized applications.
2. Telegram raised $1.7 billion
Coming in second place is Telegram, who raised $1.7 billion from its ICO. Telegram is a messaging app that uses blockchain technology to provide a secure and private messaging experience.
3. Tattatu raised $575 million
Tattatu is another successful ICO, raising $575 million. Tattatu is a blockchain-based platform that allows users to buy, sell and trade cryptocurrency.
4. Dragon Coin raised $320 million
Dragon Coin is an ICO that was successful at first, raising $320 million. Dragon Coin is a digital token used to facilitate transactions within the gaming industry. This ICO has been consumed in controversy since it launched.
5. HDAC raised $258
Finally, HDAC raised $258 million in its ICO. HDAC is a blockchain platform that allows users to securely store and transfer data.
Conclusion:
Overall, the five biggest ICOs of all time have all been extremely successful, with each one raising vast sums of money. As the crypto market continues to grow, so too will the number of successful ICOs. It will be interesting to see which ICOs become the biggest in the future.
