If you are thinking about investing in ICOs, then you should definitely check out our article on the 5 biggest ICOs in December 2017.
The ICOs or Initial Coin Offering scene has pretty much taken the world by storm as more and more blockchain startups happen. The blockchain technology is a rather intriguing subject in itself, but let’s not get into that right now. In this article we will talk about some of the largest ICOs to date. As you already know, ICOs are means of unregulated crowdfunding where the stakes of the investors are not dependent on contract law but rather on cryptocurrency. This gives startups a way to work around otherwise mandatory, rigorous and regulated capital-raising processes. It is fast, safe (so far) and relatively quite easy to execute properly. This is why, more and more blockchain based startups are issuing ICOs. We can speculate much like 2017, this year will also see its fair share of ICOs throughout. However, the very thing that sets ICOs apart from regular IPOs that they are not regulated as rigorously can be a bit of a grey area. Scammers can and will likely try to rob people of their hard earned money. If you are looking for the list of best ICOs to invest in 2018, then you will have to wait a bit longer, however, this list will offer you greater insight into the ICO market and its current trends.
IPOs and ICOs are both means of raising funds for companies, but they differ significantly. During an IPO or Initial Public Offering, investors buy stocks that later translate into ownership shares of a company. But through an ICO, investors buy cryptocurrency tokens made by the company in speculation that these tokens will be worth more than what they had to pay for them initially. Of course the downside to ICOs is that the investors do not get the equity as they would if they had invested in an IPO. For the list of biggest ICOs ever, take a look at the 7 Biggest ICOs Ranked By Amount Raised and you will get a good idea about the scale of things. However, making it into the largest ICO list, does not necessarily mean that the return on investment was also great, so you do have to keep that in mind as well. One of the most successful ICOs to date is IOTA, based on return on investment, which initially only managed to raise $400,000 way back in 2015.
Did you know that China has completely banned the use of ICOs? Well, the United States did not out right ban ICOs, but the government is trying to come up with proper laws and regulation for ICOs to deter scammers from taking undue advantage of investors. Random snippets of ICO-related trivia aside, this list contains names of some of the biggest ICOs in terms of money raised from investors. We are talking hundreds of millions here, so how these ICOs unfold in 2018 will be really interesting to watch to say the least. Of course, for our research we relied on reputable websites for gathering the data like Coin Speaker, Bitcoin Market Journal and Coinist. And for ranking, we of went with the amount raised of course. The more an ICO raised, the higher we have ranked it in our list.
Let’s get right into the list of biggest ICOs in December 2017.
Amount raised: $52.0 Million
We are starting off our list with Blockstack, a company that is working on a project that will totally revolutionize how we use the internet. Thanks to a few giant corporations, the nature of the internet has changed a great deal. The alarming fact is, some entity out there is able to monitor and see the data every individual is accessing over the internet, and many people do not like at all. The decentralized nature of the internet has largely been compromised thanks to these giant corporations. Take a look at this quote from the website of Blockstack, and you will understand what Blockstack is working on; “Blockstack is a new internet for decentralized apps where users own their data. A browser is all that’s needed to get started.” As you can see Blockstack made over 50 million dollars in their ICO which is really good news to anyone who agrees with their idea of how the internet should work.