7 Biggest ICOs Ranked By Amount Raised

6. Bancor

Total Amount Raised: $153.0 million

Next in line in the list of 7 biggest ICOs ranked by amount raised is Bancor, developed by Bancor Foundation. Bancor Foundation raised $153 million worth of Ether during its ICO in June 2017. Bancor is a cryptocurrency that can incorporate multiple coins (like Bitcoin, Ethereum, Ripple). Instead of eexchanges, Bancor tokens are developed to be matched among themselves using smart contracts that are coded in the tokens. The ICO received a lot of hype after it was reported that well-known venture capitalist Tim Draper invested in the project, which sparked so much interest from investors that the ethereum network became congested.

Pixabay/Public Domain

Pixabay/Public Domain