Mastercoin launched the first Initial Coin Offering (ICO) in 2013. Since then, a plethora of companies have launched successful ICOs, where they issued new crypto tokens. Cryptocurrency- based startups and projects distribute their tokens in return of funding, where the value rise as the company grows. Just in 2017, several blockchain-based startups could raise more than $5 in funding through ICOs.
Again, within just the first few months of 2018, several startups raised almost double that amount. Many of these ICOs happen to be among the biggest ICOs in the history of crypto; each of them having raised more than $100 million.
ICO Classification of the Biggest Names
Generally, there are two ways of classifying the greatest ICOs, the highest raised amount and the highest ROI (return on investment). It should be noted that the ones raising the highest amount didn’t necessarily lead to the highest ROI. Similarly, those that gave the best returns to their initial investors didn’t necessarily raise the highest amount. Therefore, below is the list of the five biggest ICOs since they raised the maximum amount in the history of crypto.
1. EOS Official Site: eos.io
Total Amount Raised –$4.1 billion
Overview of EOS: The function of EOS is as an open source platform, which executes the deployment of scalable decentralized applications. Its primary feature is its ability to fuse the scalability features and transaction speed. Therefore, on EOS, several-million transactions can be processed every second. This rate is significant compared to the other famous cryptocurrencies. Bitcoin has a speed of 3 transactions/sec, whereas Ethereum has speed of 30 transactions/sec. The aim of EOS is to drive the mass adoption of EOS technology globally among the biggest industries.
ICO details: The EOS ICO lasted for one year, during which EOS made use of a unique model. In other ICOs, the price of their tokens is predetermined; in case of ECO, it is the market demand that drives the token price. Therefore, the higher the demand of the token, the higher its price within their current block. In the EOS ICO, there were two distinct phases. The duration of the first stage was 5 days, which started on 26th June 2017.
During this stage, EOS was able to raise $172 million using its tokens, making it one of the biggest ICOs. In addition to this, the duration of the second stage was from 1st July 2017 to 18th June 2018. The complete supply of the EOS tokens during this ICO period was 1,000,000,000. Out of this total supply, 10% and 90% was reserved for the team and participants respectively.
2. Telegram Official Site: web.telegram.org/
Total Amount Raised: $1.7 billion
Overview of Telegram: Telegram is known as a globally established chat platform where encryption secures the communication. At present, it has more than 200 million users. Telegram has risen as a go-to platform for users wanting to partake in the dealings with cryptocurrency. Users employ the platform to launch their project and ICO token sales while providing updates to their followers. Telegram’s cryptocurrency project works in conjunction with the Telegram chat application. This led to more efficient solutions for browsing, payments and file storage.
ICO details: The primary aim of the ICO of Telegram was to develop the TON. Another purpose was to cover additional expenses in maintaining the ecosystem of Telegram. The allocation of more than 80% of the total accumulated funds has been for different purposes: bandwidth, equipment, collocation, and different costs of user-verification. Similarly, the rest of the allocation was for offices, consulting, wages, and other legal services.
3. Dragon Official site: tokensale.drgtoken.io/
Total Amount Raised:$320 million
Overview of Dragon: Dragon functions as a digital value platform. Its aim is to allow elite gamers to visit junkets to convert their fiat currency into digital tokens. Then, the tokens are registered safely within their underpinning blockchain. The gamer’s smartphone will numerically display the total tokens in their wallet at the current time. Additionally, there is a provision for the gamers to easily convert their Dragon (DRG) coins to their Dragon digital global chips (DGC). These DGC tokens can be utilized in the junket.
ICO details: DRG is Dragon’s token symbol. The amount of the complete token supply is 500,000,000, with the Token Type being ERC20. The starting date of the ICO was 15th Feb 2018 and its ending date was 15th March 2018.
Therefore, the allocation of the entire token supply is as follows: Junket Partners, 53 %; Early Supporters, 12%; the Team, 10%; Reserve, 10 %; Treasury, 10%, the Public Sale, 7%; Advisors, 1 %.
4. Huobi Official site: huobi.com/ht/
Total Amount Raised:$300 million
Huobi Overview: In China, Huobi reigned as one of the greatest cryptocurrency platforms for trading. However, the inhibitory domestic regulations led to its closing. After shutting down in China, the company launched Huobi Pro; an International platform in Singapore. Next came HT (Huobi Token), based on the ERC-20 blockchain. The aim of the blockchain was to assist in blockchain launching and management.
ICO details: The total amount of its token was capped at 500 million. A total of 60% of the total (amounting to 300 million) was going to be available for sale to investors during the 15-day period. The other 15% (amounting to 100 million) paid for platform operations, and user rewards, while the next 100 million was for team incentives. The ICO launched on 24th Jan 2018 and, and ended on 28th Feb 2018.
5. Hdac official site: hdac.io
Total Amount raised: $258 million
Hdac Overview: Hdac started as the first blockchain-using platform, catering to IoT Contract and Payment. The company got its backing from the giant Hyundai BS&C. Their technology facilitated communication among several IoT devices in a fast, secure and effective manner.
ICO details: The start date for the ICO was 25th November 2017 and the end date was 8th December 2017. The ticker symbol of Hdac is DAC. Out of the total token supply, 12% was for the Hdac infrastructure. It involved liquidity management and the ecosystem of Hdac’s technology implementation and activation. Additionally, the remaining 10% was for distribution among participants contributing to the pre-sale of the Hdac foundation.
All the cryptocurrency companies mentioned above managed to almost reach their hard cap. Therefore, the large amount of funds raised helped them in gaining prominence as some of the biggest ICOs of our time.
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