6 Most Successful ICOs of All Time by Amount Raised | Part II

ICOs

ICOs (short for Initial Coin Offerings) have brought a lot of investors, attention, and bad publicity in the crypto sphere during the last couple of years. Through ICOs, also referred to as crypto crowd sales or token sale events, various companies have managed to raise a lot of capital for launching their projects off the ground.

Even though its believed that more than 70% of the ICOs launched in 2018 were total scams, there are enough positive examples which prove that they can be very valuable tools when it comes to raising capital.

Below, weve created a list with the most successful ICOs of all time by looking at how much theyve managed to raise.

1. Filecoin ($257 million)

At the top of our list sits Filecoins ICO, which took place for only two days in September 2017. Till this day, this is considered to be the most successful ICO of all time managing, to raise $257 million. Apart from this impressive ICO, Filecoin is also renowned for receiving massive investments and backings from top venture capitalists in Silicon Valley including big names, such as Y Combinator, Naval Ravikant, Andreessen Horowitz, and Winklevoss Capital.

Filecoin is an open-source cryptocurrency and digital payment system, that also aims to build a decentralized cloud storage network using a technology called IPFS (InterPlanetary File System) to securely store and record data. Some believe that Filecoin ICO was such a big success because the project already had the backing of the investors above, while others believe that the fact that it was the first regulatory-compliant ICO in the US, it had a massive positive effect.

2. Tezos ($232 million)

When it comes to crypto launches, few can compete with the amount of hype Tezos managed to create. Tezos is, without a doubt, a very controversial project. In short, its a smart contract platform that introduced the world to the first self-evolving blockchain. The platform stands out from the crowd by allowing its token holders to approve and fund new protocol updates.

During its ICO in July 2017, the Tezos project managed to raise over $232 million. Despite multiple roadblocks (such as the legal dispute between the Director of the Tezos Foundation and development team), Tezos proved that projects which address real-life challenges in the crypto world (such as scalability and governance) have a very good chance of obtaining immense financial backing.

3. Sirin Labs ($157 million)

Just like many other blockchain projects, Sirin Labs aims to bridge the gap between the mass market and the blockchain economy. It seeks to do so with the help of its OS called Finney, the first open-source blockchain OS for smartphones and all-in-one desktop devices.

During its ICO in December 2017, Sirin Labs managed to raise $157,8 million, making it the third most successful ICO in the world.

Many experts believe that this ICO was so successful because the demand for PC and smartphone solutions is currently on a significant rise. Not only that, but security and privacy are slowly becoming two of the biggest con ...

Read full story on Coindoo

Tags: Initial coin offering, Investor, Filecoin, Sirin Labs, AngelList, Operating system, Winklevoss Capital, Andreessen Horowitz, Y Combinator, Westgate FC