The Largest ICO Sales of 2018 (Thus Far)
Initial coin offerings (ICOs) raised more money in the first three months of 2018 than the whole of 2017, according to data collected by CoinDesk.¹ Somewhat ironically, this comes at a time when the SEC has started to crack down on fraudulent and scam projects. It seems “Buy the rumor, sell the news” applies to ICO launching as well as crypto investing.
Below is a list of ICO’s which started funding in 2018, starting with the smallest amount raised.
Elastos: ended January 23rd. 94M USD raised, $18.09/Token. Trading at $38.73.
“New blockchain whith totally decentralized P2P economic infrastructure which authenticates digital rights, transfers contracts, and turns digital information into assets through blockchain technology.”
Envion: ended January 17th. 100M USD raised, $.70/Token. Trading at $.12.
“Highly profitable, global crypto-mining-infrastructure — Hosted in mobile, modular CSC containers — Decentralized placement directly at energy source.”
Orbs: ended May 15th. 118M USD raised. Not currently trading.
“Orbs is a blockchain infrastructure-as-a-service built for large scale consumer applications to meet their business and technological requirements.”
“A stable cryptocurrency with an algorithmic central bank.”
Bankera: ended March 4th. 150M USD raised. Not currently trading.
“Bankera is building a digital bank to last for the blockchain era.”
Huobi Token: ended February 28th. 300M USD raised, $1.52/token. Trading at $4.33.
“Blockchain-Powered Loyalty Point System.” Native exchange token of the Huobi Exchange.
Dragon: ended March 15th. 320M USD raised. Not currently trading.
“A new digital currency, funded upon Ethereum Blockchain system and strongly underpinned by a substantial gaming business in Macau.”
Petro: Venezualan President Nicolas Maduro claims $735M USD raised. Not currently trading.
Announced in December 2017, it is claimed to be backed by the country’s oil and mineral reserves, and it is intended to supplement Venezuela’s plummeting bolívar fuerte currency, purportedly as a means of circumventing U.S. sanctions and accessing international financing.²
Telegram ICO: ongoing private investors only. 1.7B USD raised.
“The Telegram Open Network (TON) is a fast, secure and scalable blockchain
and network project, capable of handling millions of transactions per second
if necessary, and both user-friendly and service provider-friendly.”
