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ICOs or Initial Coin Offerings are a popular way for companies to raise capital in the cryptocurrency space. The practice of offering investors tokens in exchange for Bitcoin or Ethereum has proved to be highly successful with a number of projects raising millions of dollars in just a few weeks. The mechanism has been around for a few years now with the first example being MasterCoin in 2013, followed in 2014 by Ethereum’s first ether sale. The following are some of the most successful ICOs to date.
Bitcoin has come a long way since its humble beginnings when it was used to pay for pizzas. The cryptocurrency traded for half a cent in 2009 and in eight years, it has reached an all time high of almost $5,000. As a result, a number of commentators have come forward with the bold claim that one Bitcoin will be worth $500,000 within the next decade.
