In the past year, ICO was the most popular way of raising funds. But experts point out that we will see a completely different approach to conducting token sales in 2018. Now let's recall which projects collected the most funds during ICO—sometimes, in a few seconds.
EOS - The Most Powerful Infrastructure for Decentralized Applications
More than $700 million collected. ICO is still going on
EOS is a decentralized platform for developers of decentralized applications. The creator of EOS is Dan Larimer. He is also known as the founder of BitShares, Steem, and BitUSD.
It is noteworthy that the developers decided to conduct fundraising until June 2, 2018. It is a considerable period for such projects. At the end of October, at the Launch Scale 2017 conference Brock Pearce stated that EOS’s ICO had attracted almost $700 million in 345 days, and it was not the limit. According to Pearce, this ICO will gather more than $1 billion before it is finished.
The platform is operated on blockchain in the format of the operating system for developers. The primary goal is to improve the efficiency of information technologies (there is no limit to perfection, and the capabilities of such systems are limited only by human consciousness) and to solve the problem of blockchain scalability by increasing the number of users to millions and the speed of transactions to millions per second through parallel calculations and data processing. These ideas are impressive. The network functioning will be confirmed by DPoS (Delegated Proof of Stake). That is, it is necessary to keep your wallet with some coins all the time for the transaction to appear in the blockchain. A concrete figure cannot be provided right now, but having analyzed the principle of POS mining, it becomes clear that the more coins are at your disposal, the more chances you have to find a block. This method is well proved in the social network Steemit, where the average time to confirm the transaction is a couple of seconds.
FileCoin - A Decentralized Market for Data Storage
$257 million collected
FileCoin is a decentralized network on its own blockchain for data storage and processing. The principle of network operations can be compared to mining; the only difference is the platform for mining. Users provide access to their storage in exchange for FileCoins.
There are two ways of using the network:
Clients buy cloud storage or request the necessary information from the miners in the network and pay for services with FileCoins.
Miners provide users with access to their storage for FileCoins.
FileCoin has competitors such as Storj and Sia. The first project is based on Ethereum and has problems with scalability, and the second is quite slow as well. FileCoin uses its own network and protocols to interact with users and their data.
Tezos - A New Digital Commonwealth
$232 million collected
Tezos is a new decentralized self-managed blockchain system that creates a genuine digital community. The technology facilitates formal verification, which mathematically proves the correctness of the operations regulatory code and increases the security of the most delicate or financially weighted smart contracts.
In other words, the developers introduce an alternative to Ethereum and announce the release of a new protocol specialized in working with secure smart contracts. The system is aimed at fulfilling fundamental tasks, such as transparency, security, and speed of work. The own language for smart contracts, called Michelson, offers a formal verification system under the principle that is used in the aviation industry.
Despite such a successful ICO, the project is still at the very beginning of its development due to some internal conflict. The founders of the company have picked up a fight with the president of the Swiss fund, which provided fundraising, and investors are still waiting for their tokens. While the most impatient ones have already filed several lawsuits against the project.
Bancor - Decentralized Liquidity Network
$150 million collected
Bancor is a decentralized network that allows you to store Ethereum tokens and easily convert them into any other tokens without third parties at an automatically calculated price using a simple web wallet.
The basis of the project is smart contracts and an improved prototype of the Ethereum network that exchanges tokens bypassing cryptocurrency exchanges. It is fast, reliable, and, what is most important, safe. Transactions are done with the help of smart contracts. "Magic lies in math and a simple formula that buys and sells in such a way that constant liquidity in the market is maintained regardless of the volumes and exchange listings," the developers explain.
The achievements of the company are more than 50 token projects, including Power Ledger, WAX Token, SENSE, and others. They have already joined the network Bancor. Nine partner projects have already activated their tokens and can buy and sell them through the Bancor application. Besides BNT (Bancor Network Token), the application supports ETH, GNO, ENJ, BMC, IND, STX, WISH, and IQT. With the help of smart contracts, the network converted 20.7 million BNT ($58 million at the average rate of Bancor).
Status - A Mobile Ethereum OS
$100 million collected
It is a completely new ecosystem of decentralized applications (DApps), which provides users with a convenient interface for interacting with the system as well as with other users of the platform. Moreover, the system can independently carry out functions of a wallet, a browser, and a chat. The whole process is decentralized and, therefore, safe and fast.
It is interesting that the developers are betting on the community in the development of the project. That is, the developers give an opportunity to the owner of tokens in their community to participate in decision-making for project development despite the fact that the ICO principle implies the absence of such rights.
Several decentralized applications have already been registered in the Status, including Gnosis and Aragon.
Gnosis (250,000 ETH collected) is a decentralized platform for predictions. For instance, predictions can be aimed at discussing famous people, journalistic discussions, pre-auction valuation of works of art, sports betting, etc.
TenX - Convert and Spend Virtual Currencies. Anytime. Anywhere
$83,1 million collected
The Singapore payment company strives to make the use of cryptocurrencies as convenient and easy as the use of fiat currencies. So, they received the approval from Visa and MasterCard and issued their own plastic card. The cost of issuing the card is $15, but you can order its virtual version on the official website as well. The company promises low commission fees for using the service if the expenses on the card are less than $1,000 per year. If the expenses on the card exceeds this level, the commission fees will not be charged.
Nowadays, the system works with bitcoin, while ether and dash are in closed beta mode. The support of ERC20 standard tokens is also stated, which means the compatibility with DGX, REP, TRUST, NEO, and others. What is most interesting is that you can pay with a TenX card in any store that accepts Visa and MasterCard. It is a very promising project supported by Vitalik Buterin.
Civic - Secure Identity Ecosystem
$33 million collected
Civic aims to build a universal ecosystem that provides access to the necessary information on demand. Namely, it provides access to identity verification services through blockchain. Thus, Civic will provide simple and secure access to users’ personal data and verify their identity.
For example, the company offers residents of the Far East to participate in the car draw, which will be held only for them. If the promoter cooperates with Civic, they can check whether all participants are the residents of this part of the country.
Civic has already released an application for its digital identification platform, known as the Civic Secure Identity Platform (iOS version only).
Aventus - B2B Ticketing Infrastructure
$18.7 million collected
Aventus is a tool to create and promote tickets for various events in a safe and transparent way. The organizers of the event themselves do not control tickets distribution.
The project allows to rethink the principle of ticket distribution in secondary markets as well as to eliminate unregulated advertising and illegal activities related to the sale of tickets. With such tool, the organizers will be able to set the minimum and maximum prices for tickets and monitor their movement in the secondary market, making the whole process transparent and fair.
In other words, it is a safe ticketing system. The primary task of Aventus is to change the concept of ticket distribution and make it decentralized, which will allow promoters and specialized systems to sell tickets for events automatically and get a commission for it.
Now we will pay particular attention to several successful Russian ICO projects.
MobileGo - The Second Gaming Revolution Is Coming
$53 million collected
Broadband Internet access has changed the world of games. Single campaigns are boring, and players want to compete with each other in real time. The technology of blockchain will make a revolution in multiplayer gaming: now cybersport competitions will become available to everyone. This is already available with smart token MobileGo, which will allow millions of players from around the world to unite in decentralized tournaments and P2P matches.
To put it straight, the developers want to expand the boundaries of e-sports events, which will allow all players to participate in competitions on equal terms. Players will be rewarded for certain achievements with cash prizes.
Russian Mining Centre - Multicellular Mining
$43 million collected
The Russian holding company launches the mining centers in Russia, develops unique and most advanced miners, called Multiclet, and produces Sunrise miners.
The main breakthrough idea of this project is to create an “ASIC-resistant” miner that will mine a cryptocurrency, for example, Ethereum, several times more efficiently than graphics cards and use a minimal amount of energy. Such indicators are planned to be achieved through the development of a multicellular processor, which will be based on the similar principle of distributed computing of a graphics card chip.
Nowadays, the company supplies Sunrise ASICs with foreign Bitfury chips. The development of the domestic computing processor will take approximately a year. The project may be considered the Russian revolution in mining.
INS Ecosystem - The Grocery Industry, Reinvented
$42.1 million collected
This startup is the first global decentralized ecosystem that connects food producers and consumers directly.
The aim is that buyers can interact with the manufacturer directly, bypassing retailers and other intermediaries that cannot be fully controlled. Retailers usually overuse their market power: they overcharge prices and suppress small traders. It is a common problem that can be solved with INS Ecosystem.
SONM - Universal Fog Supercomputer
$42 million collected
The project represents a concept of a decentralized global supercomputer for fog computing. The decentralized operating system on the Ethereum platform is responsible for the implementation of computing functions and capabilities. This system is a specialized piece of software that can integrate thousands or even millions of computers around the world into a single computer network. This will make it possible to achieve record-breaking results in any type of computation and complexity, whether it is calculating the number of molecules in a piece of DNA in medicine, or researching distant space, or looking for new species of life on Earth and other planets.