Although readers might be more familiar with the Bitcoin-buying frenzy of 2017 there are other busy areas of financial activity – including something called an Initial Coin Offering, or an ICO.
An ICO is a way to crowdfund capital through cryptocurrencies. Due to the unregulated nature of many cryptocurrencies and high propensity for risk – and sometimes theft – the investor’s market has a reputation of being something of a wild west at the moment. But plenty of investors are getting involved, and recently the US Securities Exchange Commission warned of this route to investment.
But last year saw some astonishing capital raised for crypto startups, including record breaking numbers in the hundreds of millions. Read on for the biggest ICOs.