Hi fellow Steemers! As you all know, 2017 was an important year for ICO(Initial Coin Offering). Initially launched by the Ethereum network in 2014, the fundraising method has become one of the most important agenda items of 2017, even-though it has been used very little at the beginning of the year. But in the end, ICO's networks provided $ 3.5 billion in cash in this year alone.
An unregulated means by which funds are raised for a new cryptocurrency venture. An Initial Coin Offering (ICO) is used by startups to bypass the rigorous and regulated capital-raising process required by venture capitalists or banks. In an ICO campaign, a percentage of the cryptocurrency is sold to early backers of the project in exchange for legal tender or other cryptocurrencies, but usually for Bitcoin.
Off3r is a website that allows people to compare investment opportunities. This website has made a list that brings together the most prominent projects of the year 2017. I have compiled them in the list below with brief informations for each of them. Enjoy.
[10] Salt / 48 Million Dollars
ICO date: August
Location: USA
What it does: Cryptocurrency-backed loans
[9] WAX / 68 Million Dollars
ICO date: November
Location: USA
What it does: It offers technology that allows people to build online markets in a free format.
[8] TenX / 80 Million Dollars
ICO date: June
Location: Singapore
What it does: A debit card that allows you to spend your crypt money for daily use
[7] Kin / 89 Million Dollars
ICO date: September
Location: Canada
What it does: A currency developed by Kik, a video messaging application.
[6] QASH / 106 Million Dollars
ICO date: November
Location: Tokyo
What it does: Form of a payment for financial services
[5] Status / 107 Million Dollars
ICO date: June
Location: Switzerland
What it does: Decentralized application browser, an interface that makes it easier for people to use Ethereum.
[4] Polkadot / 145 Million Dollars
ICO date: October
Location: Switzerland
What it does: A technology that allows people to use multiple blockchains at the same time.
[3] The Bancor Protocol / 153 Million Dollars
ICO date: June
Company Location: Israel
What it does: A decentralized trading system for ethereum
[2] Tezos / 232 Million Dollars
ICO date: July
Location: USA
What it does: A new blockchain that aims to be more reliable than Bitcoin and Ethereum.
[1] FileCoin / 257 Million Dollars
ICO date: September
Location: USA
What it does: Blockchain-based data storage.
