Tezos is one of the projects that made the list.Thomson Reuters
The fundraising method, first pioneered by Ethereum in 2014, was little used up to the start of this year but it has been widely taken up in 2017, eclipsing venture capital as a means of raising money for blockchain startups. Over $3.5 billion has been raised through ICOs this year.
ICOs are where startups issue their own digital currencies, structured like bitcoin. These tokens, which can be traded online despite the company being private, are sold for real money that startups then use to fund their projects.
Off3r, a website that lets people compare and contrast investment opportunity, rounded up data on the 10 largest ICOs of 2017.
Here are the ones that made the list:
10. SALT — $48 million
Total raised: $48 million.
ICO date: August.
Company location: United States.
What it does: Lets you use cryptocurrencies as security for fiat currency loans.
9. WAX — $68 million
Total raised: $68 million.
ICO date: November.
Company location: United States.
What it does: Offers technology that lets people set up online marketplaces at no cost.
8. TenX — $80 million
Total raised: $80 million.
ICO date: June.
Company location: Singapore.
What it does: Cryptocurrency debit card.
7. Kin — $98 million
Ted Livingston, founder and CEO of Kik Messenger.REUTERS/Brendan McDermid
Total raised: $98 million.
ICO date: September.
Company location: Canada.
What it does: Cryptocurrency for video messaging app Kik.
6. Qash — $106 million
Total raised: $106 million.
ICO date: November.
Company location: Tokyo.
What it does: Aiming to be a payment token for financial services.
5. Status — $107 million
Total raised: $107 million.
ICO date: June.
Company location: Switzerland.
What it does: An interface that makes it easier for people to use ethereum.
4. Polkadot — $145 million
Total raised: $145 million.
ICO date: October.
Company location: Switzerland.
What it does: Technology allowing people to use multiple blockchains at the same time.
3. The Bancor Protocol — $153 million
Bancor Protocol Co-Founder and Head of Product Eyal Hertzog.Steve Jennings/Getty Images for TechCrunch
Total raised: $153 million.
ICO date: June.
Company location: Israel.
What it does: Decentralized liquidity technology for ethereum.
2. Tezos — $232 million
Tezos co-founder and CTO Arthur Breitman and his wife and co-founder Kathleen Breitman respond to questions during the Money 20/20 conference in Las Vegas, Nevada, U.S. on October 24, 2017.REUTERS/Steve Marcus
Total raised: $232 million.
ICO date: July.
Company location: United States.
What it does: A new blockchain aiming to be more reliable than bitcoin or ethereum.
1. Filecoin — $257 million
Filecoin founder Juan Benet.Screenshot/YouTube
Total raised: $257 million.
ICO date: September.
Company location: United States.
What it does: Blockchain-based data storage.
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