Recently, there is a surge of start up companies and projects opening up. Most of these projects need initial funding. Most of these go through Kick Starter, Indiegogo, GoFundMe or any other crowdfunding site. The crypto currency world is no different. It has its own crowdfunding projects too. We call these ICOs. This is where new projects get their funding for working capital or somewhere down the road, money for development. Today, we will be looking at the most successful ICOs to date. We will start from the most recent ones, all the way up to one of the first ones to launch ICOs.
This has been the one of the newest ICOs that took the crypto currency world by storm. They spent some on marketing, but what got them a lot of investors was what Electroneum was offering. They are trying to tap the billions of mobile phones in the world and make them accessible for mining. This appealed to a lot of people, especially the newbies. And why not? Almost everyone and their mothers have smartphones now, and what better way to earn extra income by mining on your phone. They gave what them masses wanted and the response given to them was very big. They reached their hard cap of $40 million in just three weeks. Right now, they have the largest chat room in Telegram with 28000+ members.
Centra, or Centra Tech is a company that aims to connect the dots between commerce and crypto currency. They are offering a card, which will work like a debit or a credit card, and it will be linked directly to your account which holds your crypto currencies. This is a tech that will make it easier for people to spend their coins during their day to day by incorporating a similar technology to that of debit cards. They were one of the hottest ICOs during September, reaching their hard cap of $26.1 million within 4 weeks. The marketing team of Centra were geniuses. They got the support of Floyd “Money” Mayweather Jr. and turned him into their poster boy. This was during all the hype surrounding the MacGregor and Mayweather fight. This was a perfect example of how a single endorser can influence a lot of people. Talk about publicity!
Viberate is a global music database. This is the IMDB of the music world. All artists around the world are featured in this global database. They also added a feature that unsigned musicians will be able to find and book gigs in their locale using the Viberate database. A lot of musicians actually liked this idea, hence the massive support that these guys got. They had one famous investor, Charlie Shrem and he also helped market Viberate to a lot of people. Along with Centra, they are the hottest ICO during August till the first week of September. They managed to raise $12 million within 3 and a half weeks. This proves that a community backed ICO will be successful if it solves a lot of problems that the community encounters, just how Viberate is trying to help unsigned bands land gigs in their local venues.
Status is a messaging platform that runs on the Ethereum Network. Think of it as something like Facebook. Not only that, it also carries its own wallet and the DApps browser. This project utilizes people’s affinity for social media and used it as a way to send and recieve payments using it’s messenger, but unlike Facebook, the data is never stored on any servers since it is decentralized. They were the big boys during May and June, raising a whopping $107.6 million out of the $90 million hard cap that they set. This is another example of giving the masses what they want as a lot of investors joined this.
ICONOMI is the project of Sergey Primachik, who is also the founder of InChain. What ICONOMI offers is a platform where investors can get into investing on the early stages of a project. They offer index investing, which makes maximum profit for investors. Think of them as your own personal portfolio manager. This is also one of the projects that I invested in which I even completely forgot until I got an email from them that my tokens are released. They were also one of the bolder ones as they wanted to raise $10 million. At that that point in time, people thought they were out of their mind and people who invested were thought of as crazy people. The investment paid off however and they even managed to raise $10.5 million. The investors saw that the team was solid, thus it was a good investment.
Lisk is the brainchild of Max Kordek. It is a blockchain platform that provides blockchain apps. This is one of the first BaaS systems, or Blockchain As A Service. At the time, this was the second most successful ICOs, coming only in second to Ethereum. Lisk managed to raise $5.8 million which was a ridiculous amount for an ICO back in 2016. The DAO would later on shatter all records set during the same month. What made it successful was that it was the one of the first to offer blockchain service, which would later be on adapted and partnered by Microsoft on their own Azure Blockchain.
The granddaddy of all the ICOs. Ethereum was one of the first ICOs ever released. It is due to their success that others have adapted the ICO as a way to raise funds for funding a project. They managed to collect $18 million in 5 weeks. Back then, this amount was very large, and they were considered as the most successful ICO in history. They have used the funds very well with developing to what Ethereum is right now as they are the third most valuable crypto currency in the world today, just behind Bitcoin and the recent surge of Bitcoin Cash.
I reserve this section for The DAO. The DAO was the biggest, baddest and most successful ICO ever. They raised a whopping $150 million back in 2016. This was supposed to be a good project, but there is a caveat. A lot of coins by a lot of investors have been stolen from them. They were targeted back in June 2016 and approximately around $50 million worth of Ethereum has been stolen. The Ethereum blockchain had to be forked to restore all of the stolen funds. Two months later, Poloniex and Kraken, 2 of the biggest crypto currency exchanges removed the DAO pairs from their system. Had it not for this bust up and had The DAO continued to run, this would be the standard bearer on how to run successful ICOs.
IndaHash, the company that revolves around influencers has recently announced their pre ICO and will have their main ICO starting the last week of November. They are currently one of the hottest ICOs that a lot of people watch out for due to having a working app and a very good business history. They have been in operation for a good 2 years before launching their own ICO. If the Indahash team play their cards right, I am 100% sure that they will be one of the ICOs that are going to be included in lists like these.