If you are thinking about investing in ICOs, then you should definitely check out our article on the 5 biggest ICOs in December 2017.
The ICOs or Initial Coin Offering scene has pretty much taken the world by storm as more and more blockchain startups happen. The blockchain technology is a rather intriguing subject in itself, but let’s not get into that right now. In this article we will talk about some of the largest ICOs to date. As you already know, ICOs are means of unregulated crowdfunding where the stakes of the investors are not dependent on contract law but rather on cryptocurrency. This gives startups a way to work around otherwise mandatory, rigorous and regulated capital-raising processes. It is fast, safe (so far) and relatively quite easy to execute properly. This is why, more and more blockchain based startups are issuing ICOs. We can speculate much like 2017, this year will also see its fair share of ICOs throughout. However, the very thing that sets ICOs apart from regular IPOs that they are not regulated as rigorously can be a bit of a grey area. Scammers can and will likely try to rob people of their hard earned money. If you are looking for the list of best ICOs to invest in 2018, then you will have to wait a bit longer, however, this list will offer you greater insight into the ICO market and its current trends.
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IPOs and ICOs are both means of raising funds for companies, but they differ significantly. During an IPO or Initial Public Offering, investors buy stocks that later translate into ownership shares of a company. But through an ICO, investors buy cryptocurrency tokens made by the company in speculation that these tokens will be worth more than what they had to pay for them initially. Of course the downside to ICOs is that the investors do not get the equity as they would if they had invested in an IPO. For the list of biggest ICOs ever, take a look at the 7 Biggest ICOs Ranked By Amount Raised and you will get a good idea about the scale of things. However, making it into the largest ICO list, does not necessarily mean that the return on investment was also great, so you do have to keep that in mind as well. One of the most successful ICOs to date is IOTA, based on return on investment, which initially only managed to raise $400,000 way back in 2015.
Did you know that China has completely banned the use of ICOs? Well, the United States did not out right ban ICOs, but the government is trying to come up with proper laws and regulation for ICOs to deter scammers from taking undue advantage of investors. Random snippets of ICO-related trivia aside, this list contains names of some of the biggest ICOs in terms of money raised from investors. We are talking hundreds of millions here, so how these ICOs unfold in 2018 will be really interesting to watch to say the least. Of course, for our research we relied on reputable websites for gathering the data like Coin Speaker, Bitcoin Market Journal and Coinist. And for ranking, we of went with the amount raised of course. The more an ICO raised, the higher we have ranked it in our list.
Let’s get right into the list of biggest ICOs in December 2017.
5. Blockstack
Amount raised: $52.0 Million
We are starting off our list with Blockstack, a company that is working on a project that will totally revolutionize how we use the internet. Thanks to a few giant corporations, the nature of the internet has changed a great deal. The alarming fact is, some entity out there is able to monitor and see the data every individual is accessing over the internet, and many people do not like at all. The decentralized nature of the internet has largely been compromised thanks to these giant corporations. Take a look at this quote from the website of Blockstack, and you will understand what Blockstack is working on; “Blockstack is a new internet for decentralized apps where users own their data. A browser is all that’s needed to get started.” As you can see Blockstack made over 50 million dollars in their ICO which is really good news to anyone who agrees with their idea of how the internet should work.
4. Nebulas
Amount raised: $60 Million
Next up on our list of biggest ICOs in December 2017, we have Nebulas, the idea behind Nebulas is pretty simple yet quite essential for a lot of reasons. Many have claimed Nebulas to be the Google of blockchain technology. If you are thinking is Nebulas some sort of a search engine, then you are right. It indeed is a search engine but not for the regular internet but rather it has been custom made to serve as a search engine for the blockchain. If you ever have to find something on the multi blockchain data space, then Nebulas is going to be your answer. Well, that is what the enthusiasts are saying about Nebulas. However, we will have to wait until Q4 of 2018 to see Nebulas in its full form.
3. Bankex
Amount raised: $70.6 Million
We are halfway through our list of 5 biggest ICOs in December 2017. At number 3, we have Bankex. To quote the founder and CEO of Bankex Igor Khmel “banks are old” he is, of course, talking about the conventional banks and the protocol they operate on. And it is not just Igor Khmel, but many financial experts share the same view. Banks are too complicated and it takes a long while for anything to happen. However, Bankex promises to be the bank for the new and improved economy. Bankex promises to bring more value to the customers, in other words, more power to the individual than to some corporate entity. In their ICO or initial coin offering, Bankex managed to make over 70 million USD, which is a substantial amount.
2. Sirin Labs
Amount raised: $157.9 Million
Next up on our list of biggest ICOs in December 2017 is Sirin Labs, already well known for creating the most secure smartphone in the world. However, they are now going to make their mark in the blockchain space as well. Sirin Labs are working to make consumer electronics for the blockchain users. Their first product is going to be the blockchain smartphone line under the brand name Finney. Fans and enthusiasts have already termed Sirin Labs as the Apple of the blockchain world. They intend to introduce a smartphone and a personal computer that would give back the power to the individual.
1. Hdac
Amount raised: $258 Million
The top spot on our list goes deservedly to Hdac. They managed to raise $258 million through their initial coin offering, which is a huge amount of money. Hdac is one of the biggest ICOs not just of December but of the entire 2017. After all, Hdac is a project of Hyundai a large corporation based in South Korea. Hdac stands for Hyundai Digital Asset Currency. Hdac is an IOT or internet of things contract platform based on Blockchain.
This wraps it up for our list of 5 biggest ICOs in December 2017.
