7 Biggest ICOs Ranked By Amount Raised

1. Filecoin

Total Amount Raised: $257.0 million

The largest ICO in the list of the biggest ICOs ranked by amount raised is Filecoin. Filecoin is a blockchain-based data storage network that conducted its ICO, which was only available to accredited investors, in August. The decentralized storage network uses peer-to-peer InterPlanetary File System, or IFPS, to store data. Users can earn money by providing free hard drive storage space. Out of $257 million that Filecoin raised in the ICO, $200 million came from accredited investors.Filecoin is backed by big names like Andreessen Horowitz, Sequoia Capotal and Union Square Ventures.

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These are the 7 biggest ICOs ranked by amount raised. These ICOs alongside many others attracted a lot of interest from investors and many of the ICOs actually generated substantial ROI for their initial backers. The success of the ICOs and their popularity makes one wonder whether ICOs will be able to attract more big investors, who will see cryptocurrency tokens as a new asset to invest in.

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