Mapping the Top 10 fastest ICOs of all time
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In a recent report, the Financial Times said that Initial Coin Offerings (ICOs), also referred to as a Token sales, could replace IPOs and even some VCs.
ICO is a new way for Tech start-ups to raise money outside of the traditional channels such as Venture Capital or Crowdfunding. In 2016, more than $100 million dollars were raised by 64 companies. Token sales are set to skyrocket in 2017 with Tezos alone having raised 2x more than the total raised in 2016.
In addition to the millions that are being raised with ICOs, what is impressive is the rapidity with which these companies can raise funds, sometimes in a matter of seconds.
Top 10 fastest ICOs
Please keep in mind that this is not an exhaustive list. The industry is nascent and some more actors could be added to the list in the coming weeks.
Last update: 07 September 2017
Modum.io: $4.2 million raised in 10 minutes
Modum.io combines IoT sensors with blockchain technology to provide data integrity for transactions of physical products, streamlining supply chain processes in many sectors.
Firstblood: $6 million raised in few minutes
Firstblood is a platform that lets e-sports players challenge the field and win rewards thanks to smart contracts and oracles in the blockchain.
Blockchain Capital: $10 million raised in 6 hours
Blockchain Capital is a pioneer and the premier venture capital firm dedicated to the Bitcoin/Blockchain.
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Bancor: $152 million raised in 3 hours
The Bancor Protocol is a standard for a new generation of cryptocurrencies called Smart Tokens. It enables built-in price discovery and a liquidity mechanism for tokens on smart contract blockchains.
Gnosis: $12 million raised in 10 minutes
Gnosis is the platform for the next generation of prediction market applications. Gnosis is built on Ethereum, a next generation blockchain protocol enabling advanced smart contracts.
Brave: $35 million raised in 30 seconds
Brave is a free and open-source web browser. It loads major news sites 2 to 8 times faster than Chrome and Safari on mobile and is 2 times faster than Chrome on desktop.
Humaniq: $1.5 million raised in 60 minutes
Humaniq is a simple and secure mobile app, delivering financial inclusion solutions to the 2.5 billion unbanked / 1 billion underbanked globally.
Qtum: $10 million raised in 90 minutes
Qtum is combining a modified Bitcoin Core infrastructure with an intercompatible version of the Ethereum Virtual Machine (EVM), and merges the reliability of Bitcoin’s unfailing blockchain with the endless possibilities provided by smart contracts.
Golem: $8.6 million in 29 minutes
Golem is a global, open sourced, decentralized supercomputer that anyone can access. It’s made up of the combined power of user’s machines, from personal laptops to entire datacenters.
Aragon: $25 million in 15 minutes
The Aragon Network (AN) will be the first DAO whose goal is to act as a digital jurisdiction that makes it extremely easy and friendly for organizations, entrepreneurs and investors to operate.
To date, the largest ICO has been performed by Tezos, a new decentralized blockchain, that raised $232 million worth of bitcoin (BTC) and ether (ETH) coins, with $160 million being raised in the first 32 hours.
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Is this list taking the P**s. The fastest ICO that blows them all out of the water was SingularityNet AGI token which sold out all of the $36Million in 60 seconds!!!!! And actually had pledges beforehand of over $150Million
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