Six interesting facts about ICO

We gathered a few interesting facts about ICOs (Initial Coin Offering).

First ever

One of the earliest uses of ICOs for a cryptocurrency project was Mastercoin. Mastercoin is a meta-protocol on top of the Bitcoin blockchain that provides additional features that the base Bitcoin layer doesn’t. The project was crowdfunded on Bitcointalk forums in 2013. The project raised more than 5000 Bitcoins, which was about 500 000 dollars back then.

Most profitable for investors

ICO of the NXT project was held on Bitcointalk forums in 2013. The startup managed to raise 21 Bitcoin (it was around $6000 back then). NXT created a cryptocurrency coded from scratch (i.e. not a fork of the original Bitcoin code). Moreover the project developers implemented the first fully proof-of-stake system. The project was quite successful for investors, reaching a peak of ‘market capitalization’ of over $100 million.

The most “tragic”

DAO was supposed to be a first decentralized venture fund. Ether was used for transactions and many cryptocommunity members believed in project`s success. The project had its ICO in 2016 and raised $150 000 000. However a bug in the smart contract underlying The DAO was exploited to drain $ 60 million. It was a blow not only for the fund, its founders and investors but for the whole community and a so-called hard fork was used (that is how Ethereum Classic appeared) to freeze all DAO tokens and send them to a new smart contract address. Using this new address the token holders were able to get their share.

The most rapid

Brave – the world’s first blockchain browser. Brave encourages views of online advertising with Basic Attention Token (BAT), created on the Ethereum blockchain. Brave’s  ICO broke all records: $ 35 million were raised just in 30 seconds. The developers attracted $ 73 million in total.

The largest

The crowdsale of EOS currently holds the cryptoindustry record having collected 651 902 Ether ($170 million) in the first 5 days of the campaign. EOS is a smart contract platform. It is used for simultaneous execution of many tasks and it will use token that has the same name. EOS started the first ICO stage on June 26 and ended on July 1, 2017. 200 million EOS tokens were distributed (20% of the total issuance). The ICO will end on June 1, 2018.

The most expected

International project Boosteroid starts the first ICO stage on October 23, 2017.

Boosteroid is a cloud services platform that provides convenient access to computing power, storage, software products and other functionality. The project will allow to abandon expensive personal computers in favor of a powerful remote service with a user-friendly interface and a simple management. A computer is able to carry out a variety of tasks in the “cloud” – from working with texts to analyzing DNA.

The starting price of 1 Boosteroid token (BTR) will be $0,48. 1 BTR corresponds to the price of one hour rent of computing power on the basis of eight NVIDIA GeForce GTX 1080 Ti graphic cards; two Intel Xeon E5 2680v4 processors; RAM 256Gb; SSD 960Gb.

At the same time costs of one hour computing power rent offered by market leaders for the European countries are currently: Amazon Web Services — $10, 6, Microsoft Azure — $10,26, Google Cloud — $6,5

After the Boosteroid ICO computing power rent will become available to every user of the World Wide Web.

It is expected that in the next three to four months the rate of BTR token will grow tenfold.

SEE ALSO: Why will BTR token rates grow.

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