The cryptocurrency ICO industry has created a whole new hype over the past few months. Even though this sector is facing a lot of regulatory backlash, a lot of projects successfully raised money in quickly. Below are some of the more recent projects successfully collecting millions of dollars in the shortest amount of time possible.
When the Golem ICO successfully raised $8.6 million in 29 minutes, people felt this was a major accomplishment in the nascent ICO industry. However, a lot of new records have been set in the wake of this particular crowdsale. It is still worth mentioning Golem, as they also introduced the race for decentralized supercomputer solutions which can be accessed by anyone. The project seems to do fairly well ever since the crowdsale took place, which is a rarity as well.
The Gnosis project is another one of those surprising crowdsales. Even though some people felt their $12 million target was pretty optimistic, it turned out to be attainable quite easily in the end. It took all but 10 minutes to raise the money. For a prediction market, this crowdsale proved to be a big success. Things are going well in terms of development as well. It will be interesting to see how decentralized prediction markets turn out in the next few years.
The Aragon Network is the first DAO which will act as a digital jurisdiction solution. Anyone can use this platform and benefit from its convenience. It also appears the concept attracted a lot of attention from the ICO community as well, as $25 million had been raised in just 15 minutes. A clear improvement compared to Golem, but it was only a sign of future things to come in this regard. It will be interesting to see if Aragon can live up to its expectations.
Although it appears a lot of people seemingly ignored this particular ICO, the Viberate project has proven to be quite a success so far. In just 4 minutes and 42 seconds, the project reached its crowdfunding goal of around $10 million. ICOs are all about getting in quickly ahead of the competition or you risk losing out. In the case of Viberate, a lot of people – unfortunately – lost out initially, but they can start trading the tokens on Livecoin come October 6th of this year.
No one can discuss recent cryptocurrency ICOs and not mention Bancor in the same breath. This Tim Draper-backed venture attracted a lot of attention from investors all over the world. This new standard for the creation of Smart Tokens will shake things up in the future. The team raised $152 million in 3 hours. A lot of time was “wasted’ in this regard to the Ethereum network getting congested, though. Otherwise, this time could have been cut in half or less, by the look of things.
The Brave browser is a pretty bold concept that may or may not work out in the end. The company created an ICO for the Basic Attention Token, which is the native currency of this project. A total of $35 million was raised in just 30 seconds. It is uncanny how time has become such an integral part of cryptocurrency ICOs over the past few months, even though there will be plenty of trading opportunities for this token moving forward.
