Initial coin offerings (ICOs) have been thought to have raised a grand total of $3,880,018,203 USD throughout 2017 – and after the opening weeks of 2018 saw renewed regulatory pressure, many thought the day of the token sale was gone for good.
However, history has vindicated those who have placed their faith behind 2018’s ICOs – statistics from CoinSchedule reveal that an estimated total of $8,930,376,614 USD has been raised from new coin projects nearly six months into the year.
Within that sum lie three power players who’ve managed to re-shape the game through generous private investment and votes of confidence from the ordinary public. Here, we take a look at the biggest ICOs of 2018 thus far.
Telegram’s intent to hold its own ICO leaked to the internet before even the most committed investors heard of the news – and true to its origin, the platform’s new cryptocurrency project has done things a little differently than its peers.
Telegram outlined its Telegram Open Network (TON) concept earlier this year, where the company initially set an ambitious goal of $1.2 billion USD for its planned project.
At press time, Telegram has now has raked in a colossal $1.7 billion USD in funding from its private pre-sale.
While that figure means that Telegram has successfully conducted the largest ICO of all time, it’s also worth noting that the project hasn’t opened its doors to the general public as yet.
According to rumor, Telegram might proceed to cancel its public ICO to avoid legal scrutiny, and will instead use the proceeds of its private pre-sale to fund the launch of its open network.
Perhaps the most recognizable – and controversial – state-backed cryptocurrency,