The History of ICO boom in 2017 | 10% for @tron-fan-club

The year 2017 can be marked as a significant milestone in the cryptocurrency industry. This is because of the advent of the Initial Coin Offering (ICO) boom. ICOs emerged as a fundraising method for blockchain projects. Initially ICO had existence but a high boom has been experienced in 2017. This boom allowed the cryptocurrency based projects to raise funds by issuing and selling their own digital tokens or coins. During this period, the ICO market experienced an unprecedented growth. As a whole, over $6 billion raised from investors worldwide through ICO in 2017.

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The ICO boom of 2017 was influenced by various factors.
Firstly, the growing popularity of cryptocurrencies. This is the main reason because in that time the users and concern persons about cryptocurreny was high. Bitcoin and Ethereum were highly popular in that time. This popularity of Cryptocurrency was the foundation for ICOs. Ethereum's smart contract capabilities enabled the creation of custom tokens. With the help of trust from smart contract, it was easier for projects to launch ICOs and distribute tokens to investors.

Secondly, ICOs offered a new and innovative way for startups to raise capital quickly and efficiently. ICOs presented an innovative and quick fundraising method that eliminated the need for intermediaries. This is a direct interaction between projects and investors.

Thirdly, the potential for significant returns on investment through ICO was huge compared with traditional financial markets. ICO participants were enticed by the possibility of investing in projects at an early stage and potentially profiting from the subsequent increase in token value. This speculative nature of the market attracted a large number of retail investors in this ground.

The ICO boom helped the blockchain projects across various industries, including finance, gaming, and healthcare to be accepted specially the initial fundraising projects or new fundraising of expansion of business. These projects issued tokens that represented various utilities within their systems. That boom of ICO has a huge impact on crypto World.