Top grossing ICOs of 2017

One after another, the blockchain network has seen the introduction of companies—each claiming to offer something innovative, something unique. With ICOs, fundraising has been democratised and has enabled companies to raise enormous sums of money.

Many ICO’s have succeeded in raising a decent amount of funding but there are some ICOs breaking records day after day having raised millions and still counting. Just a few weeks back, the Hdac project raised a 100 million dollar pre-sale! While this list will definitely change again in the coming weeks, here’s a short list of the top grossing ICOs so far in 2017 –

Filecoin–$257 million (and counting)
And counting! Launched on August 10, 2017, FileCoin is a decentralised market for storage based on the blockchain technology. It employs peer-to-peer InterPlanetary File System to store secure date which provides users to earn files by offering their hard drive storage space.

In three months of its launch, this platform has grossed a funding of $257 million (from accredited investors and venture capital firms) and is expected to go beyond.

Tezos–$232 million
Tezos is an innovative platform that claims to offer an on-chain mechanism to fix the rules that govern blockchain and its reward protocol systems. What’s innovative? Tezos does not rely on off-chain debates and consensus to change the core software but has a self-governing mechanism built into the software protocol itself.

Launched in July 2017, this platform raised $2323 million in bitcoin and ether within a 14-day sale period.

EOS–$183 million (and counting)
EOS was the big thing with raising $183 million until Tezos overtook it three weeks later. Launched in June, EOS was able to attract quite a handsome funding due to its claim to provide blockchain solutions that offer data integrity, security, and efficiency.

The EOS software is being built by a Cayman Islands company block.one. With the EOS software, the company is aiming to create a blockchain architecture that holds the potential to host millions of transactions each second while allowing for easy deployment of decentralised applications.

Bancor–$153 million
A platform aiming to build a decentralised exchange ecosystem to enable a peer-to-peer secure transaction among holders, Bancor raised around $153 million in its June ICO. One feature of the Bancor platform appreciated by many is its support to any and every issued token irrespective of the number of users.

Bancor is basically a decentralised liquidity network allowing users to hold any Ethereum token and convert it to any other token in the network using a web wallet.

Status–$108 million
Launched on June 20th, 2017, Status raised $95 million in its ICO sale which has now increased to $108 million.

Status is a mobile Ethereum OS that allows you to browse, chat, and make payments on a decentralised web. It allows the users to enjoy encrypted messaging by default employing a peer-to-peer protocol that does not depend on any centralized server.

TenX–$80 million
Another promising blockchain startup, TenX held its ICO sale in June 2017 and was able to raise $80 million.

TenX has built a protocol that enables quick and safe transactions across different blockchains. TenX is a payment company the enables its users an easy-spend of their cryptocurrencies through a debit card that is accepted on all VISA and MasterCard and a mobile wallet.