The Block.One ICO Surpassed Bancor's Record by Raising at $185 Million. Exclusive

The new - age fundraising techniques - ICOs and crowdsales are turning mainstream , and the standing proof of trend shift is the performance of recent ICO's. Last month , Bancor created a record , after raising over $150 million , a first for any cryptocurrency token crowdsale. While people are still talking about its success , another decentralized platform , Block.One has surpassed Bancor’s mark to raise over $185 million in five days.

Block.One is one of the many recent blockchain startups that offers decentralized digital ledger solutions for businesses. The company decided to opt for a different approach to the ICO. Instead of hurrying with a week - long or a month -long token sale , Block.One’s crowdsale will run for one whole year (341 days) , where participants can jump in anytime and purchase the platform’s EOS tokens.

As a part of the long-term ICO , the company has set aside 1 billion EOS tokens , out of which investors already purchase 20 percent of them. The whole intention behind the 341-day crowdsale was to reduce the flash rise effect , which is quite evident in other ICO's. But it seems the platform has failed to curb the enthusiasm in any way.

The current trend shows that the demand for EOS tokens will not subside anytime soon. The success of EOS token sale also takes the Block.One project a step nearer to making blockchain solutions easily available to businesses , irrespective of their size.

Meanwhile , there are concerns about these rapid ICO's raising a lot of funds. Some believe that such ICO's increases the risk of poor performance in the long-term.

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