Source: ARK Disrupt Issue 84: July 23rd, 2017 https://ark-invest.com/research/ark-disrupt-issue-84
Commonly known as Initial Coin Offerings (ICOs), cryptotoken sales have attracted attention as a novel method to fund blockchain projects. Preparing for an ICO, typically a team of engineers writes a white paper and builds a business plan, ultimately selling tokens for fractional ownership in the project. Each project is governed by specific rules enforced by smart contracts.
The number of ICOs issued in 2017 has been considerable, up nearly 1800% since 2014, as shown below. These projects have raised $1.2 billion, with $600 million in the last month alone. Tezos, EOS, and Bancor have been the biggest ICOs of the season, all deployed on the Ethereum protocol. Too much too soon?
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