According to TokenData, a cryptocurrency data tracking Website, up to 902 Initial Coin Offering projects were recorded last year. 142 out of that amount failed even before the Offering while 246 failed just after raising funds for their projects.
435 out of the 902 ICO projects which were considered to be a success were able to raise an average of up to $12.7 million.
Despite all these, cryptocurrency startups were still able to gross $5.6 billion USD in 2017 alone according to Business Insider. 25% of this amount was raised by the ten largest Offerings alone.
With over $1.1 billion raised by 48 ICOs so far this year, the trend is clearly not showing any signs of slowing down. It is interesting to note that this figure does not include the $850 million already secured by Telegram in its ICO presale as it aims for a $2 billion mark later this year.
Top Grossing ICOs of 2018 So Far
In order to properly determine the top-grossing ICOs so far, we would focus on the amount the ICO has been able to raise in funds in 2018 so far.
Telegram is leading the pack of top-grossing ICOs with funds raised.
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1. Telegram
Telegram in its ICO first and foremost targeted venture capital firms and accredited investors. Telegram did this by giving a discount to its Gram token, thereby resulting in an $850 million sale exceeding their initial $600 million target.
With this amount raised already by selling just to accredited investors and capital firms only, one can only wonder how quickly the company will reach their $2 billion target when they finally decide to sell to unaccredited investors and the general public.2. Dragon
Having raised $320 million already in its ICO, Dragon coin is aimed towards the casino and gaming industry. It acts a low-cost, Frictionless and transparent alternative to gaming industry's old-aged mechanism.
It uses blockchain technology to reshape the gaming industry and at the same time benefitting the public and those rooted in the gaming industry.
With its $320 million raised so far in 2018, we can expect more from it.3. Huobi
Huobi has been one of the largest digital currency exchange in China launched its token sale in February 2018 and has so far raised $300 million.
These funds raised is as a result of the launch of three tokens in its Huobi.pro trading platform. These tokens include 0x (ZRX), Kyber (KNT) and Airswap ( ASP).
Huobi.pro the digital trading platform in which these tokens are launched in features an advanced distributed system architecture which is built to protect and withstand potential attacks and DDoS.
With its $300 million raised already, we can expect to see more from this ICO as the year runs down.
The above listed ICOs are the top three grossing ICOs in terms of funds raised so far in 2018. As the year runs down, we expect to see an increase either from these ICOs or from other ICOs picking up pace.
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Be advised @cryptoletter
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Great share @cryptoletter The number of ICOs have increased in 2018 along with advertisements for them. It's very interesting to view which ICOs performed well according to their gross!
Hey, just wanted to let you know I gave you an upvote because I appreciate your content! =D See you around