The Rise and Rise of ICO in late 2017
If you still don’t know what is “blockchain” or what is “bitcoin”, The recent work from Max Galka will assure you this is the high time to do some self-study, or you will miss the birth time of “another Internet”. The idea of ICO, Initial Coin/Chain Offering, is an analogy of IPO. With the inception of “smart contract” capability, fundraising, a process to exchange currency to certificate, can be done in a distributed manner. The “currency” in the chain world can be Ethereum, NEO, BitCoin, … The “certificate” in the chain world is called “token” so the ICO process is also referred to as “token sale”. The convenience of ICO gains rapid growth with crazy capitals pouring into this field. Just check out this interactive/ animated token sale history.
Screenshot: The ICO Market Cap to date (Nov 2017)