The Role of ICO Development on the Cryptocurrency Industry

Vanessajane30 Oct, 2020Computer & Internet

The process of Initial Coin Offering Development has been embraced by startups to gain funding by using cryptocurrencies. The first ICO was by Mastercoin in 2013. ICO�s peaked between 2016 and 2018 where a whopping amount of $28 billion was raised by 1601 different ICO projects. They have been popularly called as a viable fundraising method for the future as they are not subject to direct taxation. Some of the biggest ICO�s have been Filecoin, Tezos, EOS, and Bancor. ICO�s can be either private or public.