What was the total number of ICOs launched in 2017?

In 2017, What was the total number of ICOs launched?

The year 2017 was a pivotal year for the cryptocurrency market, with the emergence of Initial Coin Offerings (ICOs) as a new way for companies to raise funds for their projects. ICOs are a type of crowdfunding that involves the issuance of digital tokens or coins, which investors can purchase in exchange for cryptocurrencies such as Bitcoin or Ethereum.

So, what was the total number of ICOs launched in 2017? According to CoinSchedule, a website that tracks the ICO market, there were a total of 875 ICOs launched in 2017, raising a combined total of $6.2 billion. This represented a significant growth from the previous year, where only 64 ICOs raised a total of $103 million.

ICO Launches by Month

The ICO market in 2017 saw a surge of activity, with new ICOs being launched almost every day. The chart below shows the number of ICOs launched each month in 2017:

January: 51

February: 60

March: 84

April: 91

May: 107

June: 71

July: 91

August: 81

September: 91

October: 109

November: 81

December: 58

What were the most successful ICOs in 2017?

In terms of the amount of funds raised, the most successful ICO in 2017 was Filecoin, which raised $257 million in just one month. Other successful ICOs included Tezos, which raised $232 million, EOS, which raised $185 million, and Bancor, which raised $153 million.

Investing in ICOs: Tips and Strategies

Investing in ICOs can be a high-risk, high-reward proposition. Here are some tips and strategies to consider before investing in an ICO:

1. Research the team and their track record: Look into the team behind the ICO and their previous experience. Do they have a track record of success in the industry? Are they experienced in blockchain technology?

2. Read the whitepaper: The whitepaper is the document that outlines the goals, technical details, and roadmap of the project. Read it thoroughly and make sure you understand the technology and the project's goals.

3. Look at the market and competition: Is there a market for the project's product or service? Are there any competitors in the field? If so, what makes this project unique?

4. Review the token economics: Understand how the tokens will be used within the project and how they will be distributed. Will there be a limited supply of tokens? Will the tokens hold any value beyond the ICO?

5. Consider the risks and potential rewards: ICOs are highly speculative, and there is no guarantee that the project will succeed. Consider the risks and potential rewards before investing.

Conclusion

The ICO market in 2017 was a significant year for the cryptocurrency market, with a surge of activity and a total of 875 ICOs launched throughout the year. While investing in ICOs can be a high-risk, high-reward proposition, thorough research and consideration of the risks and potential rewards can help investors make informed decisions.