Top 5 projects that successfully survived i̇co
|The ICO boom in 2017 was marked by a huge number of start-up projects. Most of the companies disappeared from the market almost immediately after the collection ended, causing a wave of discontent among private investors.
Nevertheless, some startups were able to use collected money to develop their business and build successful companies offering today ready-made solutions in fintech, entertainment, gambling and other industries. We have selected top projects that successfully survived ICO and continue to develop.
Ethereum
Ethereum can truly be called the most successful ICO. The world's first most popular blockchain and the second most capitalized cryptocurrency ETH was once a startup too and raised funds from investors. The company first announced ICO in 2017. The $18 million hardcap was closed for 42 days. In 2018 ETH token value increased to $1417, making the cryptocurrency the most expensive for the entire ICO boom.
Ethereum is the leading platform for creating blockchain projects now. Thousands of successful projects are powered on its basis. Starting in 2019 company developers have been working on a new version of ETH 2.0, which will not only launch the Proof-of-Stake consensus protocol, allowing token hodlers to earn money on ETH staking, but also make the network more sustainable and reduce transaction fees.
NEO
The Chinese platform of smart contracts, nicknamed “Ethereum killer” by cryptocommunity, was founded in 2014. Two years later it ran a successful ICO, earning more than $28 million. Capital investors were large financial companies that bought project tokens for only $0.20 and a few months after the end of the fundraising NEO coin price rose to $124. Today NEO capitalization exceeds $3 billion and the asset value varies from $44-46 apiece.
At the moment NEO has announced the launch of a new blockchain platform N3, allowing not only to significantly save on gas, but also to get access to NFT tokens purchase and storage. The creators encourage projects running on Neo platform to migrate to a new blockchain, offering a number of advantages including interoperability with other blockchains such as Ethereum and BSC, built-in oracles and other useful tools.
True Flip
True Flip has become one of the most successful and steadily growing blockchain projects in entertainment sector. The first blockchain lottery allows token holders to participate in a daily draw of awards and vote for the future lottery development. The company raised more than $8 million during ICO and was able to keep the price of tokens even after it. According to CoinMarketCap, TFL token value is $0.95 and the total market cap exceeds $5.9 million.
Not so long ago the company announced its plans to revise token development strategy and make it an independent project that will function separately from True Group.
According to company representatives, True Flip will launch a project on DeFi and intend to release several NFT for the gaming industry. Pretty soon the team will introduce an updated website with a new vector of TFL token development.
IOTA
Despite the fact that many users consider IOTA as a blockchain project, it is not inherently. The platform is based on a distributed ledger including a system of nodes to confirm transactions. The company announced ICO in 2015 and sold over a billion tokens worth over $400,000 during that period. Today IOTA solutions are used in projects working with the Internet of Things.
IOTA ranks 48 in CoinMarketCap with $3.8 billion of capitalization. The current token value is $1.38.
Ark
The native token of Ark blockchain platform is a payment and investment tool,
allowing users to create projects and applications based on company solutions. The startup was launched back in 2016 and raised more than $800 thousand for ICO in 2017. The project token was sold at $0.5, but after the end of ICO and the market entry the price rose to $10.29. Cryptocurrency capitalization is over $269 million. You can buy an asset on Binance, OKEx, HitBTC and other exchanges.
Summary
The ICO boom promoted the creation and development of a number of promising startups. They are successfully developing and scaling, bringing profit to their investors. Prosperous ICO projects were able to prove that every dollar invested was aimed to create a unique product that is used by millions of people today.
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