2016: The Year Blockchain ICOs Disrupted Venture Capital

You may have missed it in 2016, but initial coin offerings, or ICOs, have become the dominant way to fund new cryptocurrency projects.

In an ICO, a project sells part of the total token supply to early adopters in exchange for money with which to progress.

ICOs have two primary benefits: they provide funding to the team to see the project through, and incentivize a community to contribute (who gains if the project succeeds and the tokens are worth more than they bought them for).

Although 2016 witnessed a high number of ICOs, they are not a new phenomenon and some ICOs from earlier than 2015 include well-known projects like ethereum, Factom, Augur, NXT and Mastercoin.

Read more : 2016 – The year BlockChain ICOs disrupted Venture Capital

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