Cryptoindustry is rapidly developing, which includes its part that seeks to replace venture investment and public capital markets altogether. Even projects that have nothing to do with blockchainsometimes use ICO as a way to raise funds via issuing their own token.
ZrCoin, the first tokenized factory in Russia, has raised nearly $1.4 million from 800 investors on the first day of its ICO, with $300,000 being the highest investment. As of now, the sum of raised amounts has surpassed $1.6 million.
Kolionovo Ecosystem, a project aimed at creation and a large-scale testing of the model of the local economy and raising funds for the development of real production of agricultural goods and services, announced it successfully concluded its crowdfunding campaign raising $510,533.
Seeking to enable the company to finalize its product in beta, EncryptoTel intends to launch an ICO on April 24. The company develops a secured telecom network featuring encrypted VoIP services for businesses and individuals.
Another day, another ICO. The total amount of investments raised by The DAO, Ethereum and Waves alone comprised nearly $195 million. However, most crypto fundraising campaigns still occur in legal vacuum. So why do crypto projects prefer the crypto-based way of raising funds over those traditional, like venture capital financing?
Last year we have seen a number of innovative blockchain projects popping up to push traditional technologies to their very limits. Cloud computing was one of the industries tackled. Golem and Elastic generated a lot of excitement within the community but as their development seemingly slowed down, a new project.
2016 has brought more drama in the world of cryptocurrencies: the rise and the fall of The DAO, Ethereum’s controversial hard fork and subsequent emergence of Ethereum Classic, and the attack on Bitfinex, among others. Certainly, all of us would like to know what’s on the table now.
In an exclusive interview, CEO and founder of Waves Sasha Ivanov told ForkLog about his vision of development of cryptocurrencies and blockchain; new emerging trends in fundraising; and gave a few valuable pieces of advice to anyone considering an ICO.