ICO market exceeded $1 000 000 000 in 2017

This year's ICO volume has already exceeded 2016's volume in 10 times
11 July 2017   2929

Distributed database that is used to maintain a continuously growing list of records, called blocks.

According to Smith & Crown, a company specializing in crypto assets, this year start-ups attracted more than $ 1 billion through the ICO, which is ten times more than for the entire 2016 year. The Wall Street Journal reports it.

 Smith+crown rate
Smith & Crown ICOs graph


First decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen

The agiotage around the initial placements of coins greatly contributed to the sharp growth of the cryptocurrency Bitcoin and Ethereum, which were actively used to buy tokens of new block-startups conducting ICO. So, in the first half of 2017, bitcoin rose in price by 160%, and Ether - by 3,350%.

The middle of this year was marked by two large crowdsdale. So, to date, the project Tezos from the startup Dynamic Ledger Solutions Inc. And EOS from the company block.one in aggregate collected more than $ 300 million.

According to the British company Dealogic, the amounts collected by both start-ups are comparable to the average value of funds raised through traditional IPOs. So, in 2016 the average amount attracted by US joint-stock companies was $ 219 million.

Bittrex to List LOOM

LOOM is the token of the American startup Loom Network, which launches decentralized applications
18 July 2018   112

Popular cryptocurrency exchange Bittrex listed Loom Network token LOOM. 

As the team of the exchange said, trading with the crypto currency will begin in the near future. On the background of this news, LOOM showed a price jump fo 14%.

LOOM Price Chart
LOOM Price Chart

LOOM is the token of the American startup Loom Network, which is launching decentralized applications.

In January, Bittrex tightened the criteria for listing new tokens. Now, developers need to provide technical information about the token itself, as well as the data of at least one team member. At the moment, the exchange has 290 digital coins.