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   4014
Blockchain

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

Bitcoin

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.

Wirex to Issue 26 Stablecoins on XLM Blockchain

Wirex chosen Stellar blockchain because company considers it safe, easily scalable and relatively inexpensive to use
25 April 2019   88

British online banking platform Wirex has announced the listing for the XLM token, as well as the release of 26 stablecoins on the Stellar blockchain, pegged to fiat currencies, including USD, EUR, GBP, HKD and SGD.

Prior to this, Wirex card supported eight digital assets and ten fiat currencies.

In addition, Wirex added the ability to instantly convert steablecoins to each other at over-the-counter rates.

As the company expects, new assets will be used for money transfers, issue and redemption of tokens, as well as for payments for services.

The choice of Wirex fell on the Stellar blockchain, as the company considers it safe, easily scalable and relatively inexpensive to use.

Last year Wirex became the third company in a row that received a license to provide services in the UK and Europe.