What is ICO crowdfunding?
We are no strangers to IPOs, but what is ICO crowdfunding? In fact, there is no standard definition so far. The following articles from Zhihu are as follows:
Definition of ICO:
ICO is short for Initial Coin Offering. ICO is the product of the international digital currency/blockchain community, and so far there is no official official or dictionary definition.
"ICO is adapted from the term Initial Public Offering (Initial Public Offering) in the securities industry. In essence, ICO is also a 'public offering', which just changes the subject matter issued from securities into digital cryptocurrencies."
——Attorney Sun Ming, Partner, Broad & Bright
Origin of ICO:
All successful digital currency and blockchain (blockchain refers to "blockchain public chain") projects are community projects. In a common ICO, digital currency and blockchain projects sell project tokens to early enthusiasts. The project team obtains technology development and market expansion funds through ICO; while project enthusiasts support the project through ICO, and can also choose to exit the transaction after the corresponding token enters the trading market.
The relationship between ICO and Bitcoin:
The first ICO that can be checked came from the Mastercoin project (now renamed Omni), which announced on BiTCOintalk (the largest Bitcoin and digital currency community forum) in July 2013 to conduct ICO crowdfunding through Bitcoin, and generate The corresponding Mastercoin tokens are distributed to the crowdfunding participants. In essence, this ICO is a kind of barter, that is, participants exchange bitcoins for tokens in the Mastercoin project. At the beginning, ICO was just a community behavior of digital currency enthusiasts. With the continuous development of digital currency and blockchain, more and more people began to accept and participate. The vast majority of ICOs are conducted through Bitcoin or other digital currencies.
Several famous ICO cases:
The following is a list of representative international ICO cases in chronological order:
In July 2013, Mastercoin (now renamed Omni): the earliest ICO project that can be checked, expands Bitcoin functions through meta-protocol, and raises 5000 btc.
December 2013, NXT (Future Coin): The first complete PoS blockchain, once mysterious developers, and a strong community that continues to grow. ICO Myth: Raised 21 BTC (yes, you read that right, 21 BTC, about $6,000 at the time), and the market value peaked at $100 million.
From 2013 to 2014, Bitshares: One of the "Three Musketeers of the Second Token of Digital Assets" (the other two are NXT and CounterParty), the source of saliva in the domestic digital currency industry, and the reputation is mixed. Its community has cultivated a large number of early ICO and digital asset enthusiasts in China.
July 2014, ETHereum : The ICO raised more than 30,000 bitcoins and set a record. A blockchain project that advances the concept of smart contracts to the extreme, allowing the world to re-understand the blockchain public chain project. The most successful ICO in the past two years is also the digital currency/blockchain project with the highest market value other than Bitcoin so far. Recently, due to the TheDAO incident, the weather has been uncertain.
March 2015, Factom: dual-token design, the first blockchain commercialization of proof of existence, and the resulting dual-organization setup of foundations and companies.
March 2016, Lisk: Ethereum challenger, Dapp solution utilizing sidechains.
May 2016, TheDAO: World record ICO crowdfunding equivalent to $150 million, atypical ICO (which itself is not a blockchain). It was hacked a month after the arrival of the smart contract era, which was loudly announced to the world, and it left a deep double exclamation mark in history.
ICO's professional website:
ICOs come from the community and come from the market. If you are patient and know how to surf the Internet scientifically, you can find sections and projects on Bitcointalk, the home of all digital currency and blockchain ICOs. You can also find screened ICO projects on the following three websites:
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