ICOs from 2017: Where Are They Now?

ico initial coin offering
ico initial coin offering
  • EOS raised 7.21 million ETH, now holds 140,000 BTC
  • Filecoin, Polkadot, and Cardano exceed ICO funds raised
  • Tezos shows significant growth from ICO to current value
  • Sirin Labs sees a drastic drop in token market value

A Look Back: Major ICO Projects from 2017

As wublockchain reported, In 2017, the crypto world was buzzing with Initial Coin Offerings (ICOs). Projects raised substantial funds, hoping to revolutionize the blockchain space. But where do they stand now?

The Big Players: EOS, Filecoin, and Polkadot

EOS raised an astounding 7.21 million ETH during its ICO. Fast forward to today, the project converted a significant portion to BTC, now holding over 140,000 BTC. Initially valued at $4 billion, EOS currently stands at $22 billion, though its token market value is around $905 million.

Filecoin is another standout. Raising 321,711 ETH in 2017, it had an ICO value of $257 million. Today, Filecoin’s current project value has surged to $980 million, with a token market value of $2.69 billion.

Polkadot also made waves. With 306,000 ETH raised, its initial value was $140 million. Now, Polkadot’s project value is $934 million, and its token market value has skyrocketed to $9.14 billion.

Winners and Losers: Tezos, Sirin Labs, and Others

Tezos raised a significant 361,122 ETH and 65,681 BTC, totaling an ICO value of $232 million. Today, its project value is $4.8 billion, with a token market value of $789 million, reflecting substantial growth.

Sirin Labs, on the other hand, faced challenges. With an ICO value of $157 million from 146,317 ETH, its current project value dropped to $446 million, and its token market value plummeted to $70,000.

Other notable projects include Bancor, Status, TenX, Cardano, and Golem. Bancor raised 390,000 ETH, reaching an ICO value of $153 million. Today, it’s valued at $1.19 billion, but its token market value is just $80 million.

Status raised 300,000 ETH, valued at $108 million during ICO. Currently, it’s worth $910 million, with a token market value of $100 million.

TenX raised 245,832 ETH, initially valued at $80 million. Today, it’s worth $750 million, but its token market value is a mere $1.75 million.

Cardano, one of the most successful, raised 108,845 BTC from 2015 to 2017. Initially valued at $62 million, Cardano now stands at $6.23 billion, with a whopping token market value of $15.71 billion.

Lastly, Golem raised 820,000 ETH in 2016, valued at $9 million. Today, it’s worth $2.5 billion, with a token market value of $350 million.

Conclusion

The ICO boom of 2017 was a pivotal moment for blockchain projects. While some have seen immense growth, others have struggled to maintain their value. As the crypto space continues to evolve, these projects highlight the unpredictable nature of blockchain investments.

Comments

No comments yet. Why don’t you start the discussion?

Leave a Reply

Your email address will not be published. Required fields are marked *