Rediscover the period of 2017 through 2018, commonly referred to as the “ICO Boom,” which laid the groundwork for some of the largest and most widely used crypto projects today.
In 2017 the initial coin offering boom launched a tidal wave of activity for the crypto industry. Despite being plagued by scams and fraud, the ICO boom was also responsible for some of the most important crypto projects in the industry today.
An ICO is a token sale that blends the initial public offering model commonly used in the world of traditional finance with crowdfunding, selling the tokens to raise funds for a blockchain-based project. The functionality offered by Ethereum saw the price of the network’s native token Ether rise rapidly in conjunction, skyrocketing from a price of around $10 in January 2017 to a peak of nearly $1,400 in January the following year.
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