The ICO space is increasingly growing despite the regulatory uncertainties that threaten its future. In 2017, ICO startups raised more than $3.5 billion dollars, more than thirty times the amount raised in 2016. This year, ICOs are expected to hit $4 billion dollars if the shift to target mobile users is successful.
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What is an ICO?
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An Initial Coin Offering is a method new cryptocurrencies use to raise funds. ICOs presell their own cryptocurrencies to willing investors at low prices. A promising ICO tables a white paper detailing what their network will offer in the cryptocurrency industry. They then market their network, raising funds until the official ICO launch date. ICOs that offer the most revolutionary technologies likely raise the highest amount of money. Here is a look at top ICOs that raised more than $100 million dollars each in 2017:
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- Filecoin-this ICO offers a blockchain-based data storage platform. Based in the USA, the company raised $257 million in 2017.
- Tezos-in July, Tezos raised $232 million dollars, much of which came through mobile cryptocurrency investors. Tezos’ aim is to be more reliable than etherium or bitcoin.
- Sirins lab-based in Switzerland, the company raised $157 million in December. Sirins labs plan to build a blockchain-based smartphone.
- The Bancor Protocol-Israel based ICO that raised $153 million in June 2017. The ICO offers a decentralized liquidity technology for etherium.
- Polkadot-Switzerland based ICO raised $145 million in October. Their platform allows people to use multiple blockchains at the same time
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The top 5 ICOs of 2017 raised nearly $1 billion dollars. The iOS ICO app, Offr3r, noted that nearly half the money raised by top ICOs in 2017 came from mobile investors. The ease of buying and selling cryptocurrencies via smartphones will likely continue in 2018. ICOs have already begun shaping their marketing strategies to reach out to as many mobile investors as possible.
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Best iOS Apps for Cryptocurrency Trading
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- Coindesk
Coindesk is arguably the most popular resource platform for cryptocurrency investors. Their iOS app serves as a news channel for existing cryptocurrencies and upcoming ICOs. Coindesk also publishes hundreds of useful articles about cryptocurrency trading every week. It has a calculator, price charts for bitcoin and etherium as well as other important graphs.
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- Coin Telegraph
CoinTelegraph is nearly as popular as Coindesk despite only offering news. The app is available to both iOS and android mobile devices. Cointelegaph’s biggest advantage is that it keeps you updated about important cryptocurrency and ICO news. The app has a friendly platform where you sort through tons of articles and share them if you want to.
- Tabtrader
Tabtrader makes tracking ICOs easy by drawing relevant information from popular websites to the app. Instead of sorting for ICO information on Reddit, coindesk and other magazines; simply download this app and you will save a lot of time. The app is also free to download.
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- Blockfolio
This is a comprehensive iOS app that helps cryptocurrency users manage their investments with ease. The app lets you choose ICOs and cryptocurrencies to track. You then bookmark them in the app and blockfolio will bring relevant articles to you. Additionally, blockfolio acts as a news source for cryptocurrency and ICOs.
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Conclusion
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As consumption for mobile devices increase, the best ICOs in 2018 will focus their attention to mobile marketing. The number of mobile friendly wallets is also expected to increase, paving way for cryptocurrency to go mobile. Stay updated about ICO regulations, news and popular cryptocurrency stories by visiting our website often.
