Turkey’s largest ICO (intitial Coin Offering) Welcome to the ICO database Bank. You can follow all newly released and upcoming ICOs on our site, if you want, you can visit the registration page and send your information. ICO Bank is a free site and will go further thanks to your donations. Thank you in advance for your support and donations.
Intitial Coin Offering means Initial Coin Offering in the Digital Environment. It is a new way to raise capital for all types of blockchain-related projects by selling cryptocurrency. New projects are used to sell Bitcoin, Ethereum, other cryptocurrencies and sometimes newly minted crypto tokens for fiat. In a way, it is similar to Initial IPOs, but it can also happen that ICOs are mostly fake or give little or no rights to their investors.
Brief History: It started in 2013 when it was made by Mastercoin, a digital currency and communication protocol. It rose by about 5 million dollars. Ethereum soon followed, which managed to raise about $ 18 million at the time.
Since 2014, the ICO market has been growing steadily but did not see a boom until 2017-2018. It saw 875 ICOs in 2017 alone, almost 30 times more than $ 96 million in 2016. They helped increase over $ 6.2 billion compared to $ 96 million in 2016. Still, the record year was 2018 with over 1200 ICOs, with an increase of $ 7.85 billion.
The largest ICO to date is EOS, a decentralized application network that raised over $ 4 billion in several rounds in 2017 and 2018. Since the ICO boom in 2017 and 2018, interest in ICOs has started to decline.
How it works: A project or a company states its intention to organize an ICO by publishing a so-called whitepaper. It explains the project, its goals, how much capital it should raise when planned, and other information to help investors decide whether to participate.
In exchange for making an investment, an investor receives the project’s cryptocurrency and is often referred to as the token. Depending on the project, tokens, other cryptocurrencies or the US dollar, euro, etc. It can be purchased for fiat coins, such as.
ICOs allow startups and other companies to raise capital much more easily, for example by selling shares or bonds or taking out loans. The market is still largely unregulated and they don’t have to deal with venture capitalists or banks. Going forward, however, it can be expected that raising capital through an ICO will become more complex as the market matures and new regulations are introduced.
ICOs published on our site are not investment advice, and you need to decide whether to register for them. You can find more information about ICO in our Frequently Asked Questions section.