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Top 6 ICOs Which Sold out Quickly

The cryptocurrency ICO industry has reached a whole new level of hype over the past few months. Even though this sector has faced a lot of regulatory backlash, many projects have successfully raked money in quickly. Below are some of the more recent projects which collected millions of dollars in incredibly short amounts of time.

6. Golem

When the Golem ICO successfully raised US$8.6 million in 29 minutes, people felt this was a major accomplishment in the nascent ICO industry. However, a lot of new records have since been set in the wake of this particular crowdsale. It is still worth mentioning Golem, as it also introduced the race for decentralized supercomputer solutions which can be accessed by anyone. The project seems to have done fairly well since the crowdsale took place, which is a rarity as well.

5. Gnosis

The Gnosis project is another one of those surprising crowdsales. Even though some people felt its US$12 million target was pretty optimistic, it proved quite attainable in the end. Indeed, it took all but 10 minutes to raise the money. For a prediction market, this crowdsale turned out to be a big success. Things are going well these days in terms of development as well. It will be interesting to see how decentralized prediction markets evolve over the next few years.

4. Aragon

The Aragon Network is the first DAO which will act as a digital jurisdiction solution. Anyone can use this platform and benefit from its convenience. It also appears the concept attracted a lot of attention from the ICO community as well, as US$25 million was raised in just 15 minutes. Although that was a clear improvement compared to Golem, it was only a sign of things to come. It will be interesting to see whether Aragon can live up to its expectations.

3. Viberate

Although it appears a lot of people seemingly ignored this particular ICO, the Viberate project has proven to be quite a success so far. In just 4 minutes and 42 seconds, the project reached its crowdfunding goal of around US$10 million. ICOs are all about getting in quickly ahead of the competition or risk losing out. In the case of Viberate, a lot of people unfortunately missed out initially, but they can start trading the tokens on Livecoin come October 6th of this year.

2. Bancor

No one can discuss recent cryptocurrency ICOs and not mention Bancor in the same breath. This Tim Draper-backed venture attracted a lot of attention from investors all over the world. This new standard for the creation of Smart Tokens is sure to shake things up in the future. The team raised US$152 million in just 3 hours. A lot of time was “wasted” due to congestion on the Ethereum network, though. Otherwise, the time could have been cut in half or less, by the looks of things.

1. Basic Attention Token (Brave)

The Brave browser is a pretty bold concept that may or may not work out in the end. The company created an ICO for the Basic Attention Token, which is the native currency of this project. A total of US$35 million was raised in just 30 seconds. It is uncanny how time has become such an integral part of cryptocurrency ICOs over the past few months, even though there will be plenty of trading opportunities for this token moving forward.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

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