EOS Raises Record-Breaking $4 Billion from Crowdsale 🚨 This article is 7 years old...
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EOS Raises Record-Breaking $4 Billion from Crowdsale
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Updated: Nov. 7, 2019 at 2:27 am UTC
Photo by Jesse Echevarria on Unsplash
A fierce competitor to the Ethereum network, EOS is one of the most popular cryptocurrencies trading on the market today. Block.one, the developer behind EOS, has already raised a record-breaking $4 billion USD from its yearlong ICO ending on June 1.
The Largest ICO To-Date
The initial coin offering phenomenon has taken the world over as a new method for startups to raise significant amounts of capital without having to give up equity and draw investments from venture capital or institutional firms.
According to WSJ, the total amount invested in ICOs has risen from $6.6 billion in 2017 to $7.15 billion USD in 2018 so far – despite regulatory uncertainty and restrictions in many major countries, such as China and South Korea.
EOS has sold over 900 million ERC-20 tokens worth nearly $4 billion USD in their yearlong coin offering launched June 26, 2017.
Dwarfing most other ICOs and nearly doubling the second largest coin offering of this year (Telegram at $1.7 billion USD), EOS is well-prepared to launch its mainnet on June 2 and compete with Ethereum for the mantle of the most popular blockchain operating system.
EOS Market Data
At the time of press 2:27 am UTC on Nov. 7, 2019, EOS is ranked #6 by market cap and the price is up 7.95% over the past 24 hours. EOS has a market capitalization of $5.82 billion with a 24-hour trading volume of $2.57 billion. Learn more about EOS ›
Crypto Market Summary
At the time of press 2:27 am UTC on Nov. 7, 2019, the total crypto market is valued at at $251.97 billion with a 24-hour volume of $79.73 billion. Bitcoin dominance is currently at 56.72%. Learn more about the crypto market ›
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EOS
$0.88001
EOS is a blockchain protocol that enables horizontal scaling of decentralized applications, allowing developers to efficiently create high performance distributed applications..
Based in Hong Kong, Brendan Blumer is an American entrepreneur, executive, and investor who currently serves as the CEO of Block.one.
Daniel Larimer, a renowned software programmer and cryptocurrency entrepreneur, has significantly contributed to the evolution of blockchain technology and digital currencies.