![EOS Raises Record-Breaking $4 Billion from Crowdsale](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2018/05/eos-ico-cover.jpg&w=70&h=37&q=75)
EOS Raises Record-Breaking $4 Billion from Crowdsale
![EOS Raises Record-Breaking $4 Billion from Crowdsale](https://cryptoslate.com/wp-content/uploads/2018/05/eos-ico-cover-768x274.jpg)
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.
![ICO Contributions In 2018 Already Surpass the $5.6 Billion Raised in 2017](https://cryptoslate.com/wp-content/uploads/2018/04/icos-2018-raised-social-300x158.jpg)
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 ›