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2077 Collective
@2077collective
Ethereum's Role in the 2017 ICO Boom: Fueling a New Era of Fundraising! Ethereum ignited the ICO boom between March and December 2017, revolutionizing how startups raised funds. With countless projects leveraging Ethereum, it transformed the blockchain space and redefined capital raising. Before 2017, startups relied on traditional funding like VCs and IPOs. Then came ICOs, changing the game by allowing projects to issue tokens for Bitcoin or Ethereum. Ethereum’s smart contracts made this process quick and accessible, democratizing fundraising and sparking innovation globally. The 2017 ICO boom was powered by Ethereum: - Smart Contracts: Automated funding, reducing fraud and boosting trust. - ERC-20 Standard: 80% of ICOs used ERC-20 tokens, making it the go-to choice. - Accessibility: 2M+ Ethereum addresses joined the ICO wave. - Decentralization: No central control—just pure, decentralized fundraising.
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2077 Collective
@2077collective
Ethereum's impact on the 2017 ICO boom was huge: - $5.6 Billion Raised: ICOs using Ethereum raked in over $5.6 billion, making it the top blockchain for fundraising. - 2,000+ ICOs: Over 2,000 ICOs launched, with Ethereum handling 500,000 daily transactions at its peak. - Record ICOs: Big hits like EOS ($4B), Tezos ($232M) and Filecoin ($257M) set new fundraising records. - Market Cap Surge: Ethereum's market cap shot up from $1 billion to nearly $70 billion by year’s end. The 2017 ICO boom, despite its bumps—like regulatory issues and scams—set the stage for blockchain's future. Ethereum showed how blockchain could shake up finance and drive new opportunities.
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