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2077 Collective
@2077collective
What is Ethereum's ICO, and why is it celebrated? 🤔 Ethereum Initial Coin Offering (ICO) is a fundraising event that occurred in 2014 to support the development of the Ethereum blockchain. During this ICO, the creators of Ethereum offered a new cryptocurrency called Ether (ETH) to early investors in exchange for Bitcoin. Here are 5 interesting stats and facts about it: 1. Duration & Funds: The Ethereum ICO ran from July 22 to September 2, 2014, and raised approximately $18.3 million in Bitcoin. 2. Price: Ether (ETH) was sold at a rate of 2,000 ETH per BTC at the start of the ICO. 3. Tokens Sold: Around 60 million ETH were sold to contributors during the ICO. 4. ETH Value: At the time of the ICO, the price of 1 ETH was roughly between $0.30 and $0.40 USD. 5. Participants: The ICO attracted contributions from over 11,000 different buyers.
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