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cryptocurrency fundraisingCoinGape
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83% Informative
J.R. Willett is recognized for the first ICO with his invention, Mastercoin .
Willett ’s significant achievement occurred in 2013 , when he initiated the Mastercoin ICO, securing USD$500,000 in Bitcoin .
The ICO model became popular, and a go-to method for fundraising with the blockchain and cryptocurrency industries.
The rise of ICO as a fundraising method is often compared to IPOs, but while both are ways to raise capital, the models differ significantly.
ICOs have significantly contributed to the growth of the cryptocurrency ecosystem, providing prospects for both investors and developers.
Currently, more regulated models like IEOs ( Initial Exchange Offerings ) are utilized; however, ICOs continue to significantly impact how blockchain projects obtain funding.
The concept of ICO began with Mastercoin , the initial public token sale for a blockchain-oriented initiative.
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