Too Long; Didn't Read
The crypto revolution which started in 2008 when Satoshi Nakamoto first conceptualised the idea in “<a href="https://bitcoin.org/bitcoin.pdf" target="_blank">Bitcoin : A Peer-to-Peer Electronic Cash System</a>” has come a long way today. It has gained a lot of traction in the past two years and at the height of its popularity the price of Bitcoin even <a href="https://cointelegraph.com/news/bitcoin-hits-20000-per-coin-capping-year-of-enormous-growth" target="_blank">touched USD 20,000 </a>briefly. It has also given rise to a new form of fundraising namely Initial Coin Offering (ICO). Along with bitcoin, ICOs too have gained tremendous popularity as a fund-raising mechanism for both blockchain and non-blockchain based startups. The strong fundraising momentum has continued in 2018 and in the first 5 months of the year alone <a href="https://www.coinschedule.com/stats.html?year=2018" target="_blank">383 ICOs have raised close to USD 9Bn</a>, which is more than double the amount raised in 2017.