History of ICOs — Steemit
Mastercoin held the first token sale (also known as an ICO) in July 2013, the fundraising event ran for almost one month and raised close to 5,000 bitcoins (around $5000 at the time). Ethereum raised money with a token sale in 2014, raising 3,700 BTC in its first 12 hours, equal to approximately $2.3 million at the time. In 2016 alone, 54 major ICOs raised close to $103 million, with ICONOMI ($10 million) and SingularDTV ($7.5 million)being the front-runners.
2017 was a break-out year for ICOs.