Cryptocurrencies are continuing to experience a growth in terms of popularity and reputability. Since Bitcoin was first launched 10 years ago thousands of other coins have followed suit, matching the increase in demand for cryptocurrencies. The last decade has also seen a dramatic increase in the applicability of cryptocurrencies, with more businesses allowing for transactions in coins and even Bitcoin ATMs entering the scene.
The method of raising funds for and launching a new currency is changing, alongside cryptocurrencies growing popularity around the world. Since its inception in 2013, the Initial Coin Offering (ICO) has been the main method of crowdfunding and launching a new cryptocurrency. However, this format has seen some setbacks in recent years.