Ten years ago, Ethereum today launched ICO financing
2024-07-22 23:38:34
On July 22, 2014, Ethereum officially launched ICO financing. The team raised funds by pre-selling ETH at that time, raising a total of 31,529 bitcoins (the exchange ratio is 1 bitcoin to 2000 Ethereum). According to the market price at that time, the raised funds exceeded 18 million dollars.
Ten years later, the New York Stock Exchange ARCA is approving the listing of five Ethereum spot ETFs, including VanEck, Invesco, Fidelity, 21Shares, and Franklin Templeton.
As Ethereum researcher Justin Drake puts it, "ETH is a blockchain currency. Since EIP-1559, 4.30 million ETH has been burned to pay for gas. Millions more ETH will be used in the blockchain. Through staking, ETH provides economic security for Ethereum at $100 billion, 10 times that of Bitcoin. ETH is also a premium collateral for DeFi and re-staking, unlocking the economy of scale bandwidth for the Internet of Value. ETH is now widely recognized as a digital commodity. The institutional journey is about to begin."