In August 2014, Ethereum launched its native token, ether, through an initial coin offering (ICO). Some 50 million ETHs were sold at a price of $0.31 per coin , raising over $16 million for the project.
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Ethereum’s ICO in 2014 is an early, prominent example of an initial coin offering. The Ethereum ICO raised $18 million over a period of 42 days.
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In addition, with the price of ethereum increasing from about $1.00 when Augur concluded its ICO to $316 today, many ether owners have been hesitant to trade it, resulting in low liquidity.28 Tem 2020
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