24 ICOs Raised $2.8B with Almost 0 Trading Volume Now

ICOs didn't raise money in cash though. They raised money in ETH and BTC and unless they cashed out at the peak (most projects didn't), then they didn't end up raising that much in the end.

As a side note, I'm still absolutely fascinated by the concept of an ICO or perhaps a future alternative where capital is raised for actual equity in startups via this method.

It's incredibly useful and has huge potential. I get that there's potential for abuse, but I wish that the government could come up with a common sense, reasonable, middle ground regulatory framework that would allow retail investors to participate, say, up to X% of their yearly income or like a $5-10K yearly cap or something like that.

I guess if Facebook did an ICO in 2003, what would that look like? Let's say Mark creates Facebook and offers participants one token if they create a profile and invite 10 friends. When would we expect this token to be liquid on the exchanges?

We're missing a lot of key information here. Which tokens? What kind of tokens? Are they even designed to be trading (vs a utility token for a product/protocol that hasn't launched yet). Not saying all crypto is legit but we can't let journalists be naive enough to pretend like all tokens have the same economic design, purpose, and timeline.

This articles title and content have virtually nothing to do with eachother? Which 24 ICO's?