The initial coin offering (ICO) market has grown rapidly over the past year, specifically since mid-2017. Several successful ICOs, including Bancor, EOS, and Tezos have raised billions of dollars through bitcoin and Ether (the native cryptocurrency of Ethereum). ICO tokens are particularly appealing to users of the Ethereum network because ICO tokens can be stored in Ethereum wallets which are compatible with the ERC 20 token standard. Every crypto-token available in the market has initiated an ICO or a token sale is based on Ethereum’s ERC 20 token standard. This has enabled independent projects to launch cryptocurrencies, that are also…

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