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Initial coin offering (ICO) has surge in popularity in the cryptocurrency world as an effective method for blockchain startups and projects to quickly and easily raise funding by distributing a percentage of the initial coin supply.

According to CoinDesk, US$103 million was raised in 2016 through 64 ICOs. Notable ones that year included Iconomi, which raised US$10 million, Waves at US$15.9 million, and SingularDTV at US$7.5 million.

But the ICO craze has also sparked concern among experts who warn that the lack of transparency around the issuance of cryptocurrencies is a concern for both investors and regulators. The US Securities and Exchange Commission is reportedly taking a hard look at the phenomenon.

The overall value of the cryptocurrency market is estimated at over US$90 billion. Critics have likened the phenomenon to the dotcom bubble in the 1990s.

Another startup that raised funding in 2016 through an ICO is Lykke, a Swiss startup seeking to disrupt the retail trading market using blockchain technology to enable near instant settlement and lower costs.

The company ran an ICO that raised 1.161 million CHF through the selling of over 23 million Lykke Coins (LKK) to some 700 investors. On this time ICO were not yet that popular and it took quite a while until they got the funding.

Lykke Coins are currently trading at around 0.37 USD/LKK for a market capitalization of 60 million USD, a 640% increase compared to the price in April of 0.05 USD/LKK. But globally still not many know Lykke, Probably as they have with Richard Olson a Swiss founder, the Swiss mentality is deliver first, then speak.

Lykke is building a global marketplace where users are able to trade all classes of financial instruments issued in the form of Colored Coins, a technology that allows to associate real world

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