In 2013, Several projects used the crowdsale model to try and fund their development. Like Ethereum and Ripple did, Ethereum raised over $18 million in early 2014 and Ripple create 1 billion XRP tokens and sell them to investors willing to exchange them for fiat currency or Bitcoin. With blockchain technology, the fundraising process becomes easier.
In 2020, one of the most popular terms in the crypto world was IDO, which stands for Initial DEX Offering. The new fundraising model reflected a tectonic shift in crowdsale trends to offer better liquidity for crypto assets and faster, more open fair trading.