Prior to the explosion of the cryptocurrency sphere as a whole in 2017, most new projects launched in the absence of initial coin offerings. While this funding method has become the norm throughout the community, it has done so in the presence of massive controversy in regards to the ethics and legitimacy of the ICO model. While it seems as if every upcoming project involves such a crowdsale, it’s important to recognize that there are legitimate ventures operating sans ICOs. Here are four to check out:
The exchange has 220 employees and 15 shareholders, the report details. It generated 333.42 billion won (~US$ 312 million) in operating revenue in 2017, a significant increase compared to the previous year of 4.32 billion won (~$ 4.1 million). Its net profit was 534.90 billion won (~$ 501 million) in 2017, up sharply from 2.51 billion won (~$ 2.4 million) in the previous year. 
