Application coins, or “appcoins,” are being minted at an astounding rate. Many of these coins have gone through a fundraising process named Initial Coin Offering (ICO), token sale, or token distribution event.</p><p dir=”ltr”>The company behind the 0x project, Zero Ex Intl, recently raised US$24 million in a token sale utilizing a sybil-resistant distribution process by using Linny Vingham’s Civic mobile application. 50% of a total 1 billion tokens were distributed to sale participants, who were limited to 20 ether’s worth of ZRX per account.