Why are Most of the ICOs Based on Ethereum Blockchain?

There are a lot of startups who are now following the process of ICO for crowdfunding at the entry level of their business. According to Bloomberg, the Initial Coin Offerings (ICOs) has raised over $1.3 billion in last 12 months, this all is happening because of the major two reasons: #1 The fundraising mechanism of the Ethereum ICOs is much easier than the traditional model of funding from the Venture Capitalist and Angel Investors. #2 The Ethereum Based Blockchain Technology has opened the new ways to create the new cryptocoins or tokens on Ethereum Blockchain without any hustle.