Tag Archives: research

Token Sales: Q1 2018

Token Sales: Q1 2018

The state of the token sale market as of 31-March-2018

The figures below were sourced via the Elementus Protocol, an expert system that extracts and interprets transaction data directly from the blockchain (full methodology). In contrast, most token sale statistics available online rely strictly on third-party reported amounts, which may be outdated and in most cases will exclude projects that do not report their fundraising.

As a result, the fundraising stats shown on this page are more accurate and complete than any other estimates we are aware of. And the aggregate totals are substantially larger.


Over $23 billion has been raised to date via token sales

The history of token sales visualized, Jan 2014 – Mar 2018 (interactive version)


In just the first 3 months, 2018 token sale fundraising has already surpassed all of 2017

The first quarter of 2018 saw $14.2 billion raised via token sales vs. $9 billion raised in all of 2017.

Jan16Feb16Mar16Apr16May16Jun16Jul16Aug16Sep16Oct16Nov16Dec16Jan17Feb17Mar17Apr17May17Jun17Jul17Aug17Sep17Oct17Nov17Dec17Jan18Feb18Mar18$0k$1bn$2bn$3bn$4bn$5bn$6bn$7bn$8bnFunds Raised$300k$0k$12m$500k$171m$2m$3m$11m$30m$13m$20m$8m$6m$23m$7m$80m$238m$575m$954m$542m$1,204m$1,348m$1,429m$2,551m$2,558m$4,835m$6,807mToken Sale Fundraising Volume by MonthTotal funds raised, Jan16-Mar18

After a dip in December, the number of monthly token sales reached a new high in March

Jan16Feb16Mar16Apr16May16Jun16Jul16Aug16Sep16Oct16Nov16Dec16Jan17Feb17Mar17Apr17May17Jun17Jul17Aug17Sep17Oct17Nov17Dec17Jan18Feb18Mar18050100150200Token Sale Count102132257488465132129415785109140140109172174Number of Token Sales by MonthCount of token sales, Jan16-Mar18 (min raise $100k)

The biggest token sales are getting bigger

4 of the 5 largest token fundraising efforts of all time took place last quarter (the EOS ICO has been ongoing since June, 2017).

PetroEOSTelegramDragonHuobiHdacFilecoinTezosThe DAOSirin Labs$5bn$2.5bn$1.7bn$320m$300m$258m$257m$236m$168m$158m10 Largest ICOs of All TimeBefore Q4 2017Q4 2017Q1 2018

Security tokens and SAFT agreements are growing in popularity

Apr17May17Jun17Jul17Aug17Sep17Oct17Nov17Dec17Jan18Feb18Mar18010203040SEC Filings1001288623192836Crypto-Security RegistrationsSEC Form D filings for tokens or token convertibles, Apr17-Mar18

Fundraising volume by country and region

Token sales, Jan 2014 – Mar 2018

(Hover for more information)

ArcblockBANKEXBlockstackBloomCelsiusEnigmaFilecoinGridplusMobileGoNebulasNeuromationOlympus LabsPeerbanksSALTShopinTezostZeroEOSKinQuantstamp4NewPolkadotSPiCECardanoEnvionHdacSirin LabsStatusSwissborgCrypteriumINSKickRMCSONMNagaSavedroidLeadCoinBankeraIUNGODom RaiderCyberTrustindaHashSetherApexHuobiLoopringPressOneTRONVeChainElastosFusionKyberLendroidOdysseyTenXZeepinCOMSAQASHDragonGAT CoinICONPundi XThe DAOTelegramCentralityNexoWAXCoinPokerPolymathBancorEndorZen ProtocolPetroUSACanadaUKSwitzerlandEstoniaBulgariaRussiaGermanySpainGibraltarLithuaniaFranceCyprusNetherlandsUkraineSloveniaLuxembourgPolandMaltaGreeceRomaniaChinaSingaporeJapanHong KongIndiaSouth KoreaIndonesiaUnknownStatelessAustraliaNew ZealandBelizeCaymanCosta RicaBVIBarbadosSouth AfricaIsraelUAEArgentinaColombiaVenezuelaEuropeNorth AmericaAsiaCaribbeanSouth AmericaOceaniaMiddle EastAfricaStateless/Unknown

Methodology

Fundraising amounts were sourced via the Elementus Protocol, an expert system that extracts and interprets on-chain transaction data.

Fundraising amounts were converted into USD at the prevailing cryptocurrency exchange rate at the time the sale closed. Contributions to the EOS ICO, which has been ongoing since June, 2017, were converted daily at the ETH-USD exchange rate.

Funds raised through token-convertible securities were sourced from SEC filings and the Petro figures are as reported by Venezuelan president Nicholas Maduro.

Share this post
Country: Venezuela
Total: $5,000,000,000

Top ICO listing resource 2018

ICO is an Initial Coin Offerings. It is a decentralized means by which funds are raised for a new cryptocurrency venture. ICO is a method of raising funds by selling crypto tokens on a project which is empowered by a blockchain. The funds are raised in the form of cryptocurrency such as Bitcoin, Ethereum, Dash, Waves, Ripple and so on.

ICO is a fundraising mechanism in which new projects are sold with their underlying crypto tokens in exchange for cryptocurrencies such as bitcoin and ether. The ICOs are a comparably new phenomenon and have become a prominent topic of discussion in blockchain community. The ICO is utilized by startups for rigorous and regulated capital-raising process which is required by venture capitalists or banks.

As ICO are flourishing in the market it is difficult for ICO owners to list on the leading website. This article recommends top 10 ICO listing company in the market. Before, listing ICO on the website, the users must register their name on the website and proceed with the same. Here is a ballot of top ICO listing companies which is as follows:-

1. ICOClap:– ICOClap is one of the leading ICO listing company. During the process of fundraising, one can list its ICO. The platform provides unique information about all the ICO. The ICOClap has voluminous particulars of the leading ICO’s. The website is giving relevant data of the ICO with reference to their website. The platform equips emblematic information of the ongoing ICO’s; upcoming ICO’s and closed ICO’s.

2. ICO Rating:- ICO Rating is ICO rating firm which aids users to approach a independent analytical research, evaluate ICO projects and then rate the ICO. ICO Rating goals to advance clear assessment standards for projects and assign rating which is based on transparent and standardized scale. It is guiding users to achieve necessary measures of quality, transparency, and accuracy.

3. ICO Alert: — ICO Alert is a trusted ICO disclosure platform for active and upcoming Initial Coin offerings. ICO Alert automatically analyzes individual ICOs and contributors to check the contribution address, and then specifically verifies particular ICO and checks the authenticity.

4. ICO Bench: ICO Bench is one of the dynamic ICO listing platforms; it has various sources to list ICO in the platform. It rates the particular ICO and monitors the ICO for improving its efficiency. The ICO owner can associate themselves with the ICO professionals that do a thorough research on the graphics, technical, legal and marketing support.

5. ICO Drops:- ICODrops is enclosed in 3 columns such as active ICO’s, upcoming ICOs and Ended ICO. This specifies the status of current ICO and explores every project. The rating system is based on the interest level of the investors. The interest level is a rating system that is designed to inform users about the noteworthy token sales.

6. CoinSchedule: — CoinSchedule is making easy for users to search the genuine ICO. The team provides efficient and translucent information on ICO’s. It aids users to find the project which has a great potential for achieving success. CoinSchedule has a feature called ICOrank, it is an algorithm that provides users to measure the operational risk of ICO’s.

7. Crypto Compare: — Crypto Compare is an interactive platform. The users and ICO owners can discuss latest Crypto trends and audit marketing stream in real time. The company is enclosed with 5 pillars to construct the platform with features like data integrity, easy to use, Scope of Data, Social interactivity, and Design.

8. ICOCountDown: — ICOCountDown throws light on new crypto projects which target on crowdfunding methodology. It also oversights vagueness over to verify the activity of ICO projects. The data and times of crowdfunding are mentioned on the dashboard.

9. Token Market:- Token Market is a consolidated platform for research, purchase and trading tokens in the blockchain market. It is a marketplace for listing token, blockchain and digital assets which are based on investing. The user can thoroughly research the site and invest in the tokens or launch a crowdsale for given project. Token Market provides information about the decentralized funding projects

10. CoinGecko:- CoinGecko is a cryptocurrency chart app which grades digital currencies by a developer activity, community, and liquidity. CoinGecko gathers relevant data which is required to quantitatively and qualitatively rank the competence of cryptocurrency. The team is planning to benchmark the coins which are based on the algorithm and determines the value of a coin when compared to its peers.

There are many ICO listing companies growing in the market, but these organizations are considered to known as Top ICO listing companies. They properly research, analyze and then list the ICO on their website. Nowadays, ICO owners, Users find it difficult to check the authenticity of ICO, So this article will help them to invest in accurate ICO.

New study finds over 80% of ICOs to be scams, and most others flops

Most of the scam background noise has already been filtered out by the time an ICO gets anywhere.

One of the recent missions of analyst Sherwin Dowlat has been to categorise ICOs to find out whether most of them are actually any good, and if so how good. The results aren’t promising.

In brief:

  • 81% are outed as scams.
  • 6% fail before launch.
  • 5% go dead before launch.
  • 2.8% of those examined are dwindling on exchanges.
  • 1.9% have been successful.
  • 1.8% are looking promising.

Source


What the categories mean

  • Scam: Expressed availability of an ICO without any intention of following through, or was determined by communities to be a scam.
  • Failed before launch: Did not complete the ICO process, either because it failed to hit the soft caps or otherwise was abandoned before reaching targets.
  • Dead pre-launch: Succeeded in raising funding, but has not had a code contribution on Github in the three months since.

Of those that made it into exchanges, they were categorised according to three success criteria and only included tokens in the $50m to $100m range. Dwindling coins achieved none or only one of the following criteria, promising coins managed two and successful coins managed three.

  1. Beta, at least, deployment of a distributed ledger or product.
  2. Posted a transparent project roadmap on the website.
  3. Had Github code contribution activity in a surrounding three-month period.

There are different ways of studying and categorising ICOs, and this might be one of the more thorough examinations of ICOs from the initial announcement.

Others have found that most projects die within a year of launch, but put the rate of outright scams much lower. The exceptionally high number of scams uncovered by this study is probably because it counts all projects that were announced, rather than the ones that actually raised some funds.

The success rate of ICOs might be slightly lower than other measurements here because it only measures coins with a market cap of $50m to $100m. If there were any exceptionally successful ICOs in this study period they might not have been accounted for. Similarly, neither are the unsuccessful ones.

Other estimates have pointed at about 10% of all funds raised in ICOs going to scams or being stolen. This squares with most other findings which suggest that scams abound, but the vast majority of scams flop much harder and faster than legitimate ICOs.


Disclosure: At the time of writing the author holds ETH, IOTA, ICX, VEN, XLM, BTC, XRB

This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators’ websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

10 keys for evaluating Initial Coin Offering (ICO) investments

An initial coin offering (ICO) is a fundraising method that trades future crypto coins for cryptocurrencies which have an immediate, liquid value. Usually, a percentage of the tokens is sold to ICO participants and a percentage kept for the company’s needs (private investors, etc. Terms differ from one ICO to another). An ICO allows both big and small investors to fund the projects they like. The recent year carried thousands of successful ICO stories. The motivation for the project is obvious. The motivation for the investors of the ICO is that the price of the token would be higher (or much higher) than the token’s price during the ICO.

ICOs are really hot among the crypto investors. Recently, Hdac and Filecoin collected respectively astonishing amounts of $258 and $275 million. The success of an ICO is influenced by many aspects. Investors should bear in mind following key elements discussed in this article.

At this point it is right to mention less successful stories like the Mycelium ICO. Its team members just disappeared after raising the money, and later it was reported they used the funds to pay for their own vacation. The lack of regulation might be one of the reasons it happened. Just days ago, $7 millions were stolen as CoinDash’s ICO started. Right before the start of the token sale, their website was hacked and the ICO wallet address was changed to the hacker’s address.

This article will discuss the main keys to pay focus on when evaluating an ICO investment.

* Important warning before we start: ICOs are a high-risk way of fundraising. Never invest anything you can’t completely afford to lose. Keep in mind that due to a lack of regulation, you will have difficulty getting back your lost money in case of any failures.

1 – Team Composition

Find out everything you can about the team, especially the development team and the advisory board. Look up each team member for relevant experience. Google their names. Visit their LinkedIn profiles. Look for famous  names among the advisory board of the project. Find out if the team has any crypto experience and more importantly – in which projects, or ICOs, they were involved with and the impact they had. 

2 – Bitcointalk.org Thread

A good starting point is the project’s announcement (ANN) thread on BitcoinTalk.org, as Bitcointalk is the biggest forum for Bitcoin and crypto related issues. It is strongly recommended that you read the messages carefully. Investor’s concerns will be answered (or may be unanswered) in this thread. It is a bad sign when the developers avoid answering certain questions or aren’t collaborating. Sending devs a personal message to see how responsive they are is also a good idea.

Each message on Bitcointalk contains the rank and activity degree (number of past messages) of the sender. Be aware of newbies and low-ranking writers. Reputation has become very important and significant.

Be aware of experienced writers comments, and also look for negative messages, sometimes it could be a warning sign. Use Select [All] to see all comments in the thread and use CTRL + F (Windows) to search for red flag words like ‘scam’, ‘con’, ‘MLM’. See the relation between the search results and the total number of replies as can be seen in the following live example:

Source: Kibo announcement thread with 287 replies and 75 hits on the word ‘scam’ (https://bitcointalk.org/index.php?topic=1572491.0;all)
Source: Kibo announcement thread with 287 replies and 75 hits on the word ‘scam’ (https://bitcointalk.org/index.php?topic=1572491.0;all)

3 – Stage of the project and VC investments

Evaluate the stage of the project. Does it only have  a whitepaper? A beta version? Is there a launched product with limited functionality? Prefer projects which have “some lines” of working code, however, many ICOs have proven they can become success stories without any code written.

VCs (venture capital) tend to invest and support projects from early stages. Look for this information usually on the main page of the project’s website. It’s likely to be considerable if a well-known crypto VC is involved, like Blockchain Capital or Fenbushi (belongs to Vitalik Buterin – founder of Ethereum).

4 – Community and Media

It is crucial to have a wide open supporting community like a public Slack for all investors. Openness is as crucial in gaining our trust as the Github code. Try to grasp the atmosphere within the community. Look at the size of the community and its activity.

Source: Slack community QRL - #trading channel

Source: Slack community QRL – #trading channel

Other sources like Reddit, Twitter or Facebook can be relevant when evaluating the project. Be aware of bounty posts. It is a common practice to launch a bounty thread to reward users for spreading positive information about the project to increase media coverage, or to help out with translations. These bounty threads can stimulate the hype around the project but they are not very objective. On the other hand some investors participate only for some tokens.

Source: ABAB Twitter Bounty Rules (https://bitcointalk.org/index.php?topic=2004773.0)
Source: ABAB Twitter Bounty Rules (https://bitcointalk.org/index.php?topic=2004773.0)

5 – What do they need the token for? Is the blockchain necessary?

ICOs mean the creation of a new dedicated token for the project. One of the most important questions each project needs to answer is what is the token for? Why isn’t Bitcoin or Ethereum enough to serve as the project’s token? Yes, many projects just make up a scammy story. Hey, an ICO can’t be an ICO without a dedicated token. The same question needs to be asked regarding the use of the blockchain technology behind the project.

6 – Unlimited / Hard cap

In the early days of crypto ICOs, the difference between open and hard cap didn’t have the same impact as today’s ICOs. An open cap allows investors to send unlimited funding to the project’s ICO wallet. The more coins are circulating, the less unique your tokens become for the trading afterwards – through less demand.

As ICOs become mainstream within crypto land, enormous amounts are collected. Take a look at Bancor, this project raised an astonishing $150 million in just three hours. This resulted in no percentage gain for the investors. Keep that in mind when participating in ICOs with no cap.

On the other hand, you don’t want to be the only one investing in the project. Exchange’s have much less interest in projects that raise very little, which makes it harder to sell these tokens after release.

7 – Token distribution – when and how

Greed can be defined by a high token distribution to the team members, let’s say, more than 50% of the tokens is suspicious. A good project will link its token distribution to the roadmap. Because each phase or milestone of the project requires a certain amount of funding.

Watch for the token distribution stage. Some projects just release their tokens hours after the ICO has ended. Some projects need to develop a beta version before sending out the tokens. If you look at the percentage gain of Etherium (one year between ICO and token distribution, around 500% gain), Augur (1+ years, 1500%) and Decent (8 month, 350%), sometimes this break creates a very positive hype around the project.

ico_evaluate_03
Source: Augur token distribution – Only info available about the usage of fundings. Roadmap is poorly described without link to this chart.

8 – Evaluating the Whitepaper

Most typical investors actually don’t read through the whitepaper, even though it contains all the necessary information about the upcoming project and the ICO.

Don’t hesitate to read it, or at least the majority of it. Note the strong and negative aspects and add in some of your own research. In the end, the whitepaper is the silver platter to potential investors. After reading it you should be able to answer a simple question – what kind of value does this project bring to our world? You’ll also learn what you’re investing in.

9 – Quality of the code – Meet Github

If you have a little bit of programming experience, you should be using it here. The quality of a developer can be understood by analyzing some of their code. As a non-techie, it is still possible to evaluate their quality by looking at the consistency of the code. Another good indicator, is the usage of proper commenting. Avoid messy developers. A piece of code reflects the attitude of a developer.

Next, the length of a function is another indicator. A function containing more than 50 lines of code should raise a red flag. Modularity is important and makes the code more readable and maintainable.

Source: Piece of readable code by editor with proper commenting
Source: Piece of readable code by editor with proper commenting

Crypto projects tend to have open-source code. This creates trust among the project’s community, encouraging devs from the community to make suggestions or improvements. An open-source project provides the opportunity to look at the commit logs. A commit is essentially developer slang for pushing a piece of code to the Github code repository.

Source: Github Code repository of QRL project (https://github.com/theQRL/QRL)
Source: Github Code repository of QRL project (https://github.com/theQRL/QRL)

 You can see each commit by clicking on the text saying “366 commits”. This allows you to investigate each change. The “Insights” tab gives you a more general summary of the developers activity. This tab shows a graph with the amount of commits daily. Beneath the graph, you can see the activity of each developer individually. This information is key for investigating the development team.

Source: QRL Insights (Graph) Github (https://github.com/theQRL/QRL/graphs/contributors)
Source: QRL Insights (Graph) Github (https://github.com/theQRL/QRL/graphs/contributors)

It is even possible to see how popular the project is by looking at the amount of stars it receives.

Source: Github (stars)
Source: Github (stars)

Bonus: Ask yourself why the project chose to run on the specific blockchain. Whether it’s on the Bitcoin’s blockchain, Ethereum’s (smart contract), Waves, and more. Recent months have shown the rising popularity among the ERC-20 Ethereum based smart-contract’s ICOs. These tokens can be stored easily on Ether’s based wallets (like MEW – Myetherwallet), sometimes they don’t require exchanges to be traded, and they usually have high liquidity.

10 – The Bottom Line

ICOs will become more and more ‘mainstream’ as a method for raising funds. There will be plenty of projects to choose from, hence it will become even harder to assess these projects.

It is key to investigate and read as much information as possible and write down all the important aspects, positive and negative, before making an investment decision.

 

Published by   on CryptoPotato

ICO Investing and Research Best Practices – How to Calculate Market Caps & Rates of Returns

Link to the spreadsheet I used

https://docs.google.com/spreadsheets/d/e/2PACX-1vRuYWTnRy9qYUpOjAfsg0pUku2TuHEXdsT9dKLPJ3H5fBhYsgOETOCFhkOJ4ojBTeg7X4I3hCZ8N2_n/pub?output=xlsx

How to choose the best ICO to invest in.
In this episode of crypto riot we talk a look at how to calculate market caps and use that information to evaluate three upcoming ICO’s

https://foreground.io
https://bitcomo.io
https://hoqu.io

How to Calculate a market cap.

ICO Market Research: The Leading Blockchain Platforms Of 2017

An Initial Coin Offering (ICO) is the process or event that Blockchain enterprises adopt to raise funds for their ventures or projects. It bears some similarities with Initial Public Offering (IPO) as pertains with mainstream stock market, the difference here however is that investors actually do not own shares in these blockchain companies. They only get allocated tokens whose values rise or fall based on the performance of these companies. But just like shares on the stock market, tokens can be traded and liquidated on cryptocurrency or digital asset exchanges.

ICO Platform Research 2017

Since almost all ICOs require the processes of token creation and allocation, there comes the need to make use a Blockchain to power the ICO and its tokens. A Blockchain is a decentralized public database of digital transactions which is permanently recorded and can never be altered or erased.

The ICOWatchList.com Team has over the period dedicated time to study and research over 400 ICO projects and the Blockchains on which they have been hosted and have come up with the following findings as a result;

It was discovered that the Ethereum Blockchain has so far been quite popular with the majority of ICO projects. Approximately 56.83% of the 400+ ICOs made use of this Blockchain. One major reason accounting for this is Ethereum’s smart contract feature.

A sizeable chunk of ICO campaigns also made use of their own customized Blockchains. An estimated 29.96% either developed their own Blockchain from scratch or made use of an open source Blockchain platform and tweaked it to fit their project needs.

The Waves Blockchain came in a distant third as only 2.20% of digital projects have made use of it thus far. Waves was specifically designed to assist projects run their own ICOs with comprehensive features such as cost-effective value transfer and an effective decentralized exchange for tokens being a few of its many attributes. The blockchain is also set-up for easy audit and also has a publicly accessible and unalterable ledger of transactions. Project founders are able to create their own customized tokens off the wave tokens they are allocated by virtue of signing-up to place their ICO campaigns on the Blockchain.

1.76% of projects made use of the Bitcoin fork blockchain whiles 1.32% utilized Hyperledger. Hyperledger is an open source blockchain which came into existence as a result of a global cross-industry collaboration. It is hosted by the Linux foundation in collaboration with industry leaders in Banking and Finance, supply chains, Internet of Things, Manufacturing and Technology.

Other blockchain platforms used by ICOs include Bitshares (0.88%) which is a blockchain mainly focused on the real financial sector, Rootstock (0.88%) – the first open source blockchain platform equipped with a 2-way smart contract which is pegged to Bitcoin and also rewards bitcoin miners.

Additionally, less than one percent of ICO projects made use of NEM (A distributed ledger blockchain technology which promotes quick and secure transactions) and whiles some 4% of the projects made use of other lesser known Blockchain platforms.

 

This article was originally published by ICO WatchList.

The beginners guide to investing in ICOs

So today we publishing full pdf copy of book – The beginners guide to investing in ICOs. This is one of the books which any person dealing with crypto currencies should read. You can download this book with direct link to pdf file here – Ebook – The beginners guide to investing in ICOs

This book was created by respected ICO research agency Picolo Research.