Please, see our report presenting data on ICO market movements in 2018, with strong focus given to the analysis of market changes over June 2018, June 4-10, 2018 in particular.

Information as of June 11, 2018

This report presents data on ICO market changes during 2018. Special emphasis has been placed on an analysis of the changes that have taken place in June 2018, including over the past week (June 4-10, 2018).

1. General analysis of the ICO market (by week, month)

1.1. Brief overview of ICO market trends

Table 1.1. Brief ICO market overview, key events, news for the week of June 4-10, 2018

Factors and events

(link to source)

Date of news Description Type of impact
1.                     SEC Names Valerie A. Szczepanik Senior Advisor for Digital Assets and Innovation [source: Sec.gov] June 4, 2018 Szczepanik has been working in the organization since 1997. She has previously expressed the opinion that many ICOs issuing new cryptocurrencies are actually hidden offers of securities, and this could pose a threat for investors. Unfavorable

ICO ⇓

 

2. Japanese IT Giant Fujitsu Launches Blockchain-Based Rewards System for Retail Fujitsu [source: Cointelegraph] June 6, 2018 The Japanese IT giant hopes that implementation of the technology can “revive” the regional economy, lessen the burden on data centers, and simplify data analysis. The company has already put it through operational testing in railway and telecommunications companies. Favorable

ICO ⇑

 

Table 1.2 shows the development trends on the ICO market since the start of the second quarter of 2018. Only popular and/or successfully completed ICOs (i.e. ICOs which managed to collect the minimum declared amount of funds) and/or ICOs listed on exchanges were considered.

Table 1.2. Aggregated trends and performance indicators of past (completed) ICOs1,2

Indicator April

2018

May

2018

June 1-3,

2018

June 4-10,

2018

Total amount of funds collected, USD million 1076 1625 133.2 206.8
Number of companies that completed an ICO1 105 111 12 16
Maximum collected, USD million (ICO name) 133 (Basis (previously Basecoin)) 72 (Flashmoni) 35 (Cardstack) 47.8 (HybridBlock)
Average collected funds, USD million 10.2 14.6 11.1 12.9

Note:
1 Data source: tokendata.io, icodrops.com, icodata.io, coinschedule.com, cryptocompare.com, smithandcrown.com. For some ICOs information may currently be incomplete (for instance, the amount of funds collected). ICOs that collected less than $100,000 were not considered.
2 Date of updating of data: June 10, 2018).

The data for the previous period have been adjusted to account for the appearance of more complete information on past ICOs. Over the past week (June 3-10, 2018) the amount of funds collected via ICOs equaled $206.8 million. This amount consists of the results of 16 successfully completed ICOs, with the largest amount of funds collected equaling $47.8 million (HybridBlock ICO). The average collected funds per ICO project equaled $12.9 million (see Tables 1.2, 1.3).

Table 1.3. Amount of funds collected and number of ICOs

Month Collected,

$ million

Number of ICOs* Average collected,

$ million

January 2017 3.7 7 0.53
February 35.3 11 3.21
March 7.3 4 1.82
April 115.2 18 6.4
May 264.2 21 12.58
June 649.5 33 19.68
July 719.1 36 19.97
August 511.2 48 10.65
September 914.2 68 13.44
October 949.6 91 10.44
November 1 109 91 12.19
December 1 611.9 86 18.74
Total, 2017 6 890.1 514 13.4
January 2018 1 666 95 18
February 2018 2 702 95 28.4
March 2018 7 214 89 81.1
April 2018 1 106 113 9.8
May 2018 1 625 111 14.6
June 1-3, 2018 133.2 12 11.1
June 4-10, 2018 206.8 16 12.9
Total for 2018*** 14 592.1 519 28.1

* Data source: tokendata.io, icodrops.com, icodata.io, coinschedule.com, cryptocompare.com, smithandcrown.com.
Information on funds collected is not available for all ICOs (information for last week is tentative and may be adjusted). ICOs that collected less than $100,000 were not considered.
** More than 1,000 ICOs were performed in 2017. However, the data for the 514 largest and most popular ICOs, the data of which can be processed, were considered when calculating the total amount of funds collected during 2017.
*** Including the TON Pre-ICO-1,2 ($1.7 billion) and the Petro ICO ($5 billion). According to the data from the official website of the Petro ICO, Petro sales equaled more than $5 billion, which is equivalent to more than $4 billion euros or $31 billion yuan (http://www.elpetro.gob.ve/#about). However, the data on the amount collected by El Petro from some other sources differ. For example, according to criptomoedasfacil.com, the amount of funds collected cannot exceed $2.3 billion taking into account discounts, the project White Paper indicates $4.387 billion, and other sources mention the $3 billion stated, among others, by the President of Venezuela Nicolas Maduro.
**** The data for 2018 have been updated (date updated: June 10, 2018).

Table 1.3 shows that the largest amount of funds was collected via ICOs in March 2018, mainly due to the appearance of major ICOs. The highest average collected funds per ICO was also seen in March 2018.

Figure 1.1. Trends in funds collected and number of ICOs since the start of 2017

weekly-ico-market-analysis-june-4-10-2018-figure-1-1

1.2. Top ICOs of last week

Table 1.4 shows the ten largest ICOs of the week.

Table 1.4. Top 10 ICOs in terms of the amount of funds collected (June 4-10, 2018)*

Name of ICO*** Category** Collected, $ million Date
1 HybridBlock Trading & Investing 47.8 June 6, 2018
2 MoneyToken Finance 36.2 June 7, 2018
3 Aitheon Machine Learning & AI 25.4 June 5, 2018
4 Atonomi Infrastructure 25 June 6, 2018
5 Bittwatt Energy & Utilities 20 June 8, 2018
6 Cool Cousin Travel & Tourism 10 June 5, 2018
7 Arweave Data Storage 8.7 June 6, 2018
8 BIT.GAME Gaming & VR 6.7 June 8, 2018
9 Multiversum Infrastructure 6.2 June 10, 2018
10 intimate.io Events & Entertainment 6.2 June 7, 2018
  Top 10 ICOs* 192  
  Total funds collected from June 4-10, 2018 (16 ICOs)* 206.8  
  Average funds collected   12.9  

* When compiling the lists of top ICOs, information from the websites tokendata.io, icodrops.com, icodata.io, coinschedule.com and other specialized sources is used.
** The category was established based on expert opinions.
*** Only popular and/or successfully completed ICOs (i.e. ICOs which managed to collect the minimum declared amount of funds) and/or ICOs listed on exchanges were considered. Information may be incomplete for some ICOs (for instance, the amount of funds collected). ICOs that collected less than $100,000 were not considered.

The data for the previous period (June 4-10, 2018) may be adjusted as information on the amounts of collected funds by completed ICOs is finalized.

The leader of the week was the HybridBlock project, which aims to create a universal crypto trading platform for users of all experience levels. HybridBlock has already issued a beta mobile application called HybridCentral with news, chats, and educational video lessons.

HybridBlock is a cryptocurrency trading ecosystem made up of several products:

HybridCentral is an educational platform.

HybridBaseTrade is a cryptocurrency platform containing a wallet (HybridWallet) and an exchange for purchase and sale.

HybridExchange is a web trading platform. It ensures access to several major exchanges in one place.

HybridTerminal is a downloadable cryptocurrency trading terminal that connects to HybridBlock and the API interfaces of its partners.

HybridFX makes it possible to create a stablecoin – the HFX token, which will be supported by the local fiat currency (similar to Tether).

Figure 1.2 presents the ten largest ICOs completed during the past week.

 Figure 1.2. Top 10 ICOs in terms of the amount of funds collected (June 4-10, 2018)

weekly-ico-market-analysis-june-4-10-2018-figure-1-2

1.3. Top ICOs in the Trading & Investing category

The list of top ICOs by category is compiled with due account of the categories of the leading ICOs for the week (Table 1.5).

Table 1.5. Top 10 ICOs in terms of the amount of funds collected, Trading & Investing category

Name of ICO Category* Collected, $ million Date Token performance
1 QASH Trading & Investing 108.2 November 8, 2017 1.37x
2 Celsius Trading & Investing 50 March 23, 2018 n/a
3 HybridBlock Trading & Investing 47.8 June 6, 2018 n/a
4 Lendroid Trading & Investing 47.5 February 20, 2018 0.90x
5 Zen Protocol Trading & Investing 46.4 December 30, 2017 n/a
6 MCAP Trading & Investing 45.2 May 7, 2017 0.01
7 Enigma Catalyst Trading & Investing 45 September 11, 2017 2.50x
8 Loopring Trading & Investing 45 August 16, 2017 n/a
9 Crypto20 Trading & Investing 38.2 November 30, 2017 1.22x
10 Republic Protocol Trading & Investing 34 February 3, 2018 1.46x

* When compiling the lists of top ICOs, information from the websites tokendata.io, com, icodata.io, coinschedule.com and other specialized sources is used. The ICO project categories correspond to the information from the website coinschedule.com. If there is no information on the website concerning the project category at the time of compilation of this analytical report, the category is determined by experts.
** The top projects in this category completed in June 2018 are highlighted in red.

Lasy week’s leader, the HybridBlock project, came in third place in the Trading & Investing category in terms of the amount of funds collected. At present, all projects from the top 10 in this category have a token performance indicator of 0.01x to 2.5x. The most successful exchange listing among those presented is the Enigma Catalyst project, as it has a current token price to token sale price ratio of 2.5x. When considering this indicator, it is important to remember that the Enigma Catalyst ICO was completed on September 11, 2017, i.e. the 2.5x growth took place over nine months. Its current capitalization exceeds $111 million.

Figure 1.3. Top 10 ICOs in terms of the amount of funds collected, Trading & Investing category

weekly-ico-market-analysis-june-4-10-2018-figure-1-3

During the analyzed period (June 4-10, 2018) at least 16 ICO projects were successfully completed, each of which collected more than $100,000, with the total amount of funds collected equaling more than $200 million. Last week’s leader was the HybridBlock project, which collected $47.8 million. The total amount of funds collected by a number of ICOs failed to reach even $100,000 (the information for some projects is still being finalized).

 Annex -Glossary

Key terms Definition
Initial coin offering, ICO A form of collective support of innovative technological projects, a type of presale and attracting of new backers through initial coin offerings (token sales) to future holders in the form of blockchain-based cryptocurrencies and digital assets.
Token sale price

Current token price

Token sale price during the ICO.

Current token price.

Token reward Token performance (current token price ÷ token sale price during the ICO), i.e. the reward per $1 spent on buying tokens.
Token return (see token reward) Performance of funds spent on buying tokens or the ratio of the current token price to the token sale price, i.e. performance of $1 spent on buying tokens during the token sale, if listed on an exchange for USD.
ETH reward – current dollar value of $1 spent on buying tokens during the token sale Alternative performance indicator of funds spent on buying tokens during the ICO or the ratio of the current ETH price to its price at the start of the token sale, i.e. if instead of buying tokens $1 was spent on buying ETH at its rate at the start of the token sale and then it was sold at the current ETH price.
BTC reward– current dollar value of $1 spent on buying tokens during the token sale Similar to the above: Alternative performance indicator of funds spent on buying tokens during the token sale, i.e. if instead of buying tokens $1 was spent on buying BTC at its price at the start of the token sale and then it was sold at the current BTC price.
Token/ETH reward This ratio describes a market participant’s economic benefits and disadvantages resulting from buying tokens during the token sale relative to buying ETH. If the result is over 1, the market participant spent his funds more efficiently on buying tokens than if he were to have spent his funds on ETH.
Token/BTC reward This ratio describes the market participant’s economic benefits and disadvantages resulting from buying tokens during the token sale relative to buying BTC. If the result is over 1, the market participant spent his funds more efficiently on buying tokens than if he were to have spent his funds on BTC.

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