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 newsDescriptionType of impact
1.                    SEC Names Valerie A. Szczepanik Senior Advisor for Digital Assets and Innovation [source: Sec.gov]June 4, 2018Szczepanik 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, 2018The 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

IndicatorApril

2018

May

2018

June 1-3,

2018

June 4-10,

2018

Total amount of funds collected, USD million10761625133.2206.8
Number of companies that completed an ICO11051111216
Maximum collected, USD million (ICO name)133 (Basis (previously Basecoin))72 (Flashmoni)35 (Cardstack)47.8 (HybridBlock)
Average collected funds, USD million10.214.611.112.9

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

MonthCollected,

$ million

Number of ICOs*Average collected,

$ million

January 20173.770.53
February35.3113.21
March7.341.82
April115.2186.4
May264.22112.58
June649.53319.68
July719.13619.97
August511.24810.65
September914.26813.44
October949.69110.44
November1 1099112.19
December1 611.98618.74
Total, 20176 890.151413.4
January 20181 6669518
February 20182 7029528.4
March 20187 2148981.1
April 20181 1061139.8
May 20181 62511114.6
June 1-3, 2018133.21211.1
June 4-10, 2018206.81612.9
Total for 2018***14 592.151928.1

* 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, $ millionDate
1HybridBlockTrading & Investing47.8June 6, 2018
2MoneyTokenFinance36.2June 7, 2018
3AitheonMachine Learning & AI25.4June 5, 2018
4AtonomiInfrastructure25June 6, 2018
5BittwattEnergy & Utilities20June 8, 2018
6Cool CousinTravel & Tourism10June 5, 2018
7ArweaveData Storage8.7June 6, 2018
8BIT.GAMEGaming & VR6.7June 8, 2018
9MultiversumInfrastructure6.2June 10, 2018
10intimate.ioEvents & Entertainment6.2June 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 ICOCategory*Collected, $ millionDateToken performance
1QASHTrading & Investing108.2November 8, 20171.37x
2CelsiusTrading & Investing50March 23, 2018n/a
3HybridBlockTrading & Investing47.8June 6, 2018n/a
4LendroidTrading & Investing47.5February 20, 20180.90x
5Zen ProtocolTrading & Investing46.4December 30, 2017n/a
6MCAPTrading & Investing45.2May 7, 20170.01
7Enigma CatalystTrading & Investing45September 11, 20172.50x
8LoopringTrading & Investing45August 16, 2017n/a
9Crypto20Trading & Investing38.2November 30, 20171.22x
10Republic ProtocolTrading & Investing34February 3, 20181.46x

* 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 termsDefinition
Initial coin offering, ICOA 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 rewardToken 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 saleAlternative 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 saleSimilar 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 rewardThis 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 rewardThis 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.

Disclaimer: While the information in this document is believed to be accurate, ICOBox makes no representations or warranties, express or implied, with respect to the completeness or accuracy of the information contained herein. The information presented in this document may include certain statements, estimates and projections. Such statements, estimates and projections reflect various assumptions by ICOBox concerning anticipated trends, which assumptions may or may not materialize. No representations are made as to the accuracy of such statements, estimates or projections, and actual performance may be materially different from that set forth in such statements, estimates or projections. Prospective financial results may be affected by fluctuating economic and political conditions and are dependent upon the occurrence of future events that cannot be assured. ICOBox makes no warranty or assurance regarding the achievability of projections or the data, information and assumptions relied upon herein. Opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice. This document is for information purposes only and is not intended as an offer to sell securities, cryptocurrency or tokens, nor does it contain any recommendations or advice on any investments in any particular company or named assets. ICOBox expressly disclaims any and all liability for any representations, expressed or implied, contained in, or omitted from, this material. ICOBox is a provider of SaaS solutions for companies seeking to sell their products via distribution of tokens (ICO). ICOBox does and seeks to do business with companies covered in its research reports and buy any named assets.