Please see our report presenting data on the ICO market of 2018, with special emphasis placed on the analysis of movements during July 1-8, 2018.
Information as of July 9, 2018
This report was created by:
- Professor Dmitrii Kornilov, Doctor of Economics, Member of the Russian Academy of Natural Sciences, and Leading Analyst at ICOBox;
- Dima Zaitsev, PhD in Economics, Head of International Public Relations and Business Analytics Department Chief at ICOBox;
- Nick Evdokimov, Co-Founder of ICOBox;
- Mike Raitsyn, Vision Director of Snowfox Technology
- Anar Babaev, Co-Founder of ICOBox;
- Daria Generalova, Co-Founder of ICOBox
This report presents data on ICO market changes during 2018. Special emphasis has been placed on an analysis of the changes that took place during the period July 1-8, 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 July 2-8, 2018
|№||Factors and events
(link to source)
|Date of news||Description||Type of impact|
|1.||SEC Data Shows Token Filing Figures Just Keep Rising [source: Coindesk.com]||July 2, 2018||Backers continue to finance cryptocurrency startups by participating in initial coin offerings, despite growing regulatory pressure. For example, ICOs have collected a total of $11.8 billion from January to May.||Favorable
|2.||Three Reasons Why Malta’s ‘Blockchain Bills’ Are So Significant [source: Coininsider.com]||July 5, 2018||“First in the world”: three laws regulating the crypto industry have come into force in Malta. The country’s politicians expect an economic upturn in the new industry.||Favorable
|3.||Thailand SEC Reveals Date for Enacting ICO Licensing Rule [source: Coindesk.com]||July 6, 2018||Only companies registered in Thailand can bring in backers through initial coin offerings. In addition, financing is only allowed in seven cryptocurrencies.
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) ICOs1,2,3
|Total amount of funds collected, USD million||1 064||1 747||1 499||157.1|
|Number of companies that completed an ICO1||104||118||79||18|
|Maximum collected, USD million (ICO name)||133 (Basis (previously Basecoin))||72 (Flashmoni)& 118 (Orbs) &EOS||575 (TaTaTu)||23.9 (Atlantis Blue Digital)|
|Average collected funds, USD million||10.2||14.8||19.0||8.7|
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 when data was updated – July 9, 2018.
3 Not including EOS, which collected $4 billion or 7.12 million ETH over the year from June 26, 2017, to June 1, 2018
Over the previous period (July 1-8, 2018) the amount of funds collected via ICOs equaled $157.1 million. This amount consists of the results of 18 successfully completed ICOs, with the largest amount of funds collected equaling $23.9 million (Atlantis Blue Digital ICO). The average collected funds per ICO project equaled $8.7 million (see Tables 1.2, 1.3). In total, more than 50 ICOs were completed last week.
Table 1.3. Amount of funds collected and number of ICOs
|Number of ICOs*||Average collected,
|Total, 2017||6 890.1||514||13.4|
|January 2018||1 665||94||18|
|February 2018||2 679||90||29.8|
|March 2018||7 149||79||90.5|
|April 2018||1 064||104||10.2|
|May 2018||1 747||118||14.8|
|June 2018||1 499||79||19.0|
|July 1-8, 2018||157.1||18||8.7|
|Total for 2018***||15 961||582||27.4|
* 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.
**** Not including EOS, which collected $4 billion or 7.12 million ETH over the year from June 26, 2017, to June 1, 2018.
***** The data for 2018 have been updated (date updated: July 9, 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
1.2. Top ICOs during the analyzed period
Table 1.4 shows the ten largest ICOs
Table 1.4. Top 10 ICOs in terms of the amount of funds collected (July 1-8, 2018)*
|№||Name of ICO***||Category**||Collected, $ million||Date|
|1||Atlantis Blue Digital||Commodities||23.9||July 1, 2018|
|2||GOToken||Transport||21||July 3, 2018|
|3||VIRUS||Infrastructure||20||July 3, 2018|
|4||Elysian||Data Storage||19||July 8, 2018|
|5||DACC||Content Management||13.50||July 7, 2018|
|6||Cruisebit||Infrastructure||12||July 3, 2018|
|7||0xcert Protocol||Infrastructure||9.45||July 4, 2018|
|8||Midas Protocol||Trading & Investing||9.02||July 1, 2018|
|9||BitScreener||Trading & Investing||6.70||July 2, 2018|
|10||VVToken||Finance||6.1||July 7, 2018|
|Top 10 ICOs*||140.7|
|Total funds collected from July 1-8, 2018 (18 ICOs)*||157.1|
|Average funds collected||8.7|
* 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 (July 1-8, 2018) may be adjusted as information on the amounts of collected funds by completed ICOs is finalized.
The leader of the week (period) was the Atlantis Blue Digital project.
The Atlantis Blue Digital Token is a digital coin based on assets backed by larimar, one of the five rarest precious stones on the planet.
Larimar is a semi-precious stone found on the Barahona peninsula in the Dominican Republic. Nearly identical larimar is mined in Italy, not far from Venice. There is also information that larimar has been found in the Bahamas, as well as in northern Canada and Alaska. The Atlantis Blue project exists in the Stellar network, which has already shown good results and has a strong reputation in the crypto community. The Atlantis Blue tokens will become a new currency, which will significantly improve the entire process of mining and sale of larimar.
Figure 1.2 presents the ten largest ICOs completed during in early July.
Figure 1.2. Top 10 ICOs by the amount of funds collected (July 1-8, 2018)
1.3. Top ICOs in the Commodities category
The list of top ICOs by category is compiled with due account of the categories of the leading ICOs for the week. The Atlantis Blue Digital project collected the third most funds via ICO in the Commodities category (Table 1.5).
Table 1.5. Top 10 ICOs by the amount of funds collected, Commodities category
|№||Name of ICO||Category*||Collected, $ million||Date||Token performance|
|1||Flashmoni||Commodities||72||May 10, 2018||n/a|
|2||Coal Industry Coin||Commodities||37.2||June 25, 2018||n/a|
|3||Atlantis Blue Digital||Commodities||23.9||July 1, 2018||n/a|
|4||Pecunio||Commodities||20.5||April 19, 2018||n/a|
|5||GlitzKoin||Commodities||18||June 25, 2018||n/a|
|6||ZrCoin||Commodities||7||June 9, 2017||1.18x|
|7||Goldmint||Commodities||6.9||November 11, 2017||0.08x|
|8||Hellogold||Commodities||5.2||October 5, 2017||n/a|
|9||Zengold||Commodities||4.6||May 26, 2017||n/a|
|10||SmartGold||commodities||4.3||April 25, 2018||n/a|
* 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 and July 2018 are highlighted in red.
*** Not including the Petro ICO.
The Commodities category includes projects backed by raw commodities.
The leaders of the category were the Petro and Flashmoni projects.
Petro is a Venezuelan project backed by oil. Flashmoni is a company that offers a cryptocurrency backed by gold, innovative payment solutions, and intelligent contract advertising technology.
There is currently not enough data to compare the projects from the Commodities category based on the token performance indicator. For example, two projects from 2017 in the top 10 (ZrCoin and Goldmint) have token performance indicators of 1.18x and 0.08x. ZrCoin is an option for the industrial manufacture of synthetic zirconium dioxide, while Goldmint positions itself as a cryptocurrency backed by gold.
Figure 1.3. Top 10 ICOs by the amount of funds collected, Commodities category
During the analyzed period (July 1-8, 2018) at least 18 ICO projects were successfully completed, each of which collected more than $100,000, with the total amount of funds collected equaling more than $157.1 million. Last week’s leader was the Atlantis Blue Digital project, which collected $23.9 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
|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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