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:

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

ICO ⇑

 

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

ICO ⇑

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.

 

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) ICOs1,2,3

Indicator April

2018

May

2018

June

2018

July 1-8,

2018

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

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 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

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 1 665 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 

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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