Check out the report created by OK Blockchain Capital covering main trends of blockchain industry over June 30-July 6, 2018, with strong focus placed on the market overview, analysis of the newly listed and closed public sales projects, along with topical news on global governmental policies.

The past week’s daily average global market capitalization of cryptocurrency was $261.95 billion and the daily average transaction volume was $14.47 billion, indicating a decline of 4.91% and 3.02% respectively. The daily average market capitalization of the top five cryptocurrencies decreased by 4.42% from the previous week. Among the top five, EOS has experienced the greatest price increase in the past week with a high of $9.39, a decrease of 21.32%.

Data source:coinmarketcap

Of the top 10 cryptocurrencies that increased, 80% of the tokens were of the vertical industrial application sector. Also, SRCOIN of the cryptocurrency and payment sector experienced the greatest increase in price

Table 1. Tokens with Greatest Price Increases Last Week

RankingProjectTokenFieldBrief descriptionTrading amount(24h)Token priceIncrease/7d
1SRCOINSRCOINMedical insuranceThe basic model of the SRCOIN project is to combine the massage chair subscription business with a decentralized health data platform.$1,665,020.00$0.0057.07%
2DoradoDORConsumerismDorado is a food delivery platform based on MVP commercialization.$1,997,530.00$0.0345.88%
3AI DoctorAIDOCMedical insuranceAI Doctor is a private AI doctor who can provides general help.$5,048,460.00$0.0333.69%
4MARK.SPACEMRKEntertainmentThe world’s first VR/AR platform based on blockchain technology.$3,055,790.00$0.0633.06%
5NaPoleonXNPXAsset managementThe NapoleonX project aims to provide investors a new way to invest by creating a cryptocurrency fund (DAF).$622,455.00$0.2828.42%
6GoChainGOPublic chain and protocolGoChain is a high-speed, low-cost Ethereum expansion network.$4,069,160.00$0.0628.04%
7ODEMODEEducationODEM is an on-demand education platform built on the Ethereum blockchain.$970,245.00$0.3626.31%
8SolarisXLRCryptocurrency and paymentSolaris is a cryptocurrency that uses the POS consensus mechanism.$82,911.00$3.7525.73%
9DelphyDPYGamblingDelphy is the first distributed forecasting market based on blockchain in China.$2,987,620.00$0.8224.52%
10AdHiveADHAdvertisingAdHive is a marketing platform that uses artificial intelligence and blockchain technology to control market traffic.$281,552.00$0.0522.61%

Data source:coinmarketcap;retrieved at 12:00 on July 6th, 2018

1. Analysis of Top 200 Market Cap Projects

The market capitalization of top 200 projects increased by 11.47% compared with that of last week. Based on the main categories of cryptocurrency and payment, public chain and protocol, vertical chain and protocol, and vertical industrial application, the vertical chain and protocol sector increased the most, increasing by 18.34%.

Through further classification of the vertical chain and protocol, it was found that this week’s corporate services and social network verticals were on obvious increases at a rate of 55.62% and 39.24%. Cloud services and entertainment verticals experienced the greatest decreases with a rate of 29.70% and 10.81% respectively.

Data source: OK Blockchain Capital

2. Analysis of Newly Listed Projects

 There were 10 new projects in the market last week (mainly of the content copyright vertical), 90% of which dropped in price within 24 hours of listing. Most of the newly issued tokens were listed on IDEX and HitBTC.

Data source:Coinmarketcap,feixiaohao,OK Blockchain Capital analysis

Table 2 . Newly listed projects

ProjectTokenFieldExchange PlatformInitial Listed Price($)Current Price($)24h Trading Volume($)Launch Date
0chainZCNCloud serviceEthfinex、IDEX0.4967570.514678 272,5967/3
EgretiaEGPublic chain and protocolOKEx、Hotbit、IDEX0.0090940.008900324,0667/3
TaTaTuTTUContent copyrightHitBTC0.5956790.55466398,5587/3
DoradoDORTransportationHitBTC0.0116960.015109 784,3317/3
ZINCZINCHuman resourcesKucoin0.1644510.1953453,155,5207/4
CarBlockCARData servicesBibox0.0386570.028182642,7237/4
Bob’s RepairBOBConsumerismHotbit、IDEX0.0245130.023844447,6927/4
KanadeCoinKNDCCryptocurrency and paymentCoinExchange0.0002640.000260 42,0047/4
CardstackCARDCryptocurrency and paymentIDEX0.0064030.006556 524,7887/4
WowbitWWBContent copyrightBit-Z0.2653960.263429413,6677/4

Data source:Coinmarketcap, Feixiaohao

3. Analysis of Closed Public Sales Projects

There have been 43 closed public sales projects this week, totaling nearly 510 million USD. Among these projects, projects of the asset management field received most funding. This was closely followed by projects of the cryptocurrency and payment field.

Table 3. Closed public sales projects (6.30-7.6)

ProjectTokenFieldPlatformSoft Cap/$10K
PORNXPORNXCryptocurrency and paymentEthereum1500
Robo Advisor CoinRACAsset managementEthereum900
Robo Advisor CoinDUCATData servicesEthereum381
TaTaTuTTUContent copyrightEthereum25000
ProKareXPKXIoTEthereum750
FENIX.CASHFENIXContent copyrightQTUM1000
GlobatalentGBT TokenAsset managementEthereum500
PlayBetsPLTGameEthereum100
BrylliteBRCGameEthereum1000
Caerus ConnectionsCAERHuman resourcesEthereum1500
LatticeLTICryptocurrency and paymentEthereum100
NuggetsNUGConsumerismEthereum150
Wixlar Coin ICOWIXExchange platformEthereum400
PRETHERPTHCryptocurrency and paymentEthereum30
EquadexEDEXAsset managementEthereum500
The Freedom CoinTFCAsset managementEthereum2500
SleekPlaySKPContent copyrightEthereum210
RECORD FoundationRCDContent copyrightEthereum600
CardiumCADMedical insuranceEthereum500
SandblockSAT TokenCorporate servicesEthereum200
DigiDexDGXCryptocurrency and paymentEthereum240
KurecoinKRCCryptocurrency and paymentEthereum200
GlobatalentGBT TokenAsset managementEthereum500
GladAgeGACMedical insuranceEthereum200
Global REITGRETAsset managementEthereum500
DarcMatter CoinDMCAsset managementNEM5000
CMBTCMBTCorporate servicesEthereum370
TradingeneTNGAsset managementWaves400
OptiTokenOPTIAsset managementEthereum22
RankingBallRBGGameEthereum300
VISOVITOCryptocurrency and paymentWaves300
CookUpCHEFConsumerismEthereum2100
Monaco EstateMESTAsset managementEthereum600
BitScreenerBITXAsset managementEthereum300
UtrumOOTAsset managementKomodo100
WhalesburgWBTAsset managementEthereum300
TokpieTKPExchange platformEthereum150
Safe.adSAFECloud servicesEthereum300
WELLWELLMedical insuranceEthereum300
KurecoinKRCCryptocurrency and paymentEthereum200
SandblockSAT TokenCorporate servicesEthereum200
CardiumCADMedical insuranceEthereum500

Main data sources: Icobench, Foundico, smith and crown, icodata, icodrops, coinschedule, icoadvert
Secondary data sources:Project website

4. Important News on Global Governmental Policies this Past Week

5.Keeping Up with the Blockchain Giants

6.Hot Topic of the Week: Binance was attacked by hackers, and the SYS coin increased in price by 3.2 million times

At about 4:18 am on July 4, 2018, some Binance users reported that the SYS transactions displayed abnormal trading behavior. At about 4:30 am, the price of SYS/BTC on Binance was increased to around 1SYS=96BTC, which was the highest price of SYS. The previous price of SYS was about 0.00003BTC. The price was increased 3.2 million times. Binance issued an announcement at 8:00 am on July 4th: announced temporary maintenance, suspension of trading and withdrawal.

On the evening of July 4, Binance issued an announcement stating that the incident was due to some API users. The API is an interface that can perform automated transactions. By controlling the API interface, the hacker manipulated the user’s account trading, thereby manipulating the price. The purpose of the hacker was not to steal the BTC from the Binance platform. Instead, their purpose was to increase the price of a coin, and then sell it at a high price on other trading platforms for profits.

It can be seen that the 24-hour volume of SYS has surged since the early morning of July 4. On trading platforms other than Binance, SYS’s trading volume reached hundreds of million dollars, and hackers were very likely to buy SYS ahead of these trading platforms, waiting for the opportunity to sell at a high price.

  • Binance’s plan for this abnormal trading event is as follows:
    • Binance deleted all API records and users can recreate and keep their API KEYs. Transactions that involved abnormality were rolled back.
    • Transactions that involved active participation from users who experienced great loss will be exempt from handling fees from 2018/07/05 to 2018/07/14.
    • The Binance Investor Protection Fund (SAFU) was established. From 2018/07/14, 10% of the transaction fees will be used as the investor protection fund, and the platform will pay the users first.

The issue Binance experienced has always been one of the most concerned topics for the users of the blockchain space. As the global transaction scale of digital assets continues to expand, the risk of hacker-attacks on cryptocurrency trading platforms are also increasing, and the current security incidents are frequent. The trading platforms must prevent hacker-attack and ensure the security of user assets through a series of risk control measures and security systems. Strengthening transaction security should be the primary task of cryptocurrency trading platforms and should be an important goal for the long-term development of the blockchain industry.

 Appendix

Table Upcoming Crowdfunding Projects(July 7-July 13)

ProjectTokenPublic offering launch datePublic offering close dateFieldToken QuantityPublic offering percentage*Hard cap
LetsbetXBET2018/7/72018/8/8Gambling100M77%10000 ETH
IagonIAG2018/7/72018/9/7Cloud services1B70%
ZodiaqZOD2018/7/82018/8/7Finance300M80%24.54M USD
REPUREPU2018/7/82018/8/8Consumerism250M80%3000 ETH
BotGamingBOT2018/7/92018/8/6Gambling60%5M USD
OBSERVERTED2018/7/92018/7/30Consumerism10B40%4,000 ETH
XBITXBIT2018/7/102018/7/24Corporate services1B30%
Smart City EnterpriseCITY2018/7/102018/9/2Consumerism220M50%48M USD
MYDFSMYDFS2018/7/102018/8/10Entertainment125M40%4M USD
WallChainWALL2018/7/102018/7/30Cryptocurrency and payment15M60%3M USD
iShookSHK2018/7/102018/12/31Content copyright1B57%20000 ETH
PearlPayPRLPAY2018/7/102018/8/30Cryptocurrency and payment500M35%
XRTXRT2018/7/112018/8/30Consumerism500M51%40000 ETH
PlentixREFER2018/7/112018/7/24Consumerism400M70%3M USD
OkeyDokeyOKEY2018/7/112018/7/31Consumerism750M60%
JSEcoinJSE2018/7/112018/10/1Cryptocurrency and payment40B50%
Gnome InvasionGIT2018/7/112018/9/28Game50M78%
EtherAce Speculation PlatformACED2018/7/122018/8/16Gambling125M80%8665 ETH
HELIX OrangeHIX2018/7/122018/7/27ICO platform5B70%
BiteCoin NetworkBiteCoin2018/7/122018/8/30Consumerism7B70%50000 ETH
Block66B662018/7/122018/8/1Lending310M50%3M USD
ALLUXELXC2018/7/122018/8/16Consumerism222M50%27500 ETH
Sports LedgerSPSL2018/7/122018/7/26Entertainment417M60%194,000 ETH
LamonedaLMDA2018/7/132018/8/30Notary certification500M72%10M USD
Tip BlockchainTIP2018/7/132018/8/17Cryptocurrency and payment100M60%46450 ETH
ValPromiseValPromise2018/7/13Asset management5B15%20000 ETH

*The ratio between public offering Token quantity and the total Token quantity of the project.
Main data sources Icobench, Foundico, smith and crown, icodata, icodrops, coinschedule, icoadvert
Supporting data source: websites of the projects