Please, see our report covering data on ICO market movements in 2018, with special emphasis placed on the analysis of market changes over June 2018, specifically June 18-24, 2018.
Information as of June 25, 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 have taken place in June 2018, including over the past week (June 18-24, 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 18-24, 2018
|№||Factors and events|
(link to source)
|Date of news||Description||Type of impact|
|1.||Chain Accelerator Opens Its Doors to Blockchain, Crypto Startups in France [source: Bitcoinmagazine]||June 19, 2018||A Chain Accelerator, a project for integration and development of blockchain, has been launched in France. French financiers believe that the blockchain incubator will help attract startups to France and make Paris the ICO capital of the world.||Favorable|
|2.||Turcoin Scam – Turkish Virtual Currency Company Dupes Thousands [source: Ambcrypto]||June 19, 2018||The creators of the Turkish cryptocurrency Turcoin have left the country together with $212 million. According to the Turkish media, 10,000 backers were duped.||Unfavorable|
|3.||John McAfee Ceases His Public Support for ICOs Due to Pressure from SEC [source: Coinspeaker]||June 20, 2018||The cryptocurrency expert took this decision due to “threats” from the SEC. He believes that all ICO organizers should “look forward to arrest.”||Uncertain|
|4.||A Japanese Village Called Nishiawakura To Launch Japan’s First Municipal ICO [source: Hibusiness]||June 22, 2018||After the offering, the authorities hope to receive additional opportunities to attract upfront investments to the region, thereby ensuring “sustainable economic development.” The population of the village is only 1,500, but it maintains its economic independence.||Favorable|
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||133.2||206.8||257.8||748.1|
|Number of companies that completed an ICO1||104||118||12||16||21||17|
|Maximum collected, USD million (ICO name)||133 (Basis (previously Basecoin))||72 (Flashmoni) & 118 (Orbs)||35 (Card|
|42.3 (GoNetwork)||575 (TaTaTu)|
|Average collected funds, USD million||10.2||14.8||11.1||12.9||12.3||44|
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 – June 25, 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.
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 including Monday (June 18-25, 2018) the amount of funds collected via ICOs equaled $748.1 million. This amount consists of the results of 17 successfully completed ICOs, with the largest amount of funds collected equaling $575 million (TaTaTu ICO). The average collected funds per ICO project equaled $44 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 1-3, 2018||133.2||12||11.1|
|June 4-10, 2018||206.8||16||12.9|
|June 11-17, 2018||257.8||21||12.3|
|June 18-25, 2018||748.1||17||44|
|Total for 2018***||15 650||551||28.4|
* 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: June 25, 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 of last week
Table 1.4 shows the ten largest ICOs of the week (including Monday, June 25, 2018).
Table 1.4. Top 10 ICOs in terms of the amount of funds collected (June 18-25, 2018)*
|№||Name of ICO***||Category**||Collected, $ million||Date|
|1||TaTaTu||Events & Entertainment||575||June 20, 2018|
|2||Coal Industry Coin||Commodities||37.2||June 25, 2018|
|3||Acorn Collective||Finance||26||June 24, 2018|
|4||Multiversum||Infrastructure||20.4||June 24, 2018|
|5||GlitzKoin||Commodities||18||June 25, 2018|
|6||CryptalDash||Trading & Investing||15.3||June 19, 2018|
|7||Metronome||Infrastructure||12.1||June 25, 2018|
|8||Mother Of All Tokens||Trading & Investing||11.7||June 24, 2018|
|9||ICO HeadStart||Trading & Investing||11.5||June 23, 2018|
|10||AIRBLOC Protocol||Commerce & Advertising||10.4||June 19, 2018|
|Top 10 ICOs*||738|
|Total funds collected from June 18-25, 2018 (17 ICOs)*||748.1|
|Average funds collected||44|
* 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 18-25, 2018) may be adjusted as information on the amounts of collected funds by completed ICOs is finalized.
The leader of the week was the TaTaTu project. This ICO collected a surprisingly large amount of funds, and amounts to a video entertainment platform that will provide tokenized prizes for watching targeted marketing content.
Figure 1.2 presents the ten largest ICOs completed during the past week.
Figure 1.2. Top 10 ICOs by the amount of funds collected (June 18-25, 2018)
1.3. Top ICOs in the Events & Entertainment category
The list of top ICOs by category is compiled with due account of the categories of the leading ICOs for the week. The TaTaTu project became the largest project in the Events & Entertainment category by the amount of funds collected via ICO (Table 1.5).
Table 1.5. Top 10 ICOs by the amount of funds collected, Events & Entertainment category
|№||Name of ICO||Category*||Collected, $ million||Date||Token performance|
|1||TaTaTu||Events & Entertainment||575||June 20, 2018||n/a|
|2||TRON||Events & Entertainment||68.7||September 2, 2017||23.36x|
|3||VideoCoin||Events & Entertainment||50||May 16, 2018||n/a|
|4||GIFTO||Events & Entertainment||30||December 14, 2017||3.74x|
|5||Aventus||Events & Entertainment||20.1||September 6, 2017||0.26x|
|6||Vice Industry Token||Events & Entertainment||16.2||March 20, 2018||0.27х|
|7||Viewly||Events & Entertainment||12||March 22, 2018||n/a|
|8||XPlay||Events & Entertainment||10.0||August 30, 2017||n/a|
|9||GUTS Tickets||Events & Entertainment||7.7||December 15, 2017||0.84x|
|10||SingularDTV||Events & Entertainment||7.5||October 29, 2016||2.49x|
* 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.
The leader of this category was the TaTaTu project, which plans to release films on blockchain. The project has a “star-studded” group of backers and sets itself ambitious goals. The developers plan to make the process of distribution of income between content producers and content viewers transparent. The more content a person or organization brings to the platform, the higher their income. TaTaTu is a project that takes the interests of users, advertisers, and content providers into account.
The project platform unites content from films, music, games, sport, and video clips. The unique nature of the idea lies in the fact that they will pay users for listening, watching, and playing on the platform.
At present, all projects from the top 10 in this category have a token performance indicator of 0.26x to 23.36x. One of the most successful exchange listing among those presented is the TRON project, as it has a current token price to token sale price ratio of 23.36x. When considering this indicator, it is important to remember that the TRON ICO was completed on September 2, 2017, i.e. the 23.36x growth took place over less than ten months. TRON’s current market capitalization exceeds $2.75 billion.
Figure 1.3. Top 10 ICOs by the amount of funds collected, Events & Entertainment category
During the analyzed period (June 18-25, 2018) at least 17 ICO projects were successfully completed, each of which collected more than $100,000, with the total amount of funds collected equaling more than $750 million. Last week’s leader was the TaTaTu project, which collected $575 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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