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
- 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 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 news||Description||Type of impact|
|1.||SEC Names Valerie A. Szczepanik Senior Advisor for Digital Assets and Innovation [source: Sec.gov]||June 4, 2018||Szczepanik 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|
|2.||Japanese IT Giant Fujitsu Launches Blockchain-Based Rewards System for Retail Fujitsu [source: Cointelegraph]||June 6, 2018||The 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|
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
|Total amount of funds collected, USD million||1076||1625||133.2||206.8|
|Number of companies that completed an ICO1||105||111||12||16|
|Maximum collected, USD million (ICO name)||133 (Basis (previously Basecoin))||72 (Flashmoni)||35 (Cardstack)||47.8 (HybridBlock)|
|Average collected funds, USD million||10.2||14.6||11.1||12.9|
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
|Number of ICOs*||Average collected,|
|Total, 2017||6 890.1||514||13.4|
|January 2018||1 666||95||18|
|February 2018||2 702||95||28.4|
|March 2018||7 214||89||81.1|
|April 2018||1 106||113||9.8|
|May 2018||1 625||111||14.6|
|June 1-3, 2018||133.2||12||11.1|
|June 4-10, 2018||206.8||16||12.9|
|Total for 2018***||14 592.1||519||28.1|
* 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
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, $ million||Date|
|1||HybridBlock||Trading & Investing||47.8||June 6, 2018|
|2||MoneyToken||Finance||36.2||June 7, 2018|
|3||Aitheon||Machine Learning & AI||25.4||June 5, 2018|
|4||Atonomi||Infrastructure||25||June 6, 2018|
|5||Bittwatt||Energy & Utilities||20||June 8, 2018|
|6||Cool Cousin||Travel & Tourism||10||June 5, 2018|
|7||Arweave||Data Storage||8.7||June 6, 2018|
|8||BIT.GAME||Gaming & VR||6.7||June 8, 2018|
|9||Multiversum||Infrastructure||6.2||June 10, 2018|
|10||intimate.io||Events & Entertainment||6.2||June 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)
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 ICO||Category*||Collected, $ million||Date||Token performance|
|1||QASH||Trading & Investing||108.2||November 8, 2017||1.37x|
|2||Celsius||Trading & Investing||50||March 23, 2018||n/a|
|3||HybridBlock||Trading & Investing||47.8||June 6, 2018||n/a|
|4||Lendroid||Trading & Investing||47.5||February 20, 2018||0.90x|
|5||Zen Protocol||Trading & Investing||46.4||December 30, 2017||n/a|
|6||MCAP||Trading & Investing||45.2||May 7, 2017||0.01|
|7||Enigma Catalyst||Trading & Investing||45||September 11, 2017||2.50x|
|8||Loopring||Trading & Investing||45||August 16, 2017||n/a|
|9||Crypto20||Trading & Investing||38.2||November 30, 2017||1.22x|
|10||Republic Protocol||Trading & Investing||34||February 3, 2018||1.46x|
* 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
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).
|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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