Information as of May 28, 2018
This report was created by:
This report presents data on the ICO market changes during 2018. Special emphasis has been placed on an analysis of the changes that have taken place in May 2018, including over the past week (May 21-27, 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 May 21-27, 2018
|№||Factors and events
(link to source)
|Date of news||Description||Type of impact|
|1.||US and Canadian Securities Regulators Coordinate ICO Probe in ‘Operation Cryptosweep’ [source: Cointelegraph]||May 22, 2018||Working together, the regulators uncovered around 70 scam ICOs. The supposed frauds, it is reported, used fake addresses, eye-catching marketing materials, and guarantees of up to 4 percent daily interest rates without mentioning the potential risks related to cryptocurrencies.||Unfavorable
|2.||Singapore Warns Eight Crypto Exchanges as Scrutiny Increases [source: Bloomberg]||May 24, 2018||The monetary authority of Singapore has announced that state permission is required for holding ICOs and trading in digital tokens.||Unfavorable
|3.||Russia’s Largest Bank to Pilot First Official ICO [source: Cointelegraph]||May 24, 2018||Russian bank Sberbank CIB and the National Settlement Depository (NRD) will pilot the country’s first ICO using the Bank of Russia’s regulatory sandbox.||Favorable
Table 1.2 shows the development trends on the ICO market since February 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||2 702||7 174||1 085||249.8||361.8||552.5||168.4|
|Number of companies that completed an ICO1||95||83||107||16||19||29||15|
|Maximum collected, USD million (ICO name)||850
|133 (Basis (previously Basecoin)||35 (Shivom); 35 (Solve.Care)||72 (Flashmoni)||118
|27.7 (Sentinel Protocol)|
|Average collected funds, USD million||28.4||86.4||10.1||15.6||19||19.1||11.2|
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 Including the TON Pre-ICO-1,2 and the Petro ICO.
3 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.
4 The data for 2018 have been updated (date updated: May 27, 2018).
The data for the previous period (May 14-20, 2018) have been adjusted to account for the appearance of more complete information on past ICOs. Over the past week (May 21-27, 2018) the amount of funds collected via ICOs equaled $168.4 million. This amount consists of the results of 15 successfully completed ICOs, with the largest amount of funds collected equaling $27.7 million (Sentinel Protocol ICO). The average collected funds per ICO project equaled $11.2 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||7 174||83||86.4|
|April 2018||1 085||107||10.1|
|May 1-6, 2018||249.8||16||15.6|
|May 7-13, 2018||363.3||20||18.2|
|May 14-20, 2018||552.5||29||19.1|
|May 21-27, 2018||168.4||15||11.2|
|Total for 2018***||13 961.2||460||30.4|
* 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 TON Pre-ICO-1,2 ($1.7 billion) and the Petro ICO ($5 billion). The data for 2018 have been updated (date updated: May 27, 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 (May 21-27, 2018)*
|№||Name of ICO***||Category**||Collected, $ million||Date|
|1||Sentinel Protocol||Infrastructure||27.7||May 27, 2018|
|2||Egretia||Gaming & VR||23.7||May 26, 2018|
|3||Blue Whale||Commerce & Advertising||22.7||May 24, 2018|
|4||EdenChain||Infrastructure||20||May 25, 2018|
|5||Rate3 Network||Payments||17.5||May 21, 2018|
|6||ORS SA||Machine Learning & AI||14||May 27, 2018|
|7||XYO Network||Supply & Logistics||12||May 21, 2018|
|8||MVL Chain||Data Storage||10||May 24, 2018|
|9||LikeCoin||Art & Music||5.3||May 21, 2018|
|10||DataBroker DAO||Infrastructure||3.8||May 26, 2018|
|Top 10 ICOs*||157|
|Total funds collected from May 21-27, 2018 (15 ICOs)*||168.4|
|Average funds collected||11.2|
* 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 (May 21-27, 2018) may be adjusted as information on the amounts of collected funds by completed ICOs is finalized.
The leader of the week was a timely and necessary project for the cryptocurrency market, the Sentinel Protocol project (UPP tokens). This project is the first cybersecurity platform of its kind, which operates according to the blockchain principle and is aimed at protecting crypto assets from hackers and fraud. The Sentinel Protocol envisages the creation of a global alliance for information exchange on threats with built-in incentives for all suppliers that contribute to the Threat Reputation Database (TRDB). The Sentinel Protocol has three security functions: the threat reputation database (TRDB), an integrated security wallet (S-wallet) powered by machine learning, and an isolated environment for malware analysis.
The sale of UPP tokens at the Presale and Crowdsale was completed in less than five minutes.
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 (May 21-27, 2018)
There is no direct resemblance between the leader of the week, the Sentinel Protocol project, and the other projects, but it can be compared with several similar ICOs in the area of privacy and security (see below)
1.3. Top ICOs in the Privacy & Security category
The list of top ICOs by category is compiled with due account of the categories of the leading ICOs for the week (Tables 1.5).
Table 1.5. Top 7 ICOs in terms of the amount of funds collected, Privacy & Security category
|№||Name of ICO||Category*||Collected, $ million||Date||Token performance|
|1||Quantstamp||Privacy & Security||31.3||November 19, 2017||2.77x|
|2||Sentinel Protocol||Privacy & Security||27.7||May 27, 2018||n/a|
|3||PolySwarm||Privacy & Security||25.93||March 22, 2018||0.39x|
|4||Rivetz||Privacy & Security||18.7||September 10, 2017||0.38x|
|5||Gladius||Privacy & Security||14.7||December 31, 2017||0.39x|
|6||IP Exchange||Privacy & Security||7.9||March 5, 2018||0.60x|
|7||Hacken||Privacy & Security||5||November 20, 2017||2.31x|
* 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 May 2018 are highlighted in red.
The leader of the last week, the Sentinel Protocol project, took second place in the Privacy & Security category in terms of the amount of funds collected. At present, all projects from the top 7 in this category have a token performance indicator of 0.39x to 2.77x. The leader in the category, Quantstamp, is the most successful exchange listing among those presented, as it has a current token price to token sale price ratio of 2.77x. When considering this indicator, it is important to remember that the Quantstamp ICO was completed on November 19, 2017, i.e. the 2.77x growth took place over five months. Its current capitalization exceeds $100 million.
Figure 1.3.Top 7 ICOs in terms of the amount of funds collected, Privacy & Security category
During the analyzed period (May 21-27, 2018) at least 15 ICO projects were successfully completed, each of which collected more than $100,000, with the total amount of funds collected equaling around $170 million. Last week’s leader was the Sentinel Protocol project, which collected $27.7 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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