Information as of October 8, 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;
  • 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 took place last week (October 1-7, 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 past week (October 1-7, 2018)

Factors and events

(link to source)

Date of news Description Type of impact
1.                     Maduro Announces Official Launch of Petro

[source: cryptovest.com]

October 2, 2018 The non-recognition of its own cryptocurrency by the global community did not stop Venezuela: prices and wages in the country have already been tied to the Petro, and now the coin can be used for international settlements. Favorable

ICO ⇑

2.                     Ethereum’s Upcoming Constantinople Hard Fork Gets Postponed
[source: Coinspeaker]
October 4, 2018 On behalf of the entire development team at the Ethereum Foundation, Peter Szilagyi announced that the main reason for the delay is the recently discovered vulnerability in one of the five Constantinople upgrades.

 

Uncertain ICO
3.                     Venezuela’s Petro: Public Sale to Commence on November 5, New Details Brought to the Surface
[source: Coinspeaker]
October 5, 2018 According to Maduro’s speech, Petro is currently available for purchase from official wallets, which can be downloaded in Google Play Store. The public sale will be launched next month, on November 5, 2018.

 

Favorable

ICO ⇑

 

Table 1.2 shows the development trends on the ICO market since the start of May 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 May

2018

June

2018

July

2018

August

2018

September

2018

Oct 1-7,

2018

Total amount of funds collected, USD million 1 723 1 501 897 1 049 487,8 103,6
Number of companies that completed an ICO1 110 80 93 50 54 11
Maximum collected, USD million (ICO name) 72 (Flashmoni)& 118 (Orbs) &

EOS

575 (TaTaTu) 68.3 (Crypto-solartech) 134 (TZERO) 46.6 (Alchemy) 29 (AERGO)
Average collected funds, USD million 15.7 18.8 9.6 21.0 9.0 9.4

Note:
1 This report uses the data of ICOBox, ICOBox Blockchain Research Center (IBRC), tokendata.io, icodrops.com, icodata.io, coinschedule.com, cryptocompare.com, smithandcrown.com, and icobench.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 – October 7, 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 previous period (October 1-7, 2018) the amount of funds collected via ICOs equaled more than $100 million. This amount consists of the results of 11 ICOs that disclosed their data, with the largest amount of funds collected equaling $29 million by the AERGO ICO. The average collected funds per ICO project equaled $9.4 million (see Tables 1.2, 1.3). A total of more than 30 ICOs were completed last week. However, not all projects indicate the amount of funds collected on their official websites (Table 1.5).

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 1 662 92 18
February 2018 2 675 88 30.4
March 2018 7 117 74 96.2
April 2018 1 045 100 10.4
May 2018 1 723 110 15.7
June 2018 1 501 80 18.8
July 2018 897 93 9.6
August 2018 1 049 50 21
September 2018 487.8 54 9
October 1-7, 2018 103.6 11 9.4
Total for 2018*** 18 260 752 24.3

* This report uses the data of ICOBox, ICOBox Blockchain Research Center (IBRC), tokendata.io, icodrops.com, icodata.io, coinschedule.com, cryptocompare.com, smithandcrown.com, and icobench.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: October 7, 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 since the start of the month

Table 1.4. Top 10 ICOs by the amount of funds collected (October 1-7, 2018)*

Name of ICO*** Category** Collected, $ million Date
1 AERGO Infrastructure 29 October 7, 2018
2 Lambda Infrastructure 15.1 October 2, 2018
3 MakerDAO Infrastructure 15 October 1, 2018
4 Zeon Network Finance 11 October 1, 2018
5 SKALE Infrastructure 9.7 October 4, 2018
6 Gamblica Gambling & Betting 7 October 1, 2018
7 Eternal Trusts Infrastructure 6.2 October 1, 2018
8 Productivist Infrastructure 4.3 October 1, 2018
9 WatermelonBlock (Private Sale) Data Analytics 3.5 October 1, 2018
10 Iagon Data Storage 1.4 October 5, 2018
  Top 10 ICOs* 102.3  

* This report uses the data of ICOBox, ICOBox Blockchain Research Center (IBRC), tokendata.io, icodrops.com, icodata.io, coinschedule.com, icobench.com, and other specialized sources.
** 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 (October 1-7, 2018) may be adjusted as information on the amounts of funds collected by completed ICOs is finalized.

Last week’s leader was the South Korean AERGO project, which is an all-encompassing ecosystem created to automate business processes in the corporate sector. AERGO is a blockchain with a 4th generation protocol, fast and scalable, which uses the latest in cutting-edge technology.

The AERGO architecture consists of three elements, which together form the Aergo platform: Aergo Chain (a public blockchain with a dPoS consensus mechanism and a declared throughput capacity of more than one million TPS), Aergo Hub (designed to receive access to computing capacity and for the possible launch of various apps), and Aergo Marketplace (intended for peer-to-peer trading of computing assets).

Figure 1.2 shows the top ten ICOs.

Figure 1.2. Top 10 ICOs by the amount of funds collected (October 1-7, 2018)

1.3. Top ICOs in the Infrastructure category

The list of top ICOs by category is compiled with due account of the categories of the leading ICOs for the week. Despite the fairly large amounts of funds collected, the AERGO, Lambda, and MakerDAO projects were not among the ten largest projects in the Infrastructure category by the amount of funds collected via ICO (Table 1.5).

Table 1.5. Top 10 ICOs by the amount of funds collected, Infrastructure category

Name of ICO Category* Collected, $ million Date Token performance
1 EOS** Infrastructure 4000 June 1, 2018 5.92x
2 TON Pre-ICO-1,2 Infrastructure 1700 March 31, 2018 n/a
3 Hdac Infrastructure 258 December 23, 2017 0.04x
4 Tezos Infrastructure 230.5 July 13, 2017 2.86x
5 Sirin Labs Infrastructure 157.9 December 26, 2017 0.19x
6 Bancor Infrastructure 153 June 12, 2017 0.39x
7 Polkadot Infrastructure 144.4 October 28, 2017 n/a
8 Orbs (ORBIS) Infrastructure 118 May 15, 2018 n/a
9 Status Infrastructure 107.7 June 20, 2017 1.12x
10 Hedera Hashgraph Infrastructure 100 August 1, 2018 n/a

* This report uses the data of ICOBox, ICOBox Blockchain Research Center (IBRC), io, icodrops.com, icodata.io, coinschedule.com, icobench.com, and other specialized sources.
** EOS – the amount of funds collected over the year (from June 26, 2017, to June 1, 2018) was $4 billion, or 7.12 million ETH. When calculating the token performance, the ICO token price was set at 1 EOS = 0.99 USD.
*** The top 10 was compiled without The DAO, which collected $168 million (the project Failed, see the publication ICO Success and Performance. The Pareto Principle [80/20 Rule])

The projects from the top 10 in the Infrastructure category currently have low token performance indicators ranging from 0.04х to 5.92х. The EOS project and exchange listing can clearly be considered the most successful ICO from among the ten presented projects by the amount of funds collected, since based on estimates it collected more than $4 billion, and it has a current token price to token sale price of 5.92х. When analyzing this indicator, both the lengthy duration of the ICO (from June 26, 2017, to June 1, 2018) and the fact that the token price was constantly changing during the ICO should be kept in mind. 200,000,000 EOS tokens were sold during the first five days of the ICO, with another 2,000,000 coins subsequently being sold every 23 hours. The EOS token performance indicator given in Table 1.6 was determined based on a token sale price during the ICO of 1 EOS = 0.99 USD, and a current token price of 1 EOS = 5.86 USD. The current market capitalization of EOS exceeds $5.3 billion.

Figure 1.3. Top 10 ICOs by the amount of funds collected, Infrastructure category

During the analyzed period (October 1-7, 2018) more than 30 ICO projects were completed, and at least 11 projects have clearly indicated the amount of funds collected on their websites and this amount exceeds $100,000. The total amount of funds collected exceeded $100 million. Last week’s leader was the AERGO project, which collected $29 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)

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.

Disclaimer: While the information in this document is believed to be accurate, ICOBox makes no representations or warranties, express or implied, with respect to the completeness or accuracy of the information contained herein. The information presented in this document may include certain statements, estimates and projections. Such statements, estimates and projections reflect various assumptions by ICOBox concerning anticipated trends, which assumptions may or may not materialize. No representations are made as to the accuracy of such statements, estimates or projections, and actual performance may be materially different from that set forth in such statements, estimates or projections.
Prospective financial results may be affected by fluctuating economic and political conditions and are dependent upon the occurrence of future events that cannot be assured. ICOBox makes no warranty or assurance regarding the achievability of projections or the data, information and assumptions relied upon herein. Opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice. This document is for information purposes only and is not intended as an offer to sell securities, cryptocurrency or tokens, nor does it contain any recommendations or advice on any investments in any particular company or named assets.
ICOBox expressly disclaims any and all liability for any representations, expressed or implied, contained in, or omitted from, this material. ICOBox is a provider of SaaS solutions for companies seeking to sell their products via distribution of tokens (ICO). ICOBox does and seeks to do business with companies covered in its research reports and buy any named assets.



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