The TokenData Take: New Year, NEO Me?
Tuesday, January 16, 2018Only two weeks into the new year, token sales and ICO fundraising have kept their momentum from the last weeks of 2017. A staggering $570M was raised by 23 token sales in the first two weeks of 2018. We’ve distilled a number of insights and trends from the first two weeks that point at a strong start and things to look out for in 2018:
Capital Raised
Both total and average capital statistics point at strong momentum for ICO fundraising as evident in the following:
- $570M in 2 weeks: Only eclipsed by the fundraising in the last 2 weeks of Dec ’17, when ICOs were rushing to close into the year
- Higher Average Raise: $24M vs $12M in Q4 17
- Higher Median Raise: $20M vs $4.5M in Q4 17
- ICOs that fill up within minutes: At least 3 ICOs (Trinity, Selfkey, The Key) filled up in a matter of minutes – something we haven’t really seen since June/July 2017
The rise of NEO ICOs*
During 2017 there were only a handful of ICOs that launched on top of the NEO blockchain. The two best known examples were QLink ($20M) and Red Pulse ($13M). A few weeks into the new year, we believe that NEO specific ICOs could be the catalyst for increased ICO activity in Q1 2018, because of the following patterns:
- Increasing number of sales >20 NEO specific ICOs have been announced
- Short completion time: The above-mentioned ICOs that filled up within a matter of minutes are all projects building on top of the NEO blockchain.
- Focus on infrastructure: Very similar to the first wave of Ethereum based ICOs, many of the NEO specific projects focus on infrastructure and second layer solutions. Examples are Trinity (off-chain payments/lightning layer, raised $20M this week) and NEX (Decentralized Exchange, token sale date tbd)
- Regulatory conditions: Pent up demand for NEO ICOs could be due to Chinese Cryptocurrency Holders who cannot cash out into fiat due to the exchange-to-fiat ban.
*For those unfamiliar with NEO: NEO (previously known as Antshares and sometimes referred to as the “Ethereum for China”) is a blockchain that is similar to Ethereum in it being Turing complete and its ability to execute smart contracts and issue tokens.
Whitelist & Social Media Activity
Nowadays, almost all token sales employ some form of pre-registration and/or whitelisting (first introduced by Civic and 0x). This is often paired with social media programs (bounties, aggressive paid marketing) or required registration and reposting in social media channels (telegram, slack, etc). In recent weeks we’ve seen exponential growth in whitelist registration and social media channel growth. Some examples:
- WePower: 120k people on whitelist for a $5-$10M public sale
- Gems: >30k applications for whitelist and ~50k people in a telegram channel
- Apex: 12.5k whitelist spots fill up within 15 minutes
Active & Upcoming Sales
60 ICOs are launching this week…. This is the highest weekly number since October 2017. A full overview can be seen below
The first “Corporate” ICO
When a defunct camera company announces a token sale, you know that this is just the beginning of a wave of corporate ICOs. In the meantime, we’ve sent Kodak management a copy of this excellent book.
If you have questions or more examples for any these trends, hit us up, we’d love to hear from you.
Cheers,
The TokenData Team
BONUS: New on TokenData
- New ICO Calendar: The old calendar was made for 50 items, not 400… Our new layout should make it easier to browse through the active and upcoming sales.
Token Sale (ICO) Calendar
Mon (1/15)
- CrowdCoinage – ICO launch platform
- DAI – Artificial Intelligence development project
- Digitex – Cryptocurrency exchange
- FuzeX – Cryptocurrency debit card
- Gilgamesh – Knowledge-sharing social network platform
- Ignite Ratings – ICO and cryptocurrency rating platform
- (NSFW) Live Stars – Adult entertainment platform
- Origintrail – Supply chain platform
- Parkgene – Marketplace for parking spots
- PayPro – Decentralized financial-marketplace
- Pinnacle – Cryptocurrency trading platform
- Pocketinns – Community driven marketplace ecosystem
- Restart Energy – Energy trading platform
- RUCOIN – Loyalty and rewards program platform
- RXEAL – Rental security deposits system
- SCORUM – Sports-optimized blogging platform that rewards active users
- SKRAPS – Invest spare change into crypto
- SocialX – Social media platform with built-in monetization capability
- SOFIN – P2P lending platform
- SyncFab – Improving manufacturing supply chain
- TopiaCoin – Secure distributed file sharing
- TraDove – Platform that connects business partners
- Zerium – New blockchain project
Tues (1/16)
- AidCoin – Cryptocurrency for charitable causes
- Bitto – Cryptocurrency exchange
- Blocklancer – Freelance work marketplace
- Etheera – Real estate selling and rental platform
- Insurepal – Distributed social proof insurance
- JWC Blockchain Ventures – Blockchain focused venture capital fund
- Token Loyalty – Loyalty and rewards platform
- UbiquiCoin – Digital currency to be backed by a financial guarantee
Wed (1/7)
- Birdchain – Platform for people to sell their unused SMS messages to businesses
- Pagarex – Cryptocurrency trading & lending platform
- Vaultbank – Asset backed cryptocurrency and debit card
Thurs (1/18)
- Bluzelle – Decentralized database service for dApps
- Colu Local Network – Decentralized payment system powered by everyday consumption
- Crypto N Kafe – Coffee trading ecosystem
- Devery – Open-source, product verification protocol
- FluzFluz – Global consumer network
- Mobius – dApp Store and payments platform
- Tradebit – Cryptocurrency portfolio management tool
- Vinnd – Blood testing database
- Zeepin – Decentralized Creative Economy
Fri (1/19)
- CoinPoker – Gambling/Betting: Online poker room
Sat (1/20)
- Cryder – Decentralized ride platform
- Hedgeconnect – Lending Platform for Decentralized Hedge Funds
- KEYRPTO – Online store setup system
- Pundi X – Point-of-Sale (POS) solution for cryptocurrencies
Sun (1/21)
- Circle – Cryptocurrency trading and lending platform
- Gelios – Peer-to-peer lending platform
- Novalend – Decentralized lending platform
- Stop The Fakes – Intellectual property platform
- ZenVow – Reward system for breathing, meditation and yoga practice