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ICO Market Analysis [March 19-25, 2018]

Originally published on: CoinSpeaker
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March 27, 2018

Information as of March 26, 2018

This report was created by:

This report presents data on the ICO market changes during 2017-2018. Special emphasis has been placed on an analysis of the changes that have taken place in March 2018, including over the last week (March 19-25, 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 March 19-25, 2018

Factors and events

(link to source)

Date of news Description Type of impact
1.                  SFC’s Regulatory Action Halts ICO to Hong Kong Public [source: Sfc.hk] March 19, 2018 The regulatory authorities of Hong Kong are paying more attention to cryptocurrencies and ICOs Unfavorable

ICO ⇓

2.                  Trump Prohibits U.S. Purchases of Venezuelan Cryptocurrency [source: Bloomberg] March 19, 2018 President Trump has prohibited US citizens from participating in the Petro ICO, which has a negative effect on the collection of funds by the ICO and the legitimacy of the token Unfavorable

ICO ⇓

3.                  Gibraltar Wants to Rock to ICO Beat [source: Ft.com] March 20, 2018 Gibraltar has attracted more than 200 ICOs before the launch of its own cryptoexchange. Favorable

ICO ⇑

Table 1.2 shows the development trends on the ICO market since 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

Indicator January

20183

February

2018

March 1-4,

2018

March 5-11,

2018

Mar 12-18,

2018

Mar 19-25,

2018

Total amount of funds collected, USD million 1665 2732 158.3 218.8 588.8 238.7
Number of companies that completed an ICO1 96 100 8 14 19 21
Maximum collected, USD million (ICO name) 100

(Envion)

850

(Pre-ICO-1 TON)

50

(LeadCoin)

48.8

(Savedroid)

300

(Dragon Coin)

50

(Celsius)

Average collected funds, USD million 17.3 27.3 19.8 15.6 31.0 11.4

Note:
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 Not including the Petro Pre-Sale.
3 The data for 2018 have been updated (date updated: March 25, 2018).

The data on the funds collected by the Petro Pre-Sale are not included in Table 1.2, since the information from different sources on total funds collected is fairly contradictory. The project’s website states that the Petro Pre-Sale reached more than 4,777 million yuan, or $735 million. Pursuant to the information from the white paper, if all the Petro tokens are sold at the Pre-Sale and the Initial Offer, the funds collected would equal around $4.3878 billion. The Initial Offer began on March 20.

The data for the previous week (March 12-18, 2018) were adjusted to account for the appearance of more complete information on past ICOs. The amount of funds collected via ICOs during the past week (March 19-25, 2018) equaled $238.7 million. This amount consists of the results of 21 successfully completed ICOs, with the largest amount of funds collected equaling $50 million (Celsius). The average collected funds per ICO project equaled 11.4 million (see Tables 1.2, 1.3).

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 1665 96 17
February 2018*** 2732 100 27.3
March 1-4, 2018 158.3 8 19.8
March 5-11, 2018 218.8 14 16
March 12-18, 2018*** 588.8 19 31
March 19-25, 2018 238.7 21 11
Total 12491.6 772 16.2

* 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 (data updated: March 25, 2018).
*** Including the pre-ICO-1 of TON, not including the Petro Pre-Sale

Table 1.3 shows that the largest amount of funds was collected via ICOs in February 2018. The highest average collected funds per ICO was also seen in February 2018.

Figure 1.1. Trends in funds collected and number of ICOs since the start of 2017

weekly-ico-market-analysis-march-19-25-2018-figure-1-1

    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 (March 19-25, 2018)*

Name of ICO*** Category** Collected, $ million Date
1 Celsius Trading & Investing 50 March 23, 2018
2 Open Platform Infrastructure 30 March 24, 2018
3 PARKGENE Transport 30 March 19, 2018
4 PolySwarm Privacy & Security 25.9 March 22, 2018
5 Vice Industry Token Events & Entertainment 16.2 March 20, 2018
6 IoTeX Infrastructure 14 March 21, 2018
7 Friendz Commerce & Advertising 13.8 March 21, 2018
8 Sapien Network Social Network 11.7 March 21, 2018
9 Care Token Drugs & Healthcare 10 March 23, 2018
10 Viewly Events & Entertainment 8.9 March 22, 2018
  Top 10 ICOs* 210  
  Total funds collected from March 19-25, 2018 (21 ICOs)* 238.7  
  Average funds collected   11.4  

* 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 last week (March 19-25, 2018) may be adjusted as information on the amounts of collected funds by completed ICOs is finalized.

The leader for the week was the Celsius project. This is a financial P2P platform that focuses on relations between digital asset owners and borrowers, which allows the former to earn interest on their assets, and the latter to receive loans.

Figure 1.2 presents the ten largest ICOs completed last week. The FortKnoxster project, which already collected $15 million during its Pre-sale, can also be taken into account.

Figure 1.2. Top 10 ICOs in terms of the amount of funds collected (March 19-25, 2018)

weekly-ico-market-analysis-march-19-25-2018-figure-1-2

     1.3. Top ICOs in their categories

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. 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 2.33x
2 Comsa Trading & Investing 95.4 November 6, 2017 0.65x
3 Celsius Trading & Investing 50 March 23, 2018 n/a
4 Savedroid Trading & Investing 48.8 March 9, 2018 n/a
5 Lendroid Trading & Investing 47.5 February 20, 2018 0.75x
6 MCAP Trading & Investing 45.2 May 7, 2017 n/a
7 Enigma Catalyst Trading & Investing 45 September 11, 2017 3.35x
8 Loopring Trading & Investing 45 August 16, 2017 n/a
9 Spice Venture Capital Trading & Investing 41.3 March 3, 2018 n/a
10 Crypto20 Trading & Investing 38.2 November 30, 2017 1.34x

* 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 March 2018 are highlighted in red.

At present, all projects from the top 10 in this category have a token performance indicator of 0.65x to 3.35x. The Enigma Catalyst project can be considered one of the most successful exchange listings, as this project has a current token price to token sale price ratio of 3.35x. When considering this indicator, it is important to remember that the Enigma Catalyst ICO was completed on September 11, 2017, i.e. the 3.35x growth took place over approximately six months. The market capitalization of Enigma Catalyst currently exceeds $120 million.

Figure 1.3. Top 10 ICOs in terms of the amount of funds collected,Trading & Investing category

weekly-ico-market-analysis-march-19-25-2018-figure-1-3

The ICOs of three projects that can be assigned to the Privacy & Security category and are included in the top 10 of this category were also completed in March.

Table 1.6. Top 10 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 2.49x
2 PolySwarm Privacy & Security 25.9 March 22, 2018 n/a
3 Rivetz Privacy & Security 18.7 September 10, 2017 0.50x
4 Gladius Privacy & Security 14.7 December 31, 2017 0.37x
5 COPYTRACK Privacy & Security 11.1 February 10, 2018 0.14x
6 Devery Privacy & Security 10 January 19, 2018 0.42x
7 Zebi Privacy & Security 8.6 March 5, 2018 n/a
8 IP Exchange Privacy & Security 7.9 March 5, 2018 n/a
9 Aditus Privacy & Security 7.1 December 20, 2017 n/a
10 Zipper Privacy & Security 3.2 January 4, 2018 n/a

* 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 March 2018 are highlighted in red.

Most of the projects in this category have a token performance indicator of less than 1. The leader in the category, the Quantstamp project, has the highest funds collected and the best token performance indicator. Its market capitalization currently exceeds $75 million, and its token performance equals 2.49.

Figure 1.4. Top 10 ICOs in terms of the amount of funds collected,Privacy & Security category

weekly-ico-market-analysis-march-19-25-2018-figure-1-4

Table 1.7. Top 8 ICOs in terms of the amount of funds collected, Transport category

Name of ICO Category* Collected, $ million Date Token performance
1 PARKGENE Transport 30 March 19, 2018 n/a
2 USERVICE Transport 26.89 February 1, 2018 n/a
3 Cartaxi Transport 8.7 November 1, 2017 0.10x
4 Dovu Transport 6.6 October 17, 2017 0.63x
5 Helbiz Transport 5.5 March 4, 2018 n/a
6 Arcade.city Transport 0.6 November 28, 2016 n/a
7 300cubits Pre-sale Transport 0.4 September 20, 2017 n/a
8 Carblox Transport n/a February 10, 2018 n/a

* 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 March 2018 are highlighted in red.

There is not enough information to draw any conclusions on the token performance of the projects in this category. The ICOs of four projects were completed in February and March 2018, and two projects included in the top 8 have a token performance indicator of less than 1.

Figure 1.5. Top 8 ICOs in terms of the amount of funds collected, Transport category

weekly-ico-market-analysis-march-19-25-2018-figure-1-5

Last week (March 19-25, 2018) at least 21 ICO projects were successfully completed, each of which collected more than $100,000, with the total amount of funds collected equaling around $240 million. Last week’s leader was the Celsius project (collected $50 million). The total amount of funds collected by a number of ICOs failed to reach even the $100,000 mark (the information for some projects is still being finalized).

The Glossary is given in the Annex.

Anex – 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 (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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