Information as of April 2, 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;
• Mike Raitsyn, 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 2017-2018. Special emphasis has been placed on an analysis of the changes that took place in the first quarter of 2018, including over the last week (March 26-April 1, 2018).

1. General analysis of the ICO market (by quarter, month, week)

While 2017 was repeatedly called the year of the cryptocurrency, 2018 may well qualify as the year of the ICO. The first quarter of 2018 has been extraordinarily successful from the standpoint of collection of funds. Right now, based on preliminary assessments, it can be said that more than $7.4 billion has already been collected, which is more than during all of 2017, and this despite a threefold fall in the entire cryptocurrency market over the first quarter. The total funds collected in 2017 equaled around $6.9 billion.

The growth in collected funds in 2018 took place despite the introduction of a number of changes and restrictions in this area related to regulation processes and the types of tokens being issued (for example, regulation of the issue of tokens by the US Securities and Exchange Commission (SEC) and restrictions on security tokens).

Despite the ban on initial coin offerings in certain countries (China, South Korea), and the need to perform KYC (Know Your Customer) verification procedures, some ICO projects have established mandatory preregistration, limitations on the minimum and maximum amount of tokens purchased, a digital queue for the right to purchase tokens, etc.

    1.1. Brief overview of ICO market trends

Table 1.1. Brief ICO market overview, key events, news for the first quarter of 2018

Table 1.2 shows the data for 2017 and development trends on the ICO market since the start 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) ICOs^1,2

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 Including the TON Pre-ICO-1&2, and Petro Pre-ICO
³ The data for 2018 have been updated (date updated: April 1, 2018).

The data for the first quarter of 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 26-April 1, 2018) equaled $1,198.4 million. This amount consists of the results of 30 successfully completed ICOs, with the largest amount of funds collected equaling $850 million (TON Pre-ICO-2) (see Table 1.4).

Table 1.3. Amount of funds collected and number of ICOs

* 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: April 1, 2018).
*** Including the TON Pre-ICO-1&2 and the Petro presale

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

    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 26-April 1, 2018)*

* 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 26-April 1, 2018) may be adjusted as information on the amounts of collected funds by completed ICOs is finalized.

The leader for the week was the TON Pre-ICO-2 project. In total the project has already collected $850 million twice. The TON blockchain is a scalable and flexible blockchain architecture that makes it possible to process millions of transactions per second, i.e. a sort of alternative to VISA / Mastercard for the new decentralized economy. It is assumed that the Platform (TON) will include: Data storage, Simple wallets, integration with the Telegram Messenger and much more.

Figure 1.2 presents the ten largest ICOs completed last week.

Figure 1.2. Top 10 ICOs in terms of the amount of funds collected (March 26-April 1, 2018)

1.3 Top ICOs in Q1 2018

Table 1.5. Top 10 ICOs in terms of the amount of funds collected in Q1 2018

* The category was established based on expert opinions.
** When compiling the lists of top ICOs, information from the websites tokendata.io, coinschedule.com and other specialized sources is used. The category of ICO projects corresponds to information from the coinschedule.com website.
*** Data source for the Petro presale – http://www.elpetro.gob.ve

Table 1.5 shows the top 10 largest ICOs in terms of the amount of funds collected, most of which belong to the categories Infrastructure, Finance and Commodities.

Figure 1.3. Top 10 ICOs in terms of the amount of funds collected in Q1 2018

Last week (March 26-April 1, 2018) at least 30 ICO projects were successfully completed, each of which collected more than $100,000, with the total amount of funds collected equaling around $1.15 billion.

During the first quarter of 2018 more than $7.4 billion were collected. The two largest projects of 2018 are the TON ICO and the Petro ICO, which collected record amounts during their presales and, in so doing, opened completely new possibilities for development of blockchain technology and possibilities for ICOs.

Anex – Glossary 

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