Since January 2017 a sample of 370 ICOs with a cumulative funding of circa 9 billion USD has been analyzed. The data collection takes place via smart contract monitoring of the token sale contracts as well as via statements by the teams and external data providers. An evaluation was done on the basis of the CryptoGo databank. The proclaimed and realized fundings are analyzed as well as their time frame and the capital yield in USD, Bitcoin and Ether. It should be mentioned additionally that this dataset is not complete and therefore can only be viewed as a subset of the whole. Among the most successful ICOs to-date are Tezos with 230 million USD, Filecoin with 257 million USD, the Huobi Token with 300 million USD, Telegram ICO with 1,7 billion USD and the still running, uncapped EOS Token Sale, which, according to their own statements, have received more than 2,7 billion USDT in a time frame of 300 days(Status 10.04.2018).
The projects have been divided into clusters their fundings categorically summed. To the exclusion of outlier-categories with less than three ICOs the average funding per project is highest in the category “exchange”. On the one hand this is due to the very successful Huobi Token TGE on the other hand it can be attributed to the concept of decentralized exchanges like IDEX or Etherdelta, for example, which work without a central entity and have no access to private keys or user accounts. Here, Tokens and Coins are traded directly via smart contracts. Through the regulatory pressure and the ensuing problems for current cryptoexchanges a promising future can be predicted for this segment. The incentive to participate directly in the fees via the issued (security) tokens furthermore increases the demand. Decentralized exchanges, which often serve as contact points for the trade of many tokens, therefore have a direct influence on the current crypto world. Tokens with a large functional variety can be integrated into the product easilly.
Based on the model of Ethereum, a total of 23 ICOs of the evaluated dataset (status 22.03.2018) have been realized with the goal to develop simpler, more efficient and more scalable blockchain solutions. Driven by the gain in value of more than 122384% compared to the USD with an issue price of 0,311 USD per Ether more and more projects are crowding the infrastructure segment. Investors, too, make comparisons and speculate on new infrastructure projects with technological innovations meant to solve the scalability problem.
categorized average funding sums
Looking at the rates of return of the analyzed ICOs and dividing them into different segments, categories advantageous from the investors perspective can be identified. Analyzed are the percental value gains and losses in USD, Bitcoin and Ether at the deadline compared to the issuing prices. As the value of the matter at the time of investment the exchange rate without bonuses set by the issuer is chosen. Particularly a performance based comparative analysis on the established crypto currencies is interesting. Hence conclusions can be drawn on whether the holding of USD/ETH/BTC or the acquisition of in the TGE has a higher rate of return. With fifty percent of all analyzed categories the token price of the venture at the deadline was below the issuing price. “Banking”-ICOs are among the segments with high negative capital profitability with more than 50% losses but still manage to reach comparatively high funding sums.
ICOs in categories like “Exchange” and “Blockchain” that despite high hardcaps a good return on assets is possible. The statements made in the categories “Blockchain Service”, “Finance”, “Blockchain” and “Trading” are of particular relevance to the interpretation due to their relatively large data basis. Statements made in these categories can be seen as particularly valid.
Which category is especially interesting from the investors perspective?
In conclusion a short evaluation of the ROI in USD of ICOs in March and April 2018 on their deadline. Here only the most mentioned and previously hyped ICOs have been represented and evaluated.
Returns in 100% of ICOs chosen for attention
ICOs possess the potential to influence all illiquid asset classes disruptively. The simple investment process and the high liquidity of the asset class allow investors to quickly and easily withdraw their capital. The freedom of the capital enables more flexible reaction to changing market conditions. This leads to a high volatility of single crypto assets and with high investments to a market liquidity risk. Where until now investments have been made for several years, by now already selling the tokens for a profit after a few months is tried (“Token-Flipping”). Consequently it can be reasonable for investments in ICOs to divide the bases of valuation the weighting of the rating into short term investments with a time frame of less than three months and long term investments with the goal to hold the token for several years. A categorized consideration here helps during the due dilligence control.
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CryptoGo has the aspiration to transparently and independently report on and evaluate new ICOs. In doing so we create the articles to the best of our knowledge and belief. But the reports and evaluations on this site only reflect our own opinion and in no way are meant to issue investment advice. Every investor should extensively investigate the presented ICOs and analyze and asses them to their own standards.