Which Have Been The Most Successful ICOs in 2018?
During 2017, Initial Coin Offerings (ICOs) had a noticeable impact in the crypto market. An important number of them were able to raise millions of dollars and allow companies, enterprises and projects to gather funds. But what about 2018? Is the ICO market expanding or is just stagnant?
ICO Cryptocurrency Stats In 2018
Back in 2017, ICOs raised almost $4 billion dollars between January and December, being the last month of the year the one with most funded projects ($1.09 billion dollars). In 2018, the numbers are completely different. Just in March, ICOs were able to raise almost the same amount than all the ICOs during the last year.
As of today, and according to CoinSchedule, ICOs raised $8.66 billion dollars. And the amount of projects funded was 335, compared to 210 in 2017. The se numbers show an important increase in the number of ICOs that are searching for funds in the market.
Telegram Open Network (TON)
The most important ICOs have been quite mentioned and discussed during 2017 and 2018. Telegram ICO, which was not yet on is public sale, was able to raise $1.7 billion dollars alone! Telegram wanted to launch its Telegram Open Network (TON). The ICO was going to be massive and there were an important amount of investors ready to place their investments on it.
The main intention behind TON is to create a multi-Blockchain and proof-of-stake system that aims to host a new generation of virtual currencies and decentralized applications. As its white paper explains, the main purpose is to create a truly decentralized crypto for massive daily use.
Additionally, the network would be able to handle an important amount of transactions, something that no currency is able to offer now. But… according to reports from The Wall Street Journal on May the 2nd, the company decided to suspend it’s ICO. Apparently, the situation may be related to the fact that it was able to gather an important sum of money and the ICO is not needed, or because Telegram does not want to face regulatory problems with the Securities and Exchange Commision (SEC) or the Commodity Futures Trading Commission (CFTC).
The second most important ICO – if we can call it in this way – was the so called Petro. The Petro cryptocurrency is a national-state-backed virtual currency issued by the Venezuelan dictatorship. It was able to raise $735 million dollars in a private pre-sale.
It is important to mark that this is not a national virtual currency to fight against cryptocurrencies, or adapt the society to the new times. It is just a way to avoid international sanctions that have been imposed by the United States, Europe, and other countries.
Venezuela has a currency which is worth nothing – 1 satoshi is equal to 5 bolívares – and people are not able to save money, neither transact. Inflation has been growing at a rate of thousands per year, the poverty spread and an important amount of citizens decided to leave the country.
With this Petro Coin virtual currency, the government was able to raise funds to repay debts and keep harming its society.
The rest of the ICO tokens with the most raised:
- Dragon ($320 million)
- Huobi Token ($300 million)
- Bankera ($151 million)
- Basis ($133 million)
- Envion ($100 million)
- Elastos ($94 million)
- Flashmoni ($72 million)
- Neuromation ($72 million)
- Mobius (raised $39 million in 2 hours)
- Ontology (highest ROI for all ICOs in 2018 so far)
- DAOstack (GEN Token ICO took less than 2 minutes to sell out)
Here is also a breakdown of the number of initial coin offering projects launched by month:
- January – 56 tokens – total raised – $1,528,463,335
- February – 52 tokens – total raised – $1,371,475,290
- March – 59 tokens – total raised – $3,805,104,980
- April – 111 tokens – total raised – $1,166,964,068
- May – 65 tokens – total raised – $1,058,368,941
It is clear that there is an important interest from investors in ICOs. The truth is that this year the numbers are much higher than the last one. It is also important to mention that during the last year, no government was able to raise funds with an ICO, something that could happen in the future.
The most important categories for ICOs were Communications 25%, Finance 14%, Trading and Investing 10% and Governance 9%.