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The ICO Winter Has Arrived: Analysis & Data

Initial coin offerings (ICOs) shot past USD 7 billion in total funds raised, this week, but the ICO market crossed that threshold with a cold rush of air.

Just eight ICOs closed in the past week, according to data from Token Report. Nothing to gnash teeth over, but consider this: Last week’s activity is less than a third of the average number of ICOs transacted weekly in the past month. ICO data show January is heading toward about half the number of monthly closed ICOs seen in Q4. And the pipeline for new ICOs opened in Q1 looks thin and hungry.

This is what the ICO winter looks like.


ICO activity and dollars raised by month

ICOs in January are on pace for a down month in terms of funds raised, too. Without Ethereum’s 33 percent month-over-month rise against the dollar (Dec. 19 to Jan. 19, per Coinbase), it might be much worse.

Our ICO analysis at Token Report shows deal sizes changing, too. The pattern in January so far is fewer blockbuster fundraises among the top ICOs, and far fewer tiny deals eking out a million or two (barely enough to cover attorneys’ fees).

As a result, the median ICO raise has grown larger, according to Token Report’s analysis of ICO data so far in the first quarter. The change began in December, when ICOs raised a whopping 1.52 billion USD, with a median fundraise of USD 11 million, nearly twice what ICOs at the median had been raising in November and October. In January, the median fundraise to date is at USD 14.5 million.

Winter isn’t that bad, if you know how to ski.

Here are the top ICOs of the month so far, including the past week.

Project Ticker Description Amount Raised (USD M)
Envion EVN Moveable mining units that can plug into any electricity source 100.0
Neuromation NTK Database generating virtual data for AI companies 71.7
Crypterium CRPT Cryptocurrency banking and platform 51.7
SwissBorg CHSB Swiss private banking powered by smart contracts 51.3
Bloom BLT Credit scoring protocol 40.0
Trade.io TIO Trading platform 31.169
Okoin OKOIN VR platform for adult content distribution 24.0
OriginTrail TRAC Blockchain infrastructure for supply chains 22.5
SelfKey KEY Digital identity system 21.8
Car Vertical CV Car registry database 18.4


(There have been six that announced they are closed, without announcing an amount raised, so far in January.)

 Source: http://www.the-blockchain.com/

Last modified onSunday, 21 January 2018 20:23

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