Here is the short (yet very informative and rich in information) review on what happened with the market at 25 May - 1 June 2017. It is impossible to cover all token sales, so we are trying to focus on the main events - not only to bring them to your attention but also offering our point of view to them.
Yours,
Tokenguide Team
SUCCESSFUL TOKEN SALES OF LAST WEEK:
- Brave, the web-browser founded by Mozilla co-founder (left Mozilla "in controversial circumstances"), completed a 35 million ICO in 30 seconds. Based on what we have seen this year, speed and dynamics had been achieved with trade-offs and pre-sales. It brings the next question for all current token sales: if 99% of the deals are being done before the book officially opens - doesn't the industry need a substantial change in how token sales are handled?
FYI: Positive insights on BAT and Negative insights on BAT.
Tokenguide Team thoughts: keeping in mind that Brave has already raised 7 million from private investors, and now aimed for 35 more - we decided not to take part in BAT token sale (also because Browser Wars are not the area where the ICO-funded product will suffice).
- Mysterium, decentralized VPN platform, held an ICO on May, 30 and collected more than $14 million in 45 minutes. Technically, this is not an Initial Coin Offering as previously Mysterium has raised Seed Round in December 2016 via a pre-sale through BitcoinSuisse AG. Mysterium team was very transparent for the audience: they have built the MVP in a few months and came back to be funded for future development. The token sale was oversubscribed even before it was open (recognize the pattern?).
PRO: Mysterium already has a working product (that's the strongest PRO point), and it's free at this moments as no payment system has been put into it.
CON: Still, the future roadmap is quite unclear.
FYI - Review by Smith and Crown, smart and straightforward as always.
Tokenguide team: we wanted to participate, but - it was gone in a blink of an eye! So, we'll be waiting for tokens to be release to exchanges.
TOKEN SALES LAUNCHED THIS WEEK
- Patientory- at this moment collected ⅔ of the cap. Probably the first blockchain project for healthcare - and, therefore, overhyped. TG Team decided to pass on that.
- Aeternity - the ambitions and goals are not comparable to just one (!) developer working on the product. And Ledger Nano giveaway does not work as a marketing solution (not for crypto-industry!). TG Team decided to pass on that one.
- Polybius - first of all, this is security, not properly structured, so it is not available to US citizens. On that moment nothing more to say. We'll pass on that, too. Huge bonuses (25% in this case) also serve as a red flag.
OPEN PRE-SALES:
- CIVIC (CVC) - launches at 21st of June. Direct pre-sale by request. No discounts.
- BANCOR (BGT) - to be launched in June, pre-sale managed by Bitcoin Suisse AG.
- TEZOS - to be launched in June, pre-sale managed by Bitcoin Suisse AG.
- 21 MILLION - pre-sales with up to 40% discount.
WHAT IMPACTS CRYPTOCURRENCY PRICE?
- Consensus and Tokensummit are over and news cycle in mainstream media dried out. It results in a rather healthy price correction but since then the price rebounce to the highs of last few weeks. We see a lot of institutional interest in crypto and a general spike of interest in ICO from start-ups, VCs, and the general public. Crowdfunding tens of millions in minutes or even seconds attracts a lot of attention.
- ETH is getting listed on several major Chinese exchanges and withdrawals were enabled again. All of that is great news for crypto.
- Also, there are rumors of incoming regulation of bitcoin from PBOC in June
TO READ
- SEC defines GAW Miners as a Ponzi and fines them for $12 Million - attention, cloud mining has always been a very controversial field.
- Chris DeRose thinks that ICO's are killing innovation.
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