A few months ago I shared with you a cool visualization of the ICO market. Today I want to share an updated one (up until March) that I came across.
It is great to see how the token sales space evolves over time, and we're just breaking monthly records almost every time ;-)
Source
Video version here
A few things that stand out to me:
- Petro, the biggest token sale with $5 billion. This is an insane amount. All private sale and not sure whether we can believe it is actually true.
- Telegram, $1.7 billion. Also an enormous amount of money, all raised from big institutions and investors through private sales. While I think this is one huge money grab (what do you this amount of money from mr. Telegram?), since hundreds of millions of people are using Telegram, this app can actually accelerate adoption of crypto a lot if done right (let's start with a user friendly built-in wallet).
- EOS, the second biggest token sale with $2.5 billion (end of March). Most people forget that after the initial sale of EOS tokens, this ICO kept on going for a year. EOS sits on a sh@)&#load of money! Smart money grab (what do you need this much for?) if you ask me, with a lot of opportunity to manipulate both price of EOS tokens currently + influence price of competing platform Ethereum.
ICOs are a killer app of blockchain/smart contracts and remain extremely popular. I notice most ICOs nowadays don't have big names originating from the blockchain space as their CEO, COO, CTO whatsoever, like we saw with the projects in 2016-2017. Mostly it is names from the traditional industry who fill the seats.
Next to that, it feels like tokens sales are more and more becoming an 'inner circle' thing, like with investment rounds (seed, series A/B etc.) and IPOs in the 'old world'. The general public is only allowed to join at the end or not even at all. I don't think that is a good thing, especially not when the old financial status quo is becoming a bigger and bigger part of that 'inner circle'.
What are your thoughts on this?
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Disclaimer: I am not a financial advisor, trader or developer. I am just a blockchain & cryptocurrencies enthusiast. Make sure you do your own research, draw your own conclusions and do not invest any money that you cannot afford to lose.
Precisely, this was one of the main reasons platforms like ETH and EOS were created. Both Dan and Vitalik have always been extremely passionate about access to all, not private sale deals that are for rich well connected investors only. Unfortunately, the SEC has driven out a lot of innovation and investments from the US. Nearly every large crypto protocol, now has a foundation set-up in crypto friendly jurisdictions - Switzerland, Singapore, Malta, certain Caribbean islands. The SEC does not protect the common Investors but rather excludes them from opportunity. They also drain the US of new investment wealth and kill innovation.
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Spot on! Personally I believe strongly that everybody is responsible for their own actions, including investments. Therefore I am allergic to common investor protection arguments of the legislators, those are crippling those that have more than enough knowledge to invest. This, while many 'accredited investors' don't have a clue about what they are getting into.
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It really does seem like an inner circle thing which should be made transparent by block chain. Might be a good thing as the bigger investors have to invest early and we can abstain and judge before jumping in.
It is neat to see the ICO process evolve and hopefully be accompanied by better planning, purpose and diligence.
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Definitely cool to see indeed. Luckily we are past the phase where you just need a pdf that describes a marketing plan :-P
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I think this is yet another very good post!
On topic now. To me out looks like the whole crypto world will become the new bankers. It could even be possible that they easily defeat bankers. As well in the number and size of scams. As well in creating totally incomprehensible things.
However I don't have any data to prove or denounce this. So I just keep my fingers crossed that you will cover this in a future post.
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ive used the same principal tool on the hospital to visualize diagnoses for people, divided into geography and so on ;)
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I wish reddit would do a coin or token like Telegram is busy doing. Reddit gold sucks cause you can't use it the way you can use a cryptocurrency. I actually wrote a post about this.
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There hasn't been an ICO, only private token sale to big investment firms so far.
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They are indeed doing something right + the founder is a cool guy. On the other hand, I feel this one is going to be so overhyped that I will pass. Next to that, you'll be paying so much more per token than the big investors. A lot of stuff is usually priced in already.
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Wow these are just the enormous amount of money to talk about.
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Definitely, I don't have it at least :-P You?
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Thank you for this great read! Would you also be interested in reviewing World Wi-Fi project?
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I can do a review for you if you want. Is that project an ICO?
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