Top ICOs of 2018 So Far: 32% in Top-10 Are Dead Already

in ico •  7 years ago 

From time to time I go to https://stats.digrate.com/tokens/ which is a comprehensive database of token sales, fast and conveniently filtered.

I like to play with the sorting function… They are tracking live and dead, failed and competed, and review website activity.

Above is top-10 of the list. It is impressive that nine of the ten are over $100mn in size. The Top-10 total fundraise is stunning $4.1bn. Another striking number is the dead bodies share, $1.36bn, or 32% of the total.

And its only May! Wait for the full year to take its deathly toll.

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    How is that possible to disapear with no traces of USD 600-660 million? Truly amazing.

    I'm barely aware of 50% in this top-10 list. My view is that it is impossible to collect $200-500mn without letting the market know of it (media, ads... where were they?). Thus, my bet is that in $600mn fundraise there is $3-5-10mn of real money, and the bulk is founders fake funds invested 10 times from different addresses.

    This visualizes why exactly the SEC is taking such an extended hard look at the ICO space specifically.

    I support everything that calls for personal disclosure — founders must have real names, not fake, there shall be more transparency in movement of collected money. I disagree with SEC labeling each and every ICO as security, however... some of them are trully utility (and these days it got hard to prove that).

    How the ICO's making fool of million peoples daily! After million dollar collection by presale, privatesale, public sale as highlighted as softcap and they are giving daily new offers and trying to collect additional money by hardcap. Peoples are putting money into air without proof of return. Amazing money collecting and fraud system that is ico.

    that's real wild west venture... gangsters, mobsters and everything)))

    wow this is a great insight!
    Thanks for sharing it !

    Thanks, David. I'll be writing more of this stuff))

    I wouldn't say Envion is dead but they do seem to be in a mess indeed. On the other hand, given how they assured everybody, through a lot of paperwork, that the investment was safe, and the fact that they did raise quite a bit of money, they can probably bounce back I'd say.

    I didn't follow this story in too much detail but the mess around Envion's CEO vs Founders, sourt action and stealing allegations resemble Tezos too much to hope that there will be any quick resolution. I wish ENV investors all the best. However, it is wrong to say that the project is actually alive — when it lives, it functions, develops something and builds the product. All we can see here is some fight over the cahs pile. Sad...

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