2018 Has Been Good for ICOs
2018 so far has seen over $18.2 billion being raised by a total of 742 ICOs. Coinschedule.com data reveals that infrastructure, finance and communications are currently (as of August 2018) the leading sectors in terms of amounts raised via ICOs. These sectors have accounted for 27%, 12.2% and 11.4% respectively, of all ICO funds raised so far in the year (as of August 2018).
Top 10 ICOs
June has been the month with the highest windfall in the ICO space, with $5.8 billion being raised. Numbers of ICOs seen, however, were the highest in May (a total of 142 ICOs). The top 10 ICOs, ranked in order of money raised, are:
1. EOS (EOS)
EOS is a blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications (dApps). In essence, the technology has the potential to scale to millions of transactions per second, eliminates user fees and allows for quick and easy deployment of dApps. Developed by Dan Larrimer (of Steem and Bitshares fame), EOS offers asynchronous communication, on-chain governance and parallel processing. EOS is the largest ICO of 2018 (to date) with $4.2 billion raised.
2. Telegram (GRAM)
Telegram, a social community connecting 200 million users, has already raised $1.7 billion in its pre-ICO, against a target of $2 billion. Its GRAM token, currently being sold via the pre-ICO, is the representative cryptocurrency of the TON (Telegram Open Network) Blockchain.
With millions of Telegram users as the backbone and the TON wallet, Telegram intends to make GRAM the world’s most adopted cryptocurrency. It will easily accommodate millions of users and thousands of decentralized applications, to provide direct payment channels to transfer value in milliseconds.
The Petro, or Petromoneda is a cryptocurrency developed by the government of Venezuela. Launched in February 2018, the crypto raised $735 million in its first day of private pre-sale ICO. The Petro is the first cryptocurrency to be launched and backed by a sovereign state. It was launched as a solution to the financial difficulties plaguing the country – the oil-dependent country has been experiencing hyperinflation leading its fiat currency, the Bolivar, to lose much of its value.
4. TaTaTu (TTU)
TATATU is a social entertainment platform that rewards users when they watch and share their favorite movies like comedy, action, sports, TV series. It is the only platform that rewards users for watching premium content and shares advertising revenue in a way that is fair and transparent. TaTaTu also provides strong incentives for content creators and suppliers. Its blockchain technology platform, fully validates the identity of users and certifies 100% of its video views. The TaTaTu ICO raised $575 million, making its the 4th largest ICO of 2018.
5. Dragon (DRG)
Dragon is a decentralized currency and partnership network for casinos and players, bringing crypto to the forefront of the online gambling world. The Dragon Coin (DRG) will act as a frictionless, low-cost & transparent alternative financial mechanism within Casinos, to enhance the age-old gaming industry. The public and private token sales closed, having raised $420 million.
6. Huobi Token (HT)
Huobi, the global digital asset exchange, has launched a blockchain-powered loyalty point system that makes use of the Huobi Token (HT). At the exchange, these tokens would allow its holders to get transaction fee discounts, provide liquidity protection, access to exclusive events, and will be tradable against popular coins. The ICO has raised $300 million.
7. Bankera (BNK)
Bankera’s exchange, to be launched in the second quarter of 2018, will offer a trading solution on the next-generation level for cryptocurrencies and tokens. Simply put, Bankera is building a bank for the blockchain era. To provide utility to its BNK (Bankera tokens), the project has kept trading of all pairs, including BNK, free of transaction costs. So, it will make more financial sense to buy BNK with BTC and then sell BNK for ETH, rather than buying ETH with BTC directly. The ICO raised about $151 million.
Basis is a stable cryptocurrency with an algorithmic central bank. In mid-April, Basis (formerly Basecoin) raised $133 million in a private placement from Bain Capital Ventures, GV, Stanley Druckenmiller, Kevin Warsh, Lightspeed, Foundation Capital, Andreessen Horowitz, Wing VC, NFX, Valor Capital, Zhenfund, INBlockchain, Ceyuan Ventures, Sky9 Capital, and many more. It has been developed as a solution to Bitcoin volatility and to decentralize monetary expansion, whenever required.
Orbs brings consumer-scale to Ethereum assets – today. Its public blockchain acts as the production layer to complement Ethereum. Adopting Orbs alongside Ethereum allows dApps to enjoy the best of both chains: unmatched security, liquidity and ecosystem integration, together with low-fees, production-ready scalability and a suitable fee structure. This makes its an optimal solution for app developers. The Orbs ICO ended on May 15th, 2018 raising $118 million in a private sale.
10. PumaPay (PMA)
PumaPay bridges the gap between crypto holders and merchants by introducing the flexibility and scalability of credit cards on the blockchain. At the core of PumaPay is the PullContract – a unique smart-contract architecture which inverses the existing crypto billing dynamics by allowing the merchant to tailor the solution to their needs and pull funds from the customer’s wallet. By bringing the flexibility of payment cards to the blockchain, PumaPay is the go-to solution for merchants worldwide. The ICO raised over $117 million and the crypto, PMA, is currently available on the HitBTC and CoinBene exchanges.