Here's the Tokenguide review of everything that happened with the ICO market between 1st and 7th of July 2017. Except the Tezos crowdsale it's been relatively quiet (comparing to previous weeks).
If you have any comments, suggestions or tips for our reviews — feel free to reach out at tokenguide@gmail.com.
Join us at Telegram channel - https://t.me/tokenguide_official
Yours, Tokenguide Team
--
LAST WEEK'S SUCCESSFUL TOKEN SALES:
- Santiment, a data feed platform for cryptomarkets, closed the ICO with $12 million raise. The sale launch was postponed, but everything went well. It was the first project to partner with Cofound.it. At the moment of launching the ICO, Santiment had a working mobile app. All the funds were collected in ETH. Crowd Emotions and social signals are still drive this market (and will be for a significant amount of time), so this is the project that users crave for. Especially when you use Bloomberg tools as your "spiritual animals".
- AdEx, a decentralized Ad Network, closed the ICO with $9 million raise in 8 hours. The project has a strong advisory team, but lacks a testnet application. Probably being in a BAT halo success helped a lot.
- BlockPool, a pool of blockchain based solutions for various infastructures, has collected $1,7 million in 2 months of crowdsale, also with no MVP presented.
- Hong Kong-based company OpenANX, Decentralized Exchanges raised $18,7 millions during their token sale that lasted for 11 days, with 70% collected on the first day.
- Tezos definitely goes under "Successful" definition, but as the crowdsale is not closed yet, we count it as an opportunity that is still available.
RECENTLY LAUNCHED AND ONGOING
- BlockTix, an ethereum event hosting platform, opens at 7th of July with a hard cap set up at $2.5 million.
- DAO.casino, Blockchain Protocol for Gambling, is still open for another 9 days with a cap with $25 million (currently collected $15 million).
- DIMCOIN, speculative digital coin built upon NEM, is in their Pre-sale mode, which still open for 8 more days. The Main Sale will last until 27th of July. $4.6 million has been collected so far, the cap varies from $10 million to $30 million. No access for US-based residents.
- FundYourSelfNow crowdsale is still going on, $1.4 million being collected now . Demo version is available, 4 partnership projects are already announced.
- Hive Project, cryptocurrency invoice financing platform, has opened at 3rd of July, currently collected $1.4 million out of soft cap of 2000 BTC.
- Mothership - token marketplace and wallet for EU residents, opened at 7th of July, already reached the minimum goal, the total cap is around $2 million. No MVP yet.
- Also - Tezos is still there with approx 6 more days to go. It is already the largest Tokensale ever (over $200 million at the moment), having an intricate technological base and being a very interesting project for the community.
LESSONS LEARNED
- Polybius, Sphre - examples that you can have very long, but significant token sales that fly under the radar. Little dark horses that slowly trot towards the finish line slowly chipping more crypto into their wallets.
- Also everyone gets distracted by triple A large etoken sales and that take major part of investors attention span. Projects that get $100MM+ funding certainly do not help to establish a normal mechanics between funding and deliverable. People are throwing money at primary drivers such as credible teams that offer to solve major pain points in the industry: Bancor (liquidity), Tezos (fork), EOS (scaling and transaction price). Social signals that are secondary for a successful raise, such as advisory boards, anchor investors etc. The hypetrain effect overwhelms the bravest expectations and people actually see that they lost an opportunity to gain 400% on EOS in a week if the missed out the sale.
- $5 million is still a huge amount of money for the company that just released their first MVP. This is a reasonable Round A from VC that is usually delivered to a way more mature product and team. We see a clear disparity between the pitch deck which is on seed level and amounts of funding, that is Round B level. With that we see the gap between protocols/platforms and meta-tokens is growing.
OPEN PRE-SALES:
- Not many of them are open now, market is probably preparing new huge deals, so there's only DENT Coin Presale is being open now and offering 20% bonus until 12th of July.
NEXT WEEK TOKEN SALE LAUNCHES (8 July - 14 July)
- InsureX - insurance trading platform, launch is at 21st of July, maximum cap is $20 million. Presale is over.
- DENT Coin - mobile data sharing platform, with the cap set up at $51 million (that amount is also subject to change, as website says). MVP is not available.
- Agrello - AI-powered interface for smart agreements. Maximum investment cap is 8000 BTC. MVP is not available yet. Token sale starts at July 10th.
- Suretly - crowdvouching platform, MVP is available (mobile app). The aim is to collect from $1.5 million to $10 million. The token will represent the shares of the equity, which it totally means security token, but US residents are not blocked (at the moment of publication of this article), so be careful.
- Digital Developers Fund - opens at 10th of July, the cap is set up at $60 million. Also, the token gives access to profit distribution along with the access for US-based residents, which means a security borderline case, which means huge lack of legal support.
TO READ
- Celebrating! First Real Blockchain Transaction Completed in Fund Distribution
- It took so long, but finally someone did it - PwC and ICOAGE launched the ICO Projects Evaluation Index
- For those worrying about 1st of August - What you need to know about the upcoming fork