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 ;-)
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.