Token Report: 2018 Pipeline Outlook & 9 ICOs This Week
Welcome to the 32nd issue of Token Report’s investor newsletter. We’re building the global financial data layer for crypto. This newsletter is based on the information flowing into our ICO database. Check our website to find out more about our product and our token.
Happy New Year! This week, we’re back with just three presales and six crowdsales after a quiet lead-up to the holidays. That’s expected to pick up a little bit next week, with 37 ICOs opening, but general activity may finally be slowing down: There are only 86 ICOs set to open in January, compared to an average of 133 sales opening a month in the last quarter of 2017. Granted, this number is not fixed as we add more ICOs to our database every day, but could the “great ICO freeze” be happening this year? Additionally, the number of projects with an undetermined open date has grown to 202, and it’s likely that some of these will never open.
We saw a pretty crazy 2017 with nearly 6 billion USD raised and 262 deals closed. To put that in context, 2016 saw 102 million USD raised. The last quarter was particularly busy, with 51.4 percent of all dollars raised in the last three months of the year. 2017 was also the year that ICOs re-drew the world venture capital map. Read our take on that, here.
Also, we took a look at the pipeline for the ICO market in the first quarter of 2018; view the data here and join the discussion in our Telegram forum.
Below are the ICOs opening from Jan. 3 to 8.
ICOs Opening This Week
Theta
Documentation
Forum
Presale open date: Jan. 8
Crowdsale open date: Jan. 15
Hard cap: 20M USD
Theta is a peer-to-peer video delivery network built on a blockchain for video streaming. Mining Theta tokens rewards users with PCs with the bandwidth and resources to broadcast video streams, and they can in turn receive tokens as rewards from viewers. Theta is a wholly-owned subsidiary of Sliver, an esports live streaming website.
LaLa World
Documentation
Forum
Crowdsale open date: Jan. 5
Hard cap: 300,000 ETH
LaLa World is a payments system and wallet for the so-called “unbanked” population of the world that is not covered by traditional financial services. Targeting migrants and their families back home, LaLa World’s app will facilitate loans, payments, remittances, banking and other financial services.
Coinstarter
Documentation
Forum
Presale open date: Jan. 6
Crowdsale open date: Jan. 20
Hard cap: N/A
Coinstarter is an ICO funding platform on which users can launch campaigns and coins in a short amount of time. Coinstarter’s suite of products includes CoinstarterBox, an ICO subscription service that deposits a curated batch of coins in a user’s Ethereum wallet every month. Coinstarter’s ICO will give holders rights and privileges to the platform and its other services.
Neuromation
Documentation
Forum
Crowdsale open date: Jan. 7
Hard cap: 60,000 ETH
Neuromation is building an ecosystem in which participants can contribute to or buy components of an AI model. Platform service providers will provide resources for the creation of synthetic datasets, distributed computing services and machine learning models; each service executed or piece of data sold is rewarded with NeuroTokens. Customers will be able to negotiate prices, auction-style, directly with service providers on the platform.
X8 Currency
Documentation
Forum
Presale open date: Jan. 4
Crowdsale open date: Jan. 12
Hard cap: 16.7M USD
X8 Currency is a cryptocurrency backed by eight global currencies plus gold. When a transaction is received for the currency, it diversifies the payment into the proportions of the currencies and gold, creating a “basket” of currencies designed to diversify reserves and manage risk.
Transcodium
Documentation
Forum
Presale open date: Jan. 7
Crowdsale open date: TBD
Hard cap: 30M USD
Transcodium is a peer-to-peer file editing, transcoding and distribution platform on which users can rent their unused computational power to transcode files and be rewarded with tokens by those who need the files.
CryptF
Documentation
Forum
Crowdsale open date: Jan. 4
Hard cap: N/A
CryptF is a set of cryptocurrencies backed by blue-chip stocks and bonds, designed to act as a simpler and more affordable alternative to trading on traditional stock exchanges.
BeeSocials
Documentation
Crowdsale open date: Jan. 6
Hard cap: N/A
Marketing itself as the “Airbnb of events,” BeeSocials is an app connecting users with events happening in homes near them. Anyone can host and manage personal events and list it on the app.
Ginni
Documentation
Forum
Crowdsale open date: Jan. 6
Hard cap: 56,454 ETH
Singapore-based Ginni, from a mining company called Miners At Work, is a network of mining centers that also operates a chain of cryptocurrency ATMS called Fastcoin. Funds raised in the Ginni ICO will expand its mining operations and ATM machines in Singapore and eventually in other countries.
Token Report is an independent financial information service founded by Galen Moore and Peter Vessenes. Galen is a financial journalist with a background in startups, venture capital and launching news sites. Peter is a co-founder of the Bitcoin Foundation, and launched the first VC-backed Bitcoin company in 2011. He is managing director at New Alchemy, a boutique consulting and investment group based in Seattle, Wash., that is making a pre-seed investment in Token Report.
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