1 July - 7 July 2017 // Week in Token Sales

in #cryptocurrency7 years ago

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 [email protected].

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Yours, Tokenguide Team 

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LAST WEEK'S SUCCESSFUL TOKEN SALES: 

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

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Thanks I am just getting into ICOs myself and this is usful info. Following thanks. Not a fan of Poly something about it makes me think twice.

I recently invested in bitquence as it is something I want to use personally.

True Flip {ICO} - Already running a transparent blockchain lottery! Bomb! Bonus 20%! Hurry! :)
The platform is already working and making a profit :)
https://steemit.com/ico/@happycoin/true-flip-ico-already-running-a-transparent-blockchain-lottery-bomb-bonus-20-hurry

Great links here! Keep it coming.