September 21, 2023

What is the fate of the TOP 25 largest cryptocurrency ICOs?

What is the fate of the TOP 25 largest cryptocurrency ICOs?

We decided to study which ICOs have become the largest in fees and what has become of them at the moment.

Top three leaders are led by EOS, Telegram Open Network and UNUS SED LEO with a wide margin. In addition, these are the only projects that have raised more than a billion in ICOs.

  • Eos - blockchain platform for decentralizedapplications and business. The team conducted an ICO for 11 months, as a result of which more than $ 4 billion was raised. Large venture capital funds and ordinary people were invested in the project. In June 2018, the project launched its own platform and is actively developing it. A year later, project technical director Daniel Larimer announced that a social network would be created on the basis of EOS, which would be designed to increase the mass adaptation of the project to society.
  • Telegram Open Network (TON) - one of the most closed ICO projects in allhistory, conducted 2 stages of ICO and during each of them was able to raise $ 850 million. At the same time, the minimum participation threshold was $ 10 million. At the moment, the project is under development and promises to create a new Internet with many integrated services and services.
  • UNUS SED LEO - Bitfinex exchange token built on the platformEthereum and being a utility token. An ICO was held in early May and already on the pre-sale the whole offer was bought out. The exchange token is actively used and is always included in the top 20 cryptocurrencies by capitalization.

What is the fate of the TOP 25 largest cryptocurrency ICOs?

Growth leaders

The undisputed leader in growth relative to feesICO has become a TRON project. Having collected $ 70 million in June 2017, in just 2 years the project has grown 17 times, judging by capitalization. Moreover, in winter this figure reached 80 times, when Tron took 6th place in the general top of cryptocurrencies.

  • TRON - another blockchain platform, competitorEthereum In June 2018, it launched a minnet and in just 6 months it was able to reach 2 million transactions per day, second only to EOS. Tron is actively developing, so in January 2019 it was announced the purchase of one of the largest torrent companies with the number of users in excess of 100 million people - BitTorrent.

Tezos and Gatechain Token are on the 2nd and 3rd lines in growth, increasing by 3.5 and 2 times, respectively.

  • Tezos is one of the most famous projectsconducted ICO. $ 232 million was collected in just 9 minutes, which is an absolute record at the moment. But then conflicts began within the team, as a result of which development stopped. Only six months later, all problems were resolved, and in August 2018 Tezos launched its own blockchain platform.
  • Gatechain Token is a relatively young token, ICOwhich was held in the spring of 2019. This token is a exchange token on the trading platform. Currently it is located on the 39th line by capitalization among all cryptocurrencies.

The strongest falls

9 out of 25 coins have a drop in capitalization at the moment of more than 80%. These include:

  • Dragonchain (DRGN)
  • SIRIN LABS Token (SRN)
  • Bancor (BNT)
  • MobileGo (MGO)
  • Envion (EVN)
  • Polymath (POLY)
  • TenX (PAY)
  • Neurotoken (NTK)
  • DomRaider (DRT)

The total amount collected during the ICO of the above projects is $ 1.15 billion, and their total capitalization at the moment is only 90 million. The fall was a phenomenal 92%!

Dead project

Dotcoin cryptocurrency was a stock tokenThe popular New Zealand Cryptopia exchange. But in the spring, the founder of the exchange disappeared and took with him all the keys to cryptocurrency wallets. Subsequently, Cryptopia announced its liquidation, as a result of which the Dotcoin token disappeared.

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