TOP 25 largest ICOs: what's wrong with them now?

We decided to study which ICOs became the largest in terms of fees and what happened to them at the moment.

TOP 25 largest ICOs: what's wrong with them now?

The top three are led by EOS, Telegram Open Network and UNUS SED LEO far ahead of the rest. In addition, these are the only projects that have raised more than a billion in ICOs.

EOS is a blockchain platform for decentralized applications and businesses. The team ran the ICO for 11 months, raising over $4 billion. Large venture funds and ordinary people invested in the project. In June 2018, the project launched its own platform and is actively developing it. A year later, the technical director of the project, 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 for society.

Telegram Open Network (TON) - one of the most closed ICO projects in history, 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 is a token of the Bitfinex exchange built on the Ethereum platform and is a utility token. The ICO was held at the beginning of May, and the entire offer was bought out at the pre-sale. The exchange token is actively used and consistently ranks among the top 20 cryptocurrencies by capitalization.

Growth Leaders

The undisputed leader in terms of growth in terms of ICO fees was the project TRON. Having collected $2017 million in June 70, in just 2 years the project has grown 17 times, judging by capitalization. Moreover, this figure reached 80 times in winter, when Tron took the 6th line in the overall top cryptocurrencies.

TRON is another blockchain platform that competes with Ethereum. In June 2018, she launched the mainnet and in just 6 months she 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 more than 100 million users - BitTorrent.

Tezos and Gatechain Token are on the 2nd and 3rd place in terms of growth, having increased by 3,5 and 2 times, respectively.

tezos β€” one of the most famous projects that conducted 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, the ICO of which was held in the spring of 2019. This token is an exchange token on the Gate.io marketplace. At the moment, it is on the 39th line in terms of capitalization among all cryptocurrencies.

The strongest falls

9 coins out of 25 have a capitalization drop of more than 80% at the moment. 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 raised during the ICO of the above projects is $1,15 billion, and their total capitalization is currently only 90 million. The fall was a phenomenal 92%!

dead project

Cryptocurrency Dotcoin was an exchange token of the popular New Zealand exchange Cryptopia. 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.

Source: habr.com

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