September 3, 2018

A Performance Review of 21 Major ICOs

Initial coin offerings (ICOs) have gone through a free fall since the crash in cryptocurrency prices. The boom of mid-2017 gave rise to many multi-million dollar ICOs with projects challenging the flaws of existing blockchains such as Ethereum and Bitcoin or launching as decentralized apps (dapps) built on existing popular blockchains. \ \ In a bid to explore the ICO market, MEDICI analyzed 21 major ICOs since 2017 to gain an understanding of their performance. The analysis was conducted based on several parameters – no. of partnerships, developer activity, community growth, no. of transactions, no. of token holders, and project status. The analysis highlighted the fact that despite raising huge funds, most of these ICOs are still far from meeting their promised potential. In terms of fundraising, EOS was the largest ICO with total funding of $4.1 billion; in fact, EOS does skew the whole picture considering that the total…

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