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Creative Content Always Gets Promises that are Broken: Past-ICO Review

  • Eric Eissler
    🕵️‍ ICO Watch

    Elastos Internet promises to be able to allow for registration and management of creative content, however, the news trail went cold two months ago despite a stronger the


Creative Content Always Gets Promises that are Broken: Past-ICO Review
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Elastos is planned to be a platform for DApps, which will run on a peer-to-peer network with no centralized control. The platform is embracing the decentralized theme that is commonly associated with the crypto industry. Elastos users will be able to access these DApps via their mobile phones.

The main role of Elastos is to issue IDs for digital content by using Blockchain technology, making it possible to know who owns which digital assets. For example, on the Elastos Internet, filmmakers will know how many times their movies were viewed and this can be helpful to them.

Financials

The Elastos token sale ran from Jan. 2 to Jan. 23, 2018 and raised $95 mln. The token entered the market on Feb. 1 at $44 and surged upwards to an all-time high of $83.19 on Feb. 23, before beginning a downwards decent. It hit a low of $25 on April 9, before rebounding to $63 on May 5. However, like most of the crypto market right now, which is very bearish, the price sits at $9.40. The token price appears to be on an upward trend now. The market cap is still strong at $73 mln. There are almost eight mln coins currently in circulation with a total number of 32 mln.


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Team

Rong Chen- Chairman and founder

Chen worked as a senior software engineer at Microsoft for more than seven years before leaving to found his first company Kortide in Beijing, where he served as CEO for three years and then Chairman for 14 years before leaving to found Elastos.  

Feng Han- Co-founder

Dr. Han has a PhD in Physics and has spent a majority of his career in academia. He has many associations with Blockchain related foundations such as the MIT Blockchain Research Institute, and Blockchain Advisor at Huawei Central Institute.  

Yipeng Su- Chief Technical Engineer

Leader of the development team and the key to pushing the project forward. Su has a strong background in IT and development.

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Roadmap abrupt end

On the surface, it appears that the company has a lot going for it, including relatively strong token performance, given the current harsh market for all cryptos. However, a troubling feature is that there is no launch date. The roadmap details all the milestones back to May 2000! However, it ends on Dec. 18 with the note: “The mining of Elastos Chain and Elastos ID Chain by external nodes will be open and accessible.” This statement is a bit vague  because it is unsure if it means that the mainnet will be live and usable or if just that segment will be operational. Unfortunately, Elastos was unavailable for comment on questions such as this and for others. The Medium blog, which has had ongoing news updates almost every week, has not posted anything since the end of June. What’s up? Why the end of the news?

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Cover image via u.today
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The Top Rate ICO Industries in 2018

  • Stavros Georgiadis
    📊‍ Infographics

    Investing in ICOs requires due diligence and analysis of potential risks and returns.


The Top Rate ICO Industries in 2018
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Investing in ICOs requires due diligence and analysis of potential risks and returns. CoinDesk is its article named “The Seven Pillars of ICO Investing” has listed the most important pillars to consider before deciding to invest or not on any specific ICO project.

These 7 Pillars are the following:

  1. Team
  2. Idea
  3. Execution
  4. Legal/Regulatory Framework
  5. Tokenization
  6. ICO Structure
  7. Price Divers

What is interesting and should not be surprising though in the ICO investing is the fact that business models and marketing, promotional channels differ significantly in the amount of fundraising, as some business categories have in general twice the median funding compared to the smaller ones. The following statistic may be useful to investors as it represents the ICO categories with highest median funding. A higher amount of funding may be justified by future business prospects about what investors believe are the most promising trends that could be deliver desired returns on investments given the risks taken.


Categories with highest median funding in 2018:

  1. Blockchain Infrastructure
  2. Internet & Telecommunications
  3. Computing & Data Storage
  4. Data Analytics
  5. Asset Management
  6. Legal Services
  7. Social Media & Communication
  8. Supply & Logistics
  9. IT
  10. Identity & Reputation

These business categories are referenced not in random order, but from highest to lowest order of median funds raised. The Blockchain Infrastructure category has the highest median funds raised at $ 7,012,289, while the Identity & Reputation category has the lowest median funds raised in 2018 at $ 3,750,000. The first and last business categories have a significant difference between them in terms of median funds raised as the Blockchain Infrastructure category is 87% larger than the Identity & Reputation category.

Another key interesting statistic in ICO investing is the geographical distribution of projects fundraising in the third quarter of 2018. The following infographic shows that there are again very large differences within continents. Europe and specifically Russia with $ 182.9 Million was the largest market, Israel with $19.6 Million was the smallest market, while South Korea witnessed a significant drop in fundraising as according to ICORating, in Q3 2018, 17 projects with South Korean origins raised USD 68 million, compared with 16 projects and USD 301 million in Q2 2018.

Geographical distribution of projects based on origin of the project team, Q3 2018

Geographical distribution of projects based on origin of the project team, Q3 2018

Country of origin means a country in which more than 50% of team members were living at the time of an ICO.

Another point worth mentioning is that in Q3 2018 USA had the largest number of projects compared to all mentioned countries in the above infographic, still Russia with a smaller number of projects, 63 was as mentioned the largest market.

Cover image via u.today
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