Stavros Georgiadis

The Top Rate ICO Industries in 2018

Investing in ICOs requires due diligence and analysis of potential risks and returns.
The Top Rate ICO Industries in 2018

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.

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Alexander Goborov

Selected Cryptocurrencies: Volatility Figures for the Past 3 Months

With more and more traders resorting to minor altcoins for business, these new volatility figures are sure to be of use to many
Selected Cryptocurrencies: Volatility Figures for the Past 3 Months

Volatility is an important parameter to consider whilst preparing to conduct trades, especially with lesser known currencies that these days are bought and sold every hour as a promising pathway to quick profits. It shows how unstable any given cryptocurrency’s market price is and how much periodic price figures deviate from the average, which can be seen by percent.

If you take any column of price values, calculate their average (i.e. mean), then look at how much each value is different from that average (i.e. get the deviations), square all those deviations and, in turn, calculate their own mean, you will get statistical variance. Calculate the square root of that variance, and you will get what is known as standard deviation. Turn that standard deviation into percentage representations, and here is your volatility.  

Having processed prices of the selected altcoins taken at five minute intervals for the past three months and calculated their respective variance and standard deviation, our partners Datalight are now providing their corresponding percentage figures, i.e. the volatility, with market cap ratings relevant to the time of the statistical analysis having been written underneath:

VOLATILITY GRAPH

MobileGo (MGO), Holo (HOT), LockTrip (LOC) are all at around 60%; Haven Protocol (XHV) and Energi (NRG) are at around 70%; Smartlands (SLT) is at around 80%; Nasdacoin (NSD) and Everipedia (IQ) are at around 90%; Etheera (ETA) is at around 110%; and finally, Box Token (BOX) is at over 550%, very volatile indeed.

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Alexander Goborov

October's Top 10 List of Token Holders on Ethereum: Electrify.Asia is Leading

Electrify.Asia has by far the most new ERC-20 token holders, which means it is currently the most popular cryptocurrency on the Ethereum network
October's Top 10 List of Token Holders on Ethereum: Electrify.Asia is Leading

Ethereum is one of the leaders of today’s crypto world: it is second only to Bitcoin by market cap with 20.5 billion US dollars; right now, it is also standing at number four in terms if its monetary value following Bitcoin, Maker, and Bitcoin cash with almost 200 USD for one coin of Ether.

But, of course, Ethereum is not only a giant platform that generates its own cryptocurrency: it also lets other cryptocurrencies use its Blockchain network, so long that all of the technical rules are observed within the ecosystem. As a result, all cryptocurrencies that are hosted by Ethereum, apart from its own Ether, must be ERC-20 compliant (Ethereum Request for Comment), and every holder of an Ethereum-based cryptocurrency is thus also a de facto holder of an ERC-20 token.

This means that ERC-20 token holder figures are indicative of how well a crypto coin is doing within the larger Ethereum framework. The more ERC-20 token holders there are, the better that “guest” currency is doing, and since Ethereum is also one of the market leaders, any given cryptocurrency’s internal popularity on Ethereum also directly reflects on how well it is paddling through the crypto sea in general.

Below is the top 10 list of this October’s new ERC-20 token holders for each of the leading Ethereum-based cryptocurrencies:

This October’s New Token Holders

The current winner by a landslide is Electrify.Asia with almost 100 000 new ERC-20 token holders this October, followed by XMax with around 13 500 new token holders, then Moneytoken with around 12 000, Skrumble Network with around 9 000, 0xcert with roughly 8 000, SALT with 7 000, UChain is lagging slightly behind with around 6 800, FansTime has close to 6 500 token holders, DAEX around 4 500, and finally Datum is in last place with just under 4 000 new ERC-20 token holders this October.

Being “the first retail electricity marketplace in Southeast-Asia addressing the need for transparency and security in the consumption of energy” and with their slogan promising to “build an intelligent energy ecosystem for Asia”, the Singapore-based Electrify.Asia, headed by Julius Tan and Martin Lim, have set very high expectations for themselves. Let’s see what happens closer to the New Year!

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Alexander Goborov

From Mainstream to Blockchain: 10 Business Giants whose People Turned Crypto

In today’s list we present 10 major companies whose employees or investors have left for good to join the Blockchain world
From Mainstream to Blockchain: 10 Business Giants whose People Turned Crypto

Today, we bring you a list of companies, representatives of the mainstream business elite, whose employees or investors have left in order to join the crypto world (displayed in the alphabetical order):
10 Business GiantsLeo Chen of Amazon Web Services recently left the huge corporation to join Harmony, an open infrastructure decentralized platform.

Alok Kothari of Apple, another giant of the mainstream tech world, did the same and moved to Harmony to become its chief engineer.

William Healy of Deutsche Bank recently left one of the biggest banks in the world to join Pantera Capital, a crypto investment firm.

Kahina van Dyke of Facebook left Zuckerberg’s creation to become Ripple’s vice president for corporate development.

The billionaire Michael Novogratz worked at Goldman Sachs for many years before becoming a top level crypto investor of Bitcoin and Ethereum.

Charlie Lee left the giant Google to found one of the crypto pioneers, Litecoin, back in 2011.

Richard Kim worked for JP Morgan for five years before recently leaving the world of mainstream finance to join Galaxy Digital, a Blockchain-based digital investment company.

One more top executive, Emilie Choi, left LinkedIn not long ago to join the well-known crypto exchange platform Coinbase.

Another billionaire on the list, Timothy Draper, was an early investor in Microsoft’s Hotmail and Skype before switching to Bitcoin and multiplying his assets.

And finally, Ryan Lechner of Netflix recently left the online streaming media giant to join the Ethereum-backed Consensys Labs.

We hope you found this list interesting. Stay tuned for more.

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Crypto Wallet Users are on the Rise: Numbers Approaching 30 Million Globally

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The number of crypto wallet users has increased almost tenfold since 2015
Crypto Wallet Users are on the Rise: Numbers Approaching 30 Million Globally

 

Nowadays, crypto wallets are an integral part of crypto ownership and trading: naturally, one must have a secure place to keep one’s valuable digital belongings.

Whereas not long ago, wallets were somewhat of a rare occurrence, they have since grown in numbers. Substantially.

The graph below shows the situation, past and present, between 2015 and today:

Graph. Number of Crypto Wallet Users Worldwide

After a timid start with ~3 to ~4.5 million users in 2015, the first quarter of 2016 started to approach 7 million users globally, followed by ~11 million users in the last quarter of that year.  

Last year’s first quarter saw a promising start with almost 13 million crypto wallet users, followed by almost twice as much, ~21.5 million, 9 months later, as the year came to a close.

2018 began with the first quarter’s figure reaching for ~24 million, gradually climbing further up to almost 30 million crypto wallet users the world over that we have today.

We hope you found this information useful. Be sure to also check out:

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The Blockchain Market Continues to Expand: Predictions for the Near Future

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The global Blockchain technology market is expected to reach almost 2.5 billion USD by the year 2021
The Blockchain Market Continues to Expand: Predictions for the Near Future

According to the recently acquired data by the research portal Statista (based in Hamburg, Germany), which have been kindly shared with UToday, the global Blockchain technology market is set to grow at an impressive rate in the near future. The trend looks as follows:

image

Having moved past the ~200 million USD mark two years ago, the ~350 million USD mark last year, and the ~550 million USD mark this year, the forecast predicts close to 1 billion USD next year and almost 1.5 billion USD in 2020. The projected figure for the year 2021 is set to be around 2.5 billion USD.

Note that these numbers pertain to the actual market adoption of the Blockchain technology and does not include money pools associated with daily cryptocurrency speculations, nor market capitalization values of individual altcoins.

For more insights look here:

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