BlockBeats pushed a very interesting piece of data on the website a few days ago. In the first half of this year, only three changes in the price of the altcoin have outperformed the increase of Bitcoin, which is the currency platform BNB, Tezos (XTZ), Chainlink (LINK). None of the remaining projects ran through the 215% increase in Bitcoin.
Then the question is coming. There are tens of thousands of projects in this industry, and what are the remaining ones?
In 2017, global ICO financing was $5.4 billion; in 2018, global ICO financing was $12.6 billion; in the first half of 2019, BlockBeats, based on ICOdrop's statistics, a total of 87 projects, totaling $2.06 billion.
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Of the more than $20 billion, the financing milestones are: EOS uses a one-year public offering to raise $4.2 billion; Telegram has $1.7 billion in private placements of less than 200 people; the main network has been delayed by one FileCoin has a total of 200 million US dollars in the year… These projects are now mixed, some suddenly start, dozens of companies have announced cooperation; some have melted tens of millions of dollars, but made a market value only Millions of dollars of projects; some projects have been postponed repeatedly, and there are constantly team members to leave.
BlockBeats based on TokenData's data, combined with the project's Twitter, Github, community activity, and weekly reports, summarizes the current status of the top 50 projects in the history of blockchain financing as of June 30, 2019. Let's take a look at what these once-famous projects are now mixing together.
Financing history Top50
Among the 50 projects with a total financing amount of just 10 billion US dollars, we saw the "injury Zhongyong" of the tiger-headed snake tail, saw the lonely "over-the-net red", and also saw the "air currency" that the mind seems to be not correct. BlockBabils statistics, the current 19 progress of these 50 star projects is delayed, 5 have been stagnant, and some projects have failed, the team has been demobilized, and even accused, the actual progress is basically normal, only 17 Accounted for 34%.
This data is still due to some new large-scale financing this year. The project has just started and is still in the normal stage. Looking down a few more, many projects have long since stagnated. Block Rhythm BlockBeats picked a few representatives to see what these star projects are now.
Star project now
The development of EOS is obvious to everyone. One year of crowdfunding has brought EOS to an unprecedented $4.234 billion, accounting for nearly half of the 50 projects. However, after the main online line, this project called "Blockchain 3.0" has caused many problems for the industry: performance can not be redeemed, Github progress is slow, centralization is high, DApp is often hacked, and so on. Founder BM is developing new projects and wondering if it will care about the future of EOS.
The network Telegram Open Network , developed by Telegram , is a milestone in private equity financing, with a private placement of less than 200 individuals. Recently, TON's test network has just been online, and the main network is not online yet. We only saw the big pie painted by Telegram, but it was never fed to the mouth. However, from the perspective of Telegram's solid development skills, the final TON may give us some surprises, and many people in the industry are optimistic about this project.
tZero is the issuance platform for securities token issuance (STO), raising $134 million. At that time, the concept of STO was placed on the hope of compliance ICO, but it did not heat up. The price of t0 tokens broke after the launch, and there was no new action for a long time, but at the end of July, online retailers, tZero Parent company Overstock announced that it will use the digital securities issued by tZero to pay shareholder dividends to its subsidiaries, while dividends will be paid to t0 token holders through US stocks. This new gameplay does not know whether tZero can be a little bit hot.
The instant social application Kik Messenger is a representative of the mainstream Internet company's currency. Kik was very popular in the early days. After launching on Twitter in 2010, there were 1 million users logged in in just 15 days. In 2017, when KiK lived 50 million people a month, it announced the issuance of token KIN, and in September 2017 completed 98.5 million US dollars of ICO financing. But on June 4 this year, the US Securities and Exchange Commission (SEC) formally sued KIK's ICO for illegal financing, citing KIN as a security, but Kik did not register with the SEC. This matter has not yet resulted in this.
Elastos is also a classic of the domestic public chain project. The team is a famous school background, behind the industry's well-known Bit Continental founder Wu Jihan and NEO Xiao ant founder Da Hongfei, and even Foxconn's platform, three rounds of financing nearly 7000 bitcoin, has not been online yet It is the most popular project in the country. However, after the online stock exchange in 2018, the price of the currency fell sharply. Many investors lost their money and even began to organize their rights. The reputation of the project has plummeted, and now almost no one has paid attention to it. Even other project parties do not want to show that they have a relationship with the cloud, for fear of investor dissatisfaction.
The recent $52 million Blockstack fire is one of the 50 projects with a lot of good news. In July of this year, Blockstack became the first US SEC-approved project to issue compliant tokens under the Reg A+ rules. In the history of cryptocurrency financing, Blockstack has become a milestone. And Blockstack's compliance has made it meaningless to provide STO financing. Since you can actively seek SEC compliance, why go to STO?
Another landmark event was the arrest of the founder of Centra . The founder of the company, which raised nearly $50 million in the 2017 ICO frenzy, was accused of alleged fraud in 2018 and became the first founder of the US to be arrested for illegal financing of ICO. At the same time, many stars for this project platform, including the boxing champion Mesevi, received a notice from the SEC. Now it seems that this is also a microcosm of the intertwined human madness and greed in the ICO speculative bubble of the year.
Sirin Labs raised nearly $158 million at the end of 2017 to create a blockchain mobile phone "Finney" with a separate hardware wallet. It is reported that Foxconn also participated in the development of "Finney". However, the market does not seem to buy it. In April 2019, Sirin Labs announced a massive layoff of one-quarter, while the CEO was sued in the name of deceiving investors. The price of SRN tokens also slipped from the highest of 3.8 dollars to 0.015 dollars, and the market value of circulation fell to only 7 million US dollars, less than 5% of the original financing amount. Until now, there is no sign of recovery.
The story of the decentralized autonomous organization The DAO is even more exciting. As the originator of the governance project, THE DAO first proposed putting the concept of “decentralized autonomous organization DAO” into practice. In its vision, everyone can put cryptocurrencies into it, and The DAO puts these assets into blockchain projects, meaning that everyone can be a limited partner in the chain. Due to the forward-looking concept, The DAO completed a financing of US$150 million in May 2016, which was unique in the currency circle at the time. However, The DAO did not even have a chance to lose to the design mechanism and lost to the technical loopholes. The DAO was attacked by hackers and suffered heavy losses. This incident was raging in the Ethereum community, and finally split the ETC and ETH chains, and The DAO disappeared into history as a funerary.
Bankera completed a $150 million financing in February 2018, proposing that it “maintains a bridge between traditional finance and blockchain ”. Although it still maintains the voice of social media, it has not seen any substantial progress in the project. Its token BNK has also been left unattended, falling 80%, and the daily trading volume is only 50,000 US dollars.
ThunderCore, which just had a $50 million investment this year, also had problems yesterday. The chief scientist and technology core Dr. ElaineShi ended the two-year contract and no longer signed with ThunderCore. ElaineShi is for ThunderCore, just like Gavin Wood for Polkadot. This incident also triggered heated discussions in the ThunderCore community. Some investors in the community said that the project team had already known this and had concealed it, and that the project side had "sneaked a slap in the face".
Basis , founded by three Princeton graduates, is a representative of a birth of a gold spoon. Google Ventures, a16z, Polychain Capital, Pantera, Metastable, Bain Capital, Laban Labs, Naval and many other heavyweight investment institutions and investors have entered the market, raising $125 million to stabilize the currency rivers and lakes, and intend to open up a new era of stable coins. . However, the US SEC has shattered the dream of Basis. The regulator believes that Baseshare and Basebond in the Basis system are “securities” assets, and issuing such tokens violates the relevant regulations. What everyone did not expect was that the three young people of Princeton finally competed in the "disappearance" curtain call.
PumaPay is a relatively unpopular payment system project that smothered about $117 million in ICO financing in May 2018. More than a year has passed, the project has not made breakthroughs, and tokens are still little known. According to Coinmarketcap, PMA's trading volume in the past 24 hours is only 22,000 US dollars, and the liquidity is almost zero.
And similarly, in the blockchain project, there are countless.
Financing sorghum project
Of the 50 projects with the highest financing in history, 66% are in an abnormal state. The team is not arrested or dismissed, and only 17 are still normal. From this result, we instinctively want to come to the conclusion that some projects have been prepared from the beginning with the idea of making money. There are still some projects that want to be serious about doing things, but when the huge amount of financing is changed, the idea of the white paper is left behind, and finally it becomes a perfunctory garbage project.
Although it is not excluded that the purpose of some projects is to cut the leeks, the reasons for the fall of many projects are very complicated. We cannot judge the original intention of the project. Many times, the influence of the external environment on the team, we can not understand the external personnel who do not understand the information. make a decision.
Therefore, we can only draw two conclusions:
The era of crazy financing of the blockchain in 2017 and 2018 will never happen again.
In fact, there are also many well-known projects that are still active today and have not had a lot of financing. Cosmos only raised $17 million in equivalent bitcoin and Ethereum in the ICO completed in April 2017, but this year the main online line led the cross-chain theme; the decentralization of the "blockchain USB" The predictor, Chainlink, raised $32 million in September 2017. It broke out two years after the silence. In the stable currency, the Internet of Things, the public chain, privacy, decentralized financial DeFi, and even the giants such as Google and Oracle announced Chainlink has a team of 41 partners. The value of token LINK also reached its peak this year.
Of course, there are still many PoW projects without financing. At the beginning of this year, the Grin team in order to achieve the goal of fair distribution of tokens, some people don't invest in them. All the income depends on the donations of the community. I hope that I can really use the blockchain to realize my idealism.
When we look back at projects that have left a lot of colorful strokes in the history of blockchain, hundreds of millions of dollars in financing, top development teams, and utopian white papers are all inviting every investor who bought their tokens. Heartstring. Some project parties are still doing things, but they have begun to deviate from their themes. There are also many project parties who leave the industry after earning a lot of money. They leave their hands and push the "chives" to the cliff of "cutting the meat." on.
In addition to the above-mentioned financing projects with a financing of more than US$45 million, there are more projects with financing amounts exceeding 10 million US dollars. Their project development and community operation have long been stagnant, and even some project team have been disbanded. . BlockBeats recommends that readers pay attention to the projects they have invested in to see if they are still "doing things" or have "running the road".
* Block Rhythm BlockBeats prompts investors to guard against high risk.
Author: 0x22 0x29
Source: Block Rhythm BlockBeats