Home crypto investing Mapping out token sales in the first 4 months of 2019

Mapping out token sales in the first 4 months of 2019

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Data from coinschedule indicates that about $830 million has been raised so far through crypto token sales. Singapore registered the most number with 12, UK-9, USA-7, and Hong Kong with 6. Other countries in the top 10 include the Cayman Islands, France, Estonia and China. In Africa, Zimbabwe and Tanzania had one token sale each.

In terms of funds raised, January saw $300 million raised through token sales, February with $183 million, March- $298M and April $83M.

 

GCBIB raised the highest amount with $142 million. GCBIB (Genesis Crypto Blockchain Investment Bank) token sale ended on Jan 31, 2019. The Dubai based entity is an investment bank that is aiming to offer traditional banking and insurance products to cryptocurrency holders. With this, it can bridge the gap between traditional finance and cryptocurrency markets. The business model is expected to work like this: customers can send their crypto to the bank and the bank converts to GXB tokens as a service for the customer. The customer can redeem fiat money for GXB tokens.

Other successful token sale projects that make up the top 10 are Bolton coin, Kinesis, BQT, CharS , Percival, ioeX, IronX, mHealthCoin and Chelle Coin.

In terms of categories, trading and investing currently dominate the token sale projects with 29%. Finance projects accounted for 18%, infrastructure 7%, mining 5%, charity and donations 3.9%. Other categories are Social network, privacy & security, commerce & advertising, real estate, internet of things among others.

Compared to the same period last year, a total of $8 billion had been raised. The total successful sales were 362 with the United States dominating with 59 of those. Telegram private sale dominated with $1.7 billion followed by Petrocoin, the Venezuela oil backed coin that has generated controversy. In addition, communication-based projects were on the lead with 21.7% followed by finance 17.6%, governance 8.3% with trading & investing coming 4th with 8.3% of the token sales.

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