Token Sales: Q1 2018

The state of the token sale market as of 31-March-2018

The figures below were sourced via the Elementus Protocol, an expert system that extracts and interprets transaction data directly from the blockchain (full methodology). In contrast, most token sale statistics available online rely strictly on third-party reported amounts, which may be outdated and in most cases will exclude projects that do not report their fundraising.

As a result, the fundraising stats shown on this page are more accurate and complete than any other estimates we are aware of. And the aggregate totals are substantially larger.


Over $23 billion has been raised to date via token sales

The history of token sales visualized, Jan 2014 - Mar 2018 (interactive version)


In just the first 3 months, 2018 token sale fundraising has already surpassed all of 2017

The first quarter of 2018 saw $14.2 billion raised via token sales vs. $9 billion raised in all of 2017.

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After a dip in December, the number of monthly token sales reached a new high in March

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The biggest token sales are getting bigger

4 of the 5 largest token fundraising efforts of all time took place last quarter (the EOS ICO has been ongoing since June, 2017).

Petro$5bnEOS$2.5mTelegram$1.7bnDragon$320mHuobi$300mHdac$258mFilecoin$257mTezos$236mTheDAO$168mSirinLabs$158m
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Security tokens and SAFT agreements are growing in popularity

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Fundraising volume by country and region

Token sales, Jan 2014 - Mar 2018

(Hover for more information)

ArcblockBANKEXBlockstackBloomCelsiusEnigmaFilecoinGridplusMobileGoNebulasNeuromationOlympus LabsPeerbanksSALTShopinTezostZeroEOSKinQuantstamp4NewPolkadotSPiCECardanoEnvionHdacSirin LabsStatusSwissborgCrypteriumINSKickRMCSONMNagaSavedroidLeadCoinBankeraIUNGODom RaiderCyberTrustindaHashSetherApexHuobiLoopringPressOneTRONVeChainElastosFusionKyberLendroidOdysseyTenXZeepinCOMSAQASHDragonGAT CoinICONPundi XThe DAOTelegramCentralityNexoWAXCoinPokerPolymathBancorEndorZen ProtocolPetroUSACanadaUKSwitzerlandCzech RepublicEstoniaBulgariaRussiaGermanySpainGibraltarLithuaniaFranceCyprusNetherlandsUkraineSloveniaLuxembourgPolandMaltaGreeceRomaniaChinaSingaporeJapanHong KongIndiaSouth KoreaIndonesiaUnknownStatelessAustraliaNew ZealandBelizeCaymanCosta RicaBVISeychellesBarbadosSouth AfricaIsraelUAEArgentinaColombiaVenezuela EuropeNorth AmericaAsiaCaribbeanSouth AmericaOceaniaMiddle EastAfricaStateless/Unknown
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Methodology

Fundraising amounts were sourced via the Elementus Protocol, an expert system that extracts and interprets on-chain transaction data.

Fundraising amounts were converted into USD at the prevailing cryptocurrency exchange rate at the time the sale closed. Contributions to the EOS ICO, which has been ongoing since June, 2017, were converted daily at the ETH-USD exchange rate.

Funds raised through token-convertible securities were sourced from SEC filings and the Petro figures are as reported by Venezuelan president Nicholas Maduro.

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