ICO Markets in the first quarter report for token sales achieved impressive growth. Looking back at 2017 we can reach the conclusion that token sales have come a long way. Find below key highlights, Charts and Graphs created by Max Galka at Elementus and what we have deduced from the token sale report for the first quarter of 2018.
ICO Markets : Key findings from the Q1 token report
- 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
- After a dip in December, the number of monthly token sales reached a new high in March
- 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).
- Security tokens and SAFT agreements are growing in popularity
- Total fundraising volume split by country and region, with the USA, Venezuela, Switzerland and Singapore raising the most money through ICOs
Monthly Token Sale Volume
The report also indicates that in the first quarter of 2018 security tokens and SAFT contracts have grown and continue to gain popularity. When we split the total fundraising volume by region and country, we find that the USA, Switzerland, Singapore, and Venezuela raised the most sum of money via ICOs.
From the report, it was discovered that the sum of monthly token sales attained a new high in March this year despite only suffering a dip back in December 2017. Token sales have only gotten bigger after a continued and sustained growth over the past year. The report shows that four of the five most significant token sale fundraising campaigns that ever took place occurred in the last quarter of 2017.
In only the first three months of 2018, token sale fundraising has managed to surpass what was attained throughout 2017. Within this period, an impressive $14.2 billion was realized via token sales which is a significant increase from the $9 billion raised during the entire 2017. This shows a slow but steady growth in the ecosystem. Another point of note regarding the report is the November dip in token sales.
2017 Largest ICO’s
Note that the above reports show the nature of the token sale market as at the end of the first quarter of 2018 which was March 31. The data here were derived using the Elementus Protocol which in essence makes the data above authentic with more massive aggregate totals all showing an upward turn in ICO token sales over the last quarter.