ICO Market Research Q1 2018

Welcome Message
The report for Q1 of 2018 is devoted to the
most significant trends in the ICO world. We
have tried to widen and deepen information
on the market in order to give readers more
understanding of current trends in the
development of the industry.
From the standpoint of a rating agency,
we observe dynamic development in the
industry, but the market is still at an early
stage of its development. A significant number
of projects still allow miscalculations in their
business models and tokenomics; most
importantly, they are approaching the analysis
of consumer expectations very subjectively.
Project teams often have a superficial
approach to forecasting development
scenarios. Many teams ignore the necessity
and relevance tokens have for business models
still under construction. A similar situation
can be seen with projects based on operating
businesses. 

Having a traditional business does not always
rule out their use of blockchain with their
products, however this can sometimes create
some discord amongst the perceptions of
entrepreneurs. From this point of view, the
market for the last quarter is slightly different
than in the second half of 2017. A change
in the role of profile funds and a significant
increase in regulators’ attention to the industry
cannot be overlooked.
We see that the key market trend in 2018
is a sharp increase in the share of institutional
capital and a decline in the number of private
investors. This actually leads to a situation
where project requirements increase and the
funds raised during an ICO depend on how
well projects co-operate with investment funds.
Sasha Kamshilov,
Chief Executive Officer

ICO Market Research Q1 2018