Did you know that, at the time of writing, the US has the highest percentage of ICO projects to date? Actually, this is probably no surprise as it seems to be the case that the US tends to be at the forefront of modern consumer technologies, with the Asian market leading the design and build.
Despite this US dominance in ICO projects, it’s actually Russia that has raised the most funds through ICOs, currently standing at over a billion dollars, despite having launched less than half of the ICO projects compared to that of the US.
It’ll be no surprise, then, to learn that a Russian programmer (Vitalik Buterin) is behind Ethereum, the most popular blockchain technology platform, holding a whopping 82.51% market share.
ICOWatchlist.com has a handy ICO ROI infographic, as seen below, which shows us a different story, however, which is kind of refreshing if you happen to be British. Back in June of 2016, Stratos (a British-led ICO project) launched their ICO and raised $590,000.
When compared to a coin like Tezos, which raised $232 million, this seems like a relatively measly amount, however, Stratis’ return on investment wasn’t astronomical, just short of 24,000%.
Conversely, Tezos only returned 154%. I say “only” … that is still a huge return on anyone’s investment, but we’re looking at it from two different sides of the coin. Yes, those behind Tezos would have wanted a sizeable return for their investors, however, they will be considerably pleased about the value of funds raised.
If we look at the stats even further, out of the 11 ICOs that have been featured, only one of them was lead by the US, namely 0X, which raised $24 million and saw a return of 1,546%. This doesn’t back up the statistic above, though, showing us that the US launches most ICOs.
One that does back up the fact that Russia has raised the most amount is the presence of 4 Russian ICOs in the top 11; those being: DENT, Tron, QTUM, and NEO.
It will be interesting to see how the ICO statistics shape and change in the future, as the markets get used to the presence of cryptocurrencies, more are released, and traders and business owners see it as the foretold rival to fiat currencies.
Infographic source: https://icowatchlist.com
About the author: Emmanuel Darko is a Blockchain technology entrepreneur and an advocate for the adoption and use of Distributed Ledger Technology (DLT). An ex-banker who has had stints in both commercial and investment banking when he worked with Zenith and Data Banks respectively and he is currently VP at ICOWatchlist.com