One of the most exciting aspects of the burgeoning cryptocurrency sector is the emergence of initial coin offerings (or ICOs), a form of crypto-based crowdfunding. As more companies enter the sector and continue building on the blockchain, they have found that this model of raising capital allows them to build applications that meet their original vision. It also lets retail investors participate in their favourite services’ ecosystems by providing tokens that can be exchanged for both in-app services and other currencies.
Editors' Research Notes
Depending on where you get your crypto-related news, the sentiment on ICOs may be a dwindling one. While the ICO market has definitely plateaued in recent months, the amount of capital being injected continues to hold steadily. The graph below shows what the ICO situation is like right now.
The year started with January gathering almost 2 billion US dollars in ICO funds; March saw over 4 billion; and June, this year’s record so far (and likely to remain so), saw close to 6 billion dollars in funding.
After the subsequent wane in the late summer and early autumn, October has gathered around 350 million US dollars within its first ten days. We at Basescore continue to believe in ICOs, and are confident in its future.
The rapid expansion of the ICO market and the thousands of new companies mean that an investor must read through hundreds of pages of technical documentation, conduct extensive research, and in many cases even take a chance on a project with little information available. This is not always optimal, and the high failure rate of many ICOs can scare off investors. Yet, new websites are emerging daily that audit and vet upcoming ICOs and help traders ensure their funds are well invested. These websites represent some of the leading destinations to learn about ICOs and make sure that when you invest, and every bitcoin or Ethereum you send, you will feel safe and secure with your investment choice.
It’s important to note that all the information listed on these websites is not meant to be investment advice. The opinions represented on their web pages shouldn’t be understood as guidance, but rather, as informational.
1) ICODrops.com: Research Tool
If you’re looking for an ICO that provides better odds for long term ROI, ICODrops offers one of the more carefully curated ICO listings. The website focuses on providing details of ICOs the site’s experts believe will deliver a higher ROI and thus will often leave out some of the more obscure or risky opportunities, despite their potential.
Each block in the columns represents a single ICO, and the card features pertinent information including the company’s funding goal, how much was raised privately and through presale and pre-sales. Additionally, it shows the time frame for the ICO, and how they are rated by ICODrops’ staff.
Clicking on an ICO’s card will lead to an ICO-specific page that highlights all the relevant information for the company. This includes basic details about the coin offering itself (such as the ticker, token type, fundraising goal, available tokens, and more). Additionally, it underlines other details that are relevant for investors such as regions that cannot participate, KYC requirements, minimum caps, and which currencies are accepted.
ICODrops also features a statistics table which includes a detailed look at how each ICO listed is performing in terms of its return on investment in US Dollars, ETH, and BTC.
ICODrops uses a rating system that measures a company’s hype levels, the risk involved, and the website’s projections for ROI to calculate an ICO’s appeal in their opinion.
Hype ratings are based on a variety of factors such as the size of an ICO’s Telegram channel and its activity levels, Alexa rankings, and activity surrounding an ICO’s twitter feed.
The Risk rating focuses on financials the most important financial factor such as hard & personal cap, % of tokens available for fundraising and the bonuses for participants in private sale and presale.
One aspect that sets it apart from other websites is ICODrop’s careful curation of the ICOs they list on their page. While it may not be the most comprehensive list, the company focuses on those projects it believes have higher potential and long-term viability, offering traders a more in-depth look at top ICOs.
For users who prefer shorter communication methods, ICODrops also hosts a Telegram channel, a very active Twitter feed, and sends out a weekly ICO list for subscribers that includes the top ICOs.
2) ICOAlert.com: Research Tool
Already a top destination for listings of new blockchain projects, ICOAlert is one of the largest listings of legitimate ICOs.
The home page features a list of pre-ICOs, active, and upcoming ICOs with a brief description of the project, as well as their KYC requirements and any limitations pertaining to who can invest. Moreover, ICOAlert’s home page also lists trending ICOs that receive the most interest from users, as well as interesting articles about the sector in general.
One of the great aspects that characterize ICOAlert is the staff’s podcast, which features weekly interviews with some of the biggest names in blockchain, as well as conversations about key issues in the industry.
Another great aspect of ICOAlert is that instead of simply listing a company’s basic details and screenshots, the website’s experts build a thorough report of an ICO that includes a Q&A with the management team, token information, in-depth financials, and other useful data. You can also sign up to receive alerts when new ICOs launch to give you the opportunity to get in on the ground floor and beat the rush.
3) Basescore.co: Research Tool
If you're looking for a deep dive into ICOs, you can't trust information from just one singular source. There's no way of knowing whether a review has been "sponsored", and for that reason, it's hard to see whether it's trustworthy or not.
Enter Basescore, a platform that aggregates ICO review scores and more from the leading ICO critics to give users a singular, weighted Base Score that truly reflects how an ICO actually fares.
Basescore doesn't write its own reviews to stay unbiased, but rather they pull ICOs from other sources such as ICOBench.com, Cryptobriefing.com and FoundICO.com, to name a few. By using Basescore, you'll have easy access to a multitude of reviews on the same ICO so that you get different perspectives, plus you'll be able to figure out which review has been "sponsored" and which one has not.
Additionally, Basescore will average the scores provided by the review sites out of 100 so that users can see how spread apart the scores were from each review. By being transparent with all of this information, users can see the deviation from the ratings and be able to easily identify which ones are potentially scams, and which ones are not.
4) TokenMarket.net: Research Tool
A winner of the 2018 “Best ICO Advisor” award at the Cryptocurrency World Expo Berlin Summit, TokenMarket exemplifies one of the top ICO listings on the web. The website prioritizes listing legitimate ICOs, so it may not include all the upcoming ICOs contained in a user’s search. However, TokenMarket also focuses on providing broader experience for users than just an ICO listing.
TokenMarket’s ICO calendar presents a list of upcoming, active, and completed sales, enabling you to create alerts for ICOs that are about to open to ensure you can make a purchase. The website also features a useful knowledge base for investors of all expertise levels that contains basic articles about the crypto sector along with coverage for more advanced topics.
5) SmithandCrown.com: Research Tool
For those seeking a more curated look at token sales, despite a relatively smaller listing, Smith+Crown offer a well-selected list of ICOs (though the company clearly notes that these are not endorsements). The website’s first priority is its extensive collection of research articles on the crypto and blockchain sector, which sometimes includes reports on intriguing new projects.
In this sense, Smith+Crown’s listing of ICOs features somewhat less information than other websites reviewed here. The company does not feature reports for every one of the ICOs it lists, but it does offer deeper analyses of those it does. This is beneficial as it avoids listing frivolous information and lends more weight to the reports published.
ICO Reports feature a basic description of the project as well as a more detailed explanation of the application itself. The site also sometimes include thorough descriptions of the projects’ tokens and what their purpose will be in-app, lists of the companies’ teams, and a section for official resources.
We, at Basescore, still believe that while the ICO market has changed dramatically over the last year, it is still very much alive. With the recent introduction of Security Token Offerings (STO), it is only a matter of time before the market returns back to its former glory.
Information Provided By Basescore
We have built an ICO reviews platform called Basescore to help you stay on top of ICOs and tokens. We do things a little differently; we aggregate ICO review scores and more from the leading ICO critics to give users a singular, weighted Base Score that truly reflects how an ICO actually fares. Call us the "Metacritic of ICOs". We've aggregated over 7,000 ICO reviews under one roof. We're building the world's biggest ICO database to serve investors with truth and transparency, and we're making it happen right before your eyes. Learn more on Basescore today.
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