Thank you to all who responded to last month’s token sale survey. We were extremely pleased to have so many of you shared your thoughts and opinions. The input we get from our readers is invaluable as we strive to improve our research practices and provide the community with the best possible, objective resource about blockchain markets.
State of the token sale market
2017 has been a huge year for token sales. In 2017, the number of token sales concluding each week has almost doubled–jumping from an average of 1.5 sales a week in 2016 to 2.75 sales per week for the first four months of 2017. As the most recent Smith + Crown data reveals, not only is the pace of token sales increasing, the amount of capital flowing into them is increasing as well.
Our goal is to provide the most comprehensive possible resource about token sales. Recently we have encountered two challenges in covering the token sale market.
Project vetting: The lack of formal standards for operating token sales creates an incredible opportunity for innovators looking to fund their ideas and build a community. However, it also creates an opportunity for strategic marketers to sell vaporware at inflated prices, inexperienced teams to make promises they can’t realistically keep, and outright scammers to try the next scheme. Research: breadth v depth: We are always fine tuning how to produce high-level project summaries that are timely and informative along side in-depth analysis and research.
We wanted to reach out to get the community’s input on these issues. The results we obtained were revealing and actionable.
61 percent of respondents thought that the token sale dashboard should contain almost every token sale and that we should only do