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. 2020 Nov 6;35(1):1–59. doi: 10.1007/s11408-020-00366-0

Table 4.

Contribution amount per address in Ethereum ICOs

Mean Median Min Max SD N
Minimum contribution (USD) 65.00 50.60 50.00 464.86 65.31 74
Maximum contribution (USDm) 3.23 1.05 0.00 37.11 6.10 74
Mean contribution (USD) 10,093.88 4355.20 809.42 128,301.83 17,516.03 74
Median contribution (USD) 1203.35 697.95 158.95 13,976.73 1965.85 74
SD of contribution (USD) 87,907.93 41,707.62 1524.86 1,025,779.56 153,958.89 74
Number of contributors 4698.91 2312.50 81.00 39,356.00 6672.74 98

The table displays summary statistics for the ICO contributions made per address on the Ethereum platform. US dollar amounts are calculated as the number of tokens transferred to the investor times the average price per token over the entire ICO, including the presale. We exclude ICOs for which we cannot identify with certainty from which Ethereum address the tokens have been initially distributed. Furthermore, transfers where the amount transferred is worth less than 50 USD or where the receiving address holds more than 10% of the total token supply are excluded. Contribution amounts are based on the average price over both presale and crowdsale only calculated for ICOs where the average prices for presale and crowdsale are less than 50% apart