Table 9.
Sample constituents
| Name | Date ended | Total raised | Industry | Inv sample | Name | Date ended | Total raised | Industry | Inv. sample |
|---|---|---|---|---|---|---|---|---|---|
| Filecoin | 9.7.17 | 233.0 | Data storage | No | Basic Attention Token | 5.31.17 | 36.0 | Commerce and advertising | No |
| Tezos | 7.14.17 | 219.7 | Blockchain Infra. | No | hero token | 2.28.18 | 35.9 | Finance | No |
| Hdac | 12.22.17 | 210.2 | Blockchain Infra. | No | Centra | 10.2.17 | 35.6 | Payments | No |
| Bancor | 6.12.17 | 159.3 | Trading and exchanges | Yes | Aeternity | 6.9.17 | 35.0 | Blockchain Infra. | Yes |
| SIRIN LABS | 12.25.17 | 157.9 | Communications | Yes | Enjin Coin | 10.31.17 | 34.8 | Video games and VR | Yes |
| Polkadot | 10.27.17 | 144.3 | Blockchain Infra. | No | CRYPTO20 | 11.30.17 | 34.8 | Finance | No |
| TenX | 6.24.17 | 104.8 | Payments | No | TokenPay | 12.26.17 | 34.2 | Payments | No |
| Status | 6.21.17 | 101.0 | Blockchain Infra. | Yes | Etherparty | 10.29.17 | 33.6 | Blockchain Infra. | Yes |
| Envion | 1.14.18 | 100.0 | Crypto mining | No | SingularityNET | 12.22.17 | 33.3 | Data analytics | Yes |
| Kik | 9.26.17 | 98.5 | Blockchain Infra. | Yes | Jibrel Network | 12.27.17 | 33.2 | Finance | No |
| Grid+ | 11.11.17 | 74.7 | Energy and utilities | Yes | Civic | 6.28.17 | 33.0 | Identity and reputation | No |
| Bankex | 12.26.17 | 74.3 | Finance | No | Raiden Network Token | 11.1.17 | 31.9 | Payments | No |
| WAX | 11.29.17 | 68.4 | Video games and VR | No | Polybius | 7.5.17 | 31.0 | Finance | No |
| NAGA | 12.15.17 | 65.0 | Payments | Yes | Storiqa | 1.29.18 | 30.2 | Commerce and advertising | Yes |
| Kyber Network | 9.18.17 | 58.7 | Trading and exchanges | Yes | Stox | 8.3.17 | 30.0 | Gambling | Yes |
| Blockstack | 12.1.17 | 56.8 | Privacy and security | No | Blackmoon Crypto | 9.13.17 | 30.0 | Finance | No |
| Storm | 12.7.17 | 56.2 | Video games and VR | No | Restart Energy | 3.14.18 | 30.0 | Energy and utilities | Yes |
| Ambrosus | 10.20.17 | 56.1 | Provenance and notary | No | DADI | 2.28.18 | 29.0 | Cloud computing | No |
| Neuromation | 1.7.18 | 56.0 | Data analytics | Yes | ETHLend | 12.27.17 | 28.7 | Finance | No |
| indaHash | 12.20.17 | 55.7 | Social networks | No | Monetha | 9.30.17 | 28.6 | Payments | Yes |
| Crypterium | 1.5.18 | 55.3 | Payments | Yes | Electrify.Asia | 3.2.18 | 27.3 | Marketplaces | Yes |
| MobileGo | 5.24.17 | 53.1 | Video games and VR | No | Spectre | 12.10.17 | 27.0 | Trading and exchanges | No |
| TraDove | 2.28.18 | 52.0 | Social networks | No | OmiseGO | 6.27.17 | 26.8 | Payments | No |
| Pundi X | 1.21.18 | 49.4 | Payments | Yes | Monaco | 6.18.17 | 26.5 | Payments | Yes |
| Unikoin Gold | 10.22.17 | 48.3 | Gambling | No | Power Ledger | 10.6.17 | 26.4 | Energy and utilities | No |
| SONM | 6.17.17 | 46.7 | Blockchain Infra. | Yes | Everex | 8.31.17 | 26.4 | Finance | Yes |
| Enigma | 9.12.17 | 45.0 | Marketplaces | No | FunFair | 6.23.17 | 26.0 | Gambling | Yes |
| Bread | 12.24.17 | 44.0 | Payments | Yes | Decentraland | 8.17.17 | 26.0 | Video games and VR | |
| Trade Token | 1.7.18 | 42.5 | Trading and exchanges | No | BitClave | 12.29.17 | 25.7 | Search | Yes |
| Electroneum | 10.19.17 | 41.5 | Blockchain Infra. | No | Neumark | 12.17.17 | 25.7 | Finance | No |
| Finom | 12.30.17 | 41.3 | Finance | No | 0x | 8.16.17 | 25.5 | Trading and exchanges | No |
| Bloom | 1.1.18 | 40.0 | Finance | No | Tierion | 7.28.17 | 25.4 | Privacy and security | No |
| Mobius | 1.18.18 | 39.0 | Communications | No | Aragon | 5.17.17 | 25.0 | Blockchain Infra. | No |
| Ripio Credit Network | 11.10.17 | 37.8 | Finance | No | Target Coin | 8.31.17 | 24.9 | Finance | No |
| Medicalchain | 2.28.18 | 24.0 | Drugs and healthcare | Yes | Waves | 5.31.16 | 15.8 | Blockchain Infra. | No |
| SophiaTX | 12.17.17 | 23.5 | Blockchain Infra. | Yes | Qtum | 3.21.17 | 15.4 | Blockchain Infra. | No |
| FinShi | 10.6.17 | 23.0 | Finance | No | Maecenas | 10.7.17 | 15.4 | Art and music | Yes |
| Pillar | 7.17.17 | 22.8 | Payments | Yes | Santiment Network Token | 7.5.17 | 15.3 | Trading and exchanges | No |
| BitDegree | 12.29.17 | 22.5 | Education | Yes | COPYTRACK | 2.9.18 | 15.1 | Privacy and security | Yes |
| BLOCKv | 10.25.17 | 22.1 | Blockchain Infra. | No | Ignis | 11.4.17 | 15.0 | Blockchain Infra. | No |
| KICKICO | 9.16.17 | 22.1 | Finance | Yes | AirToken | 10.7.17 | 15.0 | Finance | No |
| Simple Token | 12.1.17 | 21.8 | Commerce and advertising | No | Adhive | 2.28.18 | 15.0 | Commerce and advertising | No |
| Selfkey | 1.14.18 | 21.7 | Identity and reputation | Yes | Dynamic Trading Rights | 12.6.17 | 15.0 | Trading and exchanges | No |
| UTRUST | 11.20.17 | 21.4 | Payments | Yes | Red Pulse | 10.8.17 | 14.9 | Finance | No |
| Debitum Network | 2.26.18 | 20.9 | Finance | Yes | Cofound.it | 6.7.17 | 14.6 | Finance | Yes |
| Gladius | 2.12.18 | 20.8 | Privacy and security | No | Modum | 9.22.17 | 14.6 | Drugs and healthcare | Yes |
| QLINK | 1.19.18 | 20.6 | Communications | No | OAX | 7.4.17 | 14.4 | Trading and exchanges | Yes |
| Aventus | 9.6.17 | 20.0 | Events and entertainment | Yes | HelloGold | 10.5.17 | 14.3 | Finance | No |
| Dock.io | 2.21.18 | 20.0 | Marketplaces | Yes | AdEx | 6.30.17 | 14.2 | Commerce and advertising | No |
| aXpire | 1.12.18 | 20.0 | Finance | No | DIMCOIN | 8.28.17 | 14.0 | Trading and exchanges | No |
| Covesting | 12.31.17 | 19.9 | Finance | Yes | Substratum | 9.14.17 | 13.8 | Blockchain Infra. | No |
| TE-FOOD | 2.22.18 | 19.1 | Provenance and notary | Yes | MicroMoney | 11.18.17 | 13.5 | Finance | No |
| DMarket | 11.28.17 | 19.0 | Video games and VR | Yes | DEEX | 2.28.18 | 12.9 | Trading and exchanges | No |
| Uptoken | 12.15.17 | 18.9 | Payments | Yes | TokenCard | 5.2.17 | 12.7 | Payments | Yes |
| FintruX Network | 2.28.18 | 18.9 | Finance | No | ETCWin | 11.6.17 | 12.4 | Blockchain Infra. | No |
| OriginTrail | 1.17.18 | 18.5 | Provenance and notary | Yes | Qbao | 11.20.17 | 12.4 | Social networks | No |
| Lympo | 2.28.18 | 18.2 | Health | Yes | Science Blockchain | 11.22.17 | 12.3 | Finance | No |
| Insights Network | 2.14.18 | 18.1 | Data analytics | Yes | NapoleonX | 2.28.18 | 12.3 | Finance | Yes |
| Cosmos | 4.6.17 | 18.1 | Blockchain Infra. | No | Gnosis | 4.22.17 | 12.1 | Data analytics | No |
| Uquid Coin | 11.7.17 | 17.8 | Payments | No | Bitbounce | 8.29.17 | 11.8 | Communications | No |
| Cryptopay | 10.30.17 | 17.5 | Payments | No | WaBi | 1.28.18 | 11.8 | Provenance and notary | Yes |
| InsurePal | 1.16.18 | 17.4 | Insurance | No | iExec RLC | 4.19.17 | 11.7 | Cloud computing | Yes |
| BOScoin | 5.10.17 | 17.4 | Blockchain Infra. | No | REAL | 9.30.17 | 11.2 | Real estate | Yes |
| Mysterium | 5.30.17 | 17.3 | Privacy and security | No | Po.et | 8.8.17 | 11.0 | Content mgmt. | No |
| Latium | 1.18.18 | 17.2 | Marketplaces | No | Wagerr | 6.21.17 | 10.8 | Gambling | No |
| MCAP | 5.27.17 | 17.1 | Finance | No | spectiv | 12.29.17 | 10.7 | Commerce and advertising | No |
| Change | 10.16.17 | 17.0 | Finance | Yes | Iconomi | 9.26.16 | 10.7 | Finance | Yes |
| Cindicator | 10.12.17 | 16.9 | Finance | Yes | Patientory | 6.28.17 | 10.7 | Drugs and healthcare | Yes |
| Rivetz | 9.10.17 | 16.9 | Privacy and security | No | Mercury Protocol | 11.24.17 | 10.5 | Communications | Yes |
| SmartMesh | 12.3.17 | 16.8 | Communications | Yes | Devery | 1.19.18 | 10.4 | Privacy and security | Yes |
| AppCoins | 12.20.17 | 16.7 | Marketplaces | Yes | ZrCoin | 6.9.17 | 10.4 | Commodities | No |
| Bluzelle | 1.20.18 | 16.3 | Data analytics | No | adbank | 1.6.18 | 10.4 | Commerce and advertising | No |
| AidCoin | 1.16.18 | 16.2 | Charity | Yes | XPA | 8.30.17 | 10.0 | Events and entertainment | No |
| Arbidex | 2.28.18 | 16.0 | Trading and exchanges | Yes | Blockchain Capital | 5.10.17 | 10.0 | Finance | No |
| Gatcoin | 1.14.18 | 16.0 | Commerce and advertising | No | doc.ai | 10.12.17 | 10.0 | Drugs and healthcare | No |
| district0x | 8.1.17 | 9.8 | Marketplaces | No | DCORP | 6.29.17 | 5.1 | Finance | No |
| Rialto | 7.4.17 | 9.7 | Trading and exchanges | Yes | SportyCo | 12.10.17 | 5.1 | Finance | Yes |
| B2BX | 11.17.17 | 9.5 | Trading and exchanges | Yes | WeTrust | 4.12.17 | 5.0 | Finance | Yes |
| TIES Network | 10.18.17 | 9.2 | Social networks | Yes | Flixxo | 11.23.17 | 4.7 | Content mgmt. | Yes |
| Indorse | 9.7.17 | 9.2 | Social networks | No | Sharpe Capital | 2.5.18 | 4.2 | Finance | Yes |
| Starbase | 11.24.17 | 9.0 | Finance | No | DECENT | 11.6.16 | 4.2 | Content mgmt. | No |
| BitDice | 9.15.17 | 8.7 | Gambling | Yes | Starta | 7.5.17 | 4.1 | Finance | No |
| CarTaxi Token | 10.31.17 | 8.7 | Marketplaces | No | Hacken | 11.30.17 | 4.1 | Privacy and security | No |
| EBCoin | 2.13.18 | 8.5 | Tourism | No | MiniApps | 12.19.17 | 3.9 | Blockchain Infra. | Yes |
| Inspeer | 2.5.18 | 8.5 | Finance | No | Aigang | 12.15.17 | 3.9 | Insurance | No |
| Tomocoin | 3.1.18 | 8.4 | Blockchain Infra. | Yes | ALIS | 9.29.17 | 3.8 | Social networks | No |
| Golem | 11.13.16 | 8.3 | Cloud computing | Yes | Suretly | 8.11.17 | 3.5 | Finance | No |
| IP Exchange | 3.5.18 | 8.1 | Marketplaces | Yes | Lunyr | 4.28.17 | 3.4 | Content mgmt. | Yes |
| Primalbase Token | 7.26.17 | 7.9 | Real estate | No | Divi | 11.25.17 | 3.3 | Payments | No |
| GUTS | 12.13.17 | 7.7 | Events and entertainment | Yes | Humaniq | 4.26.17 | 3.2 | Finance | No |
| NVO | 6.27.17 | 7.6 | Trading and exchanges | No | SRG | 1.15.18 | 3.2 | Commerce and advertising | No |
| iXledger | 7.13.17 | 7.6 | Finance | Yes | Proof Suite | 12.1.17 | 3.1 | Finance | No |
| CrowdWiz | 1.31.18 | 7.2 | Finance | No | Kibo Lotto | 11.9.16 | 3.1 | Gambling | No |
| Peerplays | 5.14.17 | 7.2 | Gambling | No | Mirocana | 12.19.17 | 3.0 | Finance | No |
| TaaS | 4.27.17 | 7.2 | Trading and exchanges | No | Ethereum Movie Venture | 5.15.17 | 3.0 | Events and entertainment | Yes |
| Aditus | 12.20.17 | 7.1 | Commerce and advertising | Yes | Privatix | 11.16.17 | 2.9 | Communications | Yes |
| BlockCAT | 8.18.17 | 7.0 | Payments | No | Melonport | 2.15.17 | 2.9 | Finance | No |
| Blocktix | 7.28.17 | 7.0 | Events and entertainment | Yes | SkinCoin | 7.21.17 | 2.8 | Video games and VR | Yes |
| ATLANT | 10.31.17 | 7.0 | Real estate | Yes | Lykke | 10.10.16 | 2.8 | Trading and exchanges | No |
| Datum | 11.29.17 | 6.8 | Commerce and advertising | Yes | CryptoPing | 6.25.17 | 2.6 | Trading and exchanges | No |
| Hubii Network | 9.8.17 | 6.6 | Content mgmt. | No | Genie | 2.28.18 | 2.5 | Finance | No |
| Oxycoin | 10.1.17 | 6.3 | Finance | No | Sola | 12.25.17 | 2.2 | Social networks | No |
| Lisk | 3.21.16 | 6.3 | Blockchain Infra. | No | Bounty0x | 12.16.17 | 1.9 | Search | No |
| Opus | 8.24.17 | 5.8 | Content mgmt. | Yes | vSlice | 12.12.16 | 1.8 | Gambling | No |
| Sociall | 9.15.17 | 5.7 | Social networks | No | Wings | 1.6.17 | 1.8 | Finance | No |
| Matchpool | 4.4.17 | 5.6 | Social networks | No | SunContract | 7.25.17 | 1.8 | Energy and utilities | Yes |
| DigixDAO | 3.30.16 | 5.5 | Finance | No | Blockpool | 6.30.17 | 1.8 | Blockchain Infra. | No |
| FirstBlood | 9.26.16 | 5.5 | Video games and VR | No | Smart Investment Fund Token | 9.15.17 | 1.7 | Finance | Yes |
| Synereo | 10.18.16 | 5.4 | Social networks | No | FundYourselfNow | 7.31.17 | 1.6 | Finance | No |
| Chronobank | 2.14.17 | 5.4 | Marketplaces | Yes | FidentiaX | 12.6.17 | 1.6 | Insurance | Yes |
| TrueFlip | 7.27.17 | 5.4 | Gambling | No | Incent | 11.30.16 | 1.4 | Commerce and advertising | No |
| Musiconomi | 9.28.17 | 5.3 | Content mgmt. | Yes | Ethbits | 5.13.17 | 1.3 | Trading and exchanges | Yes |
| Exscudo | 5.31.17 | 5.3 | Payments | No | Databits | 2.28.17 | 1.1 | Video games and VR | No |
| Betmaster | 12.31.17 | 5.2 | Gambling | No | Adelphoi | 5.31.17 | 1.0 | Finance | No |
| EncrypGen | 7.18.17 | n/a | Drugs and healthcare | No | Time New Bank | 11.24.17 | n/a | Finance | No |
| Playkey | 11.30.17 | n/a | Video games and VR | No | Chronologic | 9.4.17 | n/a | Blockchain Infra. | No |
| Protos | 12.15.17 | n/a | Content mgmt. | No | Giga Watt Token | 7.31.17 | n/a | Crypto mining | No |
| Matryx | 11.20.17 | n/a | Video games and VR | No | Sphre AIR | 6.30.17 | n/a | Identity and reputation | No |
| Dovu | 10.17.17 | n/a | Marketplaces | Yes | Nitro | 12.26.17 | n/a | Video games and VR | No |
| Vezt | 12.3.17 | n/a | Art and music | No | Block Array | 1.8.18 | n/a | Data analytics | Yes |
| Loopring | 8.16.17 | n/a | Trading and exchanges | No | SingularDTV | 10.29.16 | n/a | Events and entertainment | No |
| MyBit Token | 8.26.17 | n/a | Finance | No | CyberMiles | 12.3.17 | n/a | Commerce and advertising | No |
| Propy | 9.15.17 | n/a | Real estate | No | Agrello | 8.17.17 | n/a | Legal | No |
| Fusion | 2.10.18 | n/a | Finance | Yes | LATOKEN | 10.10.17 | n/a | Finance | No |
| Viberate | 9.3.17 | n/a | Art and music | Yes | EncryptoTel | 5.11.17 | n/a | Communications | No |
| ChainLink | 9.19.17 | n/a | Blockchain Infra. | No | MediBloc | 12.15.17 | n/a | Drugs and healthcare | No |
| Pally | 12.13.17 | n/a | Tourism | No | ICOS | 9.15.17 | n/a | Finance | No |
| Clout | 12.17.17 | n/a | Media | No | SwissBorg | 1.10.18 | n/a | Finance | No |
| Rentberry | 2.28.18 | n/a | Real estate | No | DomRaider | 10.9.17 | n/a | Payments | No |
| AirSwap | 10.10.17 | n/a | Trading and exchanges | No | Storj | 6.7.17 | n/a | Data storage | Yes |
| Request Network | 10.15.17 | n/a | Payments | No | LOCIcoin | 12.31.17 | n/a | Search | No |
| Veritaseum | 5.26.17 | n/a | Finance | No | Hive | 7.31.17 | n/a | Finance | No |
| Cashaa | 12.6.17 | n/a | Finance | No | Lamden | 1.4.18 | n/a | Blockchain Infra. | No |
| CanYa | 12.27.17 | n/a | Marketplaces | No | ZenGold | 5.26.17 | n/a | Commodities | No |
| CoinDash | 7.17.17 | n/a | Trading and exchanges | No | InvestFeed | 8.7.17 | n/a | Trading and exchanges | No |
| Telcoin | 12.30.17 | n/a | Payments | No | ATBCoin | 7.12.17 | n/a | Payments | No |
| Cobinhood | 10.22.17 | n/a | Trading and exchanges | No | Tokenbox | 11.28.17 | n/a | Finance | No |
| Mothership | 7.28.17 | n/a | Trading and exchanges | Yes | LeadCoin | 3.1.18 | n/a | Commerce and advertising | No |
| Nimiq | 7.28.17 | n/a | Blockchain Infra. | No | DreamTeam | 12.14.17 | n/a | Video games and VR | No |
| Achain | 7.7.17 | n/a | Blockchain Infra. | No | Publica | 12.1.17 | n/a | Content mgmt. | No |
| Komodo | 11.20.16 | n/a | Blockchain Infra. | No | Genaro Network | 11.30.17 | n/a | Blockchain Infra. | No |
| Seratio Project | 10.31.17 | n/a | Charity | No | Aeron | 10.30.17 | n/a | Tourism | No |
| CoinStarter | 2.17.18 | n/a | Finance | No | Ecobit | 6.15.17 | n/a | Agriculture | No |
| QASH | 11.8.17 | n/a | Finance | No | Sphre AIR | 6.30.17 | n/a | Identity and reputation | No |
| Gameflip | 1.29.18 | n/a | Video games and VR | No | Nitro | 12.26.17 | n/a | Video games and VR | No |
| Corion Platform | 8.27.17 | n/a | Blockchain Infra. | No | Block Array | 1.8.18 | n/a | Data analytics | Yes |
| Universa | 12.8.17 | n/a | Blockchain Infra. | No | SingularDTV | 10.29.16 | n/a | Events and entertainment | No |
| Moria | 2.25.18 | n/a | Commodities | No | CyberMiles | 12.3.17 | n/a | Commerce and advertising | No |
| Chaintrade | 12.16.17 | n/a | Commodities | No | Agrello | 8.17.17 | n/a | Legal | No |
| Leverj | 12.6.17 | n/a | Trading and exchanges | No | LATOKEN | 10.10.17 | n/a | Finance | No |
| DAO.Casino | 7.21.17 | n/a | Gambling | No | EncryptoTel | 5.11.17 | n/a | Communications | No |
| Bitquence | 7.16.17 | n/a | Finance | No | MediBloc | 12.15.17 | n/a | Drugs and healthcare | No |
| HADE | 1.26.18 | n/a | Data analytics | No | ICOS | 9.15.17 | n/a | Finance | No |
| Banca | 2.26.18 | n/a | Marketplaces | No | SwissBorg | 1.10.18 | n/a | Finance | No |
| Iungo | 1.31.18 | n/a | Communications | No | DomRaider | 10.9.17 | n/a | Payments | No |
| adToken | 6.26.17 | n/a | Commerce and advertising | No | Storj | 6.7.17 | n/a | Data storage | Yes |
| CommerceBlock | 12.19.17 | n/a | Finance | No | LOCIcoin | 12.31.17 | n/a | Search | No |
| Paragon | 10.15.17 | n/a | Real estate | No | Hive | 7.31.17 | n/a | Finance | No |
| REALT | 10.31.17 | n/a | Commerce and advertising | No | Lamden | 1.4.18 | n/a | Blockchain Infra. | No |
| Gifto | 12.14.17 | n/a | Payments | Yes | ZenGold | 5.26.17 | n/a | Commodities | No |
| bitJob | 10.12.17 | n/a | Marketplaces | No | bitJob | 10.12.17 | n/a | Marketplaces | No |
| Crederoom | 11.13.17 | n/a | Finance | No | InvestFeed | 8.7.17 | n/a | Trading and exchanges | No |
| iDice | 6.26.17 | n/a | Gambling | No | ATBCoin | 7.12.17 | n/a | Payments | No |
The table lists all 306 ICOs in the sample, ordered by the amount raised, in descending order. The total amount raised is specified in millions of US dollars. Where the total is listed as n/a, secondary sources indicated a total exceeding $1 m but we were unable to establish the exact amount raised in the presale and/or crowdsale using primary sources. The end date is specified in the format month/day/year. The column Inv. sample indicates which of the ICOs are part of the “investor sample”