This week, the whole crypto currency market experienced slight decline after the BTC ETF got rejected by SEC. Among top 5 crypto currencies, EOS experienced greatest loss of nearly 17%.
1. Market Overview
The past week’s daily average global market capitalization of cryptocurrency was $290.49 billion and the daily average transaction volume was $15.17 billion, indicating an incline of 8.26% and an incline of 8.26% respectively. The daily average market capitalization of the top five cryptocurrencies increased by 8.11% from the previous week. The increases in price of the top five cryptocurrencies was led by BTC, which experienced a price increase of 15.9%, and BCH experienced the greatest price increase by 16.08% in the past week.
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Of the top 10 cryptocurrencies that increased this week, most of the projects were of the vertical application sector. Speed Mining Service, a mining project, experienced the greatest increase in price by 162.29%.
|Ranking||Project||Token||Field||Brief description||Trading amount (per $10K)||Token price||Increase/7d|
|1||Speed Mining Service||SMS||Mining||The SMS project is a decentralized and diversified cryptocurrency mining business in Japan.||$173,837||$18.03||162.29%|
|2||Fox Trading||FOXT||Asset management||FOX is a trading platform for foreign exchange and cryptocurrency.||$201,018||$0.12||114.98%|
|3||WABnetwork||WAB||Payment||WAB enables secure transactions without the need for an intermediary.||$4,900,838||$0.00||63.64%|
|4||empowr coin||EMPR||Community token||Empowr’s mission is to connect people around the world to socialize and to create value together.||$123,064||$3.30||55.83%|
|DFT||Decentralized exchange||DigiFinex is an exchange that uses a “trading is mining” mechanism.||$3,183,197||$0.98||54.90%|
|6||Zclassic||ZCL||Cryptocurrency and payment||Zclassic is the first major branch of Zcash.||$1,740,149||$12.89||47.30%|
|7||Bezop||BEZ||E-commerce||Bezop is a solution that provides users with an e-commerce business.||$692,641||$0.10||45.41%|
|8||MSD||MSD||Payment||MSD is a cryptocurrency based on Ethereum that can be used to pay for retailers within the ecosystem.||$61,300||$0.01||42.92%|
|9||AMLT||AMLT||Network security||AMLT provides users with risk data related to cryptocurrency and establishes a secure environment.||$95,123||$0.02||39.83%|
|10||SRCOIN||SRCOIN||Medical insurance||SRCOIN is a massage chair provider with health data collection.||$1,162,080||$0.00||39.13%|
Data source：coinmarketcap；retrieved at 12:00 on July 27th, 2018
2. Analysis of Top 200 Market Cap Projects
According to August 3rd 12:00 p.m., the market capitalization of the top 200 projects decreased by 10.70% from last week. Based on the main categories of cryptocurrency and payment, basic chain and protocol, vertical chain and protocol, and vertical industrial application, the projects of the vertical chain and protocol sector decreased the most.
Through further classification of the vertical chain and protocol and the vertical industrial application sectors, it was found that the past week’s education projects were on obvious increases at a rate of 22.27%. Also, projects of the notary certification sector experienced an increase of 18.39%. On the other hand, IoT and AI projects experienced the greatest decreases with a rate of 26.68% and 27.23% respectively.
3. Analysis of Newly Listed Projects
There were 59 new projects in the market the past week (mainly of the cryptocurrency and payment vertical), 61.02% of which dropped below issued price within 24 hours of listing. Most of the newly issued tokens were listed on IDEX and IDAX.
Among the new projects, KWH experienced the greatest increase in price (of the energy sector), reaching an increase of 44.69% within 24 hours. VIVID experienced the greatest decrease in price (of the cryptocurrency and payment vertical), reaching a decrease of 22.40% within 24 hours.
Ratio of New Projects Based on Categories
Data source：Coinmarketcap.feixiaohao.OK Blockchain Capital analysis
Table of newly listed projects
|Project||Token||Field||Exchange Platform||Initial Listed Price（$）||Current Price（$）||24h Trading Volume||Price change (24h)||Listed Date|
|NIX||NIX||Basic chain and protocol||IDAX, Nanex||0.4472||0.228017||$229,840||-10.00%||Jul-28|
|Apollo Currency||APL||Basic chain and protocol||IDAX, Coinbene||0.001811||0.001555||$34,717||-4.52%||Jul-28|
|Bitcoin File||BIFI||Basic chain and protocol||Gate.io, Huobi||0.005290||0.005435||$110,331||-11.63%||Jul-28|
|Galaxy ESolutions||GES||E-commerce||Bancor Network||0.05076||0.005312||$2,557||-7.55%||Jul-30|
|PRASM||PSM||Medical insurance||IDAX, Coinbene, Cointiger||0.003812||0.003712||$17,137||-12.03%||Jul-30|
|BitKan||KAN||Content copyright||Huobi, OKEx.
|Condominium||CDM||Cryptocurrency and payment||CryptoBridge, Cryptopia||0.006374||0.006670||$46,087||17.92%||Jul-30|
|AceD||ACED||Cryptocurrency and payment||CoinExchange, CryptoBridge||0.1974||0.2513||$3,170||4.20%||Jul-30|
|Pigeoncoin||PGN||Community token||QBTC, CryptoBridge||0.000797||0.000781||$20,582||-5.33%||Jul-30|
|STASIS EURS||EURS||Stable coin||DSX, HitBTC||1.17||1.16||$15,358||-0.37%||Jul-30|
|HorusPay||HORUS||Human resources||DragonEX, BigONE||0.02028||0.023292||$78,943||14.52%||Jul-30|
|Coinsuper Ecosystem Network||CEN||Platform token||Coinsuper||–||–||–||–||Jul-30|
|VeThor Token||VTHO||Basic chain and protocol||LBank||0.03831||0.02672||$44,629||-10.26%||Jul-30|
|ATC Coin||ATCC||Cryptocurrency and payment||Trade Satoshi||0.08671||0.01198||$743,809||2.74%||Jul-31|
|DIPNET||DPN||Content copyright||HitBTC, IDAX, Fcoin||0.005041||0.004933||$323,115||-0.97%||Jul-31|
|Vexanium||VEX||E-commerce||Tokenomy, BTC-Alpha, Exrates||0.02933||0.03779||$3,492,561||-13.01%||Jul-31|
|Master Contract Token||MCT||Corporate services||Switcheo Network, Hotbit||0.009778||0.008836||$86,023||-7.84%||Jul-31|
|White Standard||WSD||Stable coin||Stellarport||1.02||0.9737||–||-0.39%||Jul-31|
|Niobio Cash||NBR||Cryptocurrency and payment||Crex24, TradeOgre||0.001775||0.002084||$830||2.63%||Jul-31|
|Purex||PUREX||Cryptocurrency and payment||CoinExchange||0.09172||0.12806||$4,721||24.20%||Jul-31|
|BitScreener Token||BITX||Asset management||IDEX, Hotbit||0.02241||0.01737||$856||-9.88%||Jul-31|
|PRiVCY||PRIV||Cryptocurrency and payment||BiteBTC||0.07194||0.06855||$13,156||–||Jul-31|
|Coinvest||COIN||Decentralized exchange||IDEX, HitBTC||0.2678||0.189779||$851||-9.09%||Jul-31|
|Luna Stars||LSTR||Social network||Coinrail, Coinhood||0.000617||0.00049||$105,745||-13.38%||Jul-31|
|Carlive Chain||IOV||E-commerce||Bit-Z, Fcoin||0.009847||0.008955||$237,824||-6.80%||Jul-31|
|Alchemint||SDT||Asset management||Switcheo Network||0.03617||0.037671||–||-3.59%||Jul-31|
|CanonChain||CZR||Basic chain and protocol||BCEX, Bibox||0.02953||0.026756||$221,171||-6.11%||Jul-31|
|Promotion Coin||PC||Advertising||HADAX, Bit-Z||0.000909||0.000811||$408,784||–||Aug-01|
|Brickblock||BBK||Asset management||BitMart, IDEX, Gate.io||0.04646||0.048166||$3,269||5.17%||Aug-01|
|Kalkulus||KLKS||Cryptocurrency and payment||Mercatox, CryptoBridge||0.06577||0.079915||$10,222||15.40%||Aug-01|
|Ethereum Monero||EXMR||Payment||EtherDelta, IDEX||0.02717||0.029753||$36,478||-2.47%||Aug-01|
|New Power Coin||NPW||Cryptocurrency and payment||Cryptopia, Stocks Exchange||1.82||1.80||$35,457||0.74%||Aug-01|
|Haracoin||HRC||Cryptocurrency and payment||CoinExchange||0.3994||0.401430||$12,868||0.53%||Aug-01|
|Vivid Coin||VIVID||Cryptocurrency and payment||CryptoBridge||0.1850||0.139359||$15,122||-22.40%||Aug-01|
|ZMINE||ZMN||Mining||BX Thailand, Trade Satoshi||0.05811||0.058146||$96,252||0.27%||Aug-01|
|Arionum||ARO||Cryptocurrency and payment||Mercatox||0.02509||0.023879||$29,885||-8.08%||Aug-01|
|YOU COIN||YOU||Basic chain and protocol||OKEx||0.02780||0.025732||$467,838||-7.23%||Aug-01|
|Six Domain Chain||SDA||IoT||Rfinex, OKEx, CoinTiger||0.01820||0.017843||$3,228,340||-0.87%||Aug-01|
|BitcoiNote||BTCN||Cryptocurrency and payment||Crex24, Stocks Exchange||0.004228||0.004228||$2,382||–||Aug-02|
|Yuan Chain Coin||YCC||Corporate services||HADAX, HitBTC, Hotbit||0.02024||0.020183||$516,728||–||Aug-02|
|ZelCash||ZEL||Cryptocurrency and payment||TradeOgre Trade Satoshi, Stocks.Exchange||0.02649||0.026459||$3,000||–||Aug-02|
|ACRE||ACRE||Cryptocurrency and payment||CryptoBridge||0.6222||0.621467||$59,522||–||Aug-02|
|Semux||SEM||Basic chain and protocol||Stocks Exchange||0.5743||0.573633||$3,243||–||Aug-02|
|Intermational Crypto X||INCX||Decentralized exchange||CoinBene, Hotbit||0.008890||0.008860||$249,257||–||Aug-02|
Data source：Coinmarketcap, Feixiaohao
4. Analysis of Closed Public Sales Projects
There have been 71 closed public-sale projects this past week, with the soft cap totaling nearly 226 million USD. Among these projects, projects of the finance vertical received most funding, exceeding over 60 million USD.
Table of closed public sales projects（July 28th – August 3rd）
|AISI Coin||AISI||Asset management||ETH||7,040,000 USD|
|Ponics Technologies||POT||Agriculture||ETH||9,250,000 USD|
|The Sun Exchange||SUNEX||Energy||ETH||25,000,000 USD|
|Innovative Bioresearch||INNBC||Medical insurance||ETH||–|
|Ekspa||EKSPA||Corporate services||ETH||400,000 USD|
|Secure Donation Token||XSD||Charity||ETH||500 ETH|
|Baanx.com||BAANX||Asset management||ETH||1,000,000 USD|
|Alt.Estate||ALT||Asset management||ETH||1,000,000 USD|
|AVINOC||AVINOC||Data services||ETH||8,000,000 USD|
|Chubex||CBX Token||Decentralized exchange||ETH||–|
|IMDEX||IMDX||Decentralized exchange||ETH||2,000 ETH|
|Vikky||VIL||Human resources||ETH||5,000 ETH|
|OKMCoin||OKMC||Corporate services||ETH||5,500,000 USD|
|BeeMedics||BMC||Medical insurance||Waves||700,000 USD|
|Evident Proof||EPT||Data services||ETH||–|
|Union||UNI TOKEN||Asset management||ETH||–|
|MaxData||MXD||Data services||ETH||5,000,000 USD|
|Saturn Network||SATURN||Basic chain and protocol||ETH||1,675 ETH|
|Property Coin||PCX||Asset management||ETH||–|
|Nimbus Token||NIM||Asset management||ETH||8,050,000 USD|
|Rego||REGO||Asset management||ETH||5,000 ETH|
|BitForex||BF||Decentralized exchange||ETH||30,000 ETH|
|Dacxi||DAC||Community token||ETH||3,000,000 USD|
|Double Land||DLC Token||Game||ETH||8,000 ETH|
|DEEP AERO||DRONE||Transportation||ETH||10,000 ETH|
|Viola.AI||VAI||Social network||ETH||1,000,000 USD|
|Asura Coin||ASA||Gambling||ETH||2,500,000 USD|
|CGCX||CGX||Decentralized exchange||ETH||5,000,000 USD|
|STAY||STAY||Asset management||ETH||5,000 ETH|
|ETH Travel||ETHTT||Tourism||ETH||10,000 ETH|
|WallChain||WALL||Cryptocurrency and payment||ETH||3,000,000 USD|
|Yodse||YODSE||Corporate services||ETH||7,000,000 USD|
|BuddToken||BUDD||Community token||ETH||10,000,000 USD|
|Talao||TALAO||Data services||ETH||5,000 ETH|
|Coinet||COT||Asset management||Stellar||200,000 USD|
|Omeno||OME||Asset management||ETH||1,000,000 USD|
Main data sources： Icobench. Foundico. smith and crown.icodata. icodrops.coinschedule.icoadvert
Secondary data sources：Project websites
5. Important News on Global Governmental Policies this Past Week
6. Keeping Up with the Blockchain Giants
7. Hot Topic of the Week：OKEx General Conference
On July 5th, 2018, FCoin released the “Announcement on FCoin Main Board Brand Upgrade and the Start of Tokenization Experimental Zone”, and proposed the plan for the Tokenization Experimental Zone. On July 23rd, Bizkey, the first project to participate in the FCoin Tokenization Experimental Zone, held a public Q&A meeting.
1.What is Tokenization?
“Tokenization” means to convert traditional enterprises‘ assets into liquid assets that can be issued and applied with. Tokenization is mainly for internet companies with mature products, industry chains and traditional companies. This process restructures their businesses according to the ideas and models of tokenomics. The issuance and application of tokens changes how interests and profits are distributed, and also encourages all parties involved to participate in the system more.
Before the concept of tokenization was formally introduced, many blockchain companies had promoted good projects to embrace and apply tokenomics. In addition to the internet giants “BAT”’s blockchain development exploration, few established Internet companies have tried to integrate tokenomics into their systems,
- OK Blockchain Capital proposes that it will apply the resources and technology it has to help excellent teams to complete and tokenize their projects.
- In December 2017, in the case of declining revenue and decreasing performance, the content community Tianya released its blockchain token “Tianya Token” and Tianya Diamond. Tianya is used to complete various payment and transactions in the community. Users can get Tianya tokens through community contributions. Tianya tokens can be transferred to Ethereum. Tianya diamond is a community privileged item that rewards users with Tianya tokens every day.
- In January 2018, Renren Company released the RRCoin whitepaper and launched the RRCoin that is based on the Ethereum network to improve social network incentives and consumer behaviors.
3.The First Tokenization Experimental Zone Project——Bizkey
As of last Thursday, “Tokenization Experimental Zone” announced only one registered company, Bizkey – the smart POS machine project. In the Bizkey ecosystem, there are two types of tokenization, BZK and Time. BZK is for the merchant side, which represents the value of transaction data and uses the “trading is mining” mechanism which will be circulated in the exchange. Time is for the user side, which is equivalent to tokenized points. Users receive points through consumerism, and accumulated points can be used for special privileges. Bizkey uses the incentives of tokenomics to enable merchants and intermediaries to obtain tokens through the “trading is mining” mechanism and to promote their smart POS machines.
4.Which companies are involved in the Tokenization Experimental Zone?
According to public information, the types of companies that have registered for Fcoin’s Tokenization Experimental Zone can be summarized as follows:
- Companies with problems in their supply chain, industrial chain relationship, and user and community management. These problems cannot be resolved by traditional models, and therefore hope to use blockchain technology and tokenomics to transform its businesses.
- Projects that naturally collect data and require data management, reward point incentives and other related requirements, are in line with the transformation of tokenomics.
- Projects that are facing difficulties in terms of its finances and hope to receive new funding.
5.Difficulties in carrying out Tokenization
- The design of the tokenomics model changes the distribution of interests, profits, and/or benefits. If an equity-based company proceeds with tokenization, it may damage the interests of the current shareholders of the company due to the design of the tokenomics model.
- The infrastructure and technology development of the blockchain industry is still lacking. The calculation speed, transaction speed and storage capacity are not powerful enough to support large-scale applications.
- Tokenized securities may run into legal compliance issues.
Table Upcoming Crowdfunding Projects（August 4th – August 10th）
|Project||Token||Public offering launch date||Public offering close date||Field||Token Quantity||Public offering percentage*||Hard cap|
|LeadRex||LDX||2018/8/4||2018/11/9||Corporate services||137,000,000||80%||10,700 ETH|
|ACA Network||ACA||2018/8/4||2018/9/30||Advertising||2,000,000,000||50%||100,000,000 ACA|
|Asset Allocation Token||AAT||2018/8/4||2018/9/4||Asset management||45,000,000||60%||27,000,000 USD|
|Lunch Money||LMY||2018/8/5||2018/9/5||Consumerism||250,000,000||16%||40,000,000 LMY|
|Avatar Network||ATT||2018/8/5||2018/9/5||Digital identity||6,000,000,000||20%||12,000 ETH|
|REOS||REOS||2018/8/6||2018/9/20||Content copyright||10,000,000,000||50%||45,000 ETH|
|MedChain||MDX||2018/8/6||2018/9/5||Data services||71,180,000||49%||15,000,000 USD|
|Sleecoin||SLEE||2018/8/6||2018/11/25||Real estate||200,000,000||50%||100,000,000 SLEE|
|LooksCoin||LOOK||2018/8/6||2018/8/30||Content copyright||1,000,000,000||50%||30,000,000 USD|
|idap.io||IDAP||2018/8/7||2018/10/15||Asset management||1,000,000,000||75%||750,000,000 IDAP|
|ELPIS||ELP||2018/8/7||2018/9/15||Asset management||250,000,000||78%||10,000,000 USD|
|Alive Casino||AL||2018/8/7||2018/12/1||Gambling||–||–||30,000,000 USD|
|DeFund Project||XDF||2018/8/7||2018/9/6||Asset management||500,000,000||90%||11,097 ETH|
|Usechain||UST||2018/8/8||2018/8/8||Digital identity||20,000,000,000||45%||4,500 BTC|
|Box2Table||B2C||2018/8/8||2018/10/8||Corporate services||500,000,000||76%||41,000,000 USD|
|Contractium.io||CTU||2018/8/8||2018/11/11||Corporate services||3,000,000,000||50%||10,000,000 USD|
|Dizcovery Network||DIZ||2018/8/8||2018/8/31||Content copyright||1,000,000,000||60%||20,000,000 USD|
|TycoonCoin||TTC||2018/8/9||2018/8/31||Cryptocurrency and payment||–||90%||17,131,333 USD|
*The ratio between public offering Token quantity and the total Token quantity of the project.
Main data sources Icobench, Foundico, smith and crown, icodata, icodrops, coinschedule, icoadvert
Supporting data source: websites of the projects