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Upcoming ICOs

26Upcoming ICOs 0Ongoing ICOs 177Past ICOs
Description
Period
Raising funds
Risks
Score
Links
Orchid Protocol
Orchid Protocol - TOR-like network with the tokenized financial incentive
Start
TBA
End
TBA
$ 40 800 000
Market
Product
Team
Model
Finance
Market

- The idea is technically hard and may face up to obstacles in implementation for global Internet

Product

- non-public development and there is no way to track the progress

Team
N/A
Model
N/A
Finance

- too much funds attracted (also, gossips indicate even more funds contributed, up to 130 M USD)

4.2
High
Keep Network
Keep Network - off-chain protocol of private data storage
Start
TBA
End
TBA
$ 30 000 000
Market
Product
Team
Model
Finance
Market

- Strong competitors

Product

- Untransparent activity, so that it is hard to track the progress of the development

Team
N/A
Model

- Clients may pay for storage with ETH, so the native token may be useless

Finance

- Too much funds raising, according to gossips

- Unpublic way of raising funds

3.8
Medium
JPM
JPM - stablecoin from J.P. Morgan
Start
TBA
End
TBA
N/A
Market
Product
Team
Model
Finance
Market

- Competition with Ripple

Product

- Highly centralized blockchain product

Team

- The team of executives with no details on developers (or colsultants)

Model

- Fiat backed is reserved on the J.P. Morgan accounts 

Finance
N/A
4.4
High
Saga
Saga - stablecoin backed by fiat reserves
Start
TBA
End
TBA
$ 30 000 000
Market
Product
Team
Model
Finance
Market

- The project does not align with the trend in the stablecoin field

- Stong competitors with more advanced technologies

Product

- Not community-friendly focus on preventing anonymity and working closely with government authorities

Team

- strong focus on monetary research, but not the development

Model

- algorithms are focused on fiat collateral management - the idea widely hated in the crypto community as it is destined to be tied to the human factor

Finance

- no additional rounds are expected

- too much funds attracted for such a weak technology stack. The budget seems to be skewed to salaries, that may be considered as a cash-burn machine.

3.6
Medium
NYM
NYM - authentication service with the focus on privacy
Start
TBA
End
TBA
N/A
Market
Product
Team
Model
Finance
Market

- The product may become niche on market with the scalability obstacles

- Free centralized services may be more user-friendly for users

- unclear business plan

 

Product

- the service may lose the competition with free centralized services, being non-free and slower

- the roadmap is unavailable

Team

- it is unclear who will develop the project, and who will just support

Model

- unclear adoptability on platforms with free authentication.

- unclear token specification

Finance

- no financial metrics available

- it is unclear, whether Binance participate in equity or not

3.8
Medium
Handshake
Handshake is a decentralized, permissionless naming protocol compatible with DNS where every peer is validating and in charge of managing the root zone with the goal of creating an alternative to existing Certificate Authorities. The Handshake protocol maintains the root zone file in a decentralized manner, making the root zone uncensorable, permissionless, and free of gatekeepers.
Start
TBA
End
TBA
$ 10 200 000
Market
Product
Team
Model
Finance
Market

- The project enters a practically monopolized market.

- ICANN is the only way to create a top-level domain right now. The entire market belongs to this organization.

Product

- For wide distribution, the project needs implementation in large corporations and obtaining legal status in various jurisdictions.

Team

- The team consists only of developers, no business representatives.
- The central organization does not exist.
- The legal component of the project is not clear.

Model

- It is not clear whether large corporations and organizations will agree to move to the auction system.
- It is difficult to predict how such a technology will be taken by governments and ICANN, created by the US government.
- Legal issues are not covered. The project could face pressure or prohibition from centralized bodies such as ICANN and governments of different countries.

Finance

- $ 136 million of initial capitalization, which may lead to a strong fall in prices at the initial stage, in case of early listing.

- Experimental distribution system. It may turn out to be a strong point of the project or a trap for the project because it is very difficult to imagine how the network will be managed.

4.0
High
Urbit
Urbit - distributed cloud computing network
Start
TBA
End
TBA
N/A
Market
Product
Team
Model
Finance
Market

- The difficult idea for the market

- Politics risk due to the founder's manifesto

Product

- Idealistic motives behind the project's structure and goals

Team

- The founder background and vision may push away some partnerships and prevent the adoption

Model

- The role of tokens is still not finalized

Finance

- The project is not going to accept additional funds

4.2
High
Ferrum Network
Ferrum is a fast interconnectivity network designed for decentralized financial applications. Ferrum brings blockchains together and enables fast and inexpensive transactions without taking custody of user's assets.
Start
TBA
End
TBA
$ 6 000 000
Market
Product
Team
Model
Finance
Market

None of current DEXs have solved the main technical problem – low speed and liquidity.

The other problem is advantages of larges exchanges, which have huge number of users and it is easier for them to create a decentralized network.

In addition, there is a big law risk – SEC has not approved current DEXs, nut USA is the biggest market for such platforms. The situation is that the first good project is going to win the competition and capture the market. 

Product

Now Ferrum is developing two main products – DEX and wallet. Both of the products have many other already existing analogues.

Team

There are 8 people and 5 advisors. Half of a team are from investment funds and the other half has some technical background. There is one important moment – most of the founders haven’t changed their main workplace in LinkedIn.

Model

Ferrum Network has strategic partners - TLG Ventures, KOSMOS, Token Research Group. Some of their team members represent these funds.

Finance

Ferrum’s business and token’s cost fully depend on the number of users. During the communication with the team, they have mentioned that their main market is USA, but it is still big legal risk with American jurisdiction. In addition, business is built on cryptocurrency market and if it is going to fail this project will be unclaimed.

3.2
Medium
Kava
A decentralized fast-finality blockchain for interoperable payment channel networks.
Start
TBA
End
TBA
N/A
Market
Product
Team
Model
Finance
Market
  • The very high competition on the decentralized exchange market
Product
  • The product is on the very early stage of the development
Team
  • Founders do not have relevant experience in the field of the blockchain
Model
  • The platform should have a low commission fee to be attractive for users, as a result, the token price should be low.
Finance
  • The project is overvalued.
3.2
Medium
Near Protocol
Near - blockchain and decentralized computing platform with mobile devices connected
Start
TBA
End
TBA
N/A
Market
Product
Team
Model
Finance
Market

- The designed network see significant obstacles from the telecom industry, not prepared for an effective maintenance of such industries

- Tough competition in the blockchain industry

Product

- No prototype available

Team
N/A
Model

- Token functions are not described in details

Finance

- No financial information available yet

3.4
Medium
Zeppelin OS
ZeppelinOS - operating system for user-friendly creating of smart-contracts and their continuous upgrading
Start
TBA
End
TBA
N/A
Market
Product
Team
Model
Finance
Market

- "Network effect" entry barrier

- The new OS may add more complexity to the blockchain infrastructure

- Uncertain need globally in the solution

Product
N/A
Team

- Lack of experienced staff from well-known companies

Model

- Uncertain activity of users in vouching

Finance

- No financial information available

3.8
Medium
Elixxir
Elixxir works on a blockchain technology providing users with a confidential and secure decentralized platform.
Start
TBA
End
TBA
N/A
Market
Product
Team
Model
Finance
Market
  • High level of competition in the field of a scalable private blockchain

  •  
Product
  • There is no link to GitHub to track the source code
  • The roadmap is not given
  • The current stage of the product development cannot be validated
Team
  • Some of the team members have empty Linkedin profiles
Model
N/A
Finance
  • The financial metrics have not been released yet.
  • The token distribution structure has not been released yet.
3.6
Medium
Leep Network
Leep Network - the scalable and secure blockchain working as ACID compliant database and the platform for smart contracts
Start
TBA
End
TBA
$ 13 000 000
Market
Product
Team
Model
Finance
Market

- Tough competition on the market of scalable blockchains

- Edge on competitors is not clear due to the lack of technology described

Product

- No prototype

- No roadmap

- Lack of details in the technology description

Team

- Unexperienced team with doubtful achievements

Model

- No exceptional token functions (the traditional model is used)

Finance

- Unclear use-of-proceeds plan with no significant adjustments

- High token pool capitalization for the project with no prototype

2.8
Low
Mind.AI
Mind AI is an artificial intelligence engine and an ecosystem that was created to offer an entirely new approach to AI.
Start
TBA
End
TBA
$ 50 000 000
Market
Product
Team
Model
Finance
Market

The large corporation highly dominates AI market.

Access to large amounts of data is crucial for development AI.

Product

No prove of such AI conception in any other sources.

It is easy to create MVP, but almost impossible to develop industrial implication.

Team

Team does not have blockchain and AI background.

Model

Not clear role of tokens.

Blockchain does not create additional value.

Finance

The project is substantially overvalued.

2.4
Low
Helium
Helium is a decentralized machine network that enables machines anywhere in the world to wirelessly connect to the Internet and geolocate themselves without the need for power-hungry satellite location hardware or expensive cellular plans.
Start
TBA
End
TBA
N/A
Market
Product
Team
Model
Finance
Market

A high competition on IoT market.

Integration with an exsisting IoT is the most important.

Product
N/A
Team

The most part of the current team has joined in Dec 2017 - Jan 2018.

There are 94 employees in Helium Inc. and Helium System Inc. The connection between companies is unclear.

Model

Gateways will slow down the network deployment.

Finance

No financial information has been announced.

3.8
Medium
Amino
Amino - decentralized infrastructure for cloud computing
Start
TBA
End
TBA
N/A
Market
Product
Team
Model
Finance
Market

• Strong competition from other cloud computing blockchain projects

• Not significant edge on competitors

• Amino will release the product after competitors

Product

• Testnet is about to be launched only in Q1 2020

• No prototype available yet

Team

• The team appears to be too academic and suffers from the lack of experienced business leaders

Model

• Three-layer node architecture may turn too complicated and ineffective

Finance

• Financial information is not available

3.8
Medium
Solana
Solana builds a scalable blockchain with 710k TPS.
Start
TBA
End
TBA
N/A
Market
Product
Team
Model
Finance
Market

- High competition in the field of scalable blockchains. Solana is relatively late in the game with quite a few projects launching their mainnets in the next few months

Product

- High competition in the field of scalable blockchains. Solana is relatively late in the game with quite a few projects launching their mainnets in the next few months

- Roadmap to scaling and adoption is not yet clear

- No major partnership announcements yet

- Lack of business substance (e.g. potential use cases) and a clear list of features in the current whitepaper.

Team
N/A
Model
N/A
Finance

- Currently, the token details have not yet been publicly released.

- Tokens will be distributed in Q1 2019, which means investors’ funds will be locked for quite a while.

4.0
High
Cartesi
Cartesi - platform for the development and deployment of scalable decentralized applications and distributed cloud computing
Start
TBA
End
TBA
(ETH) 40 000
Market
Product
Team
Model
Finance
Market

• Tough competition and lots of projects combining cloud computing and blockchain

•  Weak hype around the project that may be a signal of  poor marketing activity - the risk of future obstacles in promotion

Product

• No prototype available

Team

• Lack of legal and marketing specialists

Model

• Users do not have much motivation to hold tokens for a long-term period

Finance

• High total token pool valuation

3.6
Medium
MANX (Macrochain)
MANX is building a secure and scalable decentralized protocol.
Start
TBA
End
TBA
$ 30 000 000
Market
Product
Team
Model
Finance
Market

- High competition in the field of scalable blockchains. MANX is relatively late in the game with quite a few projects launching their mainnets in the next few months

- After the growth of the throughput of the largest cryptocurrencies (sharding, plasma and other technologies) the attention to the later-introduced scalable blockchains may fall.

Product

- Currently, the quantum computers are far from adoption so the core product of MANX might not be demanded by the market.

- Currently, the project is on a concept stage. The Testnet is only expected in March 2019.

- The public chain launch is only expected in May 2021.

Team

- The experience of some of the team members cannot be validated.

- The team is scattered around USA, Canada, and China.

Model

- The token value added is unclear.

Finance

- Vesting policy has not been revealed yet.

- The company valuation at $100M seems too high.

- The use of proceeds is not given.

3.6
Medium
Hadron
Hadron - platform and marketplace of idle computing power and freelance tasks
Start
TBA
End
TBA
N/A
Market
Product
Team
Model
Finance
Market

Tough competition among other cloud computing projects

Product

The product is still uncertain due to not clear description and lack of detail

No whitepaper and roadmap published yet

Team

Team members resposibilities are uncertain

Lack of blockchain, legal and marketing experience in the team

Model

Token functions are not clear now

Finance

No financial information available now

Huge uncertainty regarding a weight of mined coins

3.2
Medium
Jura
Jura – blockchain, ecosystem and DAG platform with the high level of scalability and decentralization
Start
TBA
End
TBA
$ 20 000 000
Market
Product
Team
Model
Finance
Market

 • Fierce competition from other blockchains and projects solving the similar problem

Product

• No prototype available

• Unclear specifications of TPS

• Jura aims to develop the product too fast having nothing for now, so the roadmap is likely to be a subject of change

Team

• The doubtful issue regarding mfun.network

• Lack of marketing and legal specialists

• Advisors are not disclosed

Model

• Poor token functions

Finance

• Early investors are given a bonus up to 60% with 40% of tokens with no lockup

• Too high token pool capitalization both for seed and public investors, considering no prototype available

3.0
Medium
The Graph
The Graph – protocol for building decentralized applications on Ethereum quickly and for fast extracting data recorded on blockchain
Start
TBA
End
TBA
N/A
Market
Product
Team
Model
Finance
Market

• The project is focused on Ethereum blockchain only that we consider to be risky

• Lack of strong business logic in describing the value proposition

Product

• Whitepaper is not released

• Value proposition is questionable

Team

• Lack of marketing, business and blockchain specialist

Model

• The token functions are not clear now, and it is questionable whether the project needs this token

• Monetization model in unclear

Finance

• Financial metrics are not released yet

3.4
Medium
Devvio
Devvio - blockchain with advanced scalability, stability, privacy and security
Start
TBA
End
TBA
$ 40 000 000
Market
Product
Team
Model
Finance
Market

 • Fierce competition from other blockchains

• The strategy has a lack of focus and tries to attract as many groups of users as possible

• Projects with stable coins are failing on the market and usually require too much trust

Product

• No prototype available

• The team promises too high TPS rates – 8M

• Too complicated system with lots of modules to be developed

• Too fast roadmap for such a development process

Team

• The team does not manage the ICO process by itself and engage Token Market

Model

• Unclear monetization model

Finance

• Unknown terms for early investors

• Too high token pool capitalization considering no prototype available

• 15% of funds raised are dedicated to covering ICO campaign, that is too much

3.2
Medium
TxHash
Event tracking protocol for Blockchain and web-applications integration.
Start
TBA
End
TBA
$ 5 000 000
Market
Product
Team
Model
Finance
Market

Somewhat related competitors, such as Etherscan and Blockseer have large audience and may implement the tools of TxHash.

Product

Testnet is expected only in Q2 2019.

Team

Now There are just 3 people working in the team. The whole team size is unclear. Team members are not strong, "all star" experts in software development or cryptography. There are no specialists with deep expertise in blockchain/distributed systems/cryptography.

Model
N/A
Finance

In our opinion, the event tracking protocol valuation of $37.5M looks overvalued. It is unclear what kind of a vesting scheme will be used for team bonus. The token release timeframe is unclear.

3.4
Medium
DeepCloud AI
DeepCloud AI is building an AI-driven decentralized cloud computing platform for running decentralized applications.
Start
TBA
End
TBA
$ 8 000 000
Market
Product
Team
Model
Finance
Market

The The competing projects - SONM, Golem, and iExec have been on the market for a while now and had "first-mover" advantage.

Product

The GitHub page of the project has only one repository which is empty. GitHub was only created in late April. The domain was only bought at the end of April, the twitter was created around the same time. MVP is not available.

Team

The CEO does not have a strong track record in cloud computing, AI, or blockchain. The CTO did not work at AWS, as claimed on the company's website. The experience of 2 out of 6 software developers prior to joining DeepCloud cannot be validated. The Blockchain developer is not employed at DeepCloud on full-time and additionally works on a freelance platform (Toptal) and at XSN-Core. The team is scattered across the world and different time zones. The team members are located in Singapore, San Francisco, Egypt, Ukraine, Netherlands, Florida, and Mexico. The team does not have full-time blockchain experts. There are no strong blockchain advisors and partners. The Core team members do not have strong entrepreneurial experience prior to joining DeepCloud AI.

Model

Unit economics is poorly described.

Finance

There is no information about the team and advisors tokens lockup schemes. The competing projects - SONM, Golem, and iExec have been on the market for a while now and had "first-mover" advantage. The team aims to open two offices: one in Singapore and one in San Francisco. The reasoning for this strategy is unclear. There is no information about lockup schemes for early investors' bonus tokens.

3.2
Medium
IOV
IOV aims to enable autonomous blockchains to be accessed efficiently.
Start
TBA
End
TBA
$ 48 300 000
Market
Product
Team
Model
Finance
Market

NNS developrs the same features for NEO Exchange. Ethereum ENS - a somewhat similar project - was launched a year ago and did not become widely popular since then.

Product

The process of integration of existing chains into Blockchain Communication Protocol may be complex and lengthy. Currently, the Beta version is not available. The product has been in development only for 3 months, according to GitHub. The comparable technology Ethereum ENS was launched a year ago but did not gain significant customer base and was barely integrated into cryptoexchanges.

Team

There are no marketing specialists in the team. The team is not concentrated in one place and is spread around Europe and the USA.

Model

The exact fee size for Blockchain Name Service has not yet been disclosed and is subject to change.

Finance

The company valuation after reaching ICO Hardcap will be around 39M EUR (45M USD). This figure seems high if compared with NNS, which aimed to raise 3M USD. The given funds allocation is not detailed and gives only high-level distribution.

3.6
Medium
4.2
Orchid Protocol
Orchid Protocol - TOR-like network with the tokenized financial incentive
Raising funds
$ 40 800 000
Market
Product
Team
Model
Finance
3.8
Keep Network
Keep Network - off-chain protocol of private data storage
Raising funds
$ 30 000 000
Market
Product
Team
Model
Finance
4.4
JPM
JPM - stablecoin from J.P. Morgan
Raising funds
N/A
Market
Product
Team
Model
Finance
3.6
Saga
Saga - stablecoin backed by fiat reserves
Raising funds
$ 30 000 000
Market
Product
Team
Model
Finance
3.8
NYM
NYM - authentication service with the focus on privacy
Raising funds
N/A
Market
Product
Team
Model
Finance
4.0
Handshake
Handshake is a decentralized, permissionless naming protocol compatible with DNS where every peer is validating and in charge of managing the root zone with the goal of creating an alternative to existing Certificate Authorities. The Handshake protocol maintains the root zone file in a decentralized manner, making the root zone uncensorable, permissionless, and free of gatekeepers.
Raising funds
$ 10 200 000
Market
Product
Team
Model
Finance
4.2
Urbit
Urbit - distributed cloud computing network
Raising funds
N/A
Market
Product
Team
Model
Finance
3.2
Ferrum Network
Ferrum is a fast interconnectivity network designed for decentralized financial applications. Ferrum brings blockchains together and enables fast and inexpensive transactions without taking custody of user's assets.
Raising funds
$ 6 000 000
Market
Product
Team
Model
Finance
3.2
Kava
A decentralized fast-finality blockchain for interoperable payment channel networks.
Raising funds
N/A
Market
Product
Team
Model
Finance
3.4
Near Protocol
Near - blockchain and decentralized computing platform with mobile devices connected
Raising funds
N/A
Market
Product
Team
Model
Finance
3.8
Zeppelin OS
ZeppelinOS - operating system for user-friendly creating of smart-contracts and their continuous upgrading
Raising funds
N/A
Market
Product
Team
Model
Finance
3.6
Elixxir
Elixxir works on a blockchain technology providing users with a confidential and secure decentralized platform.
Raising funds
N/A
Market
Product
Team
Model
Finance
2.8
Leep Network
Leep Network - the scalable and secure blockchain working as ACID compliant database and the platform for smart contracts
Raising funds
$ 13 000 000
Market
Product
Team
Model
Finance
2.4
Mind.AI
Mind AI is an artificial intelligence engine and an ecosystem that was created to offer an entirely new approach to AI.
Raising funds
$ 50 000 000
Market
Product
Team
Model
Finance
3.8
Helium
Helium is a decentralized machine network that enables machines anywhere in the world to wirelessly connect to the Internet and geolocate themselves without the need for power-hungry satellite location hardware or expensive cellular plans.
Raising funds
N/A
Market
Product
Team
Model
Finance
3.8
Amino
Amino - decentralized infrastructure for cloud computing
Raising funds
N/A
Market
Product
Team
Model
Finance
4.0
Solana
Solana builds a scalable blockchain with 710k TPS.
Raising funds
N/A
Market
Product
Team
Model
Finance
3.6
Cartesi
Cartesi - platform for the development and deployment of scalable decentralized applications and distributed cloud computing
Raising funds
ETH 40 000
Market
Product
Team
Model
Finance
3.6
MANX (Macrochain)
MANX is building a secure and scalable decentralized protocol.
Raising funds
$ 30 000 000
Market
Product
Team
Model
Finance
3.2
Hadron
Hadron - platform and marketplace of idle computing power and freelance tasks
Raising funds
N/A
Market
Product
Team
Model
Finance
3.0
Jura
Jura – blockchain, ecosystem and DAG platform with the high level of scalability and decentralization
Raising funds
$ 20 000 000
Market
Product
Team
Model
Finance
3.4
The Graph
The Graph – protocol for building decentralized applications on Ethereum quickly and for fast extracting data recorded on blockchain
Raising funds
N/A
Market
Product
Team
Model
Finance
3.2
Devvio
Devvio - blockchain with advanced scalability, stability, privacy and security
Raising funds
$ 40 000 000
Market
Product
Team
Model
Finance
3.4
TxHash
Event tracking protocol for Blockchain and web-applications integration.
Raising funds
$ 5 000 000
Market
Product
Team
Model
Finance
3.2
DeepCloud AI
DeepCloud AI is building an AI-driven decentralized cloud computing platform for running decentralized applications.
Raising funds
$ 8 000 000
Market
Product
Team
Model
Finance
3.6
IOV
IOV aims to enable autonomous blockchains to be accessed efficiently.
Raising funds
$ 48 300 000
Market
Product
Team
Model
Finance
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