What is the cost of biggest ICO tokens?

Table 1 – Info on tokens of the largest ICOs

Tezos

The first ICO – Tezos (the intellectual system of contracts), the largest ICO at the press time that has managed to attract a record sum of $230,5 mln. According to the project documents, one invested bitcoin is rewarded with 5000 XTZ tokens and with the additional time-dependent bonus. At the initial project stages, it was planned to acquire necessary funds approximately in two weeks, with this process divided into several bonus stages. The first stage provided a 20% bonus — for instance, the investment reward for two bitcoins was 12,000 XTZ, 2000 of which were a bonus sum. Then the bonus percent gradually decreased first to 15%, then to 10%, 5%, and, eventually, to 0%. Investments could be made not only in bitcoins, but in several altcoins and in fiat money as well.

According to Coinmarketcap’s data, the placement of XTZ on the exchanges happened in 2 October 2017 and the initial pre-launch cost was $1.66 per token. During the first two weeks, the dollar price of this token has been increasing and by 14 October it has reached $2.62. Later, though, the token lost grounds and at the press time (13 November 2017) costs $1.48. In the end, it rose by 6%.

One XTZ equals 0.00022890 BTC on exchanges. This means that if an investor put 3 bitcoins into the project at the start (when the bonus was 25%), this investor later got an 18,000 XTZ reward, which equals 4.1 bitcoins at the press time. However, if the investment is made at the end of the offering, when the bonus became 0%, the reward would make 15,000 XTZ, which is 3.4 bitcoins. The revenue makes only 0.4 bitcoins, then.

Bancor

The founders of Bancor introduced an Ethereum-based platform to the market, and it allows decentralized ERC20-compliant tokens’ exchange. One ETH equaled 100 BNT (Bancor tokens abbreviation).

The offering has been made on 18 June 2017, one token cost $13.74 at the initial trades. On June 22, however, the price of 1 BNT decreased to $4.19 at the exchanges’ close time, and at the press time it was $1.81. The token cap makes $78.4 mln.

Dollar trade option aside, 1 BNT could be changed for 0.00611228 ETH on exchange platforms. So, after investing 1 ETH, an investor could get 100 BNT, which now can be sold only for 0,611228 ETH.

Status

Status is an Ethereum-based messenger that includes a decentralized cryptocurrency exchange, a web browser and a smart contracts service. Messages on this service are encrypted right after they sent, without using any unified server.

Only Ethereum could be invested in this project during its ICO. The minimal investment sum was 0.001 ETH. One ETH was available to change for 10,000 SNT (Status tokens). SNT tokens appeared on exchanges on 28 June 2017, trading $0.061775 per token. At the press time, its price decreased 1.7 times to $0,036762. Market cap – $96.2 mln.

The market offers 0,00008821 ETH for 1 SNT. So, if an investor put 1 ETH in the project at the initial stage, he later received 10,000 of SNT as a reward, which can currently be changed for 0.88 ETH at exchange platforms (-12%).

Kin

The ICO of Kin project was made with intention to attract funds for the Kik chat platform development. In total, a sum of $98.5 mln has been attracted. According to the white paper, KIN tokens can be spent only within the messenger, for instance, as a payment for VIP groups membership, premium content, bots monetization etc. There were also investment bonuses. At Day 1, investor had a 30% bonus, then this number gradually decreased day by day, from -5 to -10%.

KIN tokens entered the markets on 27 September 2017. At the initial trades, KIN cost $0.000093, and at the press time, the price decreased to $0.000051.

TenX

TenX is a project that allows to create a crypto wallet and link your credit card with it. During the offering, 1 ETH was traded for 350 PAY (TenX tokens abbreviation), apart from this, there were bonuses enabled: 20% at Day 1, during the next 2-3 days – 10%, 4-7 days after Day 1 it was 5%, 8-14 days after Day 1 it was 2.5%, and two weeks after the start, it was 0%.

Tokens of TenX entered the markets on 27 June 2017 and at the initial trades in cost $25.22. By July 8, the cost has decreased to $1.1, and the press time, 1 PAY could be changed for $1.72. The token cap: $169.3. The price of this token in Ethereum is 0.00514295. Investing 1 ETH at the initial stage, an investor could get 420 PYA, which can be changed for 2.1 ETH at the press time (not a bad price growth – more than 2.4 times bigger). In case the investor did not acquire any bonuses, he received 350 PAY for 1 ETH, which are equal to 1.8 ETH at the press time.

As the analysis has shown, some project investors have actually managed to multiply their funds. But it is always hard to predict the token price dynamics on a cryptocurrency exchange. This means that when deciding to make an ICO investment, one must fully recognize the possibility of losses instead of any gains.