Token Report, a large, transparent database of ICO verified information, today released data on the number of cryptocurrencies actively in use. Of the 226 ICOs in Token Report’s database that have completed, 20 of those tokens, or just under 1 in 10, are actively in use, excluding Ethereum. Some estimates have placed cryptocurrency market ICOs as having raised over $327 million in 2017 alone. Buyer’s beware… critical review is imperative.
Last week Mangrove Capital Partners, a venture capital group based in Luxembourg, published a report indicating that ICOs are delivering enviable returns for investors, 1320% returns on average…taking into consideration ICOs that failed.
In order to address this unregulated and often opaque sector, Token Report has newly launched Token Clarity, a membership program offers actionable ICO updates and research that provides investor insights for newcomers, high-volume traders, and institutions alike. Token Tracker is a free listing while Token Clarity has limited memberships, unlimited queries, actionable ICO updates, access to global forum research and risk score & analysis.
[clickToTweet tweet=”.@tokenreport offers verified info about #ICOs #cryptocurrency #tokensale @fintechinsider_ ” quote=”“While most tokens are bought and sold on speculation, Token Report has researched and analyzed which ones are being put to use on their various decentralized apps and platforms,” indicated Token Report Founder and CEO Galen Moore. “]
The Token Report network offers reliable financial data on nearly every tokenization that emerges, including insights into the real-world usage of post-ICO tokens.
“While most tokens are bought and sold on speculation, Token Report has researched and analyzed which ones are being put to use on their various decentralized apps and platforms,” indicated Token Report Founder and CEO Galen Moore. “This type of data can help evaluate future investments and indicate larger trends in token utility.”
In the rapidly-growing cryptocurrency sector, Token Market seeks to connect cryptocurrency investors with a reliable source of facts that affects the value of new and existing cryptocurrency assets. Token Report’s business model is based on membership fees from the individual investors, family offices and cryptocurrency exchanges that are among the users in its private beta.
According to Token Market, the cryptocurrency projects with tokens in use :
Token Report’s token mechanism includes a tiered membership model for individuals that limits accessibility without charging exorbitant monthly fees. Institutions pay in Token Report’s cryptocurrency, EDGE, for access to the database via application programming interface (API). This allows Token Report’s dollar-denominated revenue to grow with demand, without diluting the value of its research by over-scaling its user base. EDGE will be available through a public token sale launching November 28, 2017.
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