SALT, the first membership unit-centric loan network to allow customers to secure cash loans in blockchain-asset collateral-based agreements, began a discounted membership sale on August 15th. Originally setting out with a soft-cap fundraising goal of $35m and hard-cap of $48.5m, the SALT offering has almost completely sold out through the $7.5 SALT membership token tier 12:00 pm PDT. The discounted membership sale will run until the earlier of 9:00 am PDT the remaining 1m SALT membership tokens in the $7.5 tier sell out; in the event of excess demand, 25,000 additional SALT units will be available at retail $10 pricing. The SALT membership sale is advised by Argon Group.
Science, the first incubator ICO, will launch its token pre-sale on September 11 and the public sale is planned for October 2. Similar to a VC model but with additional benefits, holders of the Science token will receive a portion of tokens issued by portfolio companies in the event of their own ICO, as well as benefit from Science token repurchases funded by a portion of the proceeds from portfolio company exits. The Science ICO is advised by Argon Group, and will target a $50-$100m raise through Bitcoin, Ethereum, EOS and U.S. Dollar.
Distributed file storage network Filecoin, which raised $52m from ~150 investors in a pre-sale two weeks ago, completed an additional ICO which raised $200m in just 60 minutes. This is the largest ICO to date, above the Tezos $232m raise several months back. Notably, the project does not have a functioning product to demo, and the company has continued to delay notice of estimated availability.
Decentralized exchange protocol 0x raised $24m in its ICO, taking place from August 15-16, from approximately 12,000 backers. Since, then the 0x token (ZRX) has been listed for trading on the Poloniex exchange.
Unikrn, a decentralized e-sports betting token which previously raised $10m in funding from private backers, is out to raise $100m via an ICO of its UnikoinGold token. The sale will commence September 22.
Other notable ICO’s:
EOS began its ground breaking ERC20 token sale on June 26, 2017, using a unique, yearlong purchase and distribution process. As of today, EOS, which is sold at $1 each, had a circulating supply of 297,607,417 out of a total of 1,000,000,000.
Data and process validation platform Tierion raised $25m in July via its network token TNT
Santiment, a blockchain-based financial data application (similar to Reuters or Bloomberg), raised $12m via its network token SAN. SAN is currently listed on Bitfinex, Liqui, EtherDelta, and HitBTC exchanges. Santiment is one of the few decentralized blockchain applications available for public use through the Apple App Store and Android Google Play.
According to Coindesk, ~$1.8bn in total ICO funding has been raised by token sales to date, with over $1b of that in June and July alone.