FinTankCryptoCon2018 2018 ICO Market - … · FinTankCryptoCon2018 2018 ICO Market Wulf A. Kaal...

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1 FinTank CryptoCon 2018 2018 ICO Market Wulf A. Kaal Northwestern Law School Chicago 2018

Transcript of FinTankCryptoCon2018 2018 ICO Market - … · FinTankCryptoCon2018 2018 ICO Market Wulf A. Kaal...

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FinTank CryptoCon 2018

2018 ICO Market

Wulf A. Kaal

Northwestern Law SchoolChicago

2018

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Percent of World ICOs

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Percent of the Top 25 Funds Raise

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Percent of World ICOs v. Percent of Funds Raised

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ICO Funds Raised

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Level of Regulation

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What Regulations Address

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What Regulations Address

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Level of Regulation

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Outlook• In 2017, 445 ICOs raised $5.4B (source: @tokendata). That's an average of

$12M per ICO, or $9.4M (excluding 8 that raised $100M+). $9-12M is plenty to fund any startup, and is a lot more than the average traditional startup first round.

• But $5.4B is also less than 1% of the $600B crypto market cap, which was the major source for this funding.

• Questions for 2018:

• Can the system produce another $5B in ICO funding next year?

• And if the market cap goes to $1T, will that yield $10B for 1,000 ICOs in 2018?

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Thank You

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