OK blockchain report: Bear returns after the BTC ETF got rejected, should investors HOLD?

Weekly Blockchain Industry Report (16th Issue) 2018.7.28-8.3

OK Blockchain Capital. Zhe Su

Market Overview

 

• The past week’s daily average global market capitalization of cryptocurrency was $290.49 billion and the daily average transaction volume was $15.17 billion, indicating an incline of 8.26% and an incline of 8.26% respectively. The daily average market capitalization of the top five cryptocurrencies increased by 8.11% from the previous week. The increases in price of the top five cryptocurrencies was led by BTC, which experienced a price increase of 15.9%, and BCH experienced the greatest price increase by 16.08% in the past week.

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Data source：coinmarketcap

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• Of the top 10 cryptocurrencies that increased this week, most of the projects were of the vertical application sector. Speed Mining Service, a mining project, experienced the greatest increase in price by 162.29%.

Ranking	Project	Token	Field	Brief description	Trading amount (per $10K)	Token price	Increase/7d
1	Speed Mining Service	SMS	Mining	The SMS project is a decentralized and diversified cryptocurrency mining business in Japan.	$173,837	$18.03	162.29%
2	Fox Trading	FOXT	Asset management	FOX is a trading platform for foreign exchange and cryptocurrency.	$201,018	$0.12	114.98%
3	WABnetwork	WAB	Payment	WAB enables secure transactions without the need for an intermediary.	$4,900,838	$0.00	63.64%
4	empowr coin	EMPR	Community token	Empowr’s mission is to connect people around the world to socialize and to create value together.	$123,064	$3.30	55.83%
5	DigiFinex Token	DFT	Decentralized exchange	DigiFinex is an exchange that uses a “trading is mining” mechanism.	$3,183,197	$0.98	54.90%
6	Zclassic	ZCL	Cryptocurrency and payment	Zclassic is the first major branch of Zcash.	$1,740,149	$12.89	47.30%
7	Bezop	BEZ	E-commerce	Bezop is a solution that provides users with an e-commerce business.	$692,641	$0.10	45.41%
8	MSD	MSD	Payment	MSD is a cryptocurrency based on Ethereum that can be used to pay for retailers within the ecosystem.	$61,300	$0.01	42.92%
9	AMLT	AMLT	Network security	AMLT provides users with risk data related to cryptocurrency and establishes a secure environment.	$95,123	$0.02	39.83%
10	SRCOIN	SRCOIN	Medical insurance	SRCOIN is a massage chair provider with health data collection.	$1,162,080	$0.00	39.13%

 

Data source：coinmarketcap；retrieved at 12:00 on July 27th, 2018

 

Analysis of Top 200 Market Cap Projects

 

• According to August 3rd 12:00 p.m., the market capitalization of the top 200 projects decreased by 10.70% from last week. Based on the main categories of cryptocurrency and payment, basic chain and protocol, vertical chain and protocol, and vertical industrial application, the projects of the vertical chain and protocol sector decreased the most.

Data source： OK Blockchain Capital

• Through further classification of the vertical chain and protocol and the vertical industrial application sectors, it was found that the past week’s education projects were on obvious increases at a rate of 22.27%. Also, projects of the notary certification sector experienced an increase of 18.39%. On the other hand, IoT and AI projects experienced the greatest decreases with a rate of 26.68% and 27.23% respectively.

Data source： OK Blockchain Capital

 

Analysis of Newly Listed Projects

 

• There were 59 new projects in the market the past week (mainly of the cryptocurrency and payment vertical), 61.02% of which dropped below issued price within 24 hours of listing. Most of the newly issued tokens were listed on IDEX and IDAX.
• Among the new projects, KWH experienced the greatest increase in price (of the energy sector), reaching an increase of 44.69% within 24 hours. VIVID experienced the greatest decrease in price (of the cryptocurrency and payment vertical), reaching a decrease of 22.40% within 24 hours.

Ratio of New Projects Based on Categories           

 

 Data source：Coinmarketcap、feixiaohao、OK Blockchain Capital analysis

Table of newly listed projects

Project	Token	Field	Exchange Platform	Initial Listed Price（$）	Current Price（$）	24h Trading Volume	Price change (24h)	Listed Date
NIX	NIX	Basic chain and protocol	IDAX、Nanex	0.4472	0.228017	$229,840	-10.00%	Jul-28
Apollo Currency	APL	Basic chain and protocol	IDAX、Coinbene	0.001811	0.001555	$34,717	-4.52%	Jul-28
Bitcoin File	BIFI	Basic chain and protocol	Gate.io、Huobi	0.005290	0.005435	$110,331	-11.63%	Jul-28
Wavebase	PWV	Human resources	Qryptos	0.003630	0.002978	$249	-10.07%	Jul-28
Galaxy ESolutions	GES	E-commerce	Bancor Network	0.05076	0.005312	$2,557	-7.55%	Jul-30
FNKOS	FNKOS	Data services	CoinBene	0.1308	0.113368	$282,933	-1.84%	Jul-30
PRASM	PSM	Medical insurance	IDAX、Coinbene、Cointiger	0.003812	0.003712	$17,137	-12.03%	Jul-30
BitKan	KAN	Content copyright	Huobi、OKEx、 ZB.com、CoinEx	0.009324	0.007023	$2,447,921	-2.23%	Jul-30
Condominium	CDM	Cryptocurrency and payment	CryptoBridge、Cryptopia	0.006374	0.006670	$46,087	17.92%	Jul-30
AceD	ACED	Cryptocurrency and payment	CoinExchange、CryptoBridge	0.1974	0.2513	$3,170	4.20%	Jul-30
Pigeoncoin	PGN	Community token	QBTC、CryptoBridge	0.000797	0.000781	$20,582	-5.33%	Jul-30
STASIS EURS	EURS	Stable coin	DSX、HitBTC	1.17	1.16	$15,358	-0.37%	Jul-30
HorusPay	HORUS	Human resources	DragonEX、BigONE	0.02028	0.023292	$78,943	14.52%	Jul-30
Coinsuper Ecosystem Network	CEN	Platform token	Coinsuper	–	–	–	–	Jul-30
VeThor Token	VTHO	Basic chain and protocol	LBank	0.03831	0.02672	$44,629	-10.26%	Jul-30
ATC Coin	ATCC	Cryptocurrency and payment	Trade Satoshi	0.08671	0.01198	$743,809	2.74%	Jul-31
DIPNET	DPN	Content copyright	HitBTC、IDAX、Fcoin	0.005041	0.004933	$323,115	-0.97%	Jul-31
Vexanium	VEX	E-commerce	Tokenomy、BTC-Alpha、Exrates	0.02933	0.03779	$3,492,561	-13.01%	Jul-31
Master Contract Token	MCT	Corporate services	Switcheo Network、Hotbit	0.009778	0.008836	$86,023	-7.84%	Jul-31
White Standard	WSD	Stable coin	Stellarport	1.02	0.9737	–	-0.39%	Jul-31
Volt	ACDC	Payment	BitForex、CoinBene	0.002006	0.00178	$47,497	-3.69%	Jul-31
Niobio Cash	NBR	Cryptocurrency and payment	Crex24、TradeOgre	0.001775	0.002084	$830	2.63%	Jul-31
Purex	PUREX	Cryptocurrency and payment	CoinExchange	0.09172	0.12806	$4,721	24.20%	Jul-31
BitScreener Token	BITX	Asset management	IDEX、Hotbit	0.02241	0.01737	$856	-9.88%	Jul-31
PRiVCY	PRIV	Cryptocurrency and payment	BiteBTC	0.07194	0.06855	$13,156	–	Jul-31
Coinvest	COIN	Decentralized exchange	IDEX、HitBTC	0.2678	0.189779	$851	-9.09%	Jul-31
Luna Stars	LSTR	Social network	Coinrail、Coinhood	0.000617	0.00049	$105,745	-13.38%	Jul-31
Carlive Chain	IOV	E-commerce	Bit-Z、Fcoin	0.009847	0.008955	$237,824	-6.80%	Jul-31
Alchemint	SDT	Asset management	Switcheo Network	0.03617	0.037671	–	-3.59%	Jul-31
CanonChain	CZR	Basic chain and protocol	BCEX、Bibox	0.02953	0.026756	$221,171	-6.11%	Jul-31
Promotion Coin	PC	Advertising	HADAX、Bit-Z	0.000909	0.000811	$408,784	–	Aug-01
RightMesh	RMESH	Charity	BitForex、IDEX	0.1093	0.136838	–	-1.20%	Aug-01
Brickblock	BBK	Asset management	BitMart、IDEX、Gate.io	0.04646	0.048166	$3,269	5.17%	Aug-01
NeuroChain	NCC	AI	HADAX、IDEX	0.02458	0.025576	$182,777	6.83%	Aug-01
Kalkulus	KLKS	Cryptocurrency and payment	Mercatox、CryptoBridge	0.06577	0.079915	$10,222	15.40%	Aug-01
Ethereum Monero	EXMR	Payment	EtherDelta、IDEX	0.02717	0.029753	$36,478	-2.47%	Aug-01
Hdac	HDAC	IoT	Bibox	0.1059	0.101454	$574,026	-3.84%	Aug-01
New Power Coin	NPW	Cryptocurrency and payment	Cryptopia、Stocks.Exchange	1.82	1.80	$35,457	0.74%	Aug-01
KWHCoin	KWH	Energy	TOPBTC	0.001466	0.006366	$154,984	44.69%	Aug-01
Haracoin	HRC	Cryptocurrency and payment	CoinExchange	0.3994	0.401430	$12,868	0.53%	Aug-01
Vivid Coin	VIVID	Cryptocurrency and payment	CryptoBridge	0.1850	0.139359	$15,122	-22.40%	Aug-01
ZMINE	ZMN	Mining	BX Thailand、Trade Satoshi	0.05811	0.058146	$96,252	0.27%	Aug-01
Arionum	ARO	Cryptocurrency and payment	Mercatox	0.02509	0.023879	$29,885	-8.08%	Aug-01
IDOL COIN	IDOL	Entertainment	CoinExchange	0.000149	0.000151	$33,096	1.39%	Aug-01
YOU COIN	YOU	Basic chain and protocol	OKEx	0.02780	0.025732	$467,838	-7.23%	Aug-01
Six Domain Chain	SDA	IoT	Rfinex、OKEx、CoinTiger	0.01820	0.017843	$3,228,340	-0.87%	Aug-01
Litex	LXT	Payment	Bit-Z、Fcoin	0.01254	0.012537	$236,271	–	Aug-02
BitcoiNote	BTCN	Cryptocurrency and payment	Crex24、Stocks.Exchange	0.004228	0.004228	$2,382	–	Aug-02
XTRD	XTRD	Asset management	IDEX	0.004978	0.004978	$617	–	Aug-02
BitCapitalVendor	BCV	Wallet	HADAX、Bit-Z	0.009278	0.009366	$435,748	–	Aug-02
Yuan Chain Coin	YCC	Corporate services	HADAX、HitBTC、Hotbit	0.02024	0.020183	$516,728	–	Aug-02
DACSEE	DACS	Transportation	Qryptos	0.02079	0.020788	$69,261	–	Aug-02
BrokerNekoNetwork	BNN	Dev. tool	CoinExchange	0.000151	0.000151	$6,228	–	Aug-02
ZelCash	ZEL	Cryptocurrency and payment	TradeOgre、Trade Satoshi、Stocks.Exchange	0.02649	0.026459	$3,000	–	Aug-02
Formosa	FMF	Asset management	IDEX	0.02183	0.021803	–	–	Aug-02
Webcoin	WEB	Advertising	IDEX、Hotbit	0.001970	0.001975	$84,114	–	Aug-02
ACRE	ACRE	Cryptocurrency and payment	CryptoBridge	0.6222	0.621467	$59,522	–	Aug-02
Semux	SEM	Basic chain and protocol	Stocks.Exchange	0.5743	0.573633	$3,243	–	Aug-02
Intermational Crypto X	INCX	Decentralized exchange	CoinBene、Hotbit	0.008890	0.008860	$249,257	–	Aug-02

 

Data source：Coinmarketcap, Feixiaohao

 

Analysis of Closed Public Sales Projects

 

• There have been 71 closed public-sale projects this past week, with the soft cap totaling nearly 226 million USD. Among these projects, projects of the finance vertical received most funding, exceeding over 60 million USD.

Main categories of public sales project this week (verticals with over $5M in soft cap)

Table of closed public sales projects（7.28-8.3）

Project	Token	Field	Platform	Soft Cap
Gamblica	GMBC	Gambling	ETH	4,000 ETH
TGIC	TGI	Asset management	ETH	–
ZeroEdge.Bet	ZERO	Gambling	ETH	3,000 ETH
AISI Coin	AISI	Asset management	ETH	7,040,000 USD
Airforce Mining	AFX	Mining	ETH	–
Metatip	META	Payment	Metaverse Blockchain	–
Ponics Technologies	POT	Agriculture	ETH	9,250,000 USD
eCoinomic	CNC	Lending	ETH	6,000,000 USD
PryvateCoin	PVC	Network security	ETH	–
AllForMiner	MIT	Mining	ETH	500,000 USD
SurruS	SURR	Insurance	ETH	800,000 USD
The Sun Exchange	SUNEX	Energy	ETH	25,000,000 USD
Birake	BIR	Payment	ETH	3,000,000 USD
Innovative Bioresearch	INNBC	Medical insurance	ETH	–
Ekspa	EKSPA	Corporate services	ETH	400,000 USD
Secure Donation Token	XSD	Charity	ETH	500  ETH
Baanx.com	BAANX	Asset management	ETH	1,000,000 USD
Alt.Estate	ALT	Asset management	ETH	1,000,000 USD
AVINOC	AVINOC	Data services	ETH	8,000,000 USD
Bethereum	BTHR	Gambling	ETH	–
Chubex	CBX Token	Decentralized exchange	ETH	–
IMDEX	IMDX	Decentralized exchange	ETH	2,000 ETH
DRCG	DRCG	Asset management	ETH	–
Vikky	VIL	Human resources	ETH	5,000 ETH
OKMCoin	OKMC	Corporate services	ETH	5,500,000 USD
Online	OIO	Advertising	ETH	5,000,000 USD
BeeMedics	BMC	Medical insurance	Waves	700,000 USD
Bamboo	BAM	Asset management	ETH	–
BlockGrain	AGRI	Supply chain	ETH	–
Evident Proof	EPT	Data services	ETH	–
Ivyn	IVYN	Payment	ETH	18,900,000 USD
EQI	EQI	Banking	ETH	15,000 ETH
FundersToken	FST	Corporate services	ETH	–
Union	UNI TOKEN	Asset management	ETH	–
MaxData	MXD	Data services	ETH	5,000,000 USD
Saturn Network	SATURN	Basic chain and protocol	ETH	1,675 ETH
Property Coin	PCX	Asset management	ETH	–
Nimbus Token	NIM	Asset management	ETH	8,050,000 USD
Rego	REGO	Asset management	ETH	5,000 ETH
Triwer	TRW	E-commerce	ETH	5,000,000 USD
GreenX	GEX	Energy	ETH	2,500 ETH
AIgatha	ATH	Data services	ETH	–
BitForex	BF	Decentralized exchange	ETH	30,000 ETH
Specular	SPEK	Gambling	ETH	–
Moveco	MOV	Transportation	ETH	5,000,000 USD
Dacxi	DAC	Community token	ETH	3,000,000 USD
ETHernitymining	ETM	Mining	ETH	2,500,000 USD
Double Land	DLC Token	Game	ETH	8,000 ETH
SURETY.AI	SURE	Insurance	ETH	5,000,000 USD
DEEP AERO	DRONE	Transportation	ETH	10,000 ETH
efir	QZ	Advertising	ETH	1,250 ETH
EpigenCare	EPIC	Medical insurance	ETH	–
McFly.aero	McFly	Transportation	ETH	–
Viola.AI	VAI	Social network	ETH	1,000,000 USD
Asura Coin	ASA	Gambling	ETH	2,500,000 USD
CGCX	CGX	Decentralized exchange	ETH	5,000,000 USD
STAY	STAY	Asset management	ETH	5,000 ETH
ETH Travel	ETHTT	Tourism	ETH	10,000 ETH
dStadia	DSTA	Game	ETH	2,800,000 USD
Tracoin	TCN	Transportation	ETH	5,000,000 USD
PAYERA	PERA	E-commerce	ETH	8,000,000 USD
WallChain	WALL	Cryptocurrency and payment	ETH	3,000,000 USD
Yodse	YODSE	Corporate services	ETH	7,000,000 USD
Darico	DEC	Asset management	ETH	–
ROOMDAO	RDC	Tourism	ETH	1,200,000 USD
BuddToken	BUDD	Community token	ETH	10,000,000 USD
Exolover	EXO	Entertainment	ETH	500,000 USD
Talao	TALAO	Data services	ETH	5,000 ETH
STRYKZ	STRY	Entertainment	ETH	8,900 ETH
Coinet	COT	Asset management	Stellar	200,000 USD
Omeno	OME	Asset management	ETH	1,000,000 USD

 

Main data sources： Icobench、 Foundico、 smith and crown、icodata、 icodrops、coinschedule、icoadvert

Secondary data sources：Project websites

 

• Important News on Global Governmental Policies this Past Week

 

Based on public information

 

• Keeping Up with the Blockchain Giants

Hot Topic of the Week：OKEx General Conference

On July 5th, 2018, FCoin released the “Announcement on FCoin Main Board Brand Upgrade and the Start of Tokenization Experimental Zone”, and proposed the plan for the Tokenization Experimental Zone. On July 23rd, Bizkey, the first project to participate in the FCoin Tokenization Experimental Zone, held a public Q&A meeting.

1、What is Tokenization?

“Tokenization” means to convert traditional enterprises‘ assets into liquid assets that can be issued and applied with. Tokenization is mainly for internet companies with mature products, industry chains and traditional companies. This process restructures their businesses according to the ideas and models of tokenomics. The issuance and application of tokens changes how interests and profits are distributed, and also encourages all parties involved to participate in the system more.

2、Early “Tokenization”

Before the concept of tokenization was formally introduced, many blockchain companies had promoted good projects to embrace and apply tokenomics. In addition to the internet giants “BAT”’s blockchain development exploration, few established Internet companies have tried to integrate tokenomics into their systems,

• OK Blockchain Capital proposes that it will apply the resources and technology it has to help excellent teams to complete and tokenize their projects.
• In December 2017, in the case of declining revenue and decreasing performance, the content community Tianya released its blockchain token “Tianya Token” and Tianya Diamond. Tianya is used to complete various payment and transactions in the community. Users can get Tianya tokens through community contributions. Tianya tokens can be transferred to Ethereum. Tianya diamond is a community privileged item that rewards users with Tianya tokens every day.
• In January 2018, Renren Company released the RRCoin whitepaper and launched the RRCoin that is based on the Ethereum network to improve social network incentives and consumer behaviors.

3、The First Tokenization Experimental Zone Project——Bizkey

As of last Thursday, “Tokenization Experimental Zone” announced only one registered company, Bizkey – the smart POS machine project. In the Bizkey ecosystem, there are two types of tokenization, BZK and Time. BZK is for the merchant side, which represents the value of transaction data and uses the “trading is mining” mechanism which will be circulated in the exchange. Time is for the user side, which is equivalent to tokenized points. Users receive points through consumerism, and accumulated points can be used for special privileges. Bizkey uses the incentives of tokenomics to enable merchants and intermediaries to obtain tokens through the “trading is mining” mechanism and to promote their smart POS machines.

4、Which companies are involved in the Tokenization Experimental Zone?

According to public information, the types of companies that have registered for Fcoin’s Tokenization Experimental Zone can be summarized as follows:

• Companies with problems in their supply chain, industrial chain relationship, and user and community management. These problems cannot be resolved by traditional models, and therefore hope to use blockchain technology and tokenomics to transform its businesses.
• Projects that naturally collect data and require data management, reward point incentives and other related requirements, are in line with the transformation of tokenomics.
• Projects that are facing difficulties in terms of its finances and hope to receive new funding.

5、Difficulties in carrying out Tokenization

• The design of the tokenomics model changes the distribution of interests, profits, and/or benefits. If an equity-based company proceeds with tokenization, it may damage the interests of the current shareholders of the company due to the design of the tokenomics model.
• The infrastructure and technology development of the blockchain industry is still lacking. The calculation speed, transaction speed and storage capacity are not powerful enough to support large-scale applications.
• Tokenized securities may run into legal compliance issues.

Appendix: Upcoming Crowdfunding Projects（8.4-8.10）

Project	Token	Public offering launch date	Public offering close date	Field	Token Quantity	Public offering percentage*	Hard cap
Vreo	MERO	2018/8/4	2018/9/1	Advertising	–	–	19,500,000 USD
URAllowance	URA	2018/8/4	2018/9/30	Education	1,012,500,000	40%	30,000 ETH
LeadRex	LDX	2018/8/4	2018/11/9	Corporate services	137,000,000	80%	10,700 ETH
ACA Network	ACA	2018/8/4	2018/9/30	Advertising	2,000,000,000	50%	100,000,000 ACA
Asset Allocation Token	AAT	2018/8/4	2018/9/4	Asset management	45,000,000	60%	27,000,000 USD
Lunch Money	LMY	2018/8/5	2018/9/5	Consumerism	250,000,000	16%	40,000,000 LMY
Avatar Network	ATT	2018/8/5	2018/9/5	Digital identity	6,000,000,000	20%	12,000 ETH
REOS	REOS	2018/8/6	2018/9/20	Content copyright	10,000,000,000	50%	45,000 ETH
MedChain	MDX	2018/8/6	2018/9/5	Data services	71,180,000	49%	15,000,000 USD
Sleecoin	SLEE	2018/8/6	2018/11/25	Real estate	200,000,000	50%	100,000,000 SLEE
Developeo	DEVX	2018/8/6	2018/8/27	Education	600,000,000	80%	480,000,000 DEVX
Boomstarter.Network	BC	2018/8/6	2018/9/23	Crowdfunding	48,000,000	75%	20,000,000 USD
ORCA	ORCA	2018/8/6	2018/9/6	Banking	660,000,000	42%	9,800,000 USD

 

Project	Token	Public offering launch date	Public offering close date	Field	Token Quantity	Public offering percentage*	Hard cap
LooksCoin	LOOK	2018/8/6	2018/8/30	Content copyright	1,000,000,000	50%	30,000,000 USD
idap.io	IDAP	2018/8/7	2018/10/15	Asset management	1,000,000,000	75%	750,000,000 IDAP
ELPIS	ELP	2018/8/7	2018/9/15	Asset management	250,000,000	78%	10,000,000 USD
Alive Casino	AL	2018/8/7	2018/12/1	Gambling	–	–	30,000,000 USD
Pavocoin	PAVO	2018/8/7	2018/9/15	Agriculture	200,000,000	50%	30,000,000 USD
SilkChain	SILK	2018/8/7	2018/8/31	Trading	10,000,000,000	25%	95,000 ETH
DeFund Project	XDF	2018/8/7	2018/9/6	Asset management	500,000,000	90%	11,097 ETH
Usechain	UST	2018/8/8	2018/8/8	Digital identity	20,000,000,000	45%	4,500 BTC
Box2Table	B2C	2018/8/8	2018/10/8	Corporate services	500,000,000	76%	41,000,000 USD
Contractium.io	CTU	2018/8/8	2018/11/11	Corporate services	3,000,000,000	50%	10,000,000 USD
Dizcovery Network	DIZ	2018/8/8	2018/8/31	Content copyright	1,000,000,000	60%	20,000,000 USD
TycoonCoin	TTC	2018/8/9	2018/8/31	Cryptocurrency and payment	–	90%	17,131,333 USD
InfraCoins	INF	2018/8/10	2018/10/31	Tourism	50,000,000	60%	30,000,000 USD

 

Image(s): Shutterstock.com