ALIS to Release Closed Beta

ALIS has announced that the Closed Beta Version will be released on April 23rd
09 April 2018   1531

The mission of ALIS is to create a social media platform that enables users to find trustworthy articles and people quickly. It realizes an autonomously developing economic system made possible via blockchain technology and a token economy.

On April 6 ALIS has announced in its Twitter account that the Closed Beta Version of ALIS will be released on April 23rd. ALIS stated that it aims to provide a greater value product.

ALIS closed beta release announcementALIS closed beta release announcement

As for the visiom of ALIS, it states that instead of compromising its basic philosophy with over-complicated explanations and convoluted functions, they believe that the most important thing is to make a simple and concise product that can be used by everyone.

At the moment of press, these are main market parameters of ALIS:

  • Average price: $0,330440
  • Marketcap: $12 734 711 
  • 24h volume: $39 532

89% of ICO to be Unprofitable, Analyst Says

According to the director of research at The Block, IEO are starting to repeat ICO's trend
08 August 2019   342

Leading analyst of The Block, Larry Cermak, decided to analyze the profitability of ICO projects and found that at least 89% of them turned out to be unprofitable. Nevertheless, those that showed positive returns “win big.”

Cermak praised the development of the ICO market, which peaked in 2017. He noted that the median ICO return in US dollars is currently -87% and continues to fall.

In his opinion, the collapse of the ICO market is primarily due to the different interests of investors and project founders. Unlike venture financing, projects raised money mainly from retail investors with the product in its earliest stages. At the same time, investors could not claim the assets of ICO projects.

The data on the total collection of ICO projects for all time varies - ICOBench claims that 5600 startups raised $ 64.5 billion, but other resources provide completely different data - up to $ 14 billion.

Assessing the profitability of ICOs is even more difficult, since many projects have already ceased to exist or their tokens are illiquid.

The largest aggregate fees were recorded in December 2017 - January 2018. At that time, a record number of tokensales was held.

The average amount attracted during one initial proposal according to a sample of 444 projects at Drops ICO is $ 36.2 million, the median - $ 18 million. In general, they raised about $ 14 billion, Cermak notes.

At the same time, only 10.8% of all ICOs still show a positive return, based on available data.

More than 74% of ICOs lost more than 90% in relation to bitcoin. Only 30 projects (7.7%) managed to surpass the first cryptocurrency. The top five ICOs in terms of growth in bitcoin included Binance Coin (5902%), IOTA (1744%), Ethereum (1339%), Lambda (962%) and ChainLink (668%).

In terms of the US dollar, the most profitable were Ethereum, IOTA, Binance Coin, NEO and Stellar.

In total, 11 projects demonstrated returns above 1000% paired with USD.