crypto news

Report: Less Than 10 Percent of Utility Tokens Actively in Use

Published 2 years ago by Bruce Haring

Report: Less Than 10 Percent of Utility Tokens Actively in Use

Block Tribune via

Token Report,  which maintains a database of verified information on initial coin offerings (ICOs), reports that just under one in 10 tokens (roughly 20) of the 226 completed ICOs in its database are actively in use. The report eliminated ethereum and focused on original utility 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,” said Galen Moore, Founder and CEO of Token Report. Of course, Token Report plans its own ICO.

Token Report is now in beta and relies on membership fees from the individual investors, family offices and cryptocurrency exchanges that are among the users in its private beta. Token Report includes a tiered membership model for individuals that limits accessibility without charging exorbitant monthly fees.

Once the database goes public, institutions will pay in Token Report’s cryptocurrency, Edge, for access to the database via an 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.

Coin spectator is an automated news aggregation service. All copyrights belong to their respective owners. Images and text owned by copyright holders are used in reference to and promotion of those respective parties. Read in Full

China: ICOs Are Illegal

The People’s Bank of China (PBoC), the country’s central bank, has banned individuals and organizations from raising funds through initial coin offerings (ICO). The central bank said that ICOs are ill ... Read More

Russia Could Adopt Cryptocurrency Law By The End of Fall

Russian parliament member Anatoly Aksakov recently revealed that proper cryptocurrency regulation may be introduced in the next few months. Aksakov, who leads the State Duma’s financial markets commit ... Read More

Reserve Bank of India’s Research Arm Plans Blockchain Platform

The Institute for Development and Research in Banking Technology (IDRBT), a research group founded by India’s central bank, is planning to develop its own blockchain platform, The Hindu Business Line ... Read More

EY Creates Blockchain-Based Integrated Mobility Platform

Accounting and services firm Ernst & Young (EY) has developed a new integrated mobility platform that uses blockchain technology to facilitate fractional vehicle ownership. Called Tesseract, the platf ... Read More

Ethereum Alliance Adds Perkins Coie to Legal Industry Working Group

Enterprise Ethereum Alliance (EEA) has added US-based international law firm Perkins Coie LLP to its Legal Industry Working Group. Perkins Coie will join the Legal Industry Working Group’s existing me ... Read More