The history of the CoinList project is connected to the launch of the Filecoin project - a decentralized data storage network based on blockchain technology. Filecoin decided to conduct an Initial Coin Offering (ICO) to raise funds for the project's development. However, conducting an ICO involves numerous legal and regulatory restrictions, especially after the introduction of regulations regarding cryptocurrency tokens.
To simplify the ICO process, the Filecoin team decided to collaborate with AngelList, a platform for job search in startups and investing in them. AngelList had a good reputation in the startup industry and could provide the legal and regulatory services necessary to comply with the law when conducting an ICO.
Thus, CoinList was launched as a joint project between AngelList and Filecoin to ensure a safe and compliant ICO process. CoinList offered a platform for conducting ICOs, participant verification, KYC (Know Your Customer) compliance, fund management, and other services necessary for a successful ICO.
During its existence, CoinList attracted many other projects to conduct their ICOs and fundraising campaigns. The platform also expanded its operations, offering investment opportunities and trading of digital assets on the secondary market.
CoinList has become a key player in the ICO and fundraising space in the blockchain industry. The platform provides investors with the opportunity to participate in the early stages of project development, and companies with access to a wide base of potential investors.
In 2018, 2019, and 2021, Coinlist successfully attracted investors and secured a total funding of $119,200,000. Notable investors included Electric Capital, Polychain Capital, Blockchain Capital, FBG Capital, as well as prominent figure Jack Dorsey, among others.
CoinList was initially created as a platform to facilitate the ICO of the Filecoin project, which aimed to build a decentralized data storage network. The successful launch of Filecoin's ICO on CoinList helped establish the platform's credibility and set the foundation for future projects.
In a Dutch auction, the seller sets an initial price per token and then units are sold beginning from the highest bidder downward until the auction “clears.” Participants place bids for the number of tokens they would like to purchase and provide the maximum price per token that they are willing to pay. Every participant is guaranteed an allocation, as long as their price is above the clearing price, regardless of their purchase amount and each successful participant buys tokens at the same price; and all participants collectively determine that price.
Two standout examples were the Celo and Solana auctions on CoinList that exposed the projects to thousands of bidders across 130+ countries.
Near Protocol became the first project to offer users a choice between multiple options with different token unlocking conditions and prices. This format gained popularity and continues to exist to this day.
Coinlist priority queue is a way to give preference to the early supporters of the token community and Coinlist community. It reserves % of the total token supply for these users. Early supporters of tokens like Miners/Stakers/Community members. It is necessary to reward their early community members as they are one of the early members of the project who trusted the token.
For CoinList community members, Priority Queue invites are based on a points system called "Karma," which recognizes value-added activities. The greater your contribution to token networks on CoinList, the more Karma you earn. Not all users receive an invite to the Priority Queue.
Launchpad is a more formal and structured token offering format on the CoinList platform. Under Launchpad, selected projects have the opportunity to conduct their token sales on CoinList with pre-defined structures, rules, and timelines. Launchpad typically has stricter participant requirements, including qualifications and geographic restrictions.
Community Sale is a more open and flexible token offering format on CoinList. Unlike Launchpad, Community Sale allows projects to conduct token sales with broader participant access. Community Sales can offer different participation conditions, including a wider range of investors and the opportunity to acquire tokens without strict limitations.
Coinlist provide founders with the necessary tools to successfully launch and expand decentralized products, foster community growth, and leverage robust compliance solutions.
– Community Sales: Establish a community of discerning token holders based on both on-chain and off-chain behaviors.
– RealDrops: Cultivate a carefully curated, targeted, and verified audience for your airdrop initiatives.
– Token Distributions: Streamline the automation of token vesting and distributions.
– Incentivized Testnets & Grant Programs: Source, onboard, and incentivize validators and developers for your testnet and grant programs.
– Grow: Engage with early adopters on CoinList through rewards, trading opportunities, and active participation in governance.
– Identity Verification: Ensure comprehensive compliance coverage by utilizing our robust KYC/KYB checks.
Since its inception, Coinlist has facilitated the successful token sales of 39 different projects, namely: Neon Labs, CyberConnect, Ondo Finance, Tribal icon, Axelar icon, Galxe, Nym, Stader, Agoric, pSTAKE, Umee, Guild of Guardians, Biconomy, Gods Unchained, Braintrust, ImmutableX, Qredo, Efinity Token, HUMAN Protocol, Swarm, VEGA Protocol, Centrifuge, Covalent, CLV, Mina Protocol, Rally, Casper, Flow, Near Protocol, Celo, Solana, Kadena, Nervos Network, Stacks, Algorand,Ocean Protocol, Origin Protocol, Props, Filecoin.
The average current ROI is 2.36x, and the average ATH (All-Time High) ROI is 65x.
Currently, only tokens from 9 projects are trading above 1x of their initial sale price, which is not considered a positive indicator. This situation highlights the fact that CoinList's success is heavily influenced by bullish market conditions, as only a small number of projects have been able to demonstrate their potential and technical robustness while generating profits for their initial investors.
ICOs are conducted on centralized platforms or exchanges. The project team is responsible for listing the token on exchanges after the fundraising. Trust is placed in the project team's reputation. Regulatory requirements may be stricter depending on the jurisdiction. Participation restrictions, such as KYC requirements or geographic limitations, may apply. Liquidity is contingent on the project's success and listing on exchanges.
IEOs are conducted on centralized exchanges, where the token is listed immediately after the sale. Trust is placed in the reputation and due diligence of the hosting exchange. Regulatory requirements may vary based on the jurisdiction and the hosting exchange. Participation restrictions, such as KYC requirements or geographic limitations, may apply. Liquidity benefits from the exchange's existing user base and trading volume.
IDOs are conducted on decentralized exchanges (DEXs), where the token is immediately listed. This provides more control and trust to investors through direct interaction with smart contracts. IDOs may have fewer regulatory restrictions, although compliance can vary depending on local regulations. They generally attract a broader investor base since anyone with a compatible wallet can participate. However, initial liquidity may be lower compared to centralized exchanges.
Here, there are dozens or even hundreds of projects with a current ROI less than 1x.
On IEO launchpads, the situation is better as the quality of the projects being listed is much higher. Additionally, the project receives immediate listing, and if it's on a top-tier exchange, it also gains access to a larger and more financially capable audience, which contributes to favorable token price performance.
There are not many ICO launchpads left, and essentially only Coinlist and Tokensoft remain in operation, with Tokensoft capturing only around 10% of this market.
As we can see, the trend of launchpads is diminishing, and community interest is waning. During the bull market, many launchpads hosted questionable projects that did not stand the test of time. As a result, the community now lacks trust in launchpads after the market downturn and subsequent growth.
Coinlist is changing its narrative and striving to become a platform for Community Sales.
Participating in Coinlist ICOs is also not seen as particularly advantageous. The competition is immense, with hundreds of thousands of participants in the public queue. Increasing Karma doesn't hold much meaning as it doesn't guarantee allocation. The only option is to secure guaranteed allocation through contributions to projects, but this is unrelated to Coinlist and relies on the user's analytical abilities, time, and effort. Predicting which projects will be listed on Coinlist and the specific actions that community members need to take to receive an allocation is extremely challenging.
