Tell me in the end how much money the project collected during the ICO?
easyMINE ICO Report
At long last, the easyMINE ICO has come to an end. The sale itself, at least, because there are still a lot of things left for us to do before everything’s properly wrapped up. Busy times ahead.
First, however, we would like to take a moment to acknowledge all the people who supported us throughout the entire process and without whom success simply would not have been possible. To all token buyers, who put their faith in us and our project; to all pre-ICO participants, who stuck with us through the rocky start; to all bounty program contributors, who helped easyMINE gain much needed visibility; and to anyone else who offered assistance, advice, or encouragement — thank you. You made this happen.
You.
It was a heck of a ride and a major learning experience. We have a lot of thoughts we’d like to share — we’ll be posting more on the topic in the weeks to come. For now, here’s the easyMINE ICO in numbers.
Let’s start with the one thing everyone is most curious about. We raised a total of 3483.69 ETH. At 303.67 USD per 1 ETH (the exchange rate at the close of the sale), this corresponds to 1,057,892.14 USD.
Sure, with high-profile ICOs pulling in 50 or 100 times as much, sometimes in a matter of hours, a million bucks may not seem particularly impressive. We’ve said this before, though, and we’ll say it again: for a relatively small, down-to earth project, this is a very good result. Perhaps less than we hoped for (gotta dream big!), but certainly more than we expected. For the next 12–18 months we don’t have to worry about development costs, marketing expenses, or — you know — food. Lambos can wait until the next crowdsale. It’s OK.
Anyways… The duration of the easyMINE token sale, as defined in the smart contract, was 200,000 blocks on the Ethereum network. The ICO went live at block 4,198,704 (at 1:50:45 PM UTC on August 24, 2017) and concluded with block 4,398,704 (at 0:11:49 AM UTC on October 21, 2017). In “traditional” temporal terms, the crowdsale lasted 57 days, 10 hours, 21 minutes and 4 seconds.
Over the entire sale period, we sold 4,729,622.51 EMT tokens (17.5% of the 27,000,000 available). Approximately a quarter of these (1,082,822.89) went to pre-ICO buyers. 22,270,377.48 tokens remained unsold and were burned.
As the following chart shows, the overwhelming majority of tokens were purchased early on. Nearly 50% of the total sold on the very first day; 75% found buyers within the first week.
Daily token sales 8/24–10/20 (click to zoom).
There were 1,279 purchases, of which 1,147 were made with Ethereum and 132 with Bitcoin. The largest single purchase was a whopping 861,326.44 EMT (that’s the big spike on 8/27); the smallest — 0.37 EMT. The median purchase amount was 435.35 EMT.
Finally, the obligatory piece of useless trivia: roughly one out of every ten transactions failed due to insufficient gas. (Most were successfully completed on the second try. Sometimes, third. Or, in one case, eighth. But hey — as long as you get there, right?)
And there you have it. Right now, all our efforts go into rolling out the beta version of the easyMINE system and getting the EMT tokens listed on at least one cryptocurrency exchange. We hope to have some good news for you soon.
https://blog.easymine.io/easymine-ico-report-34cd51ee333d
