Fundraising Analysis

There is not much information regarding the source of funding from the Quant Network itself since the project is leaning more towards the private company-like structure rather than a usual cryptospace project.

That said, the Quant Network raised $11M from an ICO back in May 11, 2018. The team decided to allocate roughly 31 million worth of $QNT for public sale in the ICO. The price per token in ICO was $1.58 USD, summing to the total amount of token sold 6.9 million. Those who participated in the ICO would receive the token by June 25, 2018. Holding the token from TGE until now would generate an astonishing return of 6932% (69.32x). The start of token generation would enable the ecosystem to operate efficiently with $QNT as the medium of exchange for services.

According to Crunchbase, there are several sources of funding with undisclosed investment value: Antonia Furtado through the secondary market on January 1, 2018, and Alpha Sigma Capital through Venture Round July 21, 2020, of which the partner is Enzo Villani.

XYO

As a leading-innovation in the geospatial industry, the XY Oracle Network successfully raised $12M of the targeted $48M from the ICO in late may 2018 on the course of 2 months period. Though the amount of the token is unknown, the price per XYO was $0.007 USD. Those who participated in ICO and kept on holding the token would gain an ROI of 225% or 2.25x.

According to Crunchbase and CBNInsights, the project has raised an undisclosed amount of investment value from Arthur Limma and several government contracts. Recently, the ecosystem launched a fund collectively with Outliers fund summing up to $20M to build around the geospatial industry. Its first funded project is Analog – a true Layer-0 protocol focusing on Proof-of-Time consensus mechanism.

Another important subject to note, the parent company of XYO: XY - The Persistent Company, publishes their financials through the SEC as a Reg A+. The company has reported a deficit of net income throughout the year 2019 and 2019: -$4,824,547 and -$1,967,793. The crypto assets held are mainly Ether and XYO.

LPT

The Ethereum-based video streaming hub platform decided not to pursue the usual method of funding (ICO) in the cryptospace, but instead they airdropped the LPT tokens to several eligible participants. In July 27, 2018, Livepeer air-dropped 63% of LPT’s initial supply to all Ethereum wallets holding at least 0.1 ETH shortly before the mainnet launch – this method is called a MerkleMine. The result was roughly 2.4 LPT dropped over 2.6 million wallets.

Before the initial airdrop, however, Livepeer has successfully raised several amounts of investment through seed round in May 17, 2017 and February 16, 2018, investors include Distributed Global, Digital Currency Group, Charge Ventures, and Box Group. The total amount raised was $3M. After the airdrop, Livepeer pursued several other venture rounds: Series A in June 17, 2019 with total amount invested $9M – Northzone (lead), StakeZero Ventures, Notation Capital, Libertus Capital, Digital Currency Group, Compound, Collaborative Fund, CoinFund, and Ben Rubin (angel); Series B in July 29, 2021 and recently January 5, 2022 with the total amount invested $40M – Digital Currency Group (lead), Northzone, CoinFund, Coinbase Ventures, Animal Ventures, 6th Man Ventures, Warburg Serres Investments, Tiger Global Management, and Alan Howard (angel).

ANKR

Built to ease the access to Web3 cloud-storage and optimize for efficiency, ANKR successfully raised $18.7M through an ICO back in September 21, 2018. The team decided to price the ANKR for $0.00666 USD per token. The initial goal was merely $2.75M, surpassing by 680%. The total available tokens for sale are 35% that of the total tokens – 35 million.

Just weeks after the ICO, ANKR attracted Ryan Fang – formerly CoFounder of Bounce – in an angel round with the money raised $120K, promoting him to become the COO of ANKR in November 19, 2017. Following through, in the course of mid-June 2018, ANKR raised a total of $27M in venture rounds with investors including Pantera Capital (lead), NEO Global Capital (lead), DHVC (lead), OK Blockchain Capital, Mapleblock Capital, Link VC, JLAB, JD Capital, and BlockVC.

Looking forward, the ANKR team has decided to develop the blockchain, specifically distributed ledger cloud-storage platform, by allocating $10M to developers that built their project using ANKR.

FTM

Another alternative to Ethereum, a.k.a. Another Ethereum-killer, Fantom builds its underlying fundamental paradigm by employing a Directed Acyclic Graph structure. To this end, the team decided to launch an ICO in mid-June. FTM successfully raised slightly above the hard cap – $39.65M of $39.4M. The total tokens available for sale was 40% of the total tokens, summing up to 1.27B. Those who participated in the ICO would receive the token on June 29, if it is held until now the participant would receive an astonishing return of 3530% or 35.3x.

Preceding the ICO, Fantom attracted several rounds of venture. The first round was on May 15, 2018, with an undisclosed value invested, the investor is Kosmos Ventures. Following through the ICO, Fantom successfully raised another venture round with the total amount invested $40M and investors including Signum Capital, Obsidian Capital, Nirvana Venture, Link VC, JRR Group, Hyperchain Capital, Elysium Venture Capital, DHVC, Bibox Fund, and Arrington XRP Capital.

Fantom decided to allocate $314M of its capital to pursue and develop its DeFi ecosystem on August 30, 2021. Furthermore, the protocol also employs a project incubation called FantomStarter. Most of the projects in the incubator are around DeFi. To date, Fantom raised over $1M for 5 projects in the course of a 30-day period.