Methodology

This includes all sales that raised over $25,000 and did not return funds to initial backers. We attempt to verify all raise amounts using on-chain analysis and official statements from the project, though these results cannot always be completely corroborated. Self-described ‘pre-sales’ are typically combined with primary sale rounds unless the sale terms differ significantly, based on factors other than token price or discount. Sales separated by more than 30 days are considered separate sales for the same project. In the above chart, results of the year-long EOS token sale are counted separately for each month. All amounts raised in cryptocurrency are converted to USD using the relevant exchange rate at the end of the sale.