What happened to Coinlist and when will the ICO boom again

Coinlist is more than a launchpad for “young” projects. The platform is designed as a centralized cryptocurrency exchange with all the necessary attributes: a trading terminal, a crypto wallet, quick exchange sections, token staking, etc.

The accelerator reached its peak popularity in 2021. After Bitcoin broke the $20,000 mark, the so-called “bull market” began. All cryptocurrencies grew at a high speed, and every day a dozen new crypto startups appeared on the market.

In 2021, Coinlist incubated 19 projects, including Mina Protocol, Immutable X, Biconomy, Qredo, and others. Most of the tokensales were successful and gave early investors good money. For example, having bought $IMX for $0.15, after listing on the exchange, users could sell the token for $7, which is 46 times more than their initial investment!

Token sales statistics on Coinlist (Cryptorank.io)

Due to high profitability of emerging projects, sales on Coinlist have become a lottery. The number of places for public sale is limited, so users have resorted to creating “account farms”. People registered all their relatives, friends and acquaintances for the token sale, and also bought accounts on marketplaces.

Soon, a reputation system (Karma) was introduced on the platform. Traders earn karma points for a variety of activities – staking coins, making trades, participating in token sales, etc. For the highest number of points, users receive a guaranteed place in the sale. Approximately 40% of slots are allocated to this category.

Reputation system on Coinlist (Karma)

Due to the fall of $BTC and the entire crypto market, projects are less likely to conduct ICOs. This also affected the Coinlist launchpad – the last token sale was on May 12th, and recently released projects (Agoric, Umee) did not bring users the expected profit, and some of them did not manage to break even.

Coinlist's strategy is clear at this point. The platform strives to maintain its reputation as the most profitable ICO accelerator, that is why it does not conduct token sales in a falling market. Despite 4 months of stagnation, Coinlist still outperforms its closest competitors (Tokensoft, Republic) in terms of statistics.

Profitability statistics of ICO platforms (Cryptorank.io)

Based on the financial markets cycles, the fall will end sooner or later, and a new phase of growth should follow. Only then Coinlist may launch a new series of ICOs. Therefore, the right strategy now is to prepare for future sales: pumping “karma”, increasing the number of accounts, accumulating a trade balance to participate in future public sales.