New data released by Token Report says the vast majority of tokens issued following completed ICOs are not in active use. Excluding Ethereum, just 20 out of 226 are in use
“While most tokens are bought and sold on speculation, Token Report has researched and analyzed which ones are being put to use on their various decentralized apps and platforms,” said Galen Moore, founder and CEO of Token Report.
“This type of data can help evaluate future investments and indicate larger trends in token utility.”
The projects with tokens in use are:
Spells of Genesis (EDS)
Pepe Cash (PEPECASH)
Book of Orbs (ORB)
Toke Report charges membership fees from investors, family offices and cryptocurrency exchanges. Institutions pay in Token Report’s cryptocurrency EDGE for database access via an API.
“This allows Token Report’s dollar-denominated revenue to grow with demand, without diluting the value of its research by over-scaling its user base,” the company said in a release.