Internet Computer Blockchain Ecosystem Project Fundraising Review and Outlook

The Launchpad infrastructure SNS (Service Nervous System) developed by the DFINITY Foundation aims to provide application developers with a one-click deployment DAO governance solution. In the past 10 months, 11 IC ecosystem projects have completed decentralized token sales on SNS and transformed into DAOs, raising approximately $20.6 million in total. Let's review the current status of these projects and look forward to future developments.

SNS1: From Experimental Coin to Game Governance Coin

SNS1 was initially a stress test for SNS by DFINITY, later taken over by the full-chain game Dragginz, becoming its governance token.

Launch time: December 10, 2022

Raised funds: 3141 ICP, approximately $13,800

Current Governance:

• The Dragginz development team holds 52% of the token share and voting rights.
• The price of SNS1 rose from 47 ICP at the beginning of June to 999 ICP, a 20-fold increase.

Future Outlook:

• Change the token name to DKP(Dragginz Karma Points)
• Retain 52% voting rights to control game content
• Staking DKP can earn in-game rewards

OpenChat: Decentralized Chat Platform

OpenChat is a decentralized chat application that combines the features of Telegram and Discord.

Launch Date: March 17, 2023

Raise funds: 1 million ICP, about 5.6 million USD

Current Governance:

• Basic functions are complete
• New users can directly initiate SNS proposals and voting within the program.
• The number of users increased from 83,000 to 110,000

Future Outlook:

• Develop new features such as voice, video, and API
• Launch of CHAT membership, invitation rewards, and other application scenarios

Kinic: IC Blockchain Search Engine

Kinic is the first fully on-chain Web3 content search engine.

Launch date: June 17, 2023

Fundraising: 509,000 ICP, approximately 2 million USD

Current Governance:

• Support searching for content on the IC Blockchain
• Improve Kinic through proposals and voting

Future Outlook:

• Expand to search for more Blockchain and decentralized storage network content
• Support advertisers to bid for advertising space using KINIC tokens.

Hot or Not: IC Version of TikTok

Hot or Not is a decentralized short video application that integrates GameFi elements.

Launch Date: July 13, 2023

Fundraising: 1.074 million ICP, approximately 4.7 million USD

Current Governance:

• Basic functionality has been implemented as a TikTok alternative
• Improve the platform through proposals and voting

Future Outlook:

• Launch Creator DAO Token
• Launching the NPhone NFT tier system
• Launch mysterious boxes for random airdrops

IC Ghost: The first meme coin on the IC Blockchain

IC Ghost is released through SNS, becoming a meme coin project fully governed by the community.

Launch Date: July 27, 2023

Raise funds: 20,000 ICP, about 84,000 USD

Current Governance:

• Complete early NFT holder airdrop, token burn and other proposals
• Fewer marketing activities

Future Outlook:

• Develop GHOST themed NFT marketplace
• Develop GHOST Theme Metaverse
• Launch community education program

Modclub: Decentralized Content Review Platform

Modclub provides AI-assisted content review solutions for SocialFi projects.

Launch date: August 25, 2023

Fundraising: 654,000 ICP, approximately 2.3 million USD

Current Governance:

• Core features available
• Completed early user airdrop, multiple system upgrades

Future Outlook:

• Integrate artificial intelligence to automatically filter suspected violations.

Catalyze: IC Version Discord

Catalyze is a decentralized community management platform similar to Discord.

Launch time: September 8, 2023

Fundraising: 602,000 ICP, approximately 1.98 million USD

Current Governance:

• Complete NFT holder airdrop
• Basic community features have matured

Future Outlook:

• Transfer online chat to the IC chain
• Develop features such as video chat, NFT gate, etc.

BOOM DAO: IC Full Chain Gaming Infrastructure

BOOM DAO is committed to providing a complete full-chain gaming infrastructure for the IC Blockchain.

Launch date: September 15, 2023

Fundraising: 408,900 ICP, approximately 1.2 million USD

Current Governance:

• Upgrade Tool via Proposal
• Hold a blockchain game hackathon event

Future Outlook:

• Establish a Game Makers Alliance
• Develop on-chain guild system
• Develop an on-chain multiplayer game framework

ICX: IC Version Twitter + Prediction Market

ICX is a SocialFi project that combines Twitter and prediction market features.

Launch Date: September 27, 2023

Fundraising: 150,000 ICP, approximately 440,000 USD

Current Governance:

• Temporarily disable the prediction market feature
• Posting requires a deposit of 1 ICP to prevent spam.

Future Outlook:

• Create marketing campaign
• Upgrade UI/UX
• Add tipping feature

Nuance: IC Version Medium

Nuance is a decentralized blogging platform, similar to Medium.

Launch time: October 2, 2023

Fundraising: 262,000 ICP, approximately 820,000 US dollars

Current Governance:

• Core features are complete
• Improve the platform through proposals and voting

Future Outlook:

• Optimize writer compensation and reader experience
• Add comment function
• Develop tip feature

Sonic: Early DeFi Project on IC Blockchain

Sonic is one of the first DeFi projects on the IC Blockchain, offering features such as Swap and liquidity mining.

Launch date: October 9, 2023

Fundraising: 519,000 ICP, approximately 1.5 million US dollars

Current Governance:

• Improve the platform through proposals and voting
• Token exchange for early LBP participants

Future Outlook:

• Develop perpetual contracts
• Launch xICP Staking Derivatives
• Develop on-chain dark pool

Note: This article is for informational sharing only and does not constitute investment advice. Readers are advised to strictly adhere to the laws and regulations of their respective regions and not to engage in any illegal financial activities.