Introduction
CoinList has rapidly emerged as a central hub for new and innovative cryptocurrency projects and early adopters in the blockchain space since its founding in 2017. Initially launched to manage the Filecoin ICO, which raised $205 million, CoinList has grown significantly, positioning itself as the premier destination for ICOs and accredited investors looking for vetted blockchain investments (Ditto PR – strategy. execution. impact.).
Founding and Development
Founded by Kendrick Nguyen, Andy Bromberg, Brian Tubergen, Graham Jenkin, Joshua Slayton, and Paul Menchov, CoinList was spun off as a separate legal entity from a partnership between AngelList and Protocol Labs, following the success of the Filecoin ICO. It aims to provide financial services for the next generation of technology companies, focusing particularly on blockchain-related projects (CoinCarp) (Ditto PR – strategy. execution. impact.).
Growth and Offerings
Over the years, CoinList has shown remarkable growth and adaptability, significantly increasing its user base and expanding its offerings. Here are some key highlights from the past few years:
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2021: CoinList’s community grew by 42x, indicating rapid adoption around the world, with particularly strong growth in India, Russia, Turkey, Japan, Brazil, and Germany. It launched new services, supported the full crypto lifecycle from token sales through trading, staking, and governance, and raised $100 million in Series A funding to scale operations (The CoinList Blog).
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2022: Despite challenges in the crypto market, CoinList added over 1 million verified users, helped six top builders in crypto connect with communities of early adopters, and enabled users to earn $50 million in staking rewards. It also incubated 18 startups through CoinList Seed (The CoinList Blog).
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2023: CoinList continued to grow despite various headwinds in the crypto industry. It added over 600,000 new users, ran 5 community sales, and launched 3 new products. CoinList’s user base now spans over 170 countries, showing strong growth particularly in Europe and Asia (The CoinList Blog).
Mission and Impact
The platform’s mission is to empower builders at any stage of their journey by connecting them with high-quality early adopters. CoinList has facilitated community sales for numerous projects, adding hundreds of thousands of early adopters to top crypto projects. It also offers products like Testnets, cForm, and Staking Fund, aimed at supporting the ecosystem of builders and adopters (The CoinList Blog).
Financials and Fundraising
As of the latest available data, CoinList has completed two rounds of fundraising, cumulating a total of $19.2 million. The latest round in 2019 brought in $10 million in venture capital. Notably, the platform has attracted investments from prominent entities like Accomplice, Agman Partners, and Hashkey Capital (CoinCarp).
Regulatory Commitment
CoinList has also shown a commitment to regulatory compliance and reform, supporting initiatives like the Clarity for Digital Tokens Act, which aims to provide a safe harbor for token issuers, balancing innovation with investor protection (The CoinList Blog).
Through its growth, services, and community engagement, CoinList stands as a significant player in the blockchain and cryptocurrency ecosystem, bridging the gap between innovative projects and the global pool of investors and early adopters looking to participate in the burgeoning space.
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