TokenInsight 2019 Crypto Market Annual Report

TokenInsight Market Intelligence Team Jan. 2020 TokenInsight.com TokenIn.cn [email protected] 20. Altcoins Mining 20. Altcoins Mining in banking 22. Applications 24. Blockchain Talents 02. Market Overview 02. Cryptocurrency Network 04. Network 06. 08. Funds 10. Cryptocurrency Exchanges 12. Futures 14. Regulation Overview 16. ICO&IEO Market 18. Privacy Coins 21. Blockchain Applications 21. Blockchain Applications Chain Market and Supply 23. Energy 15. The Future Regulation 15. The Future 17. STO Market Overview 19. Altcoins 09. (DeFi) 09. Decentralized Finance 11. Spot Exchanges 13. Non-Fungible Tokens 03. Bitcoin Market Overview 03. Bitcoin Mining 05. Bitcoin Contract Platform 07. Smart 01. Summary and Outlook 01. Summary Table of Contents Table

FIND, CREATE, AND SPREAD VALUE IN BLOCKCHAIN. 2

Options will start to including grow in 2020, bothoptions and OTC options. Exchange-tradedThe design of options products sophisticated is job, a only a exchange handful of service structure well designed products. The providersOTC options can financial service providers targeting at will beminers. issued by Regulation An increasing number regions of countries/ started regulation its journey cryptocurrency in with a positive attitude. 2019; mostly The spot exchange saturation market in is near 2019 yearly trading volume. Although multi- with 13 trillion trillion trading volume is we enormous, do believe significant that amount there of activities are in wash the still trading market. TokenInsight estimates they are still more than 50% whole market. fake volume in the 2019, and derivatives market made an outstanding monthly trading perfor volume than mance. rose ten more times The during 2019, with an increasing listing from billions on exchanges. USD However, the volume is derivativesstill from the most top four exchanges. trading Ethereum community two hard experienced forks in 2019, significant and gained development chain ETH technology. token performs on cross- relatively ordinary with a peak in June ETH 2019. still However, holds second place in the s market o p with h i s the t i community. c most a t e d e c o sDeFi, y s as t e the m next generation financial a n of d the ecosystem,capability in showedblossom 2019. of its We DeFi projects expect in and 2020 a stable in users coins and both DeFi together staking. added services will start Value to gain strong with traction in 2020, especially oracles. Exchanges The industry was re-organized tremendously in NASDAQ. The will be supported by the new generation 7/8 nm mining machines after its halving. A number of services financial are products holders & available and investors to for risks. hedge Bitcoin the and DeFi Ethereum Ethereum Ethereum is on its though way to it ETH 2.0 wasPrivacy and data protection somehow protocols are delayed. maturing. Consortium Blockchain continuously enterprises. to be adopted Bitcoin by Bitcoin, with the ROI of around YoY, 80% is one of assets the in best 2019. performing With more recognised the Bitcoin, countries the traditional money is starting to engage with the market. Furthermore,"digital Bitcoinderivatives gold" as financial with trading volume. steady increasing products emerge and of The Bitcoin hashrate is rapidly growing up investment this continues layout into year; the mining industry, and Canaan listed on the venture the actual world been applied to the real blockchain applications Blockchain Technology The Bitcoin tremendously. growing Lightning Network is Though we still see some Ponzi fraud like games, becomes the more whole projects sophisticated. with no practical market application The started to die off, and we are seeing Staking push the market Facebook further up. Libra project world attracts the focus; the At the end of the year, technology. then, the blockchaincryptocurrency regulation started tightening up. in China The market shows a quality trend of high- projectsquality coins in outperform 2019: started low with market a low- cap at the the beginning year, of following by market; concepts like the DeFi and the the IEO bull blockchain industry. The and concept of cryptocurrencyevolved from a geek-game to a widely blockchain accepted industry market traction overall. with increasing 2019 is a significant year for the Summary and Outlook and Summary

FIND, CREATE, AND SPREAD VALUE IN BLOCKCHAIN. 3 15. It is expected that the total volume of the cryptocurrency derivatives trading will reach more than twice than spot trading volume in 2020 than twice than spot trading volume more derivatives trading will reach of the cryptocurrency 15. It is expected that the total volume market the broader at will be launched targeting products 16. More 17. Altcoin mining and staking will gain market strong attention, and mining pools will start to integrate Altcoin PoW & PoS mining and staking to their services differentiate market condition in 2020, it is overvalued at least based on the current 18. will launch its mainnet competition in 2020, paving the way of fierce will be launched 19. Diversified financial products but most will be healthy and progressive oversight, regulatory 20. The industry will see an increasing the potential of blockchain technology to explore will be initiated projects central bank 21. More be launched. Other will continue the path of Libra even it failed as a pioneer will most likely 22. Libra project Outlook 2020 Outlook 1. The cryptocurrency market will see market foundation for a bull a stronger move in 2020, coupled with of Bitcoin in the short termhave a limited impact on the price halving should long run but will have a positive impact in the 2. The 3rd multiple halving events in the space, solidifying healthy way market in a more an Alts bull run to distribute the decline followed by will see a reasonable 3. Bitcoin dominance the market 3.0 applications of the Web and the growth value backed by DeFi movement, in network growth will see strong 4. Ethereum etc components, such as Oracle, DAOs, on the integration of value added focus more its pace in 2020 but will start to 5. DeFi will continue 6. Non-fungible tokens will see a sharp increase in ecosystem cryptocurrency market interest combining with the current DeFi solutions to bring a growth others will see a reasonable platforms7. by Ethereum, will still be dominated unique value to the positions other secondary layer technologies will also have their own market growth, 8. Lightning network will continue its its value in 2020 some of 9. Privacy technologies will realise 10. Bitcoin, and Ethereum will see the initial Mimble-Wimble integrations Protocol of and privacy AZTEC layers, namely Taproot/Schnorr, by market cap 10 projects to enable privacy on 3 of the top respectively Protocol business opportunities institutions will step into the stablecoins market to explore number of traditional financial 11. An increasing will spark market interests dormant, but high-quality projects relatively 12. ICO & IEO market will remain but the market will see decent growth in 2020, 13. STO still will not be the mainstream 14. Following a 28% decline in trading volume in the fourth the quarter, cryptocurrency spot market is forecast to continue to exchange industry may continue to be pressured the first quarter of 2020, and the spot be depressed for system-wide in the future. system-wide in the future. suit for Blockchain80% of technology. the worldwide 100 are biggest involved with banks technology. the We expect that Blockchain the technologyapplied to will the be financial industry applicable. It is unnecessary to use Blockchain to already those have industries a system. highly efficient Financial industry is the perfect Blockchain is a can be technology applied to many industries that with certain advantages like high transparency and decentralization. H o w e v e r,Blockchain w e is m u not s t universally a d m i t derivatives fund 2019. The in blockchain technology Decemberattracted much attention from the Chinese policymakers. Blockchain Application the cryptocurrencylicense, and exchange it formalise is the expected processSingapore to in started 2020. business licensing the in SEC crypto 2020. approved The the first Bitcoin Hong Kong is considering to issue Summary and Outlook and Summary

FIND, CREATE, AND SPREAD VALUE IN BLOCKCHAIN. 4 Source: TokenInsight Source: 2019 Year End 2019 Year 2018 Year End 2018 Year ), reached its , and hovering by the year end. ~$125B $340B with coin $200B , trending upwards and The Bitcoin dominance started at ~53% reached ~71% during the period. Altcoins suffered in July 2019, TI index increased around YoY 50% The total cryptocurrency market market began capyear at its the low ( of thelocal top of ~ ~ around The top 10 projects by market cap d e m o n s t r a tpositions, e s t ro ngained to the top 10 list. g m a r k e t 2019 12/8 12/17 11/7 Market Cap 2018 10/28 10/7 9/6 9/8 8/6 7/20 7/6 6/5 5/31 5/5 Total Market Cap Total Bitcoin Dominance 4/4 4/11 3/4 2/20 2/1 1/1 1/1 $0B 0% 53% 27% 80% $133B $267B $400B recovered partially in 2019 in partially recovered Cryptocurrency Market Overview Overview Market Cryptocurrency market the general with position, gained consistently dominance Bitcoin

FIND, CREATE, AND SPREAD VALUE IN BLOCKCHAIN. 5 Source: TokenInsight Source: 100% 80% 60% 40% Yearly Holding Period Return Yearly , whereas the S&P 500 20% 0% Gold Bitcoin Bitcoin’s yearly Bitcoin’s holding period return is roughly 92% scored 28% return.assets, Bitcoin is Across the best performing asset in 2019. global S&P 500 Thai Baht SHCOMP CeFi Lending DeFi Lending AU Cash Rate USA Fed Rate China 1 Yr Deposit 12/8 with an 10/27 9/15 Interest Over Time Interest 8/4 6/23 5/12 Bitcoin Google Trends 3/31 2/17 Google search correlate with the price trends trend increase in keyword search in the first half data alsoof the year, reaches its top in late June, of 2019. and cools down in the 2nd half 1/6 0 67 33 100 2019 12/17 10/28 9/8 2018 7/20 $7K range in the last 5/31 . Bitcoin Price 4/11 2/20 started climbing to the local top of 1/1 2019, $12K+ in mid-2019 Bitcoin was trading at month of 2019. Bitcoin started its 2019 in a trend, bearish reached price its yearly low in late Jan 6,000 Bitcoin Market Overview Overview Market Bitcoin class all asset performing is the best Bitcoin across in 2019 asset 12,000 18,000

FIND, CREATE, AND SPREAD VALUE IN BLOCKCHAIN. 6 2019 2019 11.466 748,446.133 Source: JDCloud, TokenInsight Source: 22.6% 11.3% ↑ ↑ 2018 >10 Average Tx volume >10 Average 2018 10.301 > 10 No. of BTC weekly Tx > 10 No. of BTC 610,298.539 12 11 11 600,000 400,000 200,000 800,000 to 12/8 11/4 , Miners' 10/1 $280 million 8/28 7/25 43% decrease 6/21 5/18 2019 4/14 YOY, YOY, a Bitcoin Network Hashrate Bitcoin Network 3/11 2018 2/5 1/2 0E Transaction Transaction fees dropped from $160 million income is still heavily rewards dependent at on present. growing trend of We large transactions based can on the on-chain transaction data. also discover a 80E 40E 120E US$0 US$9,000 US$4,500 yearly US$18,000 US$13,500 12/1 10/25 9/18 Tx Fee % 2018 Tx Fee % 2019 Price 2018 Price 2019 , on an absolute term up 8/12 7/6 5/30 Bitcoin Transaction Fees Bitcoin Transaction 4/23 3/17 2/8 1/2 more more than 220% YOY, with the network hashrate peaked (~100 EH/s) in late October 2019. The number of Bitcoin at ~10K. node is roughly Bitcoin network hash rate increased significantly, average up 79.3% from 2018 Bitcoin needs to become “expensive" “expensive" to become needs Bitcoin Bitcoin Network Network Bitcoin reward; Coinbase on the still rely and miners up, rate is climbing Hash 10% 20% 30%

FIND, CREATE, AND SPREAD VALUE IN BLOCKCHAIN. 7 ,TokenInsight BTC.COM Poolin 17% BTC.com 15% AntPool 10% ViaBTC 6% 7 Days 4% 4% 5% 5% 5% 17% 12% Others F2Pool unknown SlushPool okpool.top .pool 1THash&58COIN Source: , Canaan, Bang IPO Prospectus, Bitmain, Canaan, Bang IPO Prospectus, Source: Mining Pools BTC.com 17% F2Pool 13% AntPool 12% Poolin 12% 1 Year 4% 5% 6% 7% 8% 8% 9% in the short term, F2Pool and Poolin have exceeded BTC.com. Others BitFury ViaBTC unknown BTC.TOP SlushPool Huobi.pool cantly. Although the Since 2019, the 's rank has changed signifcantly. one-year cumulative computing power for market, BTC.COM still leading the The distribution of hashrate in the top tier mining pools is greatly affected short term. in the manufacturers of mining hardware by the market shares As of the end of 2020(Predicted) 63% 10% 18% 7% ~2% 100% Cloud Mining 2019 55%-58% 20%-25% 10%-15% 5%-7% ~5% 100% most popular. the 3rd halving, there are more cloud mining products, indirectly fects re that the market which is overall positive on the Bitcoin h a l v i n g constantly building the products. e v e n t a n d t h u s 0.5-1 year contracts are the 70% 56% Manufacturers Bitmain MicroBT Canaan Ebang Others 42% 28% Ranking 1 2 3 4 5 Total 14% 0% >730 Days Shares ASIC Mining Hardware Market SHA-256 <=140 Days (365D, 730D] (140D, 365D] manufacturers in 2019 account for 95%+ of the total market of the total for 95%+ account in 2019 manufacturers Bitcoin Mining Mining Bitcoin 4 the top and is concentrated, manufacturers hardware mining ASIC of SHA-256 The distribution

FIND, CREATE, AND SPREAD VALUE IN BLOCKCHAIN. 8 of 12/17 Source: BitcoinVisuals, 1ML Source: 10/28 Without Channels With Channels 9/8

7/20 5/31 Lightning Network Channels 5000 channels. 4/11 Europe Europe and North America shared 90%+ 2/20 1/1 6,000 4,667 3,333 2,000 0 7,000,000 3,500,000 10,500,000 14,000,000 The amount in BTC locked in the Lightning Network increased significantly in H1 2019, decreased gradually performance. in H2 2019, somewhat The Lightning channels Network’s have increased correlated rapidly in early 2019, overall the No. with to nearly doubled YoY Of Channels almost the Bitcoin’s The nodes are distributed globally, with the identifiable network nodes. and a peak capacity of 1k+ BTC. to 10K+ nodes Lightning Network grew 12/31 12/8 BTC USD 11/7 10/7 9/6 8/6 North America Europe Asia-Pacifc South America Africa 7/6 6/5 45% 5/5 Lightning Network Capacity 4/4 Lightning Network Node Distribution Lightning Network 3/4 2/1 1/1 0 1% 8% 1% 46% 400 800 Channels Lightning Network and Second Layers Layers Second and Network Lightning in terms and No. Of value network the growth a healthy saw Network Lightning 1,200

FIND, CREATE, AND SPREAD VALUE IN BLOCKCHAIN. 9 Source: TokenInsight Source: 174% 180% Most of the top in the smart projects contract platform classification performed poorly in 2019. 120% 2019 Price YOY 60% 34% 15% 1% 0% -4% -12% -12% -20% -31% -60% -93% 400 300 200 600 500 12/19 11/17 10/16 9/14 8/13 7/12 TI Smart Contract Platform Index (Right) TI Smart Contract 6/10 5/9 4/7 3/6 TI Index (Left) 2/2 Smart contract platform has outperformed the market in H1 2019 Smart contract platform has 1/1

When the market rises, SC platforms outperform the market market hype. concept generates blockchain infrastructure” since the whole “revolutionary bets should, of course, be worse off. those who took more When the market loses hope, 300 833 567

The index shows a sector interest related to the SC platforms to the market: related on The index shows a sector interest • • Based on the TokenInsight’s industry can be built DApps upon. Platforms) that are classification system, smart contract platforms (SC 1,100 platforms were ‘beaten’ by the market in the H2 2019, outperformedthe H2 2019, in by the market ‘beaten’ platforms 2019 in the H1 the market were Smart Contract Platform Platform Contract Smart the performance SC market), of the crypto Index (reflecting the TokenInsight’s to Compared

FIND, CREATE, AND SPREAD VALUE IN BLOCKCHAIN. 10 Source: TokenInsight Source: The China Standards Standards The China technology creates a distinct path for SC PlatformsBuilding blockchain systems in and for the government. softwares China — I n s t e a d ecosystems, o f Chinesec b u o i n l d n projects i e n governments deals. to source g c t t h e w i i r tThe h differences t in h the e may lead to two long different types of l run o cblockchain ecosystems. a l C h i n acryptocurrency ’ s a t but t i blockchain t u d e o f n o t Data Privacy & Security Data Privacy ownership and personal data. use rights of One of the major benefits of Platform SC is its code transparency and its applications. 2019 has seen the exploration in data privacy and and TEE security. are the MPC major areas that been explored. Several have launched projects their mainnets and development. achieved sufficient Blockchain and smart contracts are the best solutions to separate the Scalability & Efficiency & Efficiency Scalability

levels. Chain Computation, Sharding and directions. the future others are For 2020, we breakthrough need on to the see application the been achieved. SC Platforms stay at a relatively efficiency compared to centralized low system. transaction State Channel, Side Chain, Off- Most of the SC platforms at remain the research and instead of the real application. The building level TPS improvement target has not

Smart Contract Platform Platform Contract Smart to the test the scalability will bring 2020 year of #BUIDL, was the 2019

FIND, CREATE, AND SPREAD VALUE IN BLOCKCHAIN. 11 12/22

11/17 and also has 10/13 Source: Coinmetrics, Etherscan, TheBlockCrypto Source: 9/8 8/4 Ethereum nodes Ethereum at the end of the 2019: ~8,000 6/30

5/26 Interest Over Time Google Trends Trends Over Time Google Interest 4/21 3/17 in 2019. 2/10 Comparing the price of ETH with peaked in mid 2019. its google trends, they both Ethereum’s price in 2019 is lower than in lower volatility. 2018, Most of time, Ethereum’s network hash lower than 200T hash/s. rate is No. Of Ethereum’s by increased address 54.7% 1/6 7 4 0 11 0 45 90 67.5 22.5 12 12/31 12/3 11/17 Price2019 Price2018 11/5 10/16 10/8 9/14 9/10 8/13 8/13 7/12 7/16 Average Hashrate (hash/s) 2019 Average Hashrate (hash/s) 2018 Average Counts (million)(Right Aligned) Address 6/18 6/10 5/21 5/9 4/23 4/7 3/26 3/6 2/26 2/2 1/29 1/1 1/1 $0

0T $933 $467

100T 300T 200T Ethereum Ethereum stable and more lower rate are hash and network price 2018, Ethereum’s to Compared $1,400

FIND, CREATE, AND SPREAD VALUE IN BLOCKCHAIN. 12 Source: Etherscan Source: $13.3m - $6.9m $2.6m - Mkt cap. (Dec 31, 2019) Mkt cap. (Dec $6.0m - CELR - OST POA - Symbol RDN - Ethereum layer 2 solutions Ethereum with two hard forks occurred. forks occurred. with two hard Ethereum hard Constantinople occurred on 28th Feb, 2019, at block number 7,280,000. Ethereum hard fork Istanbul occurred on Dec number 9,069,000. 8, 2019 at block The block rewards and block time changed significantly in 2019 Project Raiden Connext Celer Plasma OST POA Network Skale ZK Rollup and Optimistic Rollup 21 16.5 18.75 14.25 12/8 11/7 Development Early stage Progressive development and trending Emerging 10/7 9/6 block time (seconds)(Right Aligned) block rewards 8/6 7/6 State Channels Sidechains Rollups 6/5 5/5 4/4 3/4 2/1 1/1

14,000 12,000 20,000 18,000 16,000 Ethereum Ethereum 2019 in is apparent progress development solutions’ scaling Effective

FIND, CREATE, AND SPREAD VALUE IN BLOCKCHAIN. 13 Compound_v2 dYdX Maker Molochdao Nuo Network Set Veil Total bZx Compound 11/17 Oracle below $5m. 10/8 in market cap (from $104m to 8/29 506% 7/20 Up rapidly at 2019. $630m), Chainlink grew Band started Protocol and in Tellor 2019 both had market cap published by TokenInsight. Source: DeFiPulse, DeFiPrime, Alethio, DuneAnalytics Source: published by TokenInsight. 6/10 5/1 3/22 Total Value (ETH) locked in DeFi (in Million $) (ETH) locked in DeFi Value Total 2/10 1/1 3 2 1 0 2019 DeFi Industry Annual Research Report 2019 DeFi Industry Annual Research Derivatives of the SNX supply being locked (from $2m to $180m). (from Total Total Value Locked (TVL)in Synthetix jumps 89x ~84% away in the network. For More Information Please Read For More Staking Asset Infrastructure Dex DAO Lending & Payment Derivatives Insurance Marketplaces of Assets Tokenization Analytics and Data service sUSD sETH sBTC Others 48% 22% 12% 12% 4% network 6% of Synths within the Distribution DeFi Project DeFi Project Distributions projects in DeFi to create and bring the DeFi 6% 13% 250 2% 13% 5% 1%

6% 7% 40%

Over concept to the general public. 3% DeFi ecosystem DeFi DeFi DeFi in the components of value added the integration on more will focus 2020

FIND, CREATE, AND SPREAD VALUE IN BLOCKCHAIN. 14 USDC PAX BUSD USDK /SAI GUSD TUSD Stable_USD USDQ EOSDT sUSD 12/17 11/12 of TVL based on non- 10/8

9/3 EOSREX: reached an all time high total value locked of $733 million. 24% Ethereum 7/30 6/25 published by TokenInsight. Source: DeFiPulse, DeFiPrime, Alethio, DuneAnalytics Source: published by TokenInsight. 5/21 4/16 Lending —$850 Million in TVL Lending —$850 3/12 2/5 The Stablecoins Market Landscape (million $ , Excl. USDT) The Stablecoins Market Landscape 1/1 0 400 200 600 of TVL based on Ethereum Ethereum of TVL based on 2019 DeFi Industry Annual Research Report 2019 DeFi Industry Annual Research 76% Maker accounts for 75% of the users in the ETH DeFi. Compound accounts for 12.75% of the users in the ETH DeFi.

at bZx

For More Information Please Read For More Nuo Network Nuo

We believe the market of We decentralized stablecoins will a substantial increase score with its value growing least 5 times.

dYdX InstaDapp

Stablecoins

Compound

Synthetix

EOS REX EOS Maker Total Value Locked (USD) in DeFi Lending (Million $) Locked (USD) in DeFi Lending Value Total

0

80 peak. Multi-collateral DAI launched on Nov 18, 2019. $500 million to USDC crossed compete with USDT ($4.1 billion). DAI reached $100 million at its DAI reached DeFi DeFi in 2020 its pace continue will stablecoins lending and DeFi 320 240 160 400

FIND, CREATE, AND SPREAD VALUE IN BLOCKCHAIN. 15 419 > 25 Source: CryptoFundResearch Source: 11-25 of crypto funds have

804 6-10 Employees < 6 Over 70% less than 10 employees. 59 116 210 403 10-50 million > 100 million 804 of the crypto funds have less

50-100 million < 10 million Assets Under Management Assets Under Half than $10 million AUM. 57 109 235 crypto investment funds: Types, AUM and No. Of Employees. AUM funds: Types, crypto investment

804 425 crypto

150 active Types

804 Hedge Fund Capital Venture Private Equity/Other

24 The crypto hedge funds exceed VC funds in number. crypto There are around hedge funds. 355 Crypto Funds Funds Crypto the rise steadily on are funds of Crypto The No.

FIND, CREATE, AND SPREAD VALUE IN BLOCKCHAIN. 16 possible Source: CryptoFundResearch Source: TokenInsight TokenInsight believes Compared Compared to last the year, crypto funds shows AUM relatively growth overall, slow d u e t o of the market. recovery t h e g r a d u a l 2019/4/1 China/Hongkong, however that the figure is much “unidentifiable” larger if we incorporate exchanges, market making firms, offshore shadow crypto crypto funds, etc. funds under e.g. Nearly half of the funds (391) are based in the US, and less than half of the US-based crypto funds are with the SEC. registered There are 84 identifiable crypto funds in Mainland 2018/4/1 Growth of Crypto AUM ($ million) of Growth 173 $0 2017/1/1 $6,667 $20,000 $13,333 391 Registered Unregistered while 66.67%, 218 50.7%, 391 The number of crypto funds launched drops the number of crypto funds by closed increases with the correlated market. cryptocurrency 140 2019 70 145 Distribution of Countries/Regions Distribution 84 55 42 284 26 24 21 16 launch 2018 42 UK U.S China Other close 0 Canada

60 Australia Germany 120 300 240 180

Singapore Crypto Funds Funds Crypto gradually still recovering are funds (AUM) Crypto Switzerland

FIND, CREATE, AND SPREAD VALUE IN BLOCKCHAIN. 17 3500 7000 12/15 14000 10500 Bitfnex 12/15 11/5 11/17 the rankings of 10/16 9/22 Coinbase Pro BitFlyer published by TokenInsight. Source: TokenInsight. Source: published by TokenInsight. 9/14 8/9 8/13 7/12 6/26 Huobi Global KuCoin 6/10 5/13 5/9 OKEx 0.78 4/7 3/30 Overall Market Daily Trading Volume [unit: $Billion] Volume Trading Overall Market Daily 3/6 Binance Liquid Trading volume of Top 10 Exchanges in 2019 [unit: $Billion] 10 Exchanges volume of Top Trading 2/14 2/2 2019 Cryptocurrency Spot Exchange Industry Annual Report 2019 Cryptocurrency fcient coef The correlation between spot trading volume and BTC price: 1/1 The top 40 exchanges ranked by total annual trading volume accounts for 82% of the entire trading market (254 exchanges); exchanges change significantly within the volume still cannot be underestimated. year, and the wash trading 1/1 96 72 48 24 120 6,000 5,000 4,000 3,000 2,000 1,000 20% , compared For More Information Please Read For More 18% 16% 48.29% DEX 0.01% CentralizedExchanges 99.99% 12% , accounts for ~ 0.01% of the 12% 8% BTC overall trading volume dominance Others 51.71% 6% more more than $1.7 6% 6% 4% of 227 exchanges surveyed support USD deposits of 227 exchanges surveyed support BTC

JPY estimated to be market. entire 18% The total trading volume of decentralized exchange in 2019 is BTC trading volume dominance dropped to with 2017, during which significantly. diversity has improved market’s was at 80%, the In 2019, spot exchanges. cryptocurrency TokenInsight has investigated more than 300 EUR GBP USD 48.29% KRW

Spot Exchanges Exchanges Spot trillion $13.8 reached in 2019 volume market trading spot The total

FIND, CREATE, AND SPREAD VALUE IN BLOCKCHAIN. 18 Source: TokenInsight. Source:

972.83 1,000

85% 90% XRP 5Online BSV 3Online ： ： 869.36

LTC 6Online ETC 4Online OKB1Online 750 660.90

Top 3 Ratio to Market Top 4 Ratio to Market Top BCH 6Online TRX 4Online BNB1Online However, the vast majority of However, 500

EOS 9Online EOS 9Online

ETH 11Online ADA2Online 250 148.71

102.28 67.97 BTC 12Online 32.41 29.86 22.83 20.56 10.46 1.14 [unit: $Billion] BitZ Deribit KuMEX Gate.io BitMEX market derivative Huobi DM Although a number large of newly launched exchanges futures have emerged in 2019, most of the exchanges that were originally spot- only also started to derivatives. offer by the top tier exchanges. processed still be transactions are The booming Binance JEX cryptocurrency cryptocurrency 12/5 11/9 Spot Volume 10/14

： 9/18 throughout the year throughout Daily Average Daily Average Volume $8.5 Billion 8/23 7/28 Futures Volume Futures 7/2 6/6 Although the US Commission(CFTC) has Trading endorsed Commodity Futures the Bakkt exchange, Bitcoin which futures has attracted much attention this its year, trading volume is less than expected. cryptocurrency futures futures cryptocurrency 5/11 4/15 3/20 204,614 Second Half BitMEX_XBT/USDT 99.94% Bakkt 0.06% trading volume in trading volume 2/22 2019Q4 Bakkt and BitMEX Trading Volume Comparison Volume 2019Q4 Bakkt and BitMEX Trading 111,036 First Half 1/27 52,500 210,000 157,500 105,000

$3 trillion [unit: $Billion] 1/1

30 15 90 75 60 45 105 of billions USD of billions Futures Exchanges Exchanges Futures to tens billions times from than ten more trading: of futures The year 2019:

FIND, CREATE, AND SPREAD VALUE IN BLOCKCHAIN. 19 Source: BloxyInfo, Etherscan Source:

will be issued as NFTs will be issued as NFTs

starts the popularity of NFTs starts the popularity total transactions at Nov.17, 2019 as Gods Unchained total transactions at Nov.17,

NFTs with daily transactions over 50 NFTs a NFT contract recognized by Microsoft, LVMH ,and ConsenSys LVMH by Microsoft, a NFT contract recognized of all tokens are NFTs of all tokens are 3.72M NFTs trading enabled cards Tickets 20,000 UEFA Aura will apply industry-wide However: Current Situation: Situation: Current Crypto Kitties 1% 25 in 3,271

MCP 370 Txs Resource

(Dozer) 780 Txs Non-fungible Tokens 3,271 Tokens Dozer Doll

Item 900 Txs Knight Story

(CK) 2,400 Txs Crypto Kitties Top Ethereum NFTs and Daily Transactions: and NFTs Ethereum Top 235,753 Tokens Fungible Tokens

Gods Cards Cards

10,000 Txs Unchained 2020 Non-Fungible Tokens Tokens Non-Fungible in applications and gaming ID related by widely adopted will be (NFTs) tokens Non-fungible

FIND, CREATE, AND SPREAD VALUE IN BLOCKCHAIN. 20 Source: TokenInsight Source: positive countries/ countries/ toward blockchain toward

regions hold a regions 12 out of 30 12 out of attitude initiated the official regulation process on blockchain in last three on blockchain in last three process regulation initiated the official Regulation strike the market in short-time, but good for industry in long termRegulation strike the market Total Market Cap of Cryptocurrency Total Countries/ Regions start regulation 27 countries/ regions 27 countries/ regions years. ： the long termthe long Regulation Regulation in the industry for but positive short-time, in the market strikes Regulation

Legend

FIND, CREATE, AND SPREAD VALUE IN BLOCKCHAIN. 21 0 75 50 25

100 Dec-16 Source: TokenInsight Source:

24-hour Volume( Bliilon USD Right Axis) 24-hour Volume( Oct-28

TI Index Oct-2 0 467 233 700 doubled than the day market-wide volume climbed to

$117.6B,

As China declares, blockchain is a crucial

as the People's Bank of China started tightening October, 2019: 24-hour October, 2nd place all-time high before. technology. 2019: November, TI Index dropped almost 25% in 10 days exchanges. on cryptocurrency regulation payment payment system based instead of on trust, allowing any cryptogrammic two willing parties proof to transact directly with each other party. without third for a trusted the need : What is needed is an electronic

Regulation Regulation in 2020 on China depends It highly confidence? rebuild game or Geek

FIND, CREATE, AND SPREAD VALUE IN BLOCKCHAIN. 22 Dec-19 ICObench Source:

Russia (111) Oct-19 Sinapore (221) Sinapore

Ongoing Completed Raised Aug-19 Jun-19

ICOs (Jan. - Nov. 2019) ICOs (Jan. - Nov. Apr-19 Feb-19 Estonia (121)

successful Dec-18

UK (160) Oct-18

*Number of

Aug-18

USA (197) Jun-18

Apr-18 Feb-18 0 500 400 300 200 100

#ICOs Top industries with Top . The overall quantity of Platform (1,000+) Business Services (400+) Cryptocurrency (700+) Cryptocurrency million USD avg. raised in 2018 million USD avg. raised in 2019 11

is the leading country with the most 9.3 USA

bottom benchmarks raised in 2018 raised in 2018

UK (400+) , and completed in 2018 completed in 2018

USA (700+) Singapore (500+) Singapore 1,056 Top countries with #ICOs countries with #ICOs Top 2,447 ICO Projects raised in 2019 raised ICO Projects Ethereum ICO Projects completed in 2019 completed ICO Projects 322 923 billion USD fund raised in 2018 billion USD fund raised in 2019

Waves (100+) Waves 11.6

Separate blockchain (50+) 2.9 Ethereum (5,000+) Ethereum

Top platforms with #ICOs Top successful ICOs. In 2019, the ICO market was hitting the successful ICO is only one-third of that of 2018, as well as the total raised fund. The largest ICO platform is still 2019 ICO Market Overview Overview Market ICO 2019 2019 in shrinking continues ICO market

FIND, CREATE, AND SPREAD VALUE IN BLOCKCHAIN. 23 ) ) ) -91% -99% -89% BTT PERL ($7M) ($7M) Binance Binance CELR ($6M) Binance

TOP (ROE: CELR (ROE: Top loser Top BLOC (ROE: ($7M) MATIC MATIC Binance Source: ICObench, PwC, TokenInsight Source: OMI ($11M) PLG Bitforex OKEx

($19M) ($16M) LAMB Gate.io FET ) ) ) ($6M) Binance 235% 304% 229% Binance ONE ($23M) ONE ($23M) TOP Huobi ($15M) Gate.io Top gainer Top DREP ($22M) LAMB (ROE: GMAT (ROE: GMAT MATIC (ROE: MATIC IEO projects with highest raised funds raised funds highest with IEO projects Kucoin VBK ($7M) Bittrex MTV ($16M) MTV ($16M) OKEx BLOC ($15M) 0 30 15 60 45

43.5%,

BitMax Launchpad BitMax

nex f Bit ABCC Launchpad ABCC

# of IEOs Raised fund (Million USD)

Bibox Orbit Bibox Bittrex

launching new IEOs by the end of July. IEOs by the end of July. launching new

KuCoin spotlight KuCoin Huobi Prime Huobi

, and decreased afterwards. afterwards. , and decreased Bitforex

Binance Launchpad, Gate.io Launchpad and OK of the raised funds flow to top 5 exchanges. Most P2PB2B , respectively.

75%

have the highest overall returns, with average ROI of suspended/stopped OK Jumpstart OK

Apr. - Jun. 2019 Apr. Binance Launchpad Binance

IEO projects on Jumpstart 37.6%, 8.4% during More than exchanges According According to incomplete statistics, the number of IEOs reached its peak

IEO vs. Exchanges Gate.io Launchpad Gate.io

0 8 4 with drop-off with 2019 IEO Market Overview Overview Market IEO 2019 following mid-2019 peak in experienced IEO market 12

FIND, CREATE, AND SPREAD VALUE IN BLOCKCHAIN. 24 UK(5) Source: Cambridge, CoinMarketCap Source: 2018 countries 22 countries participated in participated in 2019 9 Switzerland (8) Switzerland . The crypto market will experience a USA (24) USA Top 3 countries with #STOs in 2019 3 countries Top funded in funded in 2018 2019 Malta ~$790M ~$420M - TokenInsight 2018 AnnualReport 2018 TokenInsight - Estonia STOs in 2018 STOs in 2019 have been actively participating in the STO market. have been actively participating 25 more more mature and acceptable in 2020 52 Top 3 countries with STO potential 3 countries Top Singapore Security Token Offering (STO) will NOT be the mainstreamthe cryptobe NOT of will (STO) Offering SecurityToken ‘ market2019.' in compared with 2018. compared 26% 7% 5% 11% increased Equity Fund Blockchain Technology Others Switzerland, UK, Germany 52 # of STOs #of Countries including It is expected that the STO market will become stage partially. to the regulated stage the complete unregulated shift from In 2019, the number of STOs In 2019, the number of STOs REIT Financial Technology Stock Real Estate STO market composition in 2019 STO market

5% 5% 2019 STO Market Overview Overview Market STO 2019 to develop hard makes STO barrier Market 21% 19%

FIND, CREATE, AND SPREAD VALUE IN BLOCKCHAIN. 25 2019.12

Verge Grin 2019.11

Source: TokenInsight Source:

2019.10

2019.09 2019.08

Zcash NavCoin

2019.07

2019.07 2019.06

Dash PIVX

2019.05

2019.04

2019.03

2019.02 Zcoin Beam 2019 Privacy coins Market Cap Dominance 2019 Privacy coins 2019.01 0.67 0.33 0.00 1.00 from B B from Zcoin continued to to continued Monero, Monero, , issued in 2019 2019 in issued is still the most most the still is Beam Monero and and Grin PIVX and NavCoin accounted for over 90% of the entire has a high degree of privacy and is is and privacy of degree high a has Monero "community-driven", which is trading method the for many gray industries, and is preferred requirements. contrary to market regulatory The market cap percentage of classic coins including privacy decrease, while, became quite popular. TokenInsight Based analyzed on our research, in 2019. popular privacy coin and rated 9 privacyTokenInsight coins. to upgraded BB, with the a to replace launched the Sigma anonymity protocol rating stable outlook. for In its 2019, previous Zcoin . protocol features small proof sizes and no requires The Sigma trusted setup. In 2019, the total market cap of and market, of which Monero increased from 35% at the beginning of the year to about 50% at the end of the year. Stable Stable Stable Stable Stable Stable Stable Positive Positive Outlook B TI- BB BB BB CC BBB CCC CCC CCC Ratings Date Issue 2019.01 2016.01 2016.09 2016.10 2019.01 2014.04 2014.01 2014.07 2014.10 ZEC XZC NAV XVG PIVX XMR GRIN DASH BEAM Symbol Grin PIVX Dash Zcoin Beam Zcash Monero NavCoin Project

Privacy Coins: 2019 Market Overview Overview Market 2019 Coins: Privacy coins market privacy the entire 90% of than for more account and Zcash Dash Monero,

FIND, CREATE, AND SPREAD VALUE IN BLOCKCHAIN. 26 , a Source: TokenInsight Source: short-term in July 2019. The Grin in January 2020. Mimblewimble Mimblewimble protocol hard hard fork halving completed its first hard fork in August are the 2 major privacy coins issued in Beam in June 2019, with 7-day increase exceeding completed its first Grin wallet was upgraded to version 2.0.0 and the C29 algorithm was upgraded. The second hard January 2020. fork was completed in 2019. The new algorithm efficiency BeamHash compared with BeamHash I. II It also adds has support 30% for Laser Beam; higher Beam completed its first Prices of Grin and Beam experienced significant increases 100%, which is potentially affected by the FATF regulatory At the end of 2019, both prices fell below $1. policy. Grin and Beam 2019. They both adopted the blockchain protocol mainly focuses scalability, on fungibility, and privacy.

Grin

2019.12

Beam 2019.10

2019.09 2019.08 of work proof corporate-based, More decentralizing its governance Miner - halved block reward Privacy by default, optional Privacy by default, optional auditability BeamBeam

•

• a • •

2019.06

2019.05

2019.04

Price Comparison of Beam & Grin (Unit:USD) Price Comparison 2019.02 Miner - flat block reward 100% anonymous of work Cuckoo cycle proof Community-driven GrinGrin

• • • • 2019.01 5 11 16

Privacy Coins: Grin & Beam Beam & Grin Coins: Privacy in 2019 launched Grin & Beam Mimblewimble-based

FIND, CREATE, AND SPREAD VALUE IN BLOCKCHAIN. 27 12/27 LINK 11/27 10/28 ATOM BAT Source: CoinMarketCap, Finance Magnates Source: 9/28 8/29 LEO DOGE 7/30 XTZ XEM 6/30 5/31 ADA ZEC Market Cap in 2019 ($ Million) 5/1 4/1 XLM VET 3/2 TRX ONT 1/31 1/1 0 XMR USDC 12,333 37,000 24,667 Newly launched Altcoins in market cap by 2019 ranked in top 50 LEO (LEO Token), ATOM (Cosmos), HEDG (HedgeTrade), SXP (Swipe), FTT (FTX Token) ALGO (Algorand), BNB MKR 12/31 BSV CRO 11/25 10/15 EOS IOTA 9/4 LTC HEDG 7/25 6/14 BCH DASH 5/4 XRP ETC 3/24 ETH NEO 2/11 30-day Trading Volume ($ Million, retrieved on Jan 12,2020) ($ Million, retrieved Volume 30-day Trading 1/1 USDT HT 0 By Market Cap: ETH, XRP, USDT, BCH, LTC BCH, LTC USDT, ETH, XRP, By Market Cap: EOS, BCH ETH, LTC, USDT, Volume: By 30-day Trading

18,333 55,000 36,667 Top 5 Altcoins (Dec 29th, 2019): Altcoins (Dec 29th, 2019): 5 Top Altcoins: General Overview Overview General Altcoins: being dumped are shitcoins interest, market gain quality projects High

FIND, CREATE, AND SPREAD VALUE IN BLOCKCHAIN. 28 1.20% Source: CoinMarketCap Source: 0.96% 0.72% 0.48% 0.24% 0.00% -0.24% HT Avg. daily ROI of top cryptocurrencies on CoinMarketCap daily ROI of top cryptocurrencies Avg. LTC XTZ VET BAT BSV ETC ETH XLM Most Altcoins perform a positive average daily return in 2019, among which, the average daily return of HEDG is Altcoins. with other top the highest compared BCH XMR CRO XEM USDC HEDG ATOM 12/31 BSV ATOM CRO BAT 11/26 EOS LEO IOTA DOGE 10/10 LTC XTZ HEDG XEM BTC still dominates the 8/24 USDT ADA DASH ZEC 7/8 by market cap, followed by BCH XRP,

BCH XLM ETC VET 5/22 XRP TRX NEO ONT 4/5 Dominance of top 32 cryptocurrencies on CoinMarketCap 32 cryptocurrencies Dominance of top ETH XMR HT USDC ETH is the largest Altcoin . 2/17 BTC BNB LINK MKR market and LTC. Although Altcoins market grew significantly, 1/1

market Altcoins: Dominance and ROI and Dominance Altcoins: the dominates BTC still but fast growth, year with a experienced Altcoins 0.00 0.33 0.67 1.00

FIND, CREATE, AND SPREAD VALUE IN BLOCKCHAIN. 29 , 23% 35% 22% ： ： ： 14% 29% 54% ： ： ： 51% 49% 23% ： ： ： 11% 9% 7% 4% 3% North America Asia-Pacific Europe North America Asia-Pacific Europe North America Hashrate % Asia-Pacific Europe 2019 Mining Industry Annual Research Report 2019 Mining Industry Annual Research Filecoin Distribution Geographical Search Interest Interest Search Cuckaroo31: ASICs Cuckaroo31: RandomX: GPUs & CPUs Ethash: GPUs & ASICs Algorithm C u c k a ro o 2 9 : G P U s ; 2% 2% 2% 35% 25% For More Information Please Read For More Top 2 Pools >50% Top 2 Pools >50% Top Pools Concentration 2 Pools >50% Top 43 71 No. Of Pools 13 Grin Monero Ethereum Mainland China Macao Hongkong Cyprus Latvia Singapore New Zealand Slovakia South Korea Others Selected Altcoin Mining Statistics Selected Altcoin Project ‣ , at at 8.5% 12.5% more more than account for on the market. on the market. 63 mineable coins (Excl. BTC) with current current Altcoin mining market is fragmented One of the topics this year: Filecoin mining. popular Altcoin-related running by the communities. The average PoS rate reward started at about the and beginning finished of off at the year, the end of 2019. Major mining Altcoin projects: Major mining Altcoin projects: etc. Filecoin, Cosmos, Kadena, Nervos, The with the majority number of the Altcoin mining pools There There are only $100K+ 24 hours roughly 81.9% trading (Incl. BTC) of the volume, total cryptocurrency market cap. According According to CoinMarketCap, there are coins 400 mineable

market, thus it is in the relatively early stage of its lifecycle of its early stage relatively is in the thus it market, Altcoin Mining Mining Altcoin mining the Bitcoin than complex and more different is vastly mining Altcoin

FIND, CREATE, AND SPREAD VALUE IN BLOCKCHAIN. 30 10% 41% Source: Stanford, TokenInsight Stanford, Source: Custom TBD Multiple Type of Type Blockchain used is the most used blockchain Ethereum Bitcoin Undisclosed Other Ethereum applications. (41%) to develop real-life The Rest of the World: The Rest of the World: IBM, Microsoft, R3 Hyperledger, Corda, etc. 8% 8% 5% 2% 13% 14% 47% accounts the various blockchain application solutions various blockchain application application Proportions of Proportions each blockchain each blockchain Currently many enterprises and collaborations around the world provide the world provide around many enterprises and collaborations Currently fcation Ver and Record Payments and Money Transfers Platforms and Marketplaces Supply Chain Management Smart Contracting In China: Ant Financial etc. Baidu, China , (Alibaba), JD.COM, application. Record Record and Verification largest proportion (47%) in blockchain 2% 11% 26% 14%

Medium

rity Cha Silver Economy

Energy IoT Certification IoT Transport | Power Transport | Rights Protection | Social Technology | Charity | Human Photos, Resource Music | & Videos Business | Education | Retail, F&B | application scenarios application scenarios Finance | Entertainment | Healthcare | Real E s t a t e Marketplace| To u r | i s m Identity | |Mathematics G o v e r n | m e n t |

Banking Dozens of Blockchain Application Application Blockchain areas many real-life in problems used to solve has been technology Blockchain

FIND, CREATE, AND SPREAD VALUE IN BLOCKCHAIN. 31 Source: TokenInsight Source: . Banks in China is the most popular form of Anti-poverty projects of Guizhou, Payment blockchain application in the banking industry, followed by asset custody settlement. and cross-border are aiming to provide particular service in certain Agricultural Development Bank of China, China of the top 100 banks joined the blockchain journey. It is Focusing more on Regional and Governmental Issues Policy Banks in China More More than 80% expected that in 2020, at least 60% technology. using blockchain of banks around the world will be In China And Other Countries Between Applications Difference 1. areas, like Bank. Development Bank and the Export-Import the 2. may help the government on issues like House leasing projects. Projects, Xiong’an New Area involved in banking application activities,

More More than 35 countries from commercial banks to central banks. within Optimistically, 5 years, ~50% countries will apply system. blockchain technology in their banking *Map of countries involved in blockchain application in banking industry. application in banking industry. *Map of countries involved in blockchain may be some omission) there (Data is collected by TokenInsight, Blockchain Applications in Banking Banking in Applications Blockchain countries at least 35 in explored are applications blockchain Banking-related

FIND, CREATE, AND SPREAD VALUE IN BLOCKCHAIN. 32 Walmart, Walmart, Others Services Commodities Retail Pharmaceuticals Multiple etc. Commodities tracking Commodities Food safety Logistics • • • Others Retail 14% Pharmaceuticals 7% Multiple 7% 6% Source: SUPPLYCHAINDIVE, OpenLedger, TokenInsight OpenLedger, SUPPLYCHAINDIVE, Source: accounts for the biggest proportion (45%) in the 45% 22% Services Abu Dhabi National Oil Company works with IBM supply chain. to streamline oil Service supply chain block application of supply chain. Large companies around the world use blockchain to solve the problems may occur during the process of transferring commodities, like British Airways, IBM, Alibaba (Ant Financial), UPS, Supply Chain Commodities

Europe 53%. Asia Pacifc operating blockchain technology in the Market Size Comparison North America

Rest of the World

Estimated growth pace (2020-2025) pace growth Estimated

and supply chain industry chain and supply Energy Market And Supply Chain Chain Supply And Market Energy in energy to solve problems to use blockchain working are companies Large expected to have a compound annual growth rate at about rate at a compound annual growth expected to have More Than 200 companies energy market. The most promising ones Electron, Iota, are Power Ledger, Swytch. Energy Market Energy From 2020 to 2025, the blockchain application in energy industry is

FIND, CREATE, AND SPREAD VALUE IN BLOCKCHAIN. 33 in food industry will be in use around the will be in use around

lead the way. lead the way. Source: IBM, IoT NOW, Market Research Inc, MarketWatch, TokenInsight Inc, MarketWatch, Market Research IBM, IoT NOW, Source: save more than $15 billion save more of IoT Firms are planning or already involved in blockchain application. blockchain application. than 20 billion IoT devices More world. IBM, SAP and Oracle Blockchain will by 2020, driven by IoT partnerships. players: Top IBM, Microsoft, Intel, Amazon, Foundation, The Linux Foundation, R3, Cisco Filament, KrypC, Ant Systems, Ethereum Financial. IoT Industry IoT Industry According to a survey of 500 U.S. 75% companies by Gartner, Share medical records medical records Share claims processing Near-real-time Manage and access purposes drug trail data data and transfer it safely Secure for research Reduce medical expenses M i c ro p a y m einteroperability n t s , p a y m e n t p ro c e s s i n g a n d Application scenarios: Health Care Health Care 40% healthcare providers see blockchain as one their services. to improve their top 5 priorities of Players: Top IBM, Microsoft, Factom, Ant Financial, Pokitdok, Gaurdtime, Gem. Hashed Health, Patientory,

planning or already involved in blockchain application blockchain in involved or already planning Healthcare and IoT Industry Industry IoT and Healthcare IoT are 75% of services. to improve as core see blockchain healthcare 40%

FIND, CREATE, AND SPREAD VALUE IN BLOCKCHAIN. 34 1.4% 1.7% 24.7% MBA/EMBA Bachelor High School or below Source: LinkedIn, Glassdoor, TeqAtlas LinkedIn, Glassdoor, Source: China Degree Degree part, which is 65.7% part, which is 65.7% evenly are while the rest distributed among other categories. Blockchain Technical related job job related Technical takes a major offerings Distribution of practitioners in Doctoral Master Tafe 65.7% 4.7% 4.5% 0.4% 9.4% 62.4% Media Operations Industry Research in China Distribution related jobs jobs related of Blockchain Product Technical Management Project Others Bachelor degrees Bachelor degrees account for the major part of blockchain practitioners (62.4%). While people holding below Bachelor degrees only account for 9.8%. 1.5% 4.4% 3.6% 15.6% ”Last year, cloud computing, artificial ”Last year, intelligence and analytical reasoning led led analytical reasoning intelligence and list of the most in- global LinkedIn’s the all on skills. They’re demand hard a skill we weren’t but list again this year, even looking at a year ago – blockchain hard – tops the list of most in-demand skills for 2020.” US$109,733 US$107,579 US$98,500 US$65,883 Blockchain Average Blockchain Job Salaries Average Top in-demand hard skill for 2020 skill for in-demand hard Top Asia USA

Europe

companies have posted 16,668 crypto blockchain related job offerings, which & is 2% higher than 2018. At the same time, Glassdoor shows that US firms posted 2,987 job offerings, which 2018. is up 40% from According According to LinkedIn, by the end of July 2019, Remotely Blockchain is the most demanded position overtook AI overtook demanded position is the most Blockchain Blockchain will be most in-demand in-demand most be will Blockchain 2020 in skill hard

FIND, CREATE, AND SPREAD VALUE IN BLOCKCHAIN. 35 Verify!

Don’t Trust. Don’t

FIND, CREATE, AND SPREAD VALUE IN BLOCKCHAIN. 36

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FIND, CREATE, AND SPREAD VALUE IN BLOCKCHAIN. 37 Thank You

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