2018-9-26 00:23 |
A Third Of The ICOs Launched In The Last Two Year Is Not Listed Anywhere
Initial Coin Offerings (ICOs) are often controversial. Despite getting more than $12 billion USD last year, an incredible 70 percent of them are now valued less than they were initially. In fact, Diar’s new research indicates that the bulk of last year’s ICOs is not worth just $2.2 billion USD. This is a lot of money that was just burned, almost a $6 billion USD loss for the investors.
As ICOs are mainly used as a fundraising tool and most of them were complete failures, unfortunately.
Diar stated that the top 5 ICOs are Cardano, IOTA, TRON, NEO and Tezos. Together, these projects are worth $2.6 billion USD in cryptos. While their value rises and falls with time, it is clear today that a lot of money was lost due to bad investments and all the hype that surrounded the industry.
A Third Of Tokens Not ListedThe most startling discovery made by Diar is that a third of all the tokens launched via ICOs in 2017 and 2018 are not listed in any exchanges at all. Most of them completed their goals but there is simply no way that the people who bought the tokens are able to cash out. This is very worrisome, as it means that a huge number of ICOs were a complete failure.
While it is not the full truth that ICOs are scams, they certainly are risky and 2017 was a cautionary tale for investors who dreamed with impossibly good returns.
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