BitMEX: Capitalization Of IEO Projects Hit $907,7 Million In 2019
Regardless to the agiotage connected with initial exchange offerings (IEO), the experts are skeptical about the long term prospects of this fundraising method, BitMEX exchange’s researchers report.
According to the analysts, all the tokens except for one had good ROI in comparison with the IEO price. However, investment profitability is usually not high after the launch of trading.
On average, crypto currency projects put 4.4% of their tokens on sale via IEO. Basing on available data about token offerings, the analysts have calculated that the total capitalization of all IEO projects is $907.7 million in 2019.
Earlier in May, Bitfinex CTO Paolo Ardonio claimed that Bitcoin exchange managed to raise $1 billion during the private tokensale.