Initial Exchange Offerings (IEOs), token fundraising events administered by an exchange, have become a theme of 2019 — just as ICOs became a theme of 2017. But data shows IEOs are going to be as shortlived as ICOs. Nearly 60% of IEOs on legitimate exchanges have lost more than 75% of value since their all-time high. While 43% of these IEOs have had a positive return in terms of USD, they don’t sustain value over longer periods of time.
Binance popularized the concept with Binance Launchpad early this year; since then, approximately 270 projects have raised funds through an IEO. At least 57 exchanges have facilitated at least one IEO, according to The Block’s research.
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IEOs are dying; nearly 90% have lost more than half of value since their all-time high written by Larry Cermak @ https://www.theblockcrypto.com/genesis/43347/ieos-are-finished-nearly-90-have-lost-more-than-half-of-value-since-their-all-time-high?utm_source=rss&utm_medium=rss&utm_campaign=default October 16, 2019 Larry Cermak