BitMEX: IEOs raised $39M, but projects keep 95% of tokens on average

Initial exchange offerings (IEOs) have raised $38.9 million with token sales in 2019, reports BitMEX Research, the analytics arm of cryptocurrency exchange BitMEX.

While early IEO investors have had lots of opportunity to profit, returns have been typically poor once the tokens become tradable.

BitMEX: IEOs raised $39M, but projects keep 95% of tokens on average 1
BitMEX Research IEO chart, rebased to IEO price

On average, the teams behind IEO tokens were found to have made just 4.4 percent of the total supply available for purchase.

The remaining tokens will be kept to fund development of related projects by selling them through cryptocurrency exchanges like Binance and Huobi.

Coinbase 3

So far, the amount raised through IEOs is comparatively small to the $12.8 billion made by Ethereum-based ICOs.

Still, BitMEX researchers calculated a total IEO market capitalization of $907.7 million (when based on disclosed total token supply and original price.)

“Therefore, there are opportunities for project teams to make considerable profits from selling coins they granted to themselves,” BitMEX Research wrote.

“While exchanges, traders and subscribers may have done very well from IEOs thus far, we are less confident on the outlook for long term investors. However, this is simply a high level analysis – we have not looked into any of the individual projects in detail,” it concluded.

Published May 13, 2019 — 14:35 UTC

BitMEX: IEOs raised $39M, but projects keep 95% of tokens on average 2
About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

Leave a Reply

E-Crypto News Executive Interviews



bitcoin
Bitcoin (BTC) $ 34,751.00
ethereum
Ethereum (ETH) $ 1,995.48
tether
Tether (USDT) $ 0.998626
binance-coin
Binance Coin (BNB) $ 311.80
cardano
Cardano (ADA) $ 1.37
dogecoin
Dogecoin (DOGE) $ 0.271536
xrp
XRP (XRP) $ 0.675736
usd-coin
USD Coin (USDC) $ 0.998193
polkadot
Polkadot (DOT) $ 16.42
binance-usd
Binance USD (BUSD) $ 1.00
USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 34,751.00
ethereumEthereum (ETH)
$ 1,995.48
tetherTether (USDT)
$ 0.998626
bitcoin-cashBitcoin Cash (BCH)
$ 491.05
litecoinLitecoin (LTC)
$ 136.12
bitcoinBitcoin (BTC)
29.144,79
ethereumEthereum (ETH)
1.673,56
tetherTether (USDT)
0,837523
bitcoin-cashBitcoin Cash (BCH)
411,83
litecoinLitecoin (LTC)
114,16
bitcoinBitcoin (BTC)
24,949.31
ethereumEthereum (ETH)
1,432.64
tetherTether (USDT)
0.716959
bitcoin-cashBitcoin Cash (BCH)
352.55
litecoinLitecoin (LTC)
97.73

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

What Role Do Cryptocurrencies Play In The Era Of Ransomware Attacks?
June 9, 2021
Crypto Scams On The Rise As Market Enters Bull Cycle
Crypto Scams On The Rise As Market Enters Bull Cycle
December 22, 2020
Harpreet Singh Sahni perpetrated the Plus Gold Union Coin (PGUC) scam
Sydney Concert Promoter Harpreet Sahni Involved In $50M Crypto PGUC Scam
November 2, 2020
KuCoin hackers steal $150 million
KuCoin Exchange Hacked But Insurance Will Cover The Stolen $150M
September 29, 2020
Mining City insists that it is legit
Mining City Refutes Claims By Philippines SEC Of Being A Scam
September 23, 2020

Blockchain/Cryptocurrency Questions and Answers

What Is Plethori Platform And How Does It Work?
June 12, 2021
What Is The Fudge Token?
What Is The Fudge Token?
June 5, 2021
What Is Shiba Inu (SHIB) Cryptocurrency And How Does It Work?
What Is Shiba Inu (SHIB) Cryptocurrency And How Does It Work?
May 31, 2021
What Is PancakeSwap And How Does It Work?
What Is PancakeSwap And How Does It Work?
May 27, 2021
How Has Internet Computer (ICP) Become A Top-10 Crypto?
How did “Internet Computer Coin”(ICP) Become A Top-5 Crypto?
May 19, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin34,424 2.02 % 3.26 % 9.87 %
Ethereum1,978.2 2.07 % 1.56 % 16.91 %
Tether0.9976 0.10 % 0.09 % 0.53 %
Binance Coin304.86 2.63 % 3.72 % 13.69 %
Cardano1.360 2.51 % 10.30 % 8.81 %
Dogecoin0.2668 1.08 % 13.98 % 13.28 %
XRP0.6616 3.38 % 2.78 % 21.68 %
USD Coin1.000 0.74 % 0.26 % 0.40 %
Polkadot15.93 4.98 % 3.13 % 29.36 %
Binance USD0.9999 0.39 % 0.27 % 0.50 %

bitcoin
Bitcoin (BTC) $ 34,751.00
ethereum
Ethereum (ETH) $ 1,995.48
tether
Tether (USDT) $ 0.998626
binance-coin
Binance Coin (BNB) $ 311.80
cardano
Cardano (ADA) $ 1.37
dogecoin
Dogecoin (DOGE) $ 0.271536
xrp
XRP (XRP) $ 0.675736
usd-coin
USD Coin (USDC) $ 0.998193
polkadot
Polkadot (DOT) $ 16.42
binance-usd
Binance USD (BUSD) $ 1.00