Whatever your feelings on initial exchange offerings (IEOs), there’s been no avoiding them this year. Nurtured under the wing of cryptocurrency exchanges before being unleashed onto liquid secondary markets, many tokens have mooned, while a few have fizzled out like damp squibs. To gauge the current market sentiment toward IEOs, news.Bitcoin.com has calculated the return on investment (ROI) for the first wave of initial exchange offerings.
Also read: How Traditional Stock Markets Can Help Mainstream Cryptocurrency
A Breakdown of 2019’s Leading IEOs
When it comes to fundraising, there’s only been one acronym on everyone’s lips this year and it hasn’t been “STO.” Rather, the cryptoconomy has fixated on the IEO, which has become the talk of Telegram trading groups, crypto Twitter, subreddits, image boards, and every other hub for digital asset discussion. As Priority Token’s Artur Boytsov points out, the first IEOs actually took place in 2017 with the likes of Bread and Gifto, but the trend…