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One third of ICOs launched in the past two years aren’t listed anywhere


Despite investors dropping a whopping $12 billion into Initial Coin Offerings (ICOs) in the past year, 70 percent of cryptocurrencies outside of the top 100 are now valued less than the amount initially raised. In fact, blockchain research unit Diar calculated that the bulk of the ICOs conducted in the past year are now just worth $2.2 billion. This represents an “eye watering” $6 billion loss across just a small part of the token ecosystem. For many projects, most of the value that remains sits with foundations, which control how assets are used to fund development. ICOs are mainly used as a fundraising…

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