The number of initial exchange offerings (IEO) is growing. According to CoinGecko, 72 projects have attracted a total of $ 262 million for 6 months.
As noted, in January 2019, the IEO’s platform Binance Launchpad launched the IEO of Madness project, earning $ 7.2 million in 14 minutes to sell BitTorrent tokens.
Although the average amount that attracted the initial exchange offerings in the first half of 2019 was $ 3.7 million, depending on the project, the volumes vary greatly.
The largest sum was raised by WaykiChain platform, which collected $ 18.5 million, followed by Lambda ($ 16.4 million), Poata Token ($ 15.4 million), Blockcloud ($ 15 million) and Top Network ($ 15 million).
During IEO, these companies managed to attract funding for more than $ 10 million. The amount raised through IEO differs not only depending on the project, but also on the exchange where the token was sold.
According to the study, approximately 50% of the funds from IEO fell to the top five largest cryptocurrency exchanges, with Gate.io, Binance, Okex, Huobi and Bittrex taking the leading positions, receiving $ 47.6 million, $ 27.2 million, $ 24.3 million, $ 22.7 million and $ 16.9 million, respectively.
The researchers compared the performance of IEO on various cryptocurrency exchanges, based on the ROI (return on investment) running on the platforms.
Surprisingly, ZBG and ZB cryptocurrency exchanges lead (with an ROI of 820% and 553%, respectively), followed by Binance (513%), Gate.io (505%) and Hotbit (320%).
The researchers explain that, despite their high-performance IEO, the ZBG and ZB exchanges have so far implemented a single IEO project.
In this regard, CoinGecko considers Binance and Gate.io as the best cryptocurrency exchanges for IEO.
An interesting fact about IEO is associated with the Bitforex exchange, which launched eight token sales on its platform as many as Gate.io. Despite the largest number of IEOs running among exchanges, the return on investment in Bitforex is negative, and the average return on investment was -37%.
Although only half of the IEO projects were profitable, subject to investment in all of them, the ROI would still be 44%.
The growth leaders are Lambda (1874%), Mixmarvel (1249%), Lichang (1138%), Bittorent (1068%) and Global Trading System (820%), while coins of IEO-projects, such as Facepower and Aivia, since the sale of tokens have lost more than 90% of their value.
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