BitMEX Research Reveals That ICOs That Raise up to $50 million is Yet to Launch a Product
A new research from cryptocurrency trading platform BitMEX has revealed that at least twelve Initial Coin Offering (ICO) projects that raised over $50 million in their token sales have yet to launch a product.
BitMEX CEO Arthur Hayes identified several well-known ICO projects like Telegram, Filecoin, and Dfinity who have yet to announce a launch date for their tokens.
According to Hayes, who will buy the s**t?” “given the large amount of token supply out there.
“These deals have massive valuations, and many of the most venerated token funds took down large chunks. It is unclear when, if ever, these deals will ever list on the secondary market.
“2019 is going to be the year of reckoning for many funds,” Hayes concluded stating:
“If these things come to market, there will be no accounting tricks to hide the gargantuan losses that these funds will post.”
Get Bitzamp Latest Update By Downloading our Mobile App: Bitzamp – Cryptocurrency News – Apps on Google Play