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New Research: 98.8% of Tokens Listed on Asian Exchanges Traded Below ICO Price in H1 2018

new-research-98-8-of-tokens-listed-on-asian-exchanges-traded-below-ico-price-in-h1-2018

New Research: 98.8% of Tokens Listed on Asian Exchanges Traded Below ICO Price in H1 2018

A recent report claims that most tokens were trading below their ICO price in the first half of this year.

Per the report various projects attempted to use funds to maintain their tokens' value, instead of developing actual products.

Most of the tokens sold through initial coin offerings (

) that got listed on popular cryptocurrency exchanges in Asia, including Binance, Huobi, HADAX, KuCoin and OKEx, ended up trading below their token sale price, with only a few exceptions managing to rise in value.

, 98.8% of 264 tokens researchers looked into were trading below their ICO prices as of August 21, with only stablecoins and three tokens managing to appreciate or keep their value.

and the currency price decline range was mainly concentrated between 70-98% Pay Token Ico Price , most of the projects fell below the issue price within a few months after the currency was settled, and the currency price decline range was mainly concentrated between 70-98%, which [means they] can basically be considered air currency.