todayA large number of ICOs have a reputation of worthless projects which do not have anything apart from a whitepaper. According to a new report by Diar, it is perfectly reflected in their price as tokens struggle to keep their initial price, while 30 percent of ICOs are not listed on a single exchange.
Going underwater
According to the abovementioned report, 70 percent of crypto tokens that didnt make it to the top 100 currencies on CoinMarketCap fail to meet investors expectations, plunging below their initial value. At the same time, more than 30 percent of ICOs that were launched in 2017-2018 are not listed on any cryptocurrency exchange. Some developers behind these unlisted tokens even failed to provide the information about the distribution of token supply while raking in over $1 bln. Among these tokens, which have almost zero liquidly, there are some big-name projects in the likes of Bancor that raised a whopping $150 mln this February.
As U.Today has already reported, over 800 ICOs have already gone bust in just 18 months. Meanwhile, it is widely speculated that the dwindling interest in ICOs is inextricably connected to the plunging Ethereum price.
Makes it really attractive to see recent changes such as exchanges sponsoring ICO's. At least with an exchange sponsored ICO you can be sure that the tokens will get listed on an exchange. Too many project do not seem to make an effort getting listed even though they attracted money by promising liquidity. They mistakenly think they will escape the market down turn by delaying the listing. What they are doing is leaving themselves open to fraud charges for raising money with false promises.
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