Study: 86% ICO-tokens traded below the starting price

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The auditing company Ernst & Young presented a report on the dynamics of prices of tokens from the list of the most successful ICO at the end of 2017.

At the end of 2017 EY has released a report about the ICO, which included a total of 372 projects, of which 110 could be called successful — they accounted for 87% of all collected funds. Ernst & Youn called this a collection Class of 2017, and in the latest report, released this week, they studied how the leaders of today.

It turned out that 86% of these coins is trading below the price in the listing, but 30% actually lost any value. Only 25 have a working product or at least a prototype.

Ernst & Young intend to re-audit portfolio tokens in a year.

Previously published research of the analytical company Diar, which reported that about 70% of tokens are much cheaper than at the stage of primary placement. A total of ICO projects lost $ 6 billion.

Why is it important

  • It is noteworthy that, according to Ernst & Young, no blockchain platform and was unable to compete with Ethereum, although infrastructure projects have shown the best dynamics.
  • The company’s experts are convinced that the volume of retail investment in industry will decline, and their place will be the venture capital firms and investment funds.

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