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1 in 2 ICOs failed in the second quarter — and those that succeeded suffered huge losses





Eoh Kyung-hoon, leader of a club studying cryptocurrencies, checks a chart after a meeting at a university in Seoul, South Korea, December 20, 2017. Picture taken December 20, 2017.

  • The amount of funding raised through “initial coin offerings” rose from $3.3 billion in the first quarter to $8.3 billion in the second, according to a new report.
  • But the proportion of funding campaigns that failed also rose to 55%, leading analysts to say the quality of projects in the market has “significantly worsened.”
  • The average return for ICO tokens in the quarter was -55%, compared with a gain of nearly 50% in the first quarter.

LONDON — Money continues to flood into the booming market for digital tokens issued by startups despite the projects seeking funding getting worse and investment returns suffering, read more >>>

Source:: BusinessInsider.Com

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