Study: Most 2019 IEO projects fell to 98%
Employees of the BitMEX cryptocurrency platform research division carried an analysis of the investment performance of 12 projects that launched initial exchange offerings (IEO) this year. The result of this study was rather disappointing: most projects turned out to be unprofitable for early investors and lost in value up to 98%. In the vast majority of cases, the tokens value fell by more than 80% compared to the starting price. Startup Matic turned out to be the only profitable project. Its IOE was held on the Binance exchange. The value of its tokens has shown a positive dynamic since the launch. Those who invested in 8 of 12 projects remained in the red by 15% - 93%. Recall, in May this year, BitMEX Research experts questioned the long-term investment in IOE projects.  Even then, experts said that IEO is a kind of rethinking of the ICO, which can bring big losses to investors.