IEOs raised $39M, but project teams keep 95% of tokens
Initial exchange offerings (IEOs) have raised $38.9 million with token sales in 2019, reports BitMEX Research, the analytics arm of cryptocurrency exchange BitMEX. While early IEO investors have had lots of opportunity to profit, returns have been typically poor once the tokens become tradable. BitMEX Research IEO chart, rebased to IEO price On average, the…