ICOs issued $24.2 Billion In Tokens To Themselves In 2018, Where Did It All Go?

TL;DR

  • About $5billion remain out of the $24.2 billion raised due to loss of coin value.
  • Billions of dollars worth of coins remain in ICO founding teams wallets
  • The data highlight the need for lockup clauses or vesting schedules to ensure founders are motivated to complete projects post funding

BitMEX recently published a report in partnership with Token Analyst detailing the whereabouts of the $24.2 billion in ICO tokens issued (currently worth about $5 billion after the market crashed).READ IN FULL

The post ICOs issued $24.2 Billion In Tokens To Themselves In 2018, Where Did It All Go? appeared first on BlockBoard.

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