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Friday, January 25, 2019

ICO downfall - Part 2

https://bitcoinexchangeguide.com/decentralized-home-sharing-platform-bee-token-to-charge-fees-to-customers-to-boost-revenue/

Bee token has crashed from a value of $11m to less than $500k now.  This means that the ICO investors have suffered massive losses for this ICO.

This company is faltering and will likely fail as it will encounter cash flow problems due to insufficient revenues to cover its operational and marketing expenses.

Bee token is just one of the ICOs that will falter and/or fail in 2019-2020 and this is just the tip of the iceberg.  Many ICO companies will follow suit and such news announcements will become a common theme in these 2 years.

https://sg-stock.blogspot.com/2019/01/the-ico-downfall.html

3 comments:

Eric Ho said...

The ICO downfall will impact crypto exchanges greatly because liquidity will shrink and the ICO tokens will get delisted.

Eric Ho said...

https://sg-stock.blogspot.com/2019/01/ico-listings-have-continued-to-drop.html

Eric Ho said...

https://sg-stock.blogspot.com/2019/01/cryptocurrency-roundup.html