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Sunday, January 20, 2019

The ICO downfall.

https://www.coindesk.com/how-blockex-went-from-a-24-million-ico-to-layoffs-in-less-than-a-year

Many such ICO predicaments will start to surface this year because the ICO issuers piggybacked their tokens onto other cryptos.  The ethereum price fall had caused this ICO fundraising to dwindle from £20m to £5.5m and many ICO investors had sustained massive losses for this ICO.

This financial risk had been highlighted and validated by the binomial theorem in our financial analysis posting below.  The ICO issuers will never highlight this financial risk to the ICO applicants.  Therefore, it is important that the neophyte investors read our posting first before making any crypto and ICO investments.

http://sg-stock.blogspot.com/2018/11/a-financial-analysis-on-initial-coin.html

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