Initial Exchange Offerings (IEOs) were the buzz of 2019. But with the latest data from BitMex, it shows almost all the IEOs are down significantly.
IEO Investment Return Since The First Exchange Traded Price
Source: BitMex
6 of these were offered on Binance and Matic is the only one that is in the positive.
Comparing investment returns to the offering price, Bread, Dos Network, BitTorrent, and Matic have produced positive returns.
IEO Investment Return vs Offering Price
Source: BitMex
IEO Token Sales Table Investment Performance
Source: BitMex
With many factors as to why most of these IEOs are in the negative, new regulations would have to be a big contributor. This caused many exchanges to leave specific regions and lose their customers. Many could not participate in IEOs and which didn't make it appealing enough for those that invested in an IEO to hold their tokens. With added factors like "Not your keys, not your bitcoin" and Decentralized exchanges makes it seem all the more that the market is not moving in the direction of IEOs.
Invest Wisely.
