IEOs are dying; nearly 90% have lost more than half of value since their all-time high

Initial Exchange Offerings (IEOs), token fundraising events administered by an exchange, have become a theme of 2019 — just as ICOs became a theme of 2017. But data shows IEOs are going to be as shortlived as ICOs. Nearly 60% of IEOs on legitimate exchanges have lost more than 75% of value since their all-time high. While 43% of these IEOs have had a positive return in terms of USD, they don't sustain value over longer periods of time.

Binance popularized the concept with Binance Launchpad early this year; since then, approximately 270 projects have raised funds through an IEO. At least 57 exchanges have facilitated at least one IEO, according to The Block’s research. Two little known exchanges, ProBit and Coineal, have facilitated a quarter of all the IEOs. But the vast majority of IEOs on these exchanges are low quality and very little data is available.