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- The LawMaster, aka Larry Cermak, shared in his twitter handle how IEO’s are dead or are in the process of reaching zero levels.
- Exchange companies primarily offer IEO’s to long term investors and traders in the form of tokens.
- IEO’s offer the highest security for investors and hold strong liquidity compared to traditional digital coins.
The LawMaster, aka Larry Cermak, shared in his twitter handle how IEO’s are dead or are in the process of reaching zero levels. Larry Cermak, on his twitter account, shared the post on 27th of January showing analysis of IEO‘s since their launch, he focused on the point showing 200 days growth.
IEOs are dead. There appears to be a clear relationship between the return and the number of days since the IEO. The average return of IEOs approaches 0% in 200 days. In other words, nearly no one wants to hold IEOs long term. pic.twitter.com/1qX5W1VSlv
— Larry Cermak (@lawmaster) January 27, 2020
He comparatively explained between return and number of days since the start of IEO’s. He highlighted the point showing the average return of IEO’s reaching 0% in the past 200 days of working. He summarised that in the long run, no one wants to hold the IEO’s anymore. He has shared the detailed structure of the exchange’s performance.
Binance is the only exchange with a positive average return. Binance exchange is holding nine counts, with an average return of 77% in terms of USD. Huobi, the Singapore based exchange, holds 7 counts with an average gain of –9% against USD.
KuCoin exchange holds a count of 5 with an average return of -35% against USD. OKEx exchange holds eight counts with an average return of -48% against USD. The last performer is Bittrex exchange with four counts and an average return of -66% against USD.
Bittrex was named the worst performer with the highest negative performance, while Binance is the only exchange showing a positive average return. This post on Larry Cermak’s profile is receiving varied responses and continues to highlight the IEO’s future.
Exchange companies primarily offer IEO’s to long term investors and traders in the form of tokens, IEO’s mainly help in crowdfunding for new cryptocurrency projects and start-ups by focusing on providing the top investors the IEO’s.
Many projects and digital assets are said to get higher exposure and credibility using exchange platforms. IEO’s offer the highest security for investors and hold strong liquidity compared to traditional digital coins.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
