July 31, 2019, 7:22AM EDT
• 3 min read

IEOs are unsustainable, but for now Binance is outperforming the competition

Quick Take

  • Approximately 180 projects raised funds through an IEO while at least 40 exchanges facilitated at least one IEO
  • The legitimate exchanges have had 28 IEOs combined, out of which 18 (~64%) have had a positive return in terms of USD; less than half of the projects have outperformed bitcoin
  • About 75% of projects have lost 50% of value since their all-time high
  • The data shows that Binance has, by far, the highest average USD return on IEOs across the examined exchanges while Bittrex has the lowest (and negative) USD return

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