BitMEX Research: ICO Tokens Allocated by Teams to Themselves Lost 54% of $24 Bln Value

BitMEX Research: ICO Tokens Allocated by Teams to Themselves Lost 54% of $24 Bln Value

The value of tokens that over a hundred of initial coin offering (ICO) teams have allocated to themselves has decreased by 54 percent from the initial figure of $24 billion. This was revealed in the latest research by cryptocurrency exchange BitMEX published Jan. 16.

BitMEX has conducted a research of the ICO market in collaboration with analytics firm TokenAnalyst, looking into treasury balances of more than a hundred projects on the (ETH) network. The analysis reportedly made use of machine learning techniques and was based on the interpretation of smart contract data and transaction patterns on the Ethereum blockchain.

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