Telegram, Filecoin and a dozen other major ICOs still haven’t launched tokens

According to a study of the BitMEX cryptocurrency trading platform, at least twelve startups that raised more than $ 50 million as a result of the ICO have not yet presented their tokens to the market..

The company’s CEO Arthur Hayes pointed out that the identified dozen include such well-known projects as Telegram, Filecoin and Tuto Overstock. Adding that they have not even specified the timing of when exactly the tokens will be launched.

The huge amounts of attracted cryptocurrencies during the bearish 2018 fell significantly in price (about 80%), so this delay had a negative impact on the financial situation of the developers themselves. Uncertainty in terms of launch threatens that tokens may not enter the secondary market at all, and if they are listed, they will not be able to withstand a significant loss of value..

Telegram, Filecoin and a dozen other major ICOs still haven't launched tokens

According to Arthur Hayes, 2019 could be the year of reckoning for success. At the same time, the colossal amounts of funds received also indicate the participation of large investors and funds that have bought out significant shares of projects..

However, successful platforms cannot avoid problems either. Developers recently reported a vulnerability in the Ethereum system.

text: Ivan Malichenko, photo: Unsplash

Telegram, Filecoin and a dozen other major ICOs still haven't launched tokens

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