The ICO market is not in its best shape: 70% of the tokens fell in price after the initial placement. Specialists of the Diar company provide such data.
The losses of some companies amount to tens of millions of dollars. So, in the first place of the losers’ rating, stands the Israeli company Sirin Labs, which plans to release its own blockchain phone. It managed to raise $158 million (!) with the help of ICO, but after that, the company's capitalization decreased by $141 million. Sirin Labs could not save even the legendary player of "Barcelona" and the Argentina national team Lionel Messi, who became the ambassador of the company.
The loss of other projects is also unpleasantly surprising. For example, in second place for losses was PumaPay. This is a comprehensive billing protocol that combines traditional payment methods with solutions based on blockchain technology. The project lost $102 million. Closes the top three "leaders" of losers - Envion, a project that creates turnkey mobile industrial farms for mining. Its loss amounted to $96 million.
The loss of other projects is also unpleasantly surprising. For example, in second place for losses was PumaPay. This is a comprehensive billing protocol that combines traditional payment methods with solutions based on blockchain technology. The project lost $102 million. Closes the top three "leaders" of losers - Envion, a project that creates turnkey mobile industrial farms for mining. Its loss amounted to $96 million.