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In total, 11 of 12 IEO have fallen at least 40% from their first price of exchange.The criptomoneda MATIC, launched by Binance, has earned more than 200% in its price.The cryptocurrencies launched in initial offers of exchange (IEO or Initial Exchange Offeringhave had a bad performance during this year 2019. So shows a report presented on December 23 by BitMex Research, a research wing of the home exchange BitMex.The study establishes the performance of 12 cryptocurrencies released through IEO, comparing their first exchange price with which they have to date. Statistics from the firm show how all of the cryptocurrencies listed have lost at least 40% of its value. Even 10 of those 11 have a negative performance over 70%.On that list are blockcloud, launched through OKEX; MultiVAC, whose launch was made in Kucoin; Veriblock, which was launched in Bittrex; TOP and Newton, two cryptocurrencies launched on Huobi, Two Network, BitMax, and the cryptocurrencies Gifto, Fetch.The, Bread, Celer and BitTorrent, sold through Binance, the platform more active in terms of IEO.In this section, only one of the cryptocurrencies the list it has improved its price. It is MATIC, also launched in Binance. The case of MATIC is totally different from the rest, with an increase of over 250% from its initial price of exchange.List of 12 cryptocurrencies released through IEO. Source: BitMex ResearchEl analysis that the firm BitMex confirms the behavior observed at the end of the third quarter of the year, in data CoinCodex. Then, in a group of more than 70 cryptocurrencies launched in IEO, at least two-thirds had drops in their prices.
Performance from the initial sale price
With respect to the sale price of the IEO, it should be noted that normally during the offerings of coins the sales price is less than the first price of exchange, as it highlights equally the study of BitMex. The status of cryptocurrencies listed as their sale price is a little bit different. However, on that list in the study only 4 of the criptoactivos show an increase in their prices.This increase also leads MATIC with more than 400% above its initial sale price. The other cryptocurrencies winning in this section are Bread and BitTorrent, both with more than 100%; and Two Network, which has registered an increase of 7.9%.Only 4 of 12 cryptocurrencies rose from their sale price in IEO. Source: BitMex Research.This year, the IEO emerged as an alternative to the initial offerings of coins (ICO), in part as a response to the distrust of many projects of this type that turned out to be scams.Thus, only in the second quarter of the year saw a total of 66 IEO. This figure, according to a report published by CoinGecko, at that time represented an increase of 1,100%, as compared to the records in the first quarter of 2019. Meanwhile, both the ICO as the STO (offers of token value) were in decline.