ICO Blockchain Projects are Holding More Ethereum Than Their Actual Market Cap7.8

The 80 percent correction in the global cryptocurrency exchange market has created a unique setting in the initial coin offering (ICO) market. The development teams of most tokens are now holding more Ethereum in their reserves than their market valuation.

Last week, Ethereum-based decentralized prediction market platform Gnosis founder Martin Köppelmann disclosed that the company will not need to rely on its holdings of 200,000 Ether it garnered from its 2017 token sale for at least six to seven years. Köppelmann stated:

Original source
https://cryptoslate.com/ico-blockchain-projects-are-holding-more-ethereum-than-their-actual-market-cap/

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