Token Sale Archives | Multiplier Crypto Business News

Benjamin RobertsonAugust 3, 2018

This year’s selloff in virtual currencies has done little to dent investor enthusiasm for initial coin offerings, which attracted a record $US12 billion in the first half.

That’s up from $US7 billion for the whole of 2017 and a more than 50-fold jump from 2016, according to Autonomous Research LLP.

Crypto ReporterJuly 20, 2018

As more and more industries begin to shift into the ever-growing world of blockchain, it was only a matter of time before real estate followed suit. Based out of Japan, DexisChain bridges the gap between real estate, technology, and innovation by creating a universal real estate market prediction platform using blockchain that will increase transparency and lower the barrier of entry for the average investor.

Min Jeong LeeJune 29, 2018

South Korea’s dominant message-app operator is considering a private placement next month to raise funds from partners interested in helping to build its crypto platform.

Ground X Corp., a blockchain subsidiary of Kakao Corp., may initially seek capital and business alliances with consumer-service companies, Jason Han, the unit’s chief executive officer, said in an interview. Ground X is targeting firms that, like Kakao, have internet or mobile services that could be offered over a blockchain platform, he said. Plans are still subject to change, Han said.

Olga KharifJune 6, 2018

Beware of the EOS whales.

The top 10 holders of the digital tokens from the largest initial coin offering ever own nearly 50 percent of the coins, according to tracking service Etherscan., the private company behind the project that completed the more than $4 billion offering last week, is the biggest holder, with 10 percent of the total. The names of the other large holders are anonymous and could be individuals or even exchanges.

Often called whales, large owners can hold much sway over the coin’s price. Any potential coordinated moves could put smaller investors at a disadvantage. During its almost year-long ICO, the price of EOS Tokens have rallied about 13-fold, and now has a market capitalisation of about $12 billion, according to CoinMarketCap.

High ownership concentration isn’t unique to EOS. With Ether, the top 100 addresses controlled 40 percent of the supply, and with coins like Qtum and Storj, top holders controlled more than 90 percent of the supply, according to an October analysis by Alex Sunnarborg, a founding partner at Tetras Capital.

This article first appeared on Bloomberg.

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