Blockchain Capital has released research – “State of Crypto 2019”

According to the CryptoRank data, the сompany made the following conclusions:

🔹2019 saw the rise of exchange tokens: tokens issued by crypto exchanges that incentivize participants to use their platform; some potential benefits included discounted trading fees, market making rewards and token burn mechanisms

🔹Binance pioneered the exchange token and IEO model and continues to set the pace in terms of token model
innovation

🔹Initial exchange offerings (IEOs) emerged as a way for projects to raise capital through exchanges themselves with
a direct exchange listing

🔹Aside from Binance, the majority of IEOs exchange platforms struggled to perform post-launch

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