Block.One’s yearlong initial coin offering (ICO) for the EOS blockchain raised a record-breaking $4.1 billion in 2018.
LiquidApps created a second-layer protocol for EOS to offload computing expenses for dapps, which became very expensive just a few months after #EOS
In a similarly yearlong #ICO
is currently selling #DAPP #tokens
to be used on its new #protocol
However, six months in, LiquidApps had sold only $2.8 million worth of DAPP. After the same amount of time for its sale, Block.One had sold $700 million worth of EOS.
aren’t raising #money
like they once did, even during marathon sales.
In the first half of 2018, the average initial coin offering (ICO) raised $25.5 million, based on data reported by PwC. The biggest ICO of them all, the yearlong EOS offering, closed during that era and raised a whopping $4.1 billion.
But a second ICO that aimed to make EOS more usable and also opted for a #yearlong
approach hasn’t drawn as much #investor
LiquidApps is building a second-layer solution for EOS that runs on the company’s DAPP token, which has been sold in daily auctions since February 2019. At the end of its 233rd auction cycle on Aug. 19, the DAPP sale had raised just $2.8 million worth of cryptocurrency.
The LiquidApps solution is meant to take pressure off the EOS #blockchain
‘s #RAM #system
,which has gotten bogged down as computing resources have proven to be the scarce asset on the fourth-largest blockchain by #marketcap
Still, the effort seems to be garnering comparably little fanfare. For comparison, six months into the EOS sale, the startup behind it, Block.One, had raised $700 million, according to a December 2017 report by the #WallStreetJournal
This is a different era in #crypto
, however, and LiquidApps has put out a much more real product than vastly larger ICOs that ended long ago.
Kreuger , #creator
of the #Lynx #Wallet
, which is built to work well with EOS, told CoinDesk that he was not surprised by more modest returns on the LiquidApps ICO.
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#trading #crypto #ico #EOS #wallet #vlue #volume #exchange #marketmaking #liquidity