Bancor, one of the most successful initial coin offerings in the short history of digital tokens, is proving to be a dud for investors.
After raising $153 million in a matter of hours in June, the Tel Aviv, Israel-based startup -- whose market maker-like application aims to facilitate trading in other digital coins -- has seen the price of its token decline 56 percent, one of the worst performances among the 10 largest crowd-funding sales.
Read More Here: https://www.bloomberg.com/news/articles/2017-11-01/shining-star-of-initial-coin-offerings-crashing-back-to-earth
