Tezos $232 Mln ICO Sparks Fresh Fears For Ethereum Sell-Off

in tezos •  7 years ago 

The closure of Tezos’ $232 mln ICO - the largest in history - is dividing the community concerned about mass Ethereum sell-offs.

As Tim Draper-backed Tezos concluded its 12-day uncapped token sale Thursday, many including mainstream media, were excited about where the project and its coin would go.

Conversely, however, increasing evidence of startups already wholesale converting ETH profits from ICOs to fiat is causing concerns among investors.
Tezos subsequently responded to his doubts.

All eyes will now be on Draper as the startup prepares to factor in its huge revenue to its previously-established and much-circulated roadmap.

While tokens will eventually trade on exchanges, HitBTC is already offering controversial private purchasing. Similarly controversial futures contracts are on offer at Bitmex.
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