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| July 18, 2018

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Elon Musk Promises to Fix Flint Water Contamination

July 12, 2018 |

He sent a sports car to space , but can he fix Flint’s water crisis? Elon Musk says the answer is yes. In response to a request on Twitter Wednesday, the Tesla and SpaceX CEO promised that he would deal with the scandal in the Michigan city, where the water supply…

Tainted Water Blamed for Deadly E.Coli Outbreak

June 29, 2018 |

The worst E. coli outbreak in the US since 2006 is over, with five people dead and more than 200 sickened by tainted romaine lettuce, federal authorities say. The outbreak, which affected people in 36 states and caused at least 96 hospitalizations, was traced to the Yuma region in western…

U.S. allows Nestle to keep taking water from Southern California forest

June 29, 2018 |

U.S. officials offered Nestle, the maker of Arrowhead bottled water, a three-year permit this week to keep taking millions of gallons of water from a national forest in Southern California — but with new restrictions designed to keep a creek flowing for other uses.

The offer announced by the U.S….

L.A. Times – Business

#PermitPatty Calls Cops on Girl Selling Water

June 24, 2018 |

A video being widely shared online this weekend appears to show a woman calling police in San Francisco on an 8-year-old girl for selling water without a permit. Per the Huffington Post , the woman, who appears to be white, is seen on the phone as the non-white girl’s mother recorded…


Dollywood Sued for over $2 mil by Family for Serious Spine Injury on Water Ride

June 23, 2018 |

A fun family trip to the water park turned into a nightmare for a mother of 2 when her back got seriously jacked up on a ride … according to a new suit. A husband and wife are suing Dolly Parton’s famous theme park, Dollywood, claiming they took…

Kansas water park co-owner arrested over 10-year-old boy’s decapitation

March 27, 2018 |

The co-owner of a water park company was arrested in Texas Monday in connection with the 2016 death of a 10-year-old Kansas boy on what was billed as the world’s largest water slide.
FOX News

Students Start Fire While Cooking Pasta Without Water

March 25, 2018 |

A trio of American exchange students in Italy made the unlikely mistake of trying to cook pasta without water a pot full of pasta without actually adding any water. Per Munchies , the mistake was so bad that the pot caught fire on the stove, forcing the three panicked 20-year-old’s to…

Trump Throws Cold Water on Venezuelan Cryptocurrency

March 20, 2018 |

The Venezuelan government hopes its oil-backed cryptocurrency will help right the nation’s flailing economy, but a move by President Trump may complicate the bid to outmaneuver US sanctions. Trump on Monday issued an executive order immediately banning all use by Americans of Venezuela’s “petro” currency. Per the AP, cash-strapped Venezuela…

76% of This Year’s ICOs Are Already Under Water

March 19, 2018 |

76% of This Year’s ICOs Are Under Water

2018 has been a tough year for the cryptocurrency markets, and crowdsales have borne the brunt of it. ICOs launching in the first quarter of this year have struggled to turn a profit, with the majority of exchange listed tokens trading at a loss, both in USD and ETH terms. As a consequence, pre-sales provide the only means of turning a profit – and even that’s a long shot.

Also read: Many Token Crowdsales No Longer That Open to the Crowds

76% of ICOs Are in the Red

At MIT Bitcoin Expo on Saturday, Christian Catalini claimed that “40% to 50% of ICOs are currently underwater – trading at a price lower than the initial offering price”. Having examined the data for 2018, using Tokendata and ICO Stats, can confirm this to be a reasonable estimate. In fact, 76% of 74 ICOs completed this year are in the red, posting an average dollar return of 0.9x. The 56 exchange listed ICOs that are trading at a loss have an average USD return of 0.45x. (ICO Stats calculates its ROI based on the token’s pre-sale price, rather than the public sale, so the average return for all 76 ICOs is in fact slightly lower than stated.)

76% of This Year’s ICOs Are Under Water

Ethereum has dropped in value since the start of the year, reducing the average dollar return on every ICO to have launched on its network. Even if 2018’s losing ICOs are calculated in ETH terms, however, they are still trading at an average return of 0.9x. Whatever way the numbers are crunched, investing in ICOs is now an extremely risky business that’s statistically unlikely to produce a short-term profit. These projects may go on to produce a healthy profit once their infrastructure develops and the markets pick up. But if investors can purchase the tokens on exchanges for cheap in the interim, it defeats the whole point of signing up for a crowdsale.

The Halcyon Days of 2017 Are Long Gone

76% of This Year’s ICOs Are Under WaterIn 2017, ICOs produced an average ROI of 573% according to This year, just one ICO – Zilliqa – has surpassed that figure, delivering 12x. Last year’s big hitters, by way of comparison, were Spectrecoin (46,000%), Storj (7,600%), Populous (5,400%) and Qtum (4,500%). There’s still plenty of time for 2018’s ICOs to come good, though right now investors would simply be happy to see their tokens turn green. It’s been evident for some time that pre-sales are the only realistic route into an ICO. Deep discounting at this stage means there’s typically few tokens left by the time of the public sale, and the valuation of these, coupled with market conditions, makes profiting all but impossible.

Of the 22 ICOs that are in the green this year, just two (9%) are for app tokens. Every other project is for blockchain infrastructure development of some sort, be it dApp directories, DEXes, new chains, or scaling solutions. If you’re going to invest in an ICO, then, the message is clear: be selective, choose blockchain projects over ‘X on the blockchain’ platforms, and make sure you get into the pre-sale. Otherwise, you’ll be wasting your time and your ethereum.

Do you think ICOs are now too risky to invest in? Let us know in the comments section below.

Images courtesy of Shutterstock.

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