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Wow, 144M. As a crypto n00b, can someone clarify if this is "real" money? Just wondering since I have never heard of Bancor before and this amount of funding is

• isubkhankulov 9y ago
  its in ETH, not dollars, so it would be quite difficult to convert without slippage because the markets are quite illiquid. Basically, people trading their ETH paper gains as a diverisification play.
  • Animats 9y ago
    Its in ETH, not dollars. Oh. This suggests that ETH is way overvalued and illiquid. We're about to find out how liquid Bitcoin really is. The Mt. Gox bankruptcy trustee has 202,185 Bitcoins and may have to convert them to yen.
  • dna_polymerase 9y ago
    ETH is not illiquid per se. Those ICOs just happen to collect 0.1% of all the circulating ETH, imagine you would go to a stock broker with 0.1% of all USD circulating...
• gnarcoregrizz 9y ago
  I think a lot of money going to these ICOs are people that got into bitcoin/ethereum early trying to diversify their gains with more crypto tokens. Like, the BAT token consisted of 4 whales
• jcfrei 9y ago
  If a lot of companies who performed an ICO would actually cash out ether prices would tank pretty fast. There are a couple of paragraphs in the very recommendable Crypto Trader Digest (written by the people of BitMEX) which goes into a little more detail. Liquidity is still very low on all these exchanges so it doesn't take much for panic selling to set in.