Data released by analysts shows that OKEx’s initial exchange offerings are delivering some of the best investment returns in the space when compared to the offerings from other exchanges.
Initial exchange offerings (IEOs) are conducted on crypto exchanges and allow a way for investors to support a project by investing in its new tokens, which are made available on the exchange.
Research conducted by Datalight has compared a range of IEOs on different crypto exchanges, like global platform OKEx, with competitors and found which exchange offers investors the most benefits.
Interestingly, the research found that if IEO investments had been sold at their all time high values, the offerings from OKEx were among the best available for customers.
The Datalight team conducted market analysis of top projects across exchanges, including OKEx, Huobi, Kucoin, ZB.com and Binance.
They found that the average return on investment by a project’s highest price meant that anyone investing in OKEx listing of BlockCloud (BLOC), would have made a return of 1,711 percent, while anyone investing in the Harmony project (ONE) that was listed on Binance would have made 859 percent, less than half of the OKEx return.
The research said:
“The most profitable project to invest in, if sold at the top, would have been ZB’s VSYS, as at one point its value was 2,356% above the sale price. It’s followed by OKEx’s BlockCloud (BLOC) which at one point was 1,711% above its initial offering price.”
However, in other areas the report found that different platforms showed some benefits. For example the Unus Sed Leo (LEO) team were able to raise $1 billion by listing on BitFenix, way ahead of the $75.7 million the next highest project, Gatechain Token (GT), raised on Gate.io.
First choice for IEOs
An OKEx spokesperson welcomed the report and said that the statistics proved that OKEx was delivering fantastic returns for its investors.
We’re always on the lookout for new projects and tokens to list under our IEO process, they said.
The IEOs we’ve listed so far have demonstrated their quality to us from the start and we’re confident they will provide strong returns for our investors and customers in the long term.
This research from Datalight backs up what we already knew. Our products, like BLOC, are delivering great returns.
OKEx is one of the world’s biggest cryptocurrency exchanges. Boasting customers from across the globe and a recently reported 30-day trading volume of close to $34 billion, figures from CoinMarketCap show.