“Vaporware” ICO Tokens are Already Trading Below Their Initial Offering Price

The initial coin offering (ICO) industry finds itself in a bit of a pickle. On the one hand, the SEC is cracking down on illicit securities offerings. On the other hand, the prices of ICO tokens are crashing hard. This is not a great development for the industry as a whole.
The ICO Tokens Are Crashing in Value
Buying into an initial coin offering is always a certain risk. The perceived value of these tokens may not necessarily reflect their actual value. As of right now, close to half of all ICO