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Monad kicked off the winter wave of ICOs back in November. Since, we've seen a steady stream of projects following suit – so far, four tokens have gone live and given us an early set of data to deduce how ICOs are actually performing in this challenging market.
So far, the takeaways are... complicated. And the nuances matter, because they reveal a lot about why projects are choosing to launch tokens into what continues to be a pretty tough market.
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* Bankless team holds crypto assets and advise crypto projects. Aztec and Zama are included in our disclosures. See our complete investment disclosures here
