The sale of tokens through exchanges, or Initial Exchange Offerings, became a trend in 2019. The carefully curated projects were meant to replace ICOs, with most exchanges limiting the amount of tokens sold, and only allowing small-scale purchases.
And while those IEOs posed relatively smaller risk for personal finance, most assets still lost as they were dumped on the market. BitTorrent Token (BTT), one of the first IEOs on Binance, has been wiped out, sinking from 33 Satoshi to nearly 4 Satoshi, with diminishing bidding.
The asset also lost close to 90% of it...