Need further evidence that the digital-currency market is in a frenzy? How about the fact that only about one out of 10 tokens issued in initial coin offerings is in use following the sales.
Of the 226 ICOs analyzed, only 20 -- such as Storj, Augur and TenX -- are used in the running of their networks, according to Token Report, which keeps a database of token sales information. The rest can only be traded, and are purely speculative instruments, Galen Moore, chief executive officer of Token Report, said in an interview.
