Long-term Rental Platform Rentberry’s Rollercoaster ICO

In February Rentberry raised $30 million in what is, to date, the largest PropTech ICO. The Rentberry tokens are already being used on the platform. For this reason, they have a utility value. But, the liquidity and market-based pricing that is a selling point for many to raise money through ICOs can cause the initially limited markets to misrepresent the true value. ICOs are quite different than raising venture or angel capital. Some of token speculators want out the minute that they have the ability to do so. Many think that bots are often at work to bring the price down enough to cause panic and then buy them back at a fraction of the price. Those that buy into ICOs should also be aware of the risk involved in listing it on an exchange.

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