Companies that did an ICO before the price boom of 4Q17 are sitting on massive reserves that could potentially fuel development teams for years to come. Last week TenX, a basic wallet that promises a Visa debit card, voluntary disclosed their financial positions revealing that the company is sitting on over $100Mn. Not only is that more than the company originally raised, but it’s more than their whole network is currently valued on secondary markets. And they’re not the only ones.

Ethereum suffered a confidence setback last week as its co-founder Vitalik Buterin told Bloomberg that the blockchain space is nearing its “ceiling” and that the marketing strategy that has been ensued in the last near decade is coming to a dead-end. But extremely deep pockets within the very closed-circuit cryptocurrency community could result in the prolonging of marketing euphoria masking the little adoption of services.

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Despite little user adoption of Decentralized Applications (dApps), and even less deployment as of yet of functioning products, cryptocurrency retail investors are likely to continue seeing upbeat teams within the cryptosphere about the prospect of their tokens having secured funding for years to come.

TenX, who raised $80Mn last year, published their first transparency report last week and became one of a handful of companies to disclose financials. ICO companies have no contractual obligation disclose any financial documentation. They also have no obligation to deliver on product promises, which has been the case for TenX 8-months on ever since Visa ended their relationship with WaveCrest, the only Visa issuer in Europe at the time back in January (Diar, 8 January).

As of August 6, TenX’s reserves consisted of $70.5Mn in fiat and ~$34Mn in crypto - $104.5Mn combined. TenX also disclosed their burn rate, which at $ $8.9Mn yearly the company can keep sending positive vibes to investors for the next decade. But TenX can’t be singled out for its good fortune, and, by their own figures, excellent portfolio management. Many other companies have been blessed with similar good tidings.

While comprehensive financials are not disclosed by many companies, the amounts that they have in their original Ether treasuries at the time of their ICO is public information. Some of the most popular and anticipated projects, most of which have yet to launch, are sitting on treasuries north of $500Mn. That’s excluding their cash on hand, as well as their own token reserves.

Mr Buterin voiced his belief that the decentralized industry must begin to move into the direction of real application of real economic activity. It seems, however, that with scaling issues that continue to be of concern, marketing activities promoting the potential could remain the norm until the User Experience of the world computer gets addressed.