EOS raised more than a billion
Ever heard of the concept of buying the ICO from yourself so the issuer surreptitiously controls 80+% of the token supply?
The comment was intended sarcastically but this is the internet so the sentiment is poorly expressed without an /s tag. I dont doubt that the Chinese gambling ring valuation of $1 billion is as dubious. As dubious as the $900 million ascribed to Kylie Jenner who as far as I can tell has sold at most 300,000 make up kits @ $29. Which is $8 million in revenue. Math is a fucky thing.