46% of ICOs failed to attract a dime

Consulting company GreySpark claims that 46% of ICOs between 2017 and August 2018 failed to attract a single dollar of investment.

In his research the company analyzed various trends and indicators of the crypto industry in recent years based on data from ICOData.io and ICO-Check.com. As a result, it was found that 893 IPOs completely failed, and only 793 startups were able to gain more than $ 1 million from the sale of tokens..

The document also says that the share of initially profitable projects has significantly decreased over time. Analysts cite the main reasons for this: lack of interest, product disappointment, fraud, technical difficulties, failed marketing campaign and go-to-market strategy. For 2016-2017, the rate of some tokens increased by 80 000 times their original price. However, after a while, the cost became lower than the purchase price and could not recover.

Another reason is the decline in public interest in cryptocurrencies. At the same time, the general downturn of the market leads to the fact that investors focus on the main coins, ignoring the ICO. Regulatory issues and scams also have a huge impact. According to the Satis Group, almost 80% of 2017 IPOs were fraudulent. This is considered the main factor forcing investors to stay away from ICOs..

46% of ICOs failed to attract a dime

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46% of ICOs failed to attract a dime

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