It has always been assumed that a large number of ICOS will fail, whether at the fundraising stage or when it comes to providing an actual project. It is difficult to establish the exact figure because most dubious ICO slowly tiptoeing away, like a thief, not a robber-the robber. Having completed extensive research Bitcoin.com it is estimated that 46% of last year's ICO actually dead, despite the fact that they collected more than 104 million dollars.
ICO is even more dangerous than you think
No one expected that all ICO 2017-th year will be successful. But the pace with which they faded is quite unexpected. Tokendata, one of the more comprehensive trackers ICO, has 902 projects that took place last year. 142 of them have failed at the stage of funding, and an additional 276 have since failed, either due to theft or slowly disappeared in obscurity. This means that 46% of last year's ICO has already failed.
The number of ICOS that still work is actually even lower. Another 113 projects can be classified as "semi-projects", either because their team has stopped communicating on social networks or because their community is so small, which means that the project has no chance of success. This means that 59% of last year's projects are either confirmed failures or failures in the production process.
ICOs listed by Tokendata
Digital cemetery of broken promises
Analysis 900 ICO is a very depressing picture, reports news.Bitcoin.com Oh. Abandoned Twitter accounts, empty Telegram groups, websites that no longer work, and communities that no longer have development trends and are rated to maintain the course. Digital cemetery characterizes the harvest of 2017. Some just decided to take the money and run. A raised zero, some raised a few thousand dollars and a handful have attracted more than $ 10 million. In each case, the end result was the same, there is no contribution to a decentralized network to improve humanity.
Many of the dead ICOS were doomed from the start. Not surprisingly, such projects as Clitcoin, Neverdie and Zero Traffic, I did not. (Update: Neverdie has since been in touch to claim that reports of his demise are premature.) Some projects that have fallen in the fundraising stage are doing this over and over again this year and hope that the 2017 setback can be written off as a trial run.
Lessons learned?
Many of the 531 ICOS that have failed or failed since last year have looked suspicious from the start. In most cases, investors were able to identify the signs of this. However, not everyone avoided failures, this is evidenced by that these projects have collected about 233 million dollars. As the ICO mania does not show any signs of weakening today, there is no reason to expect that the situation will be better this year. Given this, it can be assumed that investing in ICO in 2018 will be more risky than ever.