Half of all the ICO's are dead.
2017 has been a year of the rise of this brand new crowdfunding phenomenon, ICO’s. But while many of the ICO’s have been successful in raising funds and have given staggering returns to its investors around 46% have already completely failed.
The pace at which they’ve withered and died may come as a surprise though. Tokendata, one of the more comprehensive ICO trackers, lists 902 crowdsales which took place last year. Of these, 142 failed at the funding stage and a further 276 have since failed, either due to taking the money and running, or slowly fading into obscurity.
Inspite of being sketchy these ICO’s managed to raise around $233 million.
Many ICO’s are on their way to fail , 113 of them are classified as “semi failed” which means about 59% of the ICO’s have failed. And many more of the upcoming ICO’s are also going to fail for the simple reason that they are clearly meant for “Pump and Dump” or are ponzi schemes and don’t seem to have any long term value.
Here are some failed coins from tokendata.io
This raises concerns and regulatory bodies are becoming more and more alerted by this and will implemented laws which may not be optimal for the ecosystem. Investors should stay away from such ICO’s which don’t even have the transparency about their team and the token economics (Why do people even invest in these?)
This will keep continuing as the ICO mania is still prevalent and the get rich quick image will attract many more such investors who are not savvy and don’t go through the project in detail.
You can see all the DEAD coins in this website: deadcoins.com
For information about the tokens: https:www.tokendata.io
RIP to all the dead coins!
Stay safe from pump and dumps and scams and as we say don’t get REKT!
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