GreySpark, conducted a study and concluded that almost half conducted over the past year, the ICO, namely 46%, failed to attract even one cent of investment.
The consulting company analyzed various parameters and metrics of the cryptocurrency industry, based on data ICOData.io and ICO-Check.com. It was revealed that almost 900 ICO has suffered a complete collapse, and 793 project managed to collect only about $1 million less than planned to collect the amounts.
Among the main reasons for this decline analysts are:
- the lack of interest
- fraudulent schemes
- technical difficulties
- ill-conceived marketing campaign
- bad choice of strategy of entering the market.
Well, one of the main reasons: the decline of interest to the cryptocurrency.