Half of the ICO is unable to raise funds


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
  • disappointment
  • 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.

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