46% of ICOs Launched in 2017 Have Failed

By Olga Robert
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    A study conducted by news.Bitcoin.com, revealed that out of all cryptocurrencies launched in 2017 through Initial Coin Offerings (ICO), 46% have already died, despite raising $104 million.

    46% of ICOs Launched in 2017 Have Failed

    Although not all the cryptocurrencies were expected to last, the reasons for failures were not usual.

    Some failed at the funding stages and some later due to the disappearance of fundraisers with investors money or by "slowly fading into obscurity."

    The study further indicated that 113 of those ICOs could be classified as "semi-failed." These have either stopped their communication on social media platforms or have such a small community that there seems to be no future possibility of success.

    The website has studied over 900 ICOs, and have reported that the result constituted to 59% "confirmed failures or failures-in-the-making" of ICOs in 2017.

    Read more about: ico
    Story first published: Friday, February 23, 2018, 15:09 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more