I don't know why STO projects are not being successful. Every STO project keeps extending their sale period to reach the soft cap but I haven't seen any project that raised good money. I saw KABN last year, I was hyped to participate but later I realized this STO is nothing different than others. Hyghtech, Orbis, KABN, Mobu all are STO that never seen success yet.
Now it is really difficult to move forward in this market and even worthwhile projects do not receive sufficient funding .
it seems to me that investors now have little confidence in the crypto market