Many ICOs from 2017 are just zombies?

[kolin_far]

We all know, that in 2017 the ICO boom started and a lot of projects collected good sums. But startups are always risky, on average venture capital market only 1 out of 100 make it really big and others die.

But in crypto teams can burn money really long, even if their idea doesn't prove to be working. Basically they don't even need to! They can just publish news, updates etc and token holders will be happy, the final goal doesn't really bother anyone.

[cezariusss]

Man, I was thinking about the right same thing... If we look closely, what is the probability all those projects will become self-funded after they run out of ICO money?

[tsaroz]

Most of them are doing that. Though some are too having real time progress. In my experience, technology based ICOs are having better improvements than other. And it's the Russian and East European ICOs that are doing the least while Hong Kong and Singapore based ICOs has achieved most.