GroceryX Pre-ICO Fails to Raise Enough Funds, Investors Will get Refunded

[sanjeev.lamani@]

Even though cryptocurrency ICOs are a real hype right now, not all projects will succeed. Some ventures won’t even make it to their ICO stage either. GroceryX is one of those projects which got canceled before the official ICO even began. Their pre-ICO event failed to raise enough money to keep funding the project. Having a good idea is one thing, but the proper execution and convincing investors are something else entirely. Thankfully, all pre-ICO investors will get their ETH deposits back soon. A sad development, but also a valuable lesson.