If you are following our project you are also likely to be in the loop of the latest developments on the ICO market
There were 902 known projects in 2017, but 142 of them failed even before the tokensale, whilst another 276 projects failed to produce an MVP after fundraising. To quote Businessinsider, less than half of all ICOs in 2017 (48% to be precise) were considered a success. And of the $5.6 billion raised, a quarter was collected by the few largest ICOs.
What about this year? According to Coinschedule in 2018, in total, 517 ICOs have raised over $11 M in just the first 6 months of the year. However, only 265 ICOs have managed to raise 50-100% of their planned hardcaps, whilst only as little as 18% reached their hardcaps. Once again, about $4.7 billion was collected by the 10 top projects, including Telegram, Petro, TaTaTu, etc.
With that in mind, 2018 promises to be a true year of the ICO. With competition going strong, one can call 2017 the year of the ICO. Lots of projects failed to reach their targets during their tokensales. Be it a weak whitepaper, poor marketing, lack of trust from the investment community, non-existent token value, or a combination of all of these factors.
It's time to forget about the "homemade" ICOs of 2016 and 2017. Developing an MVP is key to an ICO's success in 2018.
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