46% of last year's ICOs have failed already

[visiblehand]

A lot more projects are basically dead on arrival.  They have no plan for their business, no product that people need or no way to generate demand for utility tokens for their product.  95%+ of current ICOs are going to be pretty much worthless eventually.  In addition to all the outright scams there are so many that just seem clueless about building a start-up business.

[Jarx]

https://news.bitcoin.com/46-last-years-icos-failed-already/

• 46% of them are effectively dead already – despite raising over $104 million.
• 902 crowdsales... 142 failed at the funding stage and a further 276 have since failed

The modern market is growing up but some guys trying to make money with the old ways - create a silly ICo and hope that people would bring their money. But they won't. Today the ICO have to be made py professionals and copypasting whitepapers, stealing the idea and pumpindumping the coin aren't working today.

[blozo]

I think is normal for all new technologies: we have ton of new projects, most will fail, few will succeed big (investing in one successful project should compensate 5 failures)

[realcrypto]

We have to know that 50% of ICO will fail so do not expect 100% success. Always know that it is just a risk to invest in any ICO.

[deviltasha]

Yes but some of them did not. The main thing about ico is to choose correct one and invest in good project.

[Jarx]

Yes but some of them did not. The main thing about ico is to choose correct one and invest in good project.

You can tell that about literally everything - "how to run your own business? just choose correctly a good business" or "how to cook a good steak? ..."  ... well, you got me.

[sunX3]

Like most startups, most ICOs also fail. Nothing you can do about that.

But on the other hand, I'm not really surprised to see that number based on the amount of scammy and shitcoin ICOs. I hope this will cause people to step up their game and introduce ICOs that are actually worth investing in.

[kulakvlad]

https://news.bitcoin.com/46-last-years-icos-failed-already/

• 46% of them are effectively dead already – despite raising over $104 million.
• 902 crowdsales... 142 failed at the funding stage and a further 276 have since failed

Situation with my ico is slightly better. But in general I agree with the article. I think that the situation will only get worse as the competition grows.

[GreenPowerRanger]

Thats a lot. But what you they mean by failed? A coin whos just less wort then the ico price? Because they are a lot of them. I would say a coin just fails when it has no value and the devs and team stop working on the project. Also a list with the name of all those project who has failed would be interesting. I think when they write this article on december, they would be 0% of failed icos

[TheBountyManager]

This is a great news it only means that the ICO investors are doing their own research that is why most of these shitty campaigns are taken for granted because people already knows when the project isnt going to achieve,not unlike from the past where most of the investors are too lazy to research that is why most of the ICO investors are losing a lot of money.

[Dluretic]

This is really too much, which means that most of the ICO project is just a scam, these projects have not any value for investment, however, if the project can survive, so they will be some very good ICO project.

[RandomNumberGenerator]

Statistics is a cruel thing   but this is our reality.  This is why we should learn every day,  in order to be able to figure out such projects and stay away from them.

It does look cruel unless you read the first comment after the article:
"No I am not surprised. Because here in the USA, Bureau of Labor Statistics reports, 1st year failure is about 37% of all businesses with employees. That is rather misleading because the stats does not include sole proprietorships. In the USA, about 70% of all new businesses are sole proprietorships and their failure rates the first year are abysmal. "

So 46% vs 37% is not that big of a difference imho. ICOs are a good way to get funding for business, some will succeed some will not. It is also a good way to invest your hard earned money (after researching ICOs of course).  

[VenturaBro]

I wonder why most ICOs are failing.

Obviously there are more and more scammy ICOs nowadays but surely, there are some good ones still around, right? Or do the scammy ICOs make up for most of the statistics?  

[macit800]

That is a very high amount, but I think that it is normal. There are extremely much ICO´s at the moment, that means that a lot of ICOs will fail.

[chitocrypto]

We should look at the percentage of ICOs that finished funding. How many of those are still existing now? How many of those funded ICOs launched? If we add ICOs that failed funding, it will look bigger than what we expect.

[kololo]

It is a terrible news. So much project was scam and take the money away. I think DAICO is a good choice to avoid the scams now.

[PadenoM]

That is not a surprise, the easy money raised by ICO created a lot of shitcoin which are now dying compare to serious project, 46ù is just the start a lot more will start their dump soon

[Panteleymon]

There is nothing surprising. This percentage is derived from a large number of ICO. The market is relatively young and new, that's why so many teams participate in it that do not know how to calculate their strength. But the desire to do something on the crypto currency is stronger than rational possibilities. This is born out of greed or the pursuit of profit without calculating one's own strength. It's a little regrettable. By their actions they inflict more time on the reputation of the crypto currency and the whole segment. Over time, their number will decrease and the market will remain predominantly experienced teams (or mercenaries). This will not prevent unsuccessful starts, but will definitely reduce their percentage of the total number.

[Crumple Cat]

I would not say that they are failed. They didn't even begin and never were projects.
These are ICO projects, in contrast to real projects  that hold their ICOs.

[Crypto_4eva]

Damn that's alot.