AlexTF.CCN (OP)
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August 10, 2018, 06:12:29 PM |
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We have wondered, and although there could be many reasons that could cause a project to fail; perhaps one of the biggest ones is their lack of investment in a proper PR campaign... This is why PR is so important for startups and ICOs in general: https://cryptocoin.news/icos/3-ways-pr-is-critical-for-an-ico-18557/
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Kaller
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August 11, 2018, 08:46:14 PM |
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There is also the fact that a lot of ICOs are not here to stay. Some of them are just here to raise money and then leave the market with the money that people have invested in the project. Although the point about them not investing in proper PR campaigns is true. if a company wants to be in the market for a long time then what they need to do is to make sure that they have a good pr campaign.
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stealth.money
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Going stealthy
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August 11, 2018, 09:33:35 PM |
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99% ico going to fail because the people already have secured the free funds and 99% they don't have a working product or even a blockchain. How ico setup is the advantage for creator to take money from dummies like candy.
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Sarobeat
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August 11, 2018, 09:39:22 PM |
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ashao1015
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August 11, 2018, 09:42:22 PM |
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It's a normal for most startups to fall. In economic race can't win every project. Also a lot of hype was in last year and a lot of scam projects collected a lot of money and disappeared.
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chaoscoinz
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August 11, 2018, 09:47:07 PM |
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Many fail because they're not really offering any real innovation, just some people capitalizing off of the crypto craze/ phenomenon. In other words, a lot are just cash grabs, not necessarily a scam, but a chance to profit from an new open and unregulated market. The gold fever is going around again, just like during the California Gold rush that happened years ago in the U.S.
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Supremacy1
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August 11, 2018, 09:49:56 PM |
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proper planning and poor management making most of the ICO fails today , couple with bear market that discourage investors
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poncik
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August 11, 2018, 11:59:31 PM |
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Unfortunately, a big part of the ICOs are not trying to be successful projects in these times. For me, investing in the coins which have already improved their reliability and potential are better selections than ICOs.
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judeafante
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August 12, 2018, 12:11:47 AM |
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One of the big factors is the platform, if investors see that their platform will not contribute to the cryptocurrency industry, then investors will not have a second look in your project, of course marketing is another, but it's easy to generate supporters if the project is good,
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mostkey
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August 12, 2018, 12:42:29 AM |
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There are so many ICO projects that only place profits on themselves after the ICO is completed by raising funds from all investors taking a few percent in one token, I think many see that all projects are not clear what they use to develop cryptocurrency most of them which is unclear for future progress, plus many coins listed for now with increasingly fierce competition rates and back again the ICO is only used for big profit seekers but transient or discarded nature for no reason, all will return to the best coins like Bitcoin or Ethereum weak management is a major factor, they will not be strong with cryptocurrency market conditions.
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krisnajsadrak
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August 12, 2018, 12:59:38 AM |
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PR is very important, thats true but in this red market, i think this is very hard for an ICO project to collect the hard cap my friend, even the soft cap mostly will failed or there is another options by doing an airdrop if the dev team want to continue the project
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kevinzxz
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August 12, 2018, 01:30:13 AM |
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no, because I think the ICO failed is a natural thing, because the ICO might have an existing project without the development or benefit of an existing project.
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Indrawan77
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August 12, 2018, 01:56:37 AM |
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There are many reasons why the ICO can failed, but most of the time the developers only used the momentum to gained money and moved away from the project and start a new one, and yes pr, marketing, developer team play a very important role to the ICO success, in order to succeed in ICO you need a good vision, a good whitepaper that explained the detail, a good and trusted developer team, and the good marketing and PR team to handle problem and attract more investors
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AlexTF.CCN (OP)
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August 13, 2018, 09:50:44 AM |
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All true, even ICOs with good ideas in place fail, not because they're a scam but because they lack the experience or a realistic roadmap to follow. They tend to think the ICOs market differs from other startups, which is false. This has even been studied by experts in Venture Capitals, Marvin Liao being one of them, he said that one of the reasons why some of them don't make it is because they just go off their plans and start spending too much money where they shouldn't. Of course, some are scams but not all of them, they just lack the proper experience and development necessary to make it. Here's the interview with the VC guy, quite interesting what he had to say: https://cryptocoin.news/analysis/interviews/tips-for-startups-to-become-successful-from-marvin-liao-partner-at-vc-fund-500-startups-18459/
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DeleikesiL
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August 13, 2018, 10:02:40 AM |
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There are many reasons for the failure of the ICO. If you want to list all these reasons, it must be very much. But I think the most common reason is because the project itself has no features and does not let investors see value. Secondly, because there are so many ICO scams, this has led to the fact that everyone is afraid to invest easily.
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Red-Apple
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August 13, 2018, 10:06:30 AM |
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there is not much to wonder about really! the reason why ICOs fail is the same reason that altcoins have been failing all these years. it is lack of usage! when they create useless token after useless token, they are bound to fail sooner or later even if they have a good PR campaign and lots of investments. there is simply no point for majority or even all of them to even exist so their existence has an expiration date.
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AlexTF.CCN (OP)
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August 13, 2018, 10:07:37 AM |
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there is not much to wonder about really! the reason why ICOs fail is the same reason that altcoins have been failing all these years. it is lack of usage! when they create useless token after useless token, they are bound to fail sooner or later even if they have a good PR campaign and lots of investments. there is simply no point for majority or even all of them to even exist so their existence has an expiration date.
So negative :p
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berezov_petro
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OPEN GAMING PLATFORM
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August 13, 2018, 10:14:18 AM |
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It seems to me that the main reason for the failure of the ICO is that they simply copy other projects, rather than create something innovative. Advertising and PR is also a very important factor for a successful ICO.
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Emmax
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August 13, 2018, 10:15:53 AM |
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The reason for their failure is many, but one of the reasons is because they don't have the right information and right tools to handle and raised funds. Investors will not come when the plan they have in the industry will not bring good solution to the market. There is an ICO sale going on presently called CryptAssist. The project is amazing they are here to help new comes and expert in the industry and here to help ICO project to raise funds. Many more benefit for them.
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renes
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August 13, 2018, 10:17:43 AM |
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PR is very important because once you raise enough money then everything is done, the rest is about development. But it is also not easy.
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