Reasons why ICOs fail - page 3. | Bitcointalksearch.org

tiedcoin

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Quote from: Ini35 on March 21, 2018, 07:03:16 AM

There are many ICOs out there, but more than 50% of them fail.
From my analogy, could this be the reasons why ICOs fail?
1. Being too complicated:
If you want investors to favour your ICO, make sure they understand your coin offering. Be concise yet interesting, creative yet not too ‘techy’ and try to explain concepts from scratch. Of course, the detail you go into is likely to depend on your target audience.
2. No unique Use case and lack of creativity:
The reality is, ICOs are not straightforward and with new ideas and concepts arising daily, you need to get noticed and that means coming up with some unique Use case
So, before a developer even attempts to launch an ICO or enter the crypto world, ask yourself: "What will make investors choose this particular ICO over a competitor’s ICO?"
I believe the list continues.

I agree. However, here are some more reasons why I think ICOs have failed.
https://medium.com/altcoin-magazine/why-did-icos-fail-7e02418f2b71

Jatawneh

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Quote from: Ini35 on March 21, 2018, 07:03:16 AM

There are many ICOs out there, but more than 50% of them fail.
From my analogy, could this be the reasons why ICOs fail?
2. No unique Use case and lack of creativity:
The reality is, ICOs are not straightforward and with new ideas and concepts arising daily, you need to get noticed and that means coming up with some unique Use case

This Coin use is one of the main factors for any project,
ICO fail because their products does not have any value and demand. it is very important before launching an ICO, make sure that it has an audience who has need of your offering.

If the project does not have any value and demand, then i will not invest in that project.

xephireusMMX

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Many ICO projects are fraudulent, so investors are not eager to invest in ICO projects, and because of this so many failures

Genkotsu

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yeah i agree with all point that.
ICO fail because not have a fresh or unique concept, like copy paste from a success project ICO before.
the people here need something new something better and something bigger.
we need a new project and ICO/IEO with something fresh concept using blockchain technology.

rachman mahesa

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Quote from: Daha19 on June 09, 2019, 09:14:29 AM

Yes, mostly a lot of projects of the same type or completely useless, such projects are created just to collect money and turn into a scam.

I also sometimes think, Is their main goal only collecting money from investors. And create projects that are easy to manage for the start and don't think about going forward. Indeed, I often see the same project and indeed it is not even useful at all. That's why many ICOs failed

Daha19

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Quote from: Javanewstar on March 21, 2018, 07:05:04 AM

Because most of the ICO project is more like a hype, they didn't have any meaning, from their white paper can determine that they are unlikely to succeed, so I think now is not a good time to an investment ICO.

Yes, mostly a lot of projects of the same type or completely useless, such projects are created just to collect money and turn into a scam.

Nwankwobtt

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I do not agree with your first reason at all.. from experience I have seen that projects that sound too techy tend to attract more investors because people are drawn to tech, especially tech that they do not understand, it makes them feel like the developer is very brilliant.

One thing I can add is that ICOs tend to fail when they don't do sufficient marketing, are not organised and do not sound genuine or are obvious copy cats.

Coroline

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Quote from: Ini35 on March 21, 2018, 07:03:16 AM

There are many ICOs out there, but more than 50% of them fail.
From my analogy, could this be the reasons why ICOs fail?
1. Being too complicated:
If you want investors to favour your ICO, make sure they understand your coin offering. Be concise yet interesting, creative yet not too ‘techy’ and try to explain concepts from scratch. Of course, the detail you go into is likely to depend on your target audience.
2. No unique Use case and lack of creativity:
The reality is, ICOs are not straightforward and with new ideas and concepts arising daily, you need to get noticed and that means coming up with some unique Use case
So, before a developer even attempts to launch an ICO or enter the crypto world, ask yourself: "What will make investors choose this particular ICO over a competitor’s ICO?"
I believe the list continues.

systems that almost have similarities with other projects might make people think there is no difference or projects that are not very useful for most people in my opinion

CAPT.DEADPOOL

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The reasons why an ico or project fails is because of a bad roadmap or a bad project so nobody wants to buy their token sales and one more reason is a fake team and it does not reach the softcap it knows why ico becomes unsuccessful.

indrakusumaindra

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Quote from: Ini35 on March 21, 2018, 07:03:16 AM

There are many ICOs out there, but more than 50% of them fail.
From my analogy, could this be the reasons why ICOs fail?
1. Being too complicated:
If you want investors to favour your ICO, make sure they understand your coin offering. Be concise yet interesting, creative yet not too ‘techy’ and try to explain concepts from scratch. Of course, the detail you go into is likely to depend on your target audience.
2. No unique Use case and lack of creativity:
The reality is, ICOs are not straightforward and with new ideas and concepts arising daily, you need to get noticed and that means coming up with some unique Use case
So, before a developer even attempts to launch an ICO or enter the crypto world, ask yourself: "What will make investors choose this particular ICO over a competitor’s ICO?"
I believe the list continues.

Well i dont think being too complicated is a problem, i believe bitcoin are complicate if im not wrong, but still you would learn about it if you want to invest on it, i believe this case is not a problem cause people that love to learn will learn it no matter what as long as its interest. I do agree that ICO started to lack of creativity and its just like copying one to another ICO and i do think the fraud is also the problem why the ICO fail, there is a lot of ICO that success but end up to be scam project and this is the big problem in investing in ICO, the investors are lack of protection and we still lack of regulations to protect investors, i do believe this is the reasons why SEC and some countries are banning the ICO.

freedomgo

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Quote from: poldanmig on June 09, 2019, 08:07:48 AM

Usually the factors that cause ico to fail when their funding is unable to reach the target. this is the cause of ico's failure. and in my opinion this is a natural thing that happens.

That's just one, but even if it's successful in ICO, it's a different game again when it's listed in exchange, that's a bigger chance to maintain a good price.

poldanmig

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Usually the factors that cause ico to fail when their funding is unable to reach the target. this is the cause of ico's failure. and in my opinion this is a natural thing that happens.

seleme

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Quote from: CryptoIyke on June 09, 2019, 06:19:31 AM

The major reason why a lot of ICO's failed is due to the proliferation that brought about so many scam projects and having so many with few investors, not reaching softcaps and a history of already failed ones discouraged investors. So far ICO's have become very unpopular as IEO's are taking over and may be bidding it over for ICO's

The real working product by the team can change the outcome after listing on the exchanges. Popular faces are invited to join the team for marketing tricks but without real product, I can't invest in such projects just for one person. ICOs are outdated, period.

slaman29

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Quote from: Enzo05 on June 08, 2019, 11:31:03 AM

One more reason why most ICO's failed is because there are already existing good crypto then another team will try to defeat those already existing so they will just ended up competing and investors will get confused to it and will just try to invest to other concept instead.

Nah, competition is good for any industry. And especially good in fintech and crypto. It's the entire reason why Bitcoin is so strong. IF no one tried to compete with it, and no one tried to topple it (like Ethereum tried, like BCH and BSV and BTG and all those forks tried) then it wouldn't be where it is today. So no, that's not why ICOs failed. They failed because they simply didn't have a strong foundation. You build things on air, of course they fail.

attech21

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I guess the major part why ICO was falling was about the scam projects that pumping nowadays. Because it takes a big part of every investors to stay away from it and not to invest in the ico. Another thing is that the whitepaper they've presented to the public was just a revised so in short it was just clearly a copy. They're not also gives any updates to their community about what is going on to their project and lastly they're not transparent about the collection fund they've raised. So for the ico to avoid being failed, make a project like the dencoin tokens which give its best for their investors the best out of everything so in return they can give back a good investment to their investors.

CryptoIyke

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The major reason why a lot of ICO's failed is due to the proliferation that brought about so many scam projects and having so many with few investors, not reaching softcaps and a history of already failed ones discouraged investors. So far ICO's have become very unpopular as IEO's are taking over and may be bidding it over for ICO's

Register13

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Maybe the reason why most ICOs fail is because their service or even their product do not have a market demands. These projects may fail as time goes by. Potential users want to see projects that have a defined market as well as future utility. Maybe another reason to be consider was it lacks of real working product. So at the end of it they failed to achieve their set target and once they fail to deliver, investors get discouraged on it. But the market was really grows now, so its not only the ico was the subject of investment, but we have also the alts just like the dencoin tokens which has a good deals of making profits.

kidoseagle0312

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There are so many reason why many ICO fails here are such as follows;

1. The team member of the project are fake.
2. The whitepaper was revised only, in short it was copied.
3. They're not giving any updates to their community about what is going on
to their project.
4. They're not transparent about the collection fund they've raised.

These are I think is the factors reason why the campaign failed.

bittick

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Quote from: DeathProxy on June 09, 2019, 04:04:05 AM

Many fail because of lack of real working product. Many project develops just a whitepaper with unrealistic target and working product. At the end they fail to achieve their set target and once they fail to deliver investors get discouraged then they fall crashing

Most of the ICO that succesfully gathered funds I know could deliver a working project, However they fail to attract people into using it, that's when they got stuck, no one using their product while they are still on expenses of mantaining it, most of people also come just to invest and not really to use the product, I think people really need to sorts that problem out because that's actually what's behind all these failures atleast in my opinion.

dentolas

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I think the major reasons are connected with scam, unprofessional teams, crazy dreams instead of real usefull products, lack of corporate responsability (devs might vanish at any time), products that use blockchain but don't have advantage with it....
in the end, I think ICOs were damaging to the crypto space, as they have passed the message that this is chaos... ICOs are just to easy for scammers and kids with no business experience

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