Topic: Reasons why ICOs fail - page 4. (Read 319635 times)
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 ico fail because they are now not too transparent to sales and they are also lacking in promotion, such as not attending some blockchain events or ideas from projects that don't make sense
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.
The reasons for the failures are many. Initially, this is the commitment of the team to develop their project. The usefulness of the product for users and the relevance of the application. A strong community and a transparent, honest proposal of founders to investors. Further, the competence of developers and a specific thought-out development plan. 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 think the major reason why most ICOs fail is because the said team members are not being genuine most times. Many are just after the money, after token sale they will keep deaf ears to investors. Strategy and updates matter a lot, not just fake promises.
Base on my own observation and simple analysation almost 10% upto 20% of all ICOs out there are authentic and have a good purpose. Some people like investors are forgot to investigate and to know more about the ICO that they want to participate. Also the weakness of developers are the common problem of some ICO's because of that the probability of getting unsuccessful is an big percentage.
Same reason why most businesses on the planet fail. Just Google "percentage of failed businesses in the world"
90% of businesses fail according to forbe: https://www.forbes.com/sites/neilpatel/2015/01/16/90-of-startups-will-fail-heres-what-you-need-to-know-about-the-10/
The current situation of ICOs is a problem that can be fixed. I think we will be forced to fix it eventually once we realize that there is no better way of funding blockchain projects. Once it is fixed only quality projects will be able to raise funds and only few projects will go through ICO
90% of businesses fail according to forbe: https://www.forbes.com/sites/neilpatel/2015/01/16/90-of-startups-will-fail-heres-what-you-need-to-know-about-the-10/
The current situation of ICOs is a problem that can be fixed. I think we will be forced to fix it eventually once we realize that there is no better way of funding blockchain projects. Once it is fixed only quality projects will be able to raise funds and only few projects will go through ICO
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.
I think that is all true, and in 2019 there were very few crypto investors who joined the ICO project because they were traumatized, and now they have chosen IEO to invest
The ico that fails are those projects that offers shitcoins so they don't have investments and investors dont want to invest in their projects so they are failing and thise projects that fails has no potentials and will never be successful ,but this project is good and can ne successful project soon so dont miss a chance to have the tokens if the Dencoin.
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.
ICO can be determined by their purpose , good team and developer , community support and trust. we can say you can add creativity in ICO but the question is does the team can implement it or the team are capable of doing it. there are a lot of creative ICO but after the offering they just simple disappear because they cant implement what they promise and due to lack of trust ICO will always in the way to fail because other ICO already exhaust the trust of the investor. 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.
Mainly because after collecting funds for further development, they are not working on the promised project. Resulting to the downfall of its price since there is no product. Some are working but the progress is slow and it is bad for the investors and they maybe think that the project is abandoned and I think having an active ICO group chat could make them less worry by updating them. But mostly ICOs are 90% fail since 2018 because of fraud, many projects to mention but that's it. It is because of the shit team who just want to get money from easily fooled people. So next time find a better project that won't left its investors until the end of collection.
The main reason why ICO fails is that people don't DYOR and take into account influencers. ICOs are greedy and they don't want to pay marketmakers. That's why token is dumped
Might be? but for me it is lack of prefessionalism especially these scammer doesnt know how to writer a good whitepaper ,purely shit contents in the whitepper plus the websites look terrible,they arent using their own identity.Peopla re more vigiilant when it coins to these ICOs they are doing a lot of research if they have found that an ICO has some missing information they wont invest to it that is why it is so important to have a good team and advisors aboard.
I hope you don't fall for some elaborate scams though.
A lot of cunning guys have written well articulated whitepapers and thrilled readers and still pulled a houdini on spectators.
It's best to look for credible teams with individuals as influential as Alfred Khan building a solid, yet simple idea into a working product.
Most ICOs were actually not meant to be successful in the firat place. The idea was actually conceived by scammers and so how can such ICOs even survive. The few that are legit are the onces that survive.
Most ICO's coming up copy the already existing ideas people have, hence the uniqueness is lost. People want to follow different things. In addition too, the ICO's do not give real solution to problems and they sound very abstract to investors.
Every ico's will fail for those people don't like the project and lack of investors for sure. So many projects that has been untrusted in bounty section that being scammed they just want to become secure for their self's.
You are true about uniqueness. Many projects are copy paste copies, very similiar and we do not need hundreds of alternatives, like Bitcoin copies.
On the other hand it is hard to come with something new.
On the other hand it is hard to come with something new.
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.
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, you are right that ICO are too complicated and I agree with that but you should also consider that being complicated has it's own uniqueness and has a good outcome when it comes to investments.
I do not understand where originality is and how it can make good investment results. I just see the current ICOs no longer bring much attraction to participants
Not have good developing planing atlist before start the ico their project. Even it is common reason 2018-2018 we got more scammer ico so now decrease investor man. Trust and real project totally no have but you can follow IEO because have more investor do follow IEO now this time.
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.
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, you are right that ICO are too complicated and I agree with that but you should also consider that being complicated has it's own uniqueness and has a good outcome when it comes to investments.
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