If there is no hype it wont work.
Its like any business. a business with a terrible product can still be successful if its marketed correctly
Topic: Reasons why ICOs fail - page 43. (Read 319623 times)
Some developers sits down and have a thought about a project and feel its going to fly. They only realise what they got into when they try deploying in implementing the idea only for it to collapse.
Still, I think that the value and necessity of the project is born in accordance with what people and the market need, that is, in other words, from needs. Now most of the projects are done simply to raise money.
In my opinion, many ICOs fail because many ICOs are fraudulent and thus people have the assumption that all ICOs are fake, and this makes another ICO fail. So many investors take advantage of people who join the ICO project because of that many ICOs fail. This solution must be sought immediately.
Well because of this uniqueness quality you end up making your own which is very unique but it ended up very complicated because of it's difference on all of the others that exist in the market.
I think the icos campaigns fail largely because they carry so many messages that your Token price will increase. And instead i think they should spread the long-term value of the project instead of the immediate benefit. Because anyone is expecting a low price and high selling price, let's focus on what makes up the trend, or what element to reduce the risk of dealing with virtual currency. Many projects are subject to this fundamental error. 100% traders only care about two things: price increases and risk aversion. Besides the failure of the media and press they do not invest much.
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.
In addition, Many ICOs fails due to competitor's ICO. f0r instance, A is building Decentralised Exchange, at same time. B is building a Decentralised Exchange. SO, how will Both ICOs succeed? In fact, Many of the ICOs, is just a copy cat of existing ones
I have looked in to the failures of some of the most high-profile ICOs and I believe that these are the main reasons:
1. Project was not unique, with similar ICOs either ongoing or in the pipeline
2. Soft-cap / Hard-cap levels kept very high
3. Geographical restrictions
4. Mismanaged bounty campaign
5. Team was not trustworthy
1. Project was not unique, with similar ICOs either ongoing or in the pipeline
2. Soft-cap / Hard-cap levels kept very high
3. Geographical restrictions
4. Mismanaged bounty campaign
5. Team was not trustworthy
You're rate is quite high there are only 20% who manage to get their success while the others fail in humiliation. maybe because of so many icos that are popping these days and so many are scam too that's why less and less people are getting interested on investing on icos.
Yes, there can be a lot of reasons. Very important for me at the very least at what time ico entered the market on its fall or its growth and this in the end will have a significant impact on its value in the future. And one more big reason if the development team does not cope with the work because it lacks experience in the field of blockchain. And most importantly, if the community does not have a trust project, then it will not collect anything in the end and will be another disappointment of the year.
a community that is not strong, a team that is not solid, a product that cannot be understood by investors, ico prices are too expensive, market conditions are not stable
The main reason is because it does not reach the sales target and most developers only pay attention to the Cryptography section, without really paying attention to the Economic and security department of course.
Perhaps my experience of seeing the ICO has a lot of the same vision of the ICO mission in making the purpose of the ICO product.
We can see that there are many ICOs in terms of health, logistics, finance, ordinary tokens for use. ICO products are just like that.
We can see that there are many ICOs in terms of health, logistics, finance, ordinary tokens for use. ICO products are just like that.
In addition to the reason listed to the failure of ICO, ICO also fail as a result of unrealistic expectations, untested market and over ambitious goals! Just keep your project simple and focus on the market that will have thorough understanding of your offering, then you are set!
In addition, the ICO fails due to an ongoing cause, the market is no longer attractive to investors, it only makes them lose money, they will leave the market leading to no new investors in the ICO project and of course led to it failing
Perhaps some ICO projects cannot be realized because they don`t do any good for society.
When people invest in ICO, they expect a huge effect from the project. Sometimes this doesn't happen.
When people invest in ICO, they expect a huge effect from the project. Sometimes this doesn't happen.
There are do many factors that are accountable for the success or failure of an ICO. When the idea behind a product is a repetition of what has been done by others and just packaged with a new name. In this kind of situation, potential investors cannpt see the new substance or contribution the project is bringing in.
Some developers sits down and have a thought about a project and feel its going to fly. They only realise what they got into when they try deploying in implementing the idea only for it to collapse.
In addition to the reason listed to the failure of ICO, ICO also fail as a result of unrealistic expectations, untested market and over ambitious goals! Just keep your project simple and focus on the market that will have thorough understanding of your offering, then you are set!
Almost ICO got failure because it has not useful purpose to exsit. It only can survive with good contributions to the community.
Besides that, there are several other reasons that make an ICO fail, and in my opinion, it is on the team. The team is an important part of its role in the ICO. If the team cannot make the ICO concept as attractive as possible, creative but not long-winded and easily understood by the audience. The team is aggressively marketing their products to many investors, of course, they will easily reach their targets. Different if the team in an ICO does not have the above aspects, it will be difficult in the ICO to develop and reach its target.
There are several factors which resulting in some ICO failure, one is the ICO created copies of other ICO so it is not enough to make people interested in investing and members are there in an ICO is not competent and irresponsible.
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