Topic: Reasons why ICOs fail - page 53. (Read 319623 times)
The more troublesome it feels to pick an ICO venture that can be fruitful and not fall flat. Particularly when there is an ICO venture that was intentionally made a trick. What's more, one of the reasons for the venture could come up short is on the grounds that the offer of its tokens did not meet the objective.
Marketing is the first factor. ICOs now needs more influencers to promote their projects.
Signature campaigns are very important and content generation is the next important part of marketing ICO
Signature campaigns are very important and content generation is the next important part of marketing ICO
I participated in almost 50 different ico and not one project has never moved according to the road map. The deadlines are constantly shifting.
I agree with these points. Many projects are only a few developers who are not strong in marketing and promotion.
An ICO is the easiest way to raise money today but success depends on several factors:
1) First, your product offering has no market. ICO fail because their product or service has need or demand in the market.
2) Poor brand identity. People make subliminal decisions in seconds and the way your brand looks and is represented.
3) Poor PR and marketing content. At any stage the ICO good communication and PR are the key.
4) Unrealistic budget and objectives. The higher you set your hard cap, the more budget you will need for marketing, design, development and PR.
5) Lack of reporting and measurement. A lot of teams behind ICO's are new comers to the online marketing space and don't understand the importance of analytics and reports before it is too late. In order to succeed, you need to make sure you have properly set up tools like Google Analytics with necessary goals to track user behavior.
It's correct. Which ICOs can meet at least three of the five things that you describe will succeed. But to get such ICOs is really rare 1) First, your product offering has no market. ICO fail because their product or service has need or demand in the market.
2) Poor brand identity. People make subliminal decisions in seconds and the way your brand looks and is represented.
3) Poor PR and marketing content. At any stage the ICO good communication and PR are the key.
4) Unrealistic budget and objectives. The higher you set your hard cap, the more budget you will need for marketing, design, development and PR.
5) Lack of reporting and measurement. A lot of teams behind ICO's are new comers to the online marketing space and don't understand the importance of analytics and reports before it is too late. In order to succeed, you need to make sure you have properly set up tools like Google Analytics with necessary goals to track user behavior.
I think that the main reason is the distrust of people to invest their money in projects in a falling market, because now it is the falling market when people lose their money and they are not going to lose them, so they simply fix the deposits.
2018 ICO too much, and new + good idea no more, it hard to success if you don't have good idea, good team ( both marketing and development )
Yes everything you describe is very true. investors will choose ico projects that are acceptable in real life and have a high value. this will make the price at the time registered in the market is stable and increase in every year.
An ICO is the easiest way to raise money today but success depends on several factors:
1) First, your product offering has no market. ICO fail because their product or service has need or demand in the market.
2) Poor brand identity. People make subliminal decisions in seconds and the way your brand looks and is represented.
3) Poor PR and marketing content. At any stage the ICO good communication and PR are the key.
4) Unrealistic budget and objectives. The higher you set your hard cap, the more budget you will need for marketing, design, development and PR.
5) Lack of reporting and measurement. A lot of teams behind ICO's are new comers to the online marketing space and don't understand the importance of analytics and reports before it is too late. In order to succeed, you need to make sure you have properly set up tools like Google Analytics with necessary goals to track user behavior.
1) First, your product offering has no market. ICO fail because their product or service has need or demand in the market.
2) Poor brand identity. People make subliminal decisions in seconds and the way your brand looks and is represented.
3) Poor PR and marketing content. At any stage the ICO good communication and PR are the key.
4) Unrealistic budget and objectives. The higher you set your hard cap, the more budget you will need for marketing, design, development and PR.
5) Lack of reporting and measurement. A lot of teams behind ICO's are new comers to the online marketing space and don't understand the importance of analytics and reports before it is too late. In order to succeed, you need to make sure you have properly set up tools like Google Analytics with necessary goals to track user behavior.
There are no unique cases and lack of creativity are the main reasons for ICO's failure, and most ICO is only long-term planning, and there is no specific implementation of the road map.
Again, I think some icos fail because of the saturation in thier sector already. Too many projects offering same solution. This way, people look for something new and refreshing.
Your thoughts look like quite logic and I agree with you. ICO are becoming less reliable now and I am really confused with this trend. I hope it will not to continue.
The success of ICO is determined primarily by its acceptance by the audience. If an ICO is not able to gain audience's trust then it won't be successful and won't fulfill its purpose.
Sure, because many of them is just copy paste another project and if they has a same concept but i believe it's lack creativity and not unique. Just look at this situation now, maybe since january in this year more than 50% icos are failed.
Yes, and I gues almost 75% of icos will fail again once the market will god dip again. Most of them are copy pasted, the only difference is the seriousness and dedications of team members to make the project successful.
One reason running on my mind. ICO are mostly failed in ICO because of the market level of risk. Everytime is dump and of course it affect the mind set of investor. Why would they buy a coin or token in ICO while it surely dump below ICO. So most of us just scared for any losses
I think that most of the ICO fail because there were people who wanted to cheat and get money from us and not worried about new technologies and their implementation.
2. No unique Use case and lack of creativity
There are many similar blockchains with good ROI, so i think uniqueness is not a reason for fail. Low hype really can be a problem for the project..
There are many similar blockchains with good ROI, so i think uniqueness is not a reason for fail. Low hype really can be a problem for the project..
A lot of ICOs fail due to different reasons. Most of them do not have a good plan, a working prototype (a good one not just rubbish), long term plan is not good enough.
Another reason is the team. The team of most ICOs do not have the necessary experience and expertise to develop the project. Though the idea might be good but team is very important for the execution.
And some are outright scam that just want to collect money from the public.
Another reason is the team. The team of most ICOs do not have the necessary experience and expertise to develop the project. Though the idea might be good but team is very important for the execution.
And some are outright scam that just want to collect money from the public.
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 don’t think they fail, the crash failed almost everything. I think there’s a great chance that people will go for ICOs like Liven and RedCab as they are targeting real markets like food and transport. They will be the top projects in future as crypto is becoming mainstream. 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 totally agree with you! Each ICO that is now launched copies someone's already working idea. At this rate, soon will be lost all meaning for investors.
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