Topic: Reasons why ICOs fail - page 56. (Read 319623 times)
To me, the truth of the matter is that most of the ICOs that failed were designed to fail either knowingly or unknowingly by the team or developers. Some persons just jump out of nowhere without a solid team or a prerequisite knowledge about the blockchain, their so-called product, the right audience, and how they intend to market it. Often a times, they have no clear vision. Some of them are usually more interested in the profits they will make, and are quick to punch with calculators what they will gain if a certain quantity of their tokens are bought at a set price.
some ico are just too complex.
Well there are a lot of icos that are being launched without a prior marketing campaign, and that is one of the main reasons of why it is not longer profitable to invest in some tokensales, because they are not being so hyped at the moment
Most of ICOs fail because they dont make anything unic, most of the ICOs try to kill google, youtube and facebook. They just wish to raise money and make some useless shit. How they raise money? How much do they raise ? Most of ICOs try to raise too much money.
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.
people still calculate in us dollar, or other national currencies the success of an ico but this can quickly change.
so the amount sold for fiats will be insignifianct.
regards
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.
Perfectly noted. I subscribe to every word. The most frustrating situation is when you give good advice, but they are simply ignored. As an example, I advised in one of the projects to make an e-mailing dispatch to investors and bounty hunters with information about the voting contest for KuCoin, but they did not, even though I wrote this 5 times, in the result project place was below 200.
The first reason for the failure of ICO projects, which you described, I would even call an advantage, since the more complex the ICO project is and the better it is worked out the better. The complexity of the product being created is a testament to the team's experience.
Some ICOs fail because of their uncertainty in pricing of the tokens during crowdsale. There are times the price of tokens during a token sale campaigns keeps on fluctuating up and down and that can really scare away potential investors resulting in failure.
I think that ICO fail because they are engaged in scammers who try only to get money and not to promote their technologies.
The most disappointing ICO for me was BIT-DEGREE. I purchased it way too much expensive because experts were saying it has a huge potential but it went exactly the opposite way. Probably my worst ICO buying experience.
Most ICOs fail before they are just here to get the btc and leave. They don't have any real project relating to real life application
Low level of interest in the marketplace is the main reason why so many ICO fail. Sometimes ICOs are not able to reach the soft cap, so they fail.
Because they are not willing to spend bucks for advertisement and if they will some ico will offer a small amount bounty hunters will not be interested for sure..
The main cause's the existence of strong evidence that most ICO projects have been abused by illegal developers who want to get big profits in a way that's not commendable, that is by deceiving investors.
With the existence of such a case, then no doubt the popularity of ICO became a flawed project which also caused Google to issue a ban on ads related to cryptocurrency.
With the existence of such a case, then no doubt the popularity of ICO became a flawed project which also caused Google to issue a ban on ads related to cryptocurrency.
The big problem of projects is the poor marketing after the end of the token. Many European ICO do not want to go out on good exchanges and their price falls very low
We are getting to the point where only the strong survive
Low level of interest in the marketplace is the main reason why so many ICO fail. Sometimes ICOs are not able to reach the soft cap, so they fail.
I think many of the factors that make ICO fail may be a less qualified marketing strategy, the project and the team do not have significant incentives for development, or lack of structure.
A good project always finds investors who are willing to invest their money in their project. But to become good he needs to have a good idea, a strong team with an experienced marketer (this is now very lacking). Not everyone understands this because their projects do not even collect softcap.
Well I think when one ICO is successful or has a lot of investors or funding in their name. A lot of other ICOs try to copy them. An imitation of the original trying to cash in to the pioneer. They're trying to imitate everything without thinking. You need good developers and a great team behind it in order to have a phenomenal ICO. It has to be dynamic and the team should never get tired or be satisfied with their creation. They have to think out of the box in order to be more creative and to attract more investors so that their project could be successful.
Its about content and quality. 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. Developers need serious SWOT analysis before they embark on any project.
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