Topic: Reasons why ICOs fail - page 58. (Read 319623 times)
I own opinion why so many ICO fail is because their concept is not unique and some investors will surely not invest into it because it has the same concept in other projects. Let's look on the unique concept ICO's, most of them are being successful because they are new and first in the field of cryptocurrency.
There are many factors that an ICO's may failed, maybe they have a poor dev team to maintain the projects as well as their clients money that might be hacked by other entities. Some ICO's tend to be fake and get our hard-earned money and run away. Sometimes they have lack of vision in order to provide good service to their investors that may lead of leaving in cryptoworld.
I think the first thing is lack of worthness and proper vision to make their project to success. Second is market instability
I think it is because there is no actual demand for the project. Many ICO teams have come up with a project and then naively believe that this project will change the world and change the universe. Profits will surely come. But they never consider what the public really needs
The reasons for the failure of ICO is that some people have less information about their projects. That's because they lack information. Sometimes they need to disseminate their projects and pay more attention to their research so that people will join and understand everything about it.
A team that promises something almost impossible during their ICO could end up failing, so there are a lot of scams for now, because they mostly use imitation, because there are some ico that create higher softcap, and that is one of the main reasons why I see a lot of them fail, because people have faith in them (they do not want to lose their money).
if I think everything is so simple, because we can see most teams aim to raise money and not implement how to project them, so there are so many scams for now, because they mostly use imitation, and just reorganize the benefits or characteristics of some mainstream blockchains, such as Bitcoin, Ethereum, and Ruibo, and others.
I think it is because there is no actual demand for the project. Many ICO teams have come up with a project and then naively believe that this project will change the world and change the universe. Profits will surely come. But they never consider what the public really needs
ICOs fail most times when the team lack vision and dedication. It determines the kind of products they put forward and the kind of size of the community they attract. Only a few exceptions to this is when the market is not ready for such product or is already saturated with it
The main reason is that investors are afraid to invest big money in projects in such an unstable market.
And the lack of regulation by the state. For big investors, the stock market is more understandable and safer, so more often they choose it.
A frequent reason why ICO does not enter the market is the low interest of people in their project and therefore low contributions.
I think maybe because the ico is less attractive or their ico coin price is too expensive. but it may also be because people are not interested because the iconya is not clear or just copy paste ico other. Or because many people dont believe with that project.
Creating an ICO is like preparing for a wedding: people prepare months for only one crucial day. If the event goes well, you will earn a lot of money. But under the watchful eye of the world, the risks are high. Just a small mistake, you risk losing: wedding bouquet, pure wedding dress and the 20 million dollars that you have been promised. Planning a new ICO is not easy. The success of an ICO is surprisingly easy, as many projects have recently described.
A team that promised something that's almost impossible during their ICO could end up failing. A promise that could result them to develop for maybe more than 5 years can also make investors lose patience as most of them are only interested in profit after the ICO.
i think some ICOS project are falling it's because some investors did not pay attention in investing their project its may be the project is very weak and most especially if the project is not supported by lnown personalities.
The main reason is that investors are afraid to invest big money in projects in such an unstable market.
A team that promised something that's almost impossible during their ICO could end up failing. A promise that could result them to develop for maybe more than 5 years can also make investors lose patience as most of them are only interested in profit after the ICO.
The acceptance of the audience determines the success of an ICO. There are ICO that projects a great idea but fail and the reason is...timing and implementation. A project may fail because it is not ready to launch and the commodity prsented is too untimely for the current need. Implementation may also creates failure because the audience trust deminished when there is a violation in the implementation date, price and exchange.
the reasons why ICOs often fail because they do not have a solid team, experienced team in the field of cryptocurrency and products that are not clear even not very useful for the people.
I think been to 'techy' is the way to go for your ICO to be successful! Look at ethereum that seem to be toast of every cryptocurrency users and debelopers, In it's early days, ethereum was very 'tech' and half of crypto user did not understand it. Ethereum was able to pull it off, and the result has been more than amazing!
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.
Has a concept that is almost the same as the project that has been running. Or developer does not have a backup plan when ico is not running as expected. 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.
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