Topic: Reasons why ICOs fail - page 61. (Read 319623 times)
It seems to me that some projects are not going to do anything. ICO is already being advertised in some places as a way to get money from the air. Also, many teams do not know with what problems they will encounter in the implementation of the project and on the ICO stage for them the main thing is to raise money.
Some ICO's are relatively scam and they really don't care on the investors or traders except for the money they took from them. But some ICO's are good and legit you just have to identify which one is good and will take good care of all your investments.
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.
Ico's success is always depending on the developers hard work and investors will be only interested if you have a very good marketing strategy that will promote their platform in the industry.
Most of ICOs failed because of the irresponsible bounty managers. They have making a way to make people trust their bounty campaign so that many people advertising their ICO but when it ends only the irresponsible gain money they steal the money of the members.
in my opinion, one of the best ways to screw up an ICO- have a bad whitepaper
That's right, the similar concept with other ICOs can lead a new ICO to be failed easily. Moreover, when the ICO doesn't have the new innovation that will make the project different and unique. It sometimes also is influenced by the community and the trust of the people that can lead them to avoid the project to be invested.
Ico fail or not because so many reasons. I think you are right that they are failed because they have similar concept.Very similar concept makes the project is not interesting to investors. And not interesting means nobody or not many people will buy it.
According to me ICO will be success or fail depending on the their team founder, if they really solid and professional to development their project for sure will success although many competitor in the market.
Most of the ICOs start with the idea of getting as much money as possible from the people. They have no idea if they will be able to even develop and market the product themselves. Also most of the projects don't really have that much potential as much as they are being valued at.
Bad marketing, and this may be enough to fail
The reasons for the failure of the ICO.
1. greed.
2. Copy.
3. No goals.
4. Not carefully prepared.
5. The wrong priorities.
6. Abuse of authority.
1. greed.
2. Copy.
3. No goals.
4. Not carefully prepared.
5. The wrong priorities.
6. Abuse of authority.
ICOs should be first, informative and should be understandable by either higher ranks or newbies and should use words in laymans term. Next is, it should be innovative and have a great use for the future not only for short term. Lastly, it aims for the people and not just their money.
I agree with your opinion because ico is too much and has a very similar concept, most of them just imitate the concept of ico that already exist. So we need to very selective before deciding to invest in ICO's.
There are several possibilities of ICO's fail, among them because the new token can't compete with top Crypto which is perched on the board at the moment. so, its use has't economic function. Another reason could be due to a lack of understanding from developers or entrepreneurs over Crypto the utility and security of the new token.
Bad management of the project, not good business idea, something copied and not unique - this are the main reasons, I am not speaking about the projects which are scam at very beginning. So in this situation good expertise is very important thing, comparing and rating platforms should take their responsibility and provide real rates.
according to the thought of one of the main reasons ICO fails is because the team behind the project and marketing because the product will be shipped after ICO, but seen System they can not maintain their company in the crypto market because they do not plan well every step they need to do. Maybe they stick to a strategic plan.
I think there are too many reasons for the current ICO failures, but I think the reason for most ICO failures is that their projects are totally unrelated to blockchain. Many projects do not actually meet the requirements demanded by ICO. They simply write a white paper that is impossible to realize and then immediately start ICO, which has not been prepared with a mature necessarily failed.
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
I think another reason for the failure of an ICO is that the valuation is too high.Their working product cannot match the valuation, so the investors lost faith. It may "pivot" a few more times before its final failure.
I tend to think the number is much better than 99%. Possibly 75%. For one, ICO’s are so new most have not had a chance to fail. They are still trying to launch or build their product. But if I had to guess I would say that because ICOs are well funded that could give them an advantage compared to a traditional startup company. Plus most have a business model in the growing crypto industry.
Some ICO's are relatively scam and they really don't care on the investors or traders except for the money they took from them. But some ICO's are good and legit you just have to identify which one is good and will take good care of all your investments
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