Topic: Reasons why ICOs fail - page 62. (Read 319609 times)
many reasons, one of the simplest - an ambitious task is set, which is hardly possible for the team, as a result, goals are not achieved, the project goes down
Failure is a natural of being startup. More than 50% of startup dies, even after receiving a 1st round of investment. With ICO it is more difficult to succeed, usually, easy money spoils them, the only thing they care is to create hype and listing on exchanges.
There are many reasons for the failure of ICO, but I think the reason for most of the ICO's failure is because their projects are completely unrelated to the blockchain. Many projects actually do not meet the conditions required by the ICO. They just wrote an impossible realized white paper and then immediately start ICO,that have not been carefully prepared are necessarily failing.
Most ICO projects have no real use, and they are just dreams. You can see “top dapps” for yourself at https://dappradar.com that actually there are very few users(only a couple of hundreds active users per day). With such limited number, its value cannot match its ICO price imo.
Because most of the ICOs are scam,a lot of ICOs are just created to scam people that is why most of these ICOs are getting nothing from community resulting into failure.People arent dumb enough not to research about the ICOs theres a lot of things to consider that is why most of these ICOs which has lots of redflags wont be support by the community.
Actually, in my opinion, success of the ICO or not will depend on:
- Product ideas
- Team
- Community
If the three main components are very great and effective, I'm sure that the ICO will be easier in reaching the softcap. A failed ICO commonly will have lack of the concepts and team involvement. So, just look at these three main elements that we will analyze.
- Product ideas
- Team
- Community
If the three main components are very great and effective, I'm sure that the ICO will be easier in reaching the softcap. A failed ICO commonly will have lack of the concepts and team involvement. So, just look at these three main elements that we will analyze.
The tokens created must provide practicality in the ecosystem they are in and can increase the network effect. ICO tokens must be part of the company's business model. Many tokens are not practical, and failure is a matter of course.
There are some icos which are creating a high softcap, and that is one of the main reasons of why we are seeing a lot of them failing, because the people has lack of trust over them (they do not want to lose their money)
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There are many reasons for failure of some ICO's and main reason is that market conditions are not so good for new ICO now. Market is highly volatile now and price of new coin change as per market fluctuations. Market is dropping so those who invest on high price comes in loss if base coin price dropped so people afraid to invest in these conditions. ICO's will gain ground when market stabilize.
Your number two option is the reason. A project is understood even when it is very techy. I remember when Bancor was holding their ICO I tried reading the whitepaper damn I never understood anything from it because it was techy. But look at Bancor now, is the project not a success? It sure is because it has use case.
The main reasons why projects fail because even the simple language ones fail as well is because of lack of utility. It's a Whitepaper thing.
The main reasons why projects fail because even the simple language ones fail as well is because of lack of utility. It's a Whitepaper thing.
Another point is that they are not regulated, everyone can create own ICO whithout any knowledge without any previous experience and what is the worst thing? That many ICOs are not created by real people,
Because when choosing ICO investors first of all should think about whether the project will receive wide recognition and whether it will be in demand in the real world. Unfortunately, many projects solve far-fetched problems.
I can totally agree with the point number two on your list because when some ICO is really outstanding and unique that project usually would get famous and popular, and be successful as well.
There are lots of reasons why most of the ICOs tend to failed. One reason is that their team's experience is lack and insufficient that made their project weak. Also most of those ICOs are just into money so they just tend to scammed investors so their project failed.
Reasons why are ICOs fails usually simialar, when team have hide token sale,token metrics were different from what team were claimed and real product on ico is just useless
Those are some facts why investors is not supporting this type of ico's, the team behind are shady and the project is worthless, its very important for real usage and the team development are for real, if a projects wants to be more successful and wanted to gather supports the team behind should provide updates and progress and what is the target goal and how the implementations will succeed.
Reasons why are ICOs fails usually simialar, when team have hide token sale,token metrics were different from what team were claimed and real product on ico is just useless
Those are some facts why investors is not supporting this type of ico's, the team behind are shady and the project is worthless, its very important for real usage and the team development are for real, if a projects wants to be more successful and wanted to gather supports the team behind should provide updates and progress and what is the target goal and how the implementations will succeed.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.
ICOs is just a small stage of a company and nothing is stable during that stage.
Also IDEX is a graveyard for a lot of ICOS
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.
maybe icos fail because they are scammers, there are a lot of such things now on the market, so i think that you should be careful 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.
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.
ICOs is just a small stage of a company and nothing is stable during that stage.
Also IDEX is a graveyard for a lot of ICOS
Too much competition for the funding now.
The main problem is that developers do not want to do something useful and interesting,they want to make money on investors.
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