Topic: Reasons why ICOs fail - page 69. (Read 319618 times)
The question is interesting. But in the ICO as well as everywhere, some projects are interested in people, others are hopeless!
Developers always plan a lot, make good promises for the future and in the future they can not finish the project until the end. If marketing campaigns are not well organized, few people invest money and no money to develop Unresolved projects.
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.
Nice sights in every details,i wish ico now learn their mistakes and may learn how to deal in good faith too.not just for scamming and being untrusted because of victimizing many..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.
Next time Op address also why ico victimized participants of campaigns
The main reason is not scam, but the fact that projects can not collect soft cap for the implementation of the project. Investors are afraid to invest money ..
I've heard the phrase "The first impression is really tempting, the next impression is up to you". That means ICO should give the first impression on the investor to be in love with the ICO he made. One way is to create threads, whitepapers, ANNs, and Web sites that are interesting, straightforward, concise, solid, and clearly contain all the elements that are in ICO. Quality concept and supply that have good prospects for the future. That way the crypto community and the investors will become interested in investing. ICO that fails because of the lack of participants and support gained by crypto.
Very often the idea proves to be a failure. It happens that there is not enough money for further development of the project, although the idea is very cool. And sometimes the reasons do not explain.
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 team of ICOs should be good and the project should be good. Above this their commitment towards their project is most important. Otherwise they will fail.
Often the team sets itself unrealistic goals that cannot be fulfilled in a timely manner. They face the realities of crypto market, where unfulfilled promises flow into mass sales of tokens.
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.
Why ICO fails because , yes it might lack much informations, the team management might have not well organize and the platform have not been fully constructive to be understood by the customers and investors, the financial stats of the ICO projects ,the budget for the bounty ,for the promotion of the projects , it also matters the bounty manager of the ICOs , that manage the ICO promotion and campaigns.
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.
Most of the reasons for the failure of ICO are that their product is not well thought out and nobody needs and they want too much money for the implementation of their project, even if they collect this money then can not develop and disappear.
46% of 2017 ICOs have failed, source
Even though those projects had sufficient investors and strong teams, there is one important thing ALL of them were missing.
DEMAND for product.
ICOs were pitching ideas that they will bring change to the world, saying to investors what they wanted to hear.
Huge demand for product, saving costs, huge adoption of the product in 2-5 years.
Although a lot of teams were claiming that their ICO will disrupt the [insert industry], that simply wasn't happening because of problems with real world integration and lack of product adopters.
Even though those projects had sufficient investors and strong teams, there is one important thing ALL of them were missing.
DEMAND for product.
ICOs were pitching ideas that they will bring change to the world, saying to investors what they wanted to hear.
Huge demand for product, saving costs, huge adoption of the product in 2-5 years.
Although a lot of teams were claiming that their ICO will disrupt the [insert industry], that simply wasn't happening because of problems with real world integration and lack of product adopters.
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.
I see the main reason of many ICO faults in the situation that this area without any regulation and control. That’s the problem. Many projects are creating just a system of collecting money and then we see nothing.
There is absolutely no guarantee in ICO. You invest and you know that you will lose absolutely everything if the project is a scam. Another thing is DAICO...
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I think one of the main reason ICO's fail is because of the team behind the project and marketing because the product will be deliver after the ICO so they need to attract investors to put money on their project, also partners and advisors helps the ICO to be trustworthy.
Without a working product, the guys try to enter the market and raise funds from credulous investors. Actually, there are no other reasons. We see this constantly and very often such projects. Let's try not to succumb to tricks anymore, that everything will be done quickly, qualitatively, ideally, and we will be able to make money on it. This all requires a lot of work and the belief in the project should be built on what is the project now has in addition and not to tales that everything will be fine and we will all grow rich. Such projects are not so much, in fact, basically everyone wants to raise funds. This is dangerous for the industry and for all of us. Let`s be careful with our 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.
I don't think it's 50% more likely 80 to 90% fail even if the roadmap is good but lacks of promotion can hinder its success, successful Ico are a combination of many factors but honesty and real time update is very much important to the success of any ICO.
There is a lot of reasons between them the ICO don't have a strong project , sceondly the team behidn the project is not professional
The main problem is the scum. In the crypto community there are incredibly many people who try to cash in on the money of investors.
Yes you're right.
Investors right now is not really "invest", they just want to get fast profits from an ico by selling the ICO tokens with low price when the tokens enter a markets.
So that's why many ICOs fail nowadays.
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