Topic: Reasons why ICOs fail - page 78. (Read 319623 times)
Not reaching softcap and hardcap, too much airdrop, no useful project, hard to create and less experienced team on the project.
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.
There are a lot of things that affect the success of ICO. As we know there are over hundreds of ICOs on going right now, which means investors have a lot of choice. Another thing is the market situation, most investors choose not to invest since bitcoin and ethereum are both down, they will get lesser coins or tokens.
Well.. I think here are some reasons why ICO fail. First, your product offering has no demand in the market. ICO fail because their product or service has no demand in the market. Second, poor brand identity. People make subliminal decisions in seconds and the way your brand look and is presented. Third, Poor Product and Marketing Content, at any stage the ICO good comunication and product are the key. Fourth, Unrealistic Budget and Objectives, the higher you set your hard cap, the more budget you will need for marketing and development. And the last is Lack of Reporting and measurement. A lot of teams behind ICO's are newcomers to the online marketing space and don't understand the importance of analytics and reports before it is too late.
Plan has been projected long term, or way too far in the future and so many view it as failure since they do not feel the results at an early stage.
No product backing it up with smart real world application to garner community support. Or simply the dev team just wished for the money, and did a pump and dump strat.
No product backing it up with smart real world application to garner community support. Or simply the dev team just wished for the money, and did a pump and dump strat.
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.
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 think I would agree with your number 2 opinion. I've seen many ICO failed because they didn't execute the plan properly.
That's why I prefer several ICOs which already have a demo or MVP. That makes me believe that they have a skill to build something.
Basically, because of a bad idea or for some technical reasons, many ICOs fail. Therefore, investing in any ICO is risky, it is important to look for projects that try to avoid these mistakes. Of course, some of the most promising start-ups may fail. If you plan to hold on to the investment before the victory, be sure to evaluate the long-term strategy of the project.
I think The failure of the ICO project due to team work and bounty managers is inexperienced in marketing the product and handling the project, as well as the products and profit systems resulting from ICO investments are not clearly stated, so investors are not interested in investing.
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.
If i can add another reasons, it must because of these 2 reasons :
-The lack of promotion from the developers and the team (the website is not good enough, whitepaper is not clear)
-The idea of the project is too common so there aren't so many investors who invest in the ICO
Some ICO projects are not well defined even at the begining, they are not providing enough info, team is not involved, they have no future plans and have very vague white paper, so it is often obvious that the project will not have success, as nobody cares really.
I think most ICOs fail because they lack proper planning and execution without a strong development team. When a team plans to launch an ICO they should first do a lengthy market research to see if their vision has a reach to the community and subsequently to investors. I normally choose an ICO that has achievable goals and a strong team behind it.
The whole world drug trafficking has already invested . That's why:D
IMHO the whole crypto market is based a lot on speculation and hype... so I'd say a huge reason an ICO might fail is lack of proper advertising/not getting their name recognized. I suppose that could be true for any business, but I feel it's especially true in crypto.
i think so. not 5o% fails.. its lack of campaigns.. we still have good ones
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.
there may be many that make some ICO fail, ICO should have a very good development project and very useful for the future, if they fail they probably do not have a very good project and do not have a team that is very inexperienced to develop his project. ICO should also have a very good marketing strategy by using bounty participation.
many ico fail because the members who join in ico is not achieved according to predictions of developers such as enthusiasts to join it less.
The reason why ICO fails, is that some have less information about their projects. So people dont join them or they do not campaigning tgeir projects. Thats because of their lack in information.. Sometimes they need to spread their project and ellaborate more about thier researches, so that people will join and understand whats it all about.
You can add this to your OP:
In my experience, one more reason I can share with why most ICO fail is the lack of communication to the community. Some ICO that I've participated in is only active in communicating at the start of the campaign then after a while or after the ICO finishes, they are slowly being inactive. What they don't know is that it creates doubts to the community leading to FUDs being spread.
In my experience, one more reason I can share with why most ICO fail is the lack of communication to the community. Some ICO that I've participated in is only active in communicating at the start of the campaign then after a while or after the ICO finishes, they are slowly being inactive. What they don't know is that it creates doubts to the community leading to FUDs being spread.
Because most of the ICO project is more like a hype, they didn't have any meaning, from their white paper can determine that they are unlikely to succeed, so I think now is not a good time to an investment ICO.
+1
too many narrators are good at making up their best stories on some whitepaper pages, but there is no solid evidence for their performance
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Some of the ICOs fail maybe because of some reasons
1. Maybe because of their team.
2. Their ICO is scam
3. They don't advertise their ICO properly
4. Their are only a few who invest in their ICO
This are the only reason that I think the ICOs fail.
1. Maybe because of their team.
2. Their ICO is scam
3. They don't advertise their ICO properly
4. Their are only a few who invest in their ICO
This are the only reason that I think the ICOs fail.
In the past month I have heard of about 5 different companies (I work at 2 of those) that want to start an ICO without any original idea just because of all the hype around cryptocurrencies... This is in my opinion the biggest reason why most ICO have and eventually will fail, because they try to force blockchain products where there is no need for a blockchain...
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