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More than half of ICO 2017 was a failure

By developer on April 26, 2019 0 Comments

According to TokenData, 902 of the ICO project took place in 2017. According to an analysis of news.bitcoin.com, 142 projects failed to collect the amount needed for financing and the organizers still 276 disappeared with the collected investments, i.e. Projects were originally started as a fraud.

Another 113 projects can be described as close-to-failure teams of these start-ups have not gathered enough investors and fans for success or have stopped leading their official groups on social networks. After analyzing these figures, news.bitcoin.com came to the conclusion that 59% of last year’s ICO were either on the verge of failure or confirmed scam.

The abandoned social network accounts left behind such projects, abandoned sites, and forever silenced groups and communities reminded experts from the cemetery of digital hopes at news.bitcoin.com.

It should be noted that interest in ICO does not fade away either from investors or from the creators of new startups going to replace them. However, if you have a desire to invest in one of them, we recommend that you recall the above figures, carefully study the project documentation and not invest more than you can afford to lose.

I do not think, because all the same there is a lot of information on the Internet and at once all sources can not give out such information or prohibit publication at all in order to hide something very important.

If the creators of the projects treated this, as Pavel Durov, for example, then they would not have the prices, because we, as investors, would not lose anything.

Where does Pavel Durov? By the way, a lot of investors from different industries took part in his projects, so it’s not only his merit in creating cryptocurrency.

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