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Why Do ICO Projects Have a High Failure Rate?

  by David Drake     Over the last 18 months, initial coin offering (ICO), an unregulated method of raising funds, has gained popularity. This is because startups with innovative ideas opt to raise capital for their blockchain projects through ICOs. Backed by enterprising and innovative developers, startups are developing solutions to problems in different sectors. Examples of such projects include Bitque, an ICO project that enables traders to generate hedge trades on the short term and BlockVest, a platform that uses digital identity and blockchain technology to digitize virtual assets and smart contracts to self-manage digital assets. Other notable ICO projects include AnthemGold, a project that facilitates trading of gold and other precious metals on blockchain and Bank52 that uses blockchain to create a banking ecosystem that facilitates smart data, collaboration and network effects. The last five months have seen a significant rise in amounts raised through ICOs. Approximately $13.7 ... Read More »

Why is the Number of Dead Coins So High and What Needs to Be Done?

  by David Drake     The growth in the cryptocurrency industry has improved startups’ access to finance through initial coin offerings (ICOs). This model is a better alternative to capital or debt funding than banks, private equity firms and venture capital because it provides a win-win situation for the startups and their participants. According to the global ICO report, $13.7 billion has been raised through 537 ICOs in the initial five months of this year, more than double the amount raised in 2017. The report shows that the US remains one of the leading ICO destinations with startups in the country raising $1.09 billion. However, there are concerns regarding the success rate of ICO projects. Market data released by Coinopsy and Deadcoins shows that over 1000 coins launched through ICOs are now dead. Interventions need to be put in place to address the reducing success rate of ICO projects in ... Read More »

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