This year so far, there have been almost 1,200 ICOs, up from 875 in 2017. Even more significantly, in 2016 there were only 29, which shows the meteoric rise in the sheer number of ICOs coming out of the woodwork.
But what makes a successful ICO? Is it only the amount of capital raised, or is it when the promised product is robust, development ongoing and communication frequent? It’s definitely some combination of those factors, but for an ICO to even get to that stage, it must make the goal by the deadline for the project to move forward.
Looking at the numbers, there’s been a rather small percentage of ICOs that reach this milestone of success. In fact, in 2017 only 48% of ICOs were successful. The research compiled by Suicide Ventures also shows the amount of money being raised by ICOs dropping, from $1.3 billion in January to just $290 million by September.
Read Full Story Here
Openledger delivers the blockchain services and custom blockchain development that powers real business transformations.
Create new business tools based on revolutionary decentralized networks that change your industry forever.