Tragedy of an ICO

[fallenangel1789]

An unsuccessful ICO sent an e-mail which states ICO results of the project. There are some sad sentences that I want to share them with you. I do not mock the team for being unsuccessful. This e-mail just explains that to collect funds will not be easy anymore.

"Dear community of Coolomat Market,

Our ICO unfortunately did not raise enough funds. To be honest, we received
ZERO, yes zero, support. This means there will be no airdrop and no CMK
token issued.

We approved more than thousand KYC applications. Even more applications on
the other side where rejected due to KYC and AML rules. As it seems our
whole community was waiting solely for the airdrop.

Our Telegram channel reached almost 40 thousand members. Majority of this
were not active accounts. Up to a maximum of 2 thousand are possibly
interested people in our project. We have about 22 thousand email addresses
on our mailing list, from which around 2 to 3 thousand people open our
mailings. So we know we have somewhere around 2 thousand members in our
community. Everything else seem to be fake accounts produced solely for the
reason of our airdrop offer.

More than 90% of our community came from Asia, while on other parts of the
world awareness about our project was very low, although we did spend quite
substantial amounts of our own funds for marketing and networking purposes.
We know our message was delivered to hundreds of thousand google and
facebook members, but the ICO offers are just not of any interest anymore
to any crowd supporters since about June this year.

We are sure that the utility token ICO crowdfunding era as we know it is
over.

..."

[Pheonyx]

So sad. Zero support is a tragedy. It's true that it is not easy to have a successful ico in this time but if the project is good and the partnership is there I believe the ico will reach the success. Maybe the team has not enough influence to reach the aim position and the hard cap is too high while the concept is quite impossible.

[Jaguar]

It is questionable to me. why ZERO out of 44k telegram members, 22k emails, more than 2k are possible interested people to their project?
If that so, then you should move on mate. That's what we called waste of time, hard work, and embarrassing feeling at the end. Better luck next time.

[Azam90]

indeed it's very sad,
but i think their project #DevelopmentTeam  doesn't have a very hard effort for that. they don't try to the maximum in my opinion. they should work harder to attract a large company or someone who has a big name to support them.

i think they will succeed. i think they will succeed if they have one of them.