Crypto ICOs in Crisis, Running Out of Money With No Products

[Zed0X]

This has been one of the disappointment of many ICO investors. The team just could not deliver a relevant product (not just a working product).

Here's an excerpt from the article:

ICOs have raised large sums of money in the past year with several ICOs raising up to $4 billion from the public market. Yet, based on the data provided by DappRadar, apart from IDEX and ForkDelta, none of the dApps in the market have more than 600 users.

Many of the top 100 cryptocurrency projects in the market, even those that have active developer communities and strong technologies like Augur, 0x, Decentraland, ICON, Wanchain, and Polymath, have found it to be difficult to secure an active user base and maintain a high level of user activity on decentralized systems.

Full story: https://www.ccn.com/analyst-crypto-icos-in-crisis-running-out-of-money-with-no-products/

[ZionRTZ]

I was reminded by this article of that horse image with great body but an ugly head.
The great body being the promises while the ugly head being the product.

Indeed, this has been one of the main reason why investors are losing faith on many ICOs.

[PhiliPPs]

Most likely, many projects are not so much faced with hard work, as with the unwillingness to bring to the end what they once started, and most likely the reason for this reluctance is the market situation!

[backfirst77]

While cryptocurrency prices are in a sluggish condition, many ICO projects cannot reach good sales. Because investors suffered losses when negotiating purchases on ICO sales. What happened at this time was that many investors suffered losses when the market was first opened. The price will be dumped down far from ICO, so it takes a long time to return and get a profit.

[arnishad]

This project can maintain with the market's increasing range of times that the market contains a larger impact on this project and can have a much bigger increase within the market. this is often a choose to the project that the market has not nevertheless been cleared to stay pace with it, however although the project continues to be in fine condition although the market state of affairs has gotten it.

[Dinid]

Many icos was steal much money from investors. They just sold tokens, but have no product.
Do not invest on ico like that.
It's not good for the crypto ecosystem. Dev team gets rich, while investors lose money.
Good ecosystems are mutually beneficial, win-win solution

[inewoods]

This has been one of the disappointment of many ICO investors. The team just could not deliver a relevant product (not just a working product).

Here's an excerpt from the article:

ICOs have raised large sums of money in the past year with several ICOs raising up to $4 billion from the public market. Yet, based on the data provided by DappRadar, apart from IDEX and ForkDelta, none of the dApps in the market have more than 600 users.

Many of the top 100 cryptocurrency projects in the market, even those that have active developer communities and strong technologies like Augur, 0x, Decentraland, ICON, Wanchain, and Polymath, have found it to be difficult to secure an active user base and maintain a high level of user activity on decentralized systems.

Full story: https://www.ccn.com/analyst-crypto-icos-in-crisis-running-out-of-money-with-no-products/

It is very common to see this happening in such a bear market, crypto users either leave the market or just hold on to what they have at the moment and see how the crypto market move.

[PRIBO247]

ICOS are not like it use to be. This days, they are more interested in getting from the unsuspecting investors and giving nothing in return.

[Black ID]

Well yeah, I also think so.
Many ICO projects only focus on how they can attract the investors and reach the standard minimal to be launched, in this case, the softcap.
However, many of them don't pay attention to what product exactly they are offering.
In my opinion, ICO project with the real product right now or in the future should be prepared well. It is to ensure how the worth of the coin in the future.

[verifyme]

Very sadly.
But, feeling this so much after knowing how some ICO deliver a similar concept of the projects.
Actually, investors also need certainty about the products that will be offered, because products itself become one of the considerations that a coin can have a higher price or not in the future.