Bitcoin News: 46% of Last Year’s ICOs Have Failed Already

Bitcoin News: 46% of Last Year’s ICOs Have Failed Already. “It has always been assumed that a large number of ICOs will fail, be it at the fundraising stage or when it comes to delivering the actual project. It’s hard to settle on a precise figure, however, as most dubious ICOs don’t exit scam: they slowly tiptoe away, like a sneak thief rather than a smash-and-grab robber. Having completed an extensive study into last year’s crowdsales, news.Bitcoin.com can report that 46% of them are effectively dead already – despite raising over $104 million.” ICOs in this case are Initial Coin Offerings; NASDAQ has an overview.