Half of All ICOs Don’t Raise Anything, Research Shows

New research published by finance company GreySpark Partners and reported by The Next Web found that the ICO market behaves in a peculiar way. For each stellar success in fundraising, there are a couple of ICOs that don’t manage to raise any capital at all.

No, this is not about the projects that don’t manage to reach their goals. We’re actually talking about a literal zero-dollar flop that led absolutely nowhere.

Out of the 1,921 ICOs that GreySpark looked at, a whopping 890 of them (46.3%) raised absolutely nothing.

367 projects, however, managed to raise over $10 million, with a tiny proportion—12 of …

This article appeared first on Cryptovest

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.