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

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

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