Study finds nearly half of ICOs fail to raise funds

Intelligence firm GreySpark analyzed 1900+ ICOs across several years. What did they find? 46% fail to raise funds, 40% raised $1M or more, and 86% used Ethereum as their ICO platform. GreySpark also noted that after the completion of an ICO, the percentage of positive returns significantly declines as more time passes. (Source: GreySpark)