Study finds nearly half of ICOs fail to raise funds

Markets•September 11, 2018, 1:17PM EDT
UPDATED: September 11, 2018, 1:23PM EDT
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Study finds nearly half of ICOs fail to raise funds
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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)