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ICO trackers are showing that nearly half of 2017’s cryptocurrency projects, despite raising millions, have already failed. The majority were either scams, or simply faded into obscurity. Bitcoin.com is calling it a “digital graveyard.”
No one expected all of 2017’s ICOs to last the course. The pace at which they’ve withered and died may come as a surprise, though. Tokendata, one of the more comprehensive ICO trackers, lists 902 crowdsales which took place last year. Of these, 142 failed at the funding stage and a further 276 have since failed, either due to taking the money and running, or slowly fading into obscurity.
No one expected all of 2017’s ICOs to last the course. The pace at which they’ve withered and died may come as a surprise, though. Tokendata, one of the more comprehensive ICO trackers, lists 902 crowdsales which took place last year. Of these, 142 failed at the funding stage and a further 276 have since failed, either due to taking the money and running, or slowly fading into obscurity.