More Than 50% of ICOs Die in 4 Month

'The majority of ICOs do fail', researcher from Boston College says
10 July 2018   706

About 56% of ICO start-ups ceased to exist during the first four months after the end of the tokensale. This is reported by Bloomberg.

ICO Funding by Month
ICO Funding by Month

First of all experts appreciated the activity of ICO-projects on Twitter. It turned out that 120 days after the fundraising only 44.2% "survived" .

According to analysts, the most secure investment strategy for various tokens is the sale on the first day of trading. Either way, almost all investors get rid of coins purchased under the ICO in the first six months.

What we find is that once you go beyond three months, at most six months, they don’t outperform other cryptocurrencies. The strongest return is actually in the first month. They are much lower now, so I wouldn’t expect them to continue to decline at this rate. People often look at returns and say this is a great deal, but we teach in finance that return is a compensation for risk. These are stakes in platforms that have not yet been built, that have no participants yet. There’s a lot of risk. The majority of ICOs do fail.
 

Leonard Kostovetsky

Researcher, Boston College

More than 1,000 tokens have already ceased to exist, and return on investment is steadily declining.

It should be noted that the monthly investment in ICO projects still holds above $ 1 billion. This trend has been maintained since the beginning of 2018.

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Fantom to Partner with Tosei

Fantom is developing a smart contract platform based on the Directed Acyclic Graph (DAG) technology
13 November 2018   105

Korean blockchain project Fantom, which gathered more than $ 39 million at the ICO in June, announced an agreement with Japanese real estate corporation Tosei, which controls more than $ 5.5 billion in assets, on Monday.

Fantom is developing a smart contract platform based on the Directed Acyclic Graph (DAG) technology, focused on solving scalability and transaction confirmation times that are present in existing blockchains. It is expected that the Opera blockchain being developed by Fantom will allow making payments in real time with minimal costs (less than $ 0.01) in conditions of unlimited scalability.

Integrating the Fantom solution into Tosei systems will optimize the property purchase process and the associated calculations on a large scale and  millions of dollars on commissions. According to the developers, decentralized technology can have a positive impact on the real estate industry, where commissions sometimes reach 5% of the transaction amount.

With cumbersome contract procedures, lengthy processing times, and concerns around transparency, there are many friction points within the construction and property industry. Fantom has the potential to ease, address and solve these challenges not just for us but for the whole real estate sector. The marriage between real estate and Fantom is one of the strongest arguments for how decentralisation is not only a disruptor, but also an architect in building a framework for efficient ways of conducting end-to-end business.
 

Fantom Team

Against the background of this news, Fantom FTM's own token has grown by 11%.