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  2017: More than half of all ICOs have failed | Bit Updates
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2017: More than half of all ICOs have failed

Tuesday, February 27th, 2018 | bitcoin updates

Read articles: From 902 Initial Coin Offerings (ICOs) launched last year, according to the statistics website TokenData, a total of 531 have failed so far. The capital raising by crowdfunding with own coin was successful for many start-ups in 2017. But as you can see, there are also some risks for the investors in the portfolio. In the course of the real cry for the crypto currency Bitcoin this unregulated method of crowdfunding became popular. In Initial Coin Offerering (ICO), start-ups circumvent some of the rules that are imposed on them by venture capitalists, stock exchanges or banks when raising capital. At the ICO, investors receive a specially issued coin in exchange for their investment, the price of which fluctuates. The website TokenData lists all existing ICOs and also indicates the status of each individual crowdfunding. According to NewsBTC, 59% of all ICOs failed in the previous year according to TokenData. Of the 902 ICOs, 142 have already failed in the first phase because not enough capital has been collected in advance. The remaining ICOs failed at a later date. Either the operators disappeared, fled abroad or simply closed the website and all social media channels of their project without any warning. Whether fraud (English: Scam) or not, in many cases could never be clarified, what has become in the end of the invested capital. Unfortunately, the countries of the Third World are disproportionately represented in the case of the failed ICOs.How can I protect myself from fraud? If you want to protect yourself as well as possible, you have to invest a lot of time as an investor in order to examine the advertised project with your own hands to take. It is important to keep in mind that it is easy for criminals to pretend that they are setting up a start-up. For a scam in this area, the makers need only a minimum of technical knowledge. In addition, many projects are still anonymous, which makes criminal activities much easier. Conclusion: If you want to invest money in this very interesting area, you must not rely on the swarming intelligence of the other investors, but you have to check the facts themselves. Capital intake per ICO: many positive examples Of course, despite these sobering statistics, there are also some positive examples. For example, the crowdfunding campaign by Telegram, where 850 million US dollars were raised by some major investors in the pre-sale. Thus, a large part of the desired capital intake has already been achieved. The operating company has not yet announced when the second and thus public round of Telegram ICO should start. Rumors say it will be ready in March or April. The reason for the success lies in the popularity of the operators. The Durow brothers founded what is currently Russia's most popular social network, Vk.com, also known as Vkontakte. Even without the "Facebook of Russia", as vk.com is sometimes referred to, the name Durov from the IT scene has become indispensable for several years.BTC-ECHO About Lars SobirajLars Sobiraj began in 2000, as a career changer for various Computer magazines to be active. In 2006, gulli.com added new priorities: network policy and copyright. After leading the editorial team until October 2012, he now works freelance for various online magazines and of course for his own project, Tarnkappe.info. In addition, Lars Sobiraj teaches students on Sustainable Marketing & Leadership (M.A.) at Cologne University of Applied Sciences Fresenius how to use the Internet and social networks. Some time ago, there was a growing interest in cryptocurrency, which fortunately works without the control of central banks. He would like to do his part to ensure that Bitcoin & Co. are not only of interest to pure speculators, but also to the woman and the man next door. All contributions by Lars Sobiraj Image Sourceico_shutterstock_665273755: https://www.shutterstock.com/ de / image illustration / text-initial-coin-offering-financial-data-665273755? src = MWqVlFVyGjoX1bLvtR7ygw-1-3

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