What is the brutal truth about blockchain technology? - Quora

https://www.quora.com/profile/Marius-Kramer">Marius Kramer, No. 1 Cryptocurrency writer on Quora worldwide

Answered Oct 8

Here are 10 brutal and not so pretty truths from the top of my head that almost no one knows about.

1. Of the 902 cryptocurrency ICOs formed in 2017, 142 failed before raising any funds, and 276 failed after fundraising. Another 113 ICOs fall under the "semi-failed" category, either because the respective startup ceased communicating on social media, or the community dwindled to the point where it has virtually no chance of success. Toss those figures into the pile and the failure rate rises to 59 percent Those figures combined work out to a 46 percent failure rate, despite raising over $104 million.. Cryptocurrency ICOs have a spectacularly high failure rate
2. Only 50 out of 902 ICOs in 2017 made a 5x return or more.

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