ICOs have a failure rate of more than 50 percent, and there have been some big ones already

ICOs, which have really only been around in full flight for a few years, have had an interesting growth pattern. The hype that was 2017 when it came to ICOs saw a lot of bright ideas, with very little execution.

There have been many failures along the way, in fact, nearly half of all ICOs from 2017 have already failed, some within only months.

The ICO environment

As ICOmania grows and continues to grow, more money was thrown at the market, and more companies were tasked with pulling off their promises. Some of these companies failed speculatory while others have slowly died and taken their investors money with them.

2017 was the best year yet in terms of money raised through ICOs as it was calculated that over $3 bln was raised in that year alone.

But that money raised hasn't all been appropriated well, below is a list of 10 of the biggest ICO failures on record.