Currently Lot of ICOs conducting Sales failed to reach hard cap. Some failed at Soft cap leading to reversing of Funds to investors. ICOs Like Civic , Codex , trivier, decibles, etc. It was also observed that Most projects delayed token distribution and Exchange Listing. SHOULD I say they are scared of been dumped. Some have been conducting Sales for over 6-7 months. generating all sorts of names just to raise Money,Which shows a clear signs that HARDCAP and SOFTCAP was Not archived.
What could possible be the reason behind this Failures ??
What i really think why ICO's are failing is because of difficult competition among the others. There are lots of ICO ongoing right now and we don't have an idea which one is legit here are going to enter the trust issues from the investors. Few years ago actually until now there are lots of scammed ICO project in which gave some investors the thought of negativity towards the market. No one to blame but the online criminals.