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 ??
The trends, they have not yet gotten enough hype to defend their price , the ico traders that invested in the pre-sale phase will dump their token directly if that was reached the ico price. These icos must learn about how to control the price of their token through stop give a lot of bonus to the pre-sale participants. The hype and trend have been giving a lot of impact too.