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 ??
Because of the market condition, you can clearly tell that the ICO should really be that good to combat the current market condition, and some ICO have passed that condition, but some ICO projects cannot just be backed down because they have already planned this 5 to 10 months ago so they have no choice but to take the risk.