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 ??
It is not really problem with ICO sales right now, it is mainly because the market is at a stagnant way where people do not really do anything, even the volumes are insanely low compared to what it used to be which means there isn't that much money in the market to begin with hence putting up ICO and than expecting funds are silly at these days. If there is no volume and money in the market how could people get into ICO's to fund them ?
They can't which means starting a new coin these days is a futile attempt and anyone who really believes in their coin should start it either some other way or at least wait a bit before starting it out. If you wait until the next bull comes around and everything goes up than there will be much more volume and everyone who either missed out on the bull or at least gained a bit and want some more will fund your project to make even more money.