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 ??
Now the situation in the cryptocurrency market is very bad. This is reflected in the fact that more than 80% of projects after going to exchanges lose the value of their tokens and can be bought for less money than during ICO. That is why investors stopped participating in many projects in ICO, which led to a small amount of money raised.