From 1 July through 25 September, 59% ICOs failed to meet their own objectives of collected funding, while in June there was only one project which did not meet its funding aim.
Such results were discovered during research made by the California-based consulting firm Architects Partners. According to their findings, the level of capital raised from a failed token distribution is rapidly declining, from a median of $4 million in July 2017 to $2 million in September 2017. 21 ICOs (43% of the total) raised $1 million or less…
Read Full: Research: the number of ICOs failing to meet their funding objectives grows
