Cryptocurrency
Half of ICOs Die Within Four Months After Token Sales Finalized via @bloomberg
According to Bloomberg, “About 56 percent of crypto startups that raise money through token sales die within four months of their initial coin offerings. “That’s the finding of a Boston College study that analyzed the intensity of tweets from the startups’ Twitter accounts to infer signs of life. The researchers determined that only 44.2 percent of startups […]
According to Bloomberg, “About 56 percent of crypto startups that raise money through token sales die within four months of their initial coin offerings.
“That’s the finding of a Boston College study that analyzed the intensity of tweets from the startups’ Twitter accounts to infer signs of life. The researchers determined that only 44.2 percent of startups survive after 120 days from the end of their ICOs. The researchers, Hugo Benedetti and Leonard Kostovetsky, examined 2,390 ICOs that were completed before May.
“Acquiring coins in an ICO and selling them on the first day is the safest investment strategy, Kostovetsky said in a phone interview. But many individual investors can’t participate in ICOs, so this option isn’t open to them. Still, all investors should probably sell their coins within the first six months, the study found.”