By the end of 2018, many crypto skeptics had their “I told you so” moment, as many initial coin offerings, or ICOs, failed to deliver on their promises. Between 2017 and 2018, 3,250 projects were launched via ICO and $21.4 billion was collected from investors. But by early 2018, a study revealed that nearly half of 2017’s ICOs had failed — with another 13% considered “semi-failed” — dealing financial blows to coin purchasers anticipating gains. Many projects achieved very high returns initially, only to see coin values fall precipitously thereafter.
Related: Did you fall for it? 13 ICO scams that fooled thousands
Willy Ogorzaly is the senior product manager at ShapeShift, an international, noncustodial cryptocurrency leader. He is responsible for advancing product strategy, defining new features and solutions, and ensuring new products meet the needs of an evolving, innovative and dynamic crypto and DeFi landscape. Before joining ShapeShift, Willy co-founded Bitfract (acquired by ShapeShift in 2018), the first tool enabling trades from Bitcoin into multiple cryptocurrencies in a single transaction.
Continue Reading on Coin Telegraph
