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Ninety percent of companies conducting initial coin offerings are expected to fail in the future. The often-cited statistic is no doubt intimidating to an investor in blockchain and cryptocurrency startups. Knowing why crypto projects will fail can help you invest your money more wisely in the crypto economy.
At this early stage, the majority of crypto failures are related to scams and hacking. As ICO startups move from concept into the commercial mode, more will fail owing to the lack of a viab