Researchers: ICOs are more successful in raising funds when they disclose more information to investors
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A group of researchers from the Erasmus University published a paper analyzing the determinants of success for 630 ICOs performed between August 2015 and December 2017. The researchers wanted to determine why some projects succeed in raising ICO funds while others do not. Their research found that successful ICOs have:
- Pre-ICO GitHub repositories.
- Presale for early investors.
- A shorter planned token sale duration.
- A large project team.
(Source: What determines success in Initial Coin Offerings?)
AUTHOR
Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi
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