Member-only story
Badly chosen geographical area
A notable percentage of the failures come from initiatives in developing countries. The institutional framework surrounding the project is the key since business flows take place in the real world.
Wrong Priorities
The revaluation of cryptocurrency must be a result of the growth of the project and a well-founded objective by the promoter team. However, on many occasions, the sequence of discounts in the round of ICO seems to become the main axis of the whitepaper, distilling with it an uncomfortable aroma of short-term speculation.
Similarly, a sensible design of the discounts and allocating a well-weighted and not exaggerated part to the promoter team or initial investors are aspects that many initiatives do not take care of, indirectly revealing the weakness of their ecosystems or an inconsistently speculative approach.
Unclear and poorly defined business variables
Most whitepapers do not clearly justify the role that cryptocurrency and blockchain technology have in their business ecosystem. The briefness of many plans, whose innovative shortness began to be interpreted positively as another example of how these initiatives simplified and democratized investment, has ended up marginalizing, in many cases, basic explanations of the underlying business model. There have even been cases of plagiarism, perverting the nature of…
