Why have ICO Projects Failed? — Part 2
Sectors that are difficult to access and not very dynamic
In other cases, the enormous specificity of the initiatives has met with an extremely small and hard to access target audience.
The degree of project maturity
In this sense, even knowing that often innovation is born a long way from the “project coming to life” (financing is the support that would help cover that gap), and entrepreneurship has been generalized without a single business plan. Thus, creating a tortuous path, complete of unknown things until the final solution. Investors are increasingly skeptical regarding these approaches.
Reputation and professionalism of the promoter team
In the absence of regulation, a safeguard of the investor resides in the reputation and capabilities of the promoter team, whose image is compromised in the good course of the initiative. Every initiative, after all, ends up being a projection of the profile and vision of the management team.
Innovation and technical reliability
Some projects succumb, even in their own ICO, for the unforeseen traffic of users to their servers, which become saturated and thus collapse. Which alerts on fundamental issues. Are the technical parameters that define the project well measured? Similarly, the detail of the smart contracts sometimes does not coincide with the plans detailed in the whitepaper, which signals fraud to investors.
WINGS MOBILE is an extremely dynamic company focused on security technology. Therefore, in a world oriented and evolved towards new technologies, even in financial uses, it could not be indifferent towards security problems in the world of cryptocurrencies.
In this regard, the idea of building a true WINGS MOBILE ecosystem, based on the creation of its cryptocurrency, BITWINGS came to life. And activate, with that combination, a powerful program of technological evolution and global expansion.
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