New research suggests that blockchain fundraising is often a hit or miss game. It appears that initial coin offerings (ICOs) either raise tons of money – or none at all. Research from intelligence firm GreySpark has uncovered that 46 percent of ICOs fail to raise any funds at all. At the same time, the study also found that 40 percent of companies that pursued an ICO succeeded at raising more than $1 million. It would seem that ICOs have a split personality, either they are wildly successful or they struggle to make an impact at all. For every ICO that…

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