2018-7-11 06:58 |
According to the authors – Hugo Benedetti, assistant professor at the Carroll School of Management and finance PhD student Leonard Kostovetsky – less than half of all new ICOs survive more than four months after launch.
They estimated that the survival rate of the startups, 120 days after the end of the sale, was only 44.2%.
The assumption is that companies that are inactive on social media in the fifth month most probably did not survive.
The survival rate has been calculated as an average figure for three categories of ICOs, Business Insider reports.
“What we find is that once you go beyond three months, at most six months, they don’t outperform other cryptocurrencies,” Kostovetsky told Bloomberg.