Forbes partner ICO Civil failed to raise $8 Million

ICOFailOfTheWEEK:

Forbes partner ICO Civil failed to raise $8 Million! Just 10 days ago Matt Coolidge, founder of journalism platform The Civil Media Company announced a cooperation with Forbes media giant. The collaboration was a “milestone for the block chain-based journalism,” said Coolidge on Medium.

The joy, however, was only of short duration. The blockchain startup www.Civil.co failed to reach the $8 million soft cap and canceled the ICO. Seems to be the end of the days when promoters simply had to hint at collaborations with established companies to impress investors.

Civil CEO Matthew Iles said it was probably too complicated to buy tokens. However, there were more problems as it was not clear why blockchain would be used. ICO projects fail all the time, of course.

But Civil’s stumble is particularly notable because the platform recently grabbed headlines due to its partnership with the two mainstream media organisations. Obviously ICO investors becoming more selective in general. First signs that we are back to a kind of normal.

Source: www.BTC-Echo.de, CCN.com 

Author: cryptorobby

My Dreams I dream of applications beyond Bitcoin and cryptocurrencies. Creating a Blockchain Return on Society Foundation (BROS-Foundation). YESSS: Return On Society! Blockchain Reality Blockchain use cases I have recently had a thorough look at: energy: photovoltaics/green energy, e-mobility, real estates, health, food tracking, banking, AI, relief aid and crazy stuff like sports platforms, art. Systems: Ethereum, Neo (!) ICOs / Blockchain Projects Mingling with ICOs/Blockchain projects. Growth hacking. Looking white papers. Writing crypto related postings, touching stories only. Crypto security Installing a crypto anti-hacking initiative HackerTracker to protect the values and visions of blockchain. Blockchain Conferences 2018 January 30, 2018: Blockchain for SCF Masterclass , Frankfurt, Germany February 13-16, 2018: Finovate Europe 2018 London, UK March 1-2, 2018 Asia Blockchain EXPO, Davao, Philippines March 5 Speaker www.worldblockchaintokensummit.com, Dubai, UAE April 16 Speaker www.crypto42conference.com Follow me on Twitter @cryptorobby! https://twitter.com/cryptorobby_ https://www.instagram.com/cryptorobby_/ (LinkedIn) Blockchain Influencer: https://www.linkedin.com/in/robby-schwertner This blog is not linked with my activity at FFG, statements reflect my personal opinion. ____________________ ► Questions? Ideas? Dreams? Visions? mail to: robert@schwertner.com

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