Project that sell all their tokens during an ico (even worse burn their tokens), are clueless imho especially if your raising money below $1M. If 900 people invest in a project, but somehow the project doesn’t succeed the token is still worth something, unfortunately it won’t have any liquidity if it’s not on an exchange. So the key to all these tokens is simply to be on an exchange to give the early investors a choice. The lower the token price during an ico the better for the investors.
Gnosis still gave it’s investors an 5x return, interestingly when projects raise a lot of money it’s like they have basically become an bank, even better is when they start a fund like Bancor, Blockstack and Tezos.
www.swarm.fund is one of the early projects in the cryptospace that failed. Strangely enough with tokens involved, you end up asking yourself what is failing? Their token is still worth more than some national currencies and it seems like they are gearing up for a retry.
Hacker Gold also failed, but now and then it’s price comes up to it’s ico price of $0,10, so although the project has died the token is still alive on exchanges. At it’s current price $0,06 it’s also beating some national currencies.
The DAO failed, but it’s last price at the ticker was $0,10 so…
Even SAFE Exchange Coin is still alive and kicking. It seems like even if we don’t get a facebook our value will still float in the cryptospace.