Initial Coin Offerings success factors

In these years’, from 2015 until now, cryptocurrencies (cryptos) and all the financial instruments and events linked to it has become very popular following a hype wave of excitement. These cryptos, like Bitcoin or Ether, are traded thanks to the existence of the blockchain technology, which is the concept of a distributed ledger (DL) system where all new transactions are added to the chain thanks to the due diligence of people who are part of the network. They are called ‘miners’ and assure the correctness of the code of the transaction and deliver security to the system, which is not based on a trusted centralized authority. Talking about entrepreneurial finance related to this technology, a very interesting financing tool for new businesses and start-ups in early stages are ICO’s (initial coins offerings), similar to IPOs (initial public offerings) where a young firm offers rewards or securities using specific crypto-tokens in exchange of cryptocurrencies to fund their business. A high number of studies have been conducted on these revolutionary and disruptive topics giving to the community more and more insights and revealing many interesting aspects, starting with research agendas about Blockchain, Bitcoin and ICOs, offering nontechnical explanations of the basics of blockchain and its applications, cryptocurrencies and ICOs. This Study focuses on the finding of the relevant success factors tha led ICOs success from 2016 to 2021.