Deco Currency, a recent ICO that was aiming to create yet another multisig transaction protocol, has recently failed to launch, joining the ever-growing ranks of failed altcoins.
The creators of the Deco Currency token were aiming to tackle the New Zealand public transport demographic, which likely contributed to the failure of the platform. Deco also targeted small to medium enterprises, attempting to create a new parallel payment solution.
The Deco Currency website is now offline, and the white paper is unavailable, so it’s not possible to perform a post-mortem assessment on this ICO. It’s clear from the failure of the Deco Currency ICO, however, that the market definitely doesn’t need yet another ERC20 based token that doesn't deliver specific functionality or innovation.