Saw this study on twitter...
https://twitter.com/Zeex_me/status/978981735101878272I've seen a lot of people asking about how many legit ICOs there are, so I thought I'd share
Quote from the article: "The study begins by breaking down ICOs into 6 groups: Scam, Failed, Gone Dead, Dwindling, Promising, Successful. On the basis of the above classification, they wrote, we found that approximately 81% of ICOs were Scams, ~6% Failed, ~5% had Gone Dead, and ~8% went on to trade on a exchange.
"Scams were defined by researchers as Any project that expressed availability of [an] ICO investment (through a website publishing, ANN thread, or social media posting with a contribution address), did not have/had no intention of fulfilling project development duties with the funds, and/or was deemed by the community (message boards, website or other online information) to be a scam.
DYOR people ...
Its depend to us if we believe that 80% of the ICO from now is totally scam. We are in a possesion of the problem especially in choosing ICO. And sometimes we also have a problem so we think they have the less. There are so many project that are being potentially to be a good project soon. But we are just supposed to have a trust to whom we trust.