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 ...
Scam was identified by the researchers as "Any project that demonstrates the availability of ICO investments (via web publishing, topic ANN, or postings on social networks with contributor addresses), It is not intended to complete the task of developing the project with funds, and / or be considered fraudulent by the community (bulletin boards, websites or other online information). " Few studies, however, have attempted to quantify the opinion of the community, and this may be their attempt.