Re: 80% of ICOs are Scams

Quote from: valentine401 on July 19, 2018, 11:10:29 PM

Quote from: Revi250cc on March 29, 2018, 08:15:06 AM

Saw this study on twitter... https://twitter.com/Zeex_me/status/978981735101878272

I'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 ...

In my own opinion, its not true that 80% of the ico's are scam because if that happen's then there will be no more altcoins today that will be going to released in the market so just try to study their platform before investing a huge amount.

Did you read the study before posting? That report says 80% of ICOs never even intended to do what they said they would do. That just means 80% of the ICOs you see advertised are pure junk. That does not mean 80% of altcoins are pure junk.