Post
Topic
Board Altcoin Discussion
Re: 80% of ICOs are Scams
by
lucemferrum01
on 08/08/2018, 08:29:51 UTC
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 ICO’s 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 ...

I am starting to believe in this, at first I was secured that most of the campaigns here are somewhat legit or perhaps atleast will give the rewards based on my work but sadly a lot of these ICOs turned out to be a scam leaving months of works wasted.