Post
Topic
Board Altcoin Discussion
Re: 80% of ICOs in 2017 Were Scams!
by
fortunecrypto
on 14/08/2018, 14:01:11 UTC
Stunning research about ICO market comes from Cointelegraph:

A recent study prepared by ICO advisory firm Statis Group revealed that more than 80 percent of initial coin offerings (ICOs) conducted in 2017 were identified as scams. The study took into consideration the lifecycle of ICOs run in 2017, from the initial proposal of a sale availability to the most mature phase of trading on a crypto exchange.

Read more at: https://cointelegraph.com/news/new-study-says-80-percent-of-icos-conducted-in-2017-were-scams

So what about year 2018, will it bring us more of scam ICOs or less?

I based it on my experience, yes a lot of ICO are scams, some of them are paused, some didn't pay bounty hunters and most of them failed to enter the market, and if they managed to get in the market, the price is very low compared to when you bought it in their ICO stage and there could be more scam project this year because majority of the investors are so picky.