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 ...
I think there are some ICO project that are legit and not scam, but because of the market situation now, project team are hard to explain to the angry investors about the dump of price. And then some investors threw bad accusations, bad words against the project. But the true and legit projects will remain true no matter what happen and have a big chance to succeed. If youre truly believer just hold it and control your emotions. Research deeply before invest to avoid scam ICO's.