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 ...
That's why for newbie investors out there who want to make it big in the whole cryptocurrency scene, everyone has to do their part in doing research specially if they want to go big. It will be a daunting task, but it will be sure to place your money in the right pockets which is with the developers.