New Study: 80% of ICOs are Scams, Only 8% Reach an Exchange - by C. Edward Kelso

[nandibear]

New Study: 80% of ICOs are Scams, Only 8% Reach an Exchange
news.bitcoin.com
by C. Edward Kelso
March 28, 2018

Excerpt:

Using publicly available sources, Satis Group LLC classified initial coin offerings (ICOs) with market capitalizations of at least 50 million USD by quality, following an ICO’s evolution from white paper, fundraising, to eventual trading online. Their findings include the eye-popping claim that 80% of ICO’s are scams, and only 8% managed to trade on a exchange.

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