Visions of Blockchain Magazine S01E02 | Page 10

Manifesto by For sure, we have to moderate these numbers. We know that a lot of these projects are in fact just big scams. If you don’t trust me, maybe you can trust Go- ogle? Search: “How many ICO scams”. You will find 12,900,000 results (and 1,740,000 for “How many scams ICO”). That means it’s a real topic. Ac- cording to a new study by rese- archers at Boston College, 56 % of ICOs failed within just four months. If you consider a recent study by Satis Group LLC, you will see that 80% of ICOs are Scams. In this Study, ICOs are classified, using publicly available sources, with market capitalizations (>50 million USD) by quality, following the evolution from a white paper to fundraising, then to potential tra- ding (listing on exchange). Source : ICO Quality: Development & Trading - Satis Group