Statis Group Finds That Nearly 80% of ICOs in 2017 Were Scams

ICO scams: The ICO advisory firm, Statis Group, just announced its recent study that showed that nearly 80 percent of initial coin offerings (ICOs) held in 2017 were scams.

The study took into account the lifecycle of ICOs, from the initial proposal of sale to the most mature phase of trading on a cryptocurrency exchange.

The study found:

“On the basis of the above classification, as a percentage of the total number of ICOs, we found that approximately 78% of ICO’s were Identified Scams, ~4% Failed, ~3% had Gone Dead, and ~15% …

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