2018-7-16 18:17 |
Satis Group prepared a report, in which it has shown that around 81% of the total number of initial coin offerings launched since 2017 have turned out to be scams.
The crypto world has been developing rapidly, with Initial Coin Offering (ICO) becoming one of the most popular investments in the world.
Satis Group, the premier ICO advisory firm, conducted a study which has found that in 2017 over 80 percent of ICOs were scams.
But in dollar terms, only 11% of the approximately US$12 billion raised in these projects went to these fraudulent ICOs.
According to the report published by Satis Group Crypto Research, scams were identified as projects that didn’t initially plan on following their roadmap, or were deemed by the community as scams.