What a surprise: more than half conducted by ICO Scam

Recent research by Statis Group has revealed that more than 80 percent of ICO in 2017 turned out to be a Scam. Analysts studied the life cycle of startups from the beginning of comensal before listing on the stock exchange. It is reported by Cointelegraph.

How not to lose money in ICO

According to statistics, 70% of all attracted in the year had start-up companies with good fundamental prospects. For 80% of all projects turned out to be a Scam. Analysts also highlighted the proportion of “dead” ICO, which include projects without listing on the stock exchanges or with zero trading volume.

In just 2017 ICO collected 11.9 billion. 1.34 billion of funding went scamm. Of this amount a large part of the attracted projects Pincoin, Arisebank and Savedroid. The result — every eighth ICO was fraudulent, and have benches attracted only one-tenth of all investors.

Recall from the beginning of 2018, the fraudsters managed to steal about $ 1.1 billion. In recent years the focus of hackers has shifted from outright theft of coins in a hidden mining and extortion. But the ICO turnover is increasing, this does not prevent even the global correction of the stock market.

However, the ICO is not the only way to profit in the stock market. Visitors of our chat will tell you where to find more light x’s.

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The message Here is a surprise: more than half conducted by ICO Scam appeared first on Two Bitcoin.

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