Short answer - It depends. Long answer - It takes lot of research before you can label something a shtcoin. How to do that research is one of the longer blog p

Short answer - It depends. Long answer - It takes lot of research before you can label something a shtcoin. How to do that research is one of the longer blog posts pending in my draft folder. Starting point can be the ownership aspect of a coin. There are coins which are pre-mine or instamine. Shameless plug and a badly written blog post: https://blockchaintechblog.com/2017/09/02/ico-token-explained/ https://blockchaintechblog.com/2017/09/02/ico-token-explaine... Ethereum is one of the biggest example. During it's launch developers owned ~12% of the supply. Now, pre-mine is not exactly bad. Developers need money for things like listing. HitBTC, consider to be one of the worst exchanges, cost 25 BTC per listing. But, on the other end of spectrum you have Veritaseum where the developers still own 95% of the coins. People might support it but in my book it is a shtcoin even at $373 per coin.