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The vast majority of ICOs so far have not been scams. It might seem counterintuitive because we hear about the SEC closing down on a few projects but if you loo
by decentralised 8y ago
The vast majority of ICOs so far have not been scams. It might seem counterintuitive because we hear about the SEC closing down on a few projects but if you look past the headline you'll see that most of the cases brought to justice so far where for complete scams that didn't even have a working token model or a business model.
I'm not saying that having an ICO will make your company a success, in fact as far as I can see the average survival rate for blockchain startups is in line with any other startup, bootstrapped or IPO'd
- WAHa_06x36 8y agoLiterally the opposite is true: https://cointelegraph.com/news/new-study-says-80-percent-of-icos-conducted-in-2017-were-scams https://cointelegraph.com/news/new-study-says-80-percent-of-...
- decentralised 8y agoOk we have a problem here: The one study you mention from the "ICO advisory firm Statis Group" does not the truth make. Just because an article that matches your own bias... There have been thousands of ICOs around the world and companies such as Statis use FUD and lies to scare customers away from competitors. I'm involved in the space as you can probably tell and I assure you this isn't even the most underhanded tactic I've seen so far.