About half of all ICO funds collected are invested according to a study of the Satis Group in successful projects. Overall, it’s supposed to be almost 80 percent of the ICOs to fraud.
At first glance, the Report of the US ICO-consultant company Satis Group looks contradictory: About 78 percent of the ICOs were identified as Scams, but were the total of put 54 percent of the money in successful projects. Under the walls the Figures are merely what the sparrows whistle for a Long time already from the rooftops: ICOs, in principle Yes, but: DO YOUR OWN RESEARCH.
The Report published by the Bloomberg news Agency last week. It forms the second Part of a five-part series on the crypto-Ökononomie that started on April 28. June found. While in the first part of the technical fundamentals were the focus, the focus in the second part on the topic of network position. So were highlighted by the analysts in addition to the topics of Smart Contracts, network structures and ICO-market, the quality of ICOs.
Scams are dominating in the number of
The Satis Group took last year of projects under the magnifying glass and ordered the following categories:
Identified fraud totgelaufenes project failed success promising shrinking
the first three categories refer to the Pre-Trading, the points of four to six on the Trading itself. To be as a Scam classified, had to abandon a project is a demonstrable Intention to fulfill his part of the deal. Another indicator of a Scam, the accumulation of the corresponding allegations on the part of the crypto-Community in relevant forums and other Online information sources. Overall clearance, the analysts referenced a rich 78 percent of the ICOs to meet these criteria.
one of the most successful projects of the study, however, those who have managed to successful Funding on an Exchange. In addition, they had to combine the following three basic aspects:
(at least the Test or beta phase) of a Blockchain or distributed Ledger or of a product or a platform, if it is an App or a Utility Token.The project has a transparent Roadmap presented had to be on Github for at least three months recognizable contributions to the source code of a project.
recorded in Only five to ten percent of the projects, the Satis Group classified as “successful”. Of these, only 7 percent meet all three of the above criteria. Three percent meet only two of the points and therefore fall into the category of “promising”. A project fulfilled, in spite of the successful IPO, only one or fewer of the criteria for success, gave it to the analysts as “shrinking” (“dwindling”). This affected about 4 percent of the ICOs.
Honest ICOs get more money
The proportion of Scams in the total number of the projects may be with 78 percent relatively high, but is expected to surprise a few really. Similarly, it represents the total capital that has been invested in ICOs. This is around 12 billion US dollars, or approximately 10.2 billion Euro. Only a tenth of them were investors in fraudulent projects. To do this, you have to remember that the Scams of Pincoin and Arisebank a damage volume of around 1.2 billion US caused the Dollar. With eight billion dollars, the majority (54 percent) flowed out of the investment capital in successful ICOs.
– it may seem daunting, the proportion of Scams, first, the views of the total capitalization of the ICOs is reason for optimism. As before, the bid of the Due Diligance is true for investors, particularly in high-risk projects, such as ICOs. To find the more thoroughly one’s own research, the higher the probability of a white sheep among the ICOs.
