Deadcoin’s listing has collected over 800 deceitful and failed Initial Coin Offerings (ICO) projects
According to research from an analysis and ICO advisory company called Satis Group, on average above 80 percent of ICOs valued at around $50 million have actually been Ponzi schemes.
Since cryptocurrency has been circulated on the market, there are a lot of projects with different problems. More and more problems are trying to attract attention from investors.
The first coin on the list is Aladin Coin, and the coin has been classified as scam. The summary illustrates the ICO project is “A Bitcoin clone with a Multi Level Marketing scheme in Asia.”
Bloomberg author Aaron Brown, who has analyzed today’s ICO market, wrote:
“There has obviously been significant fraud and hype in the ICO market. I have seen 80 percent of ICOs were frauds, and 10 percent lacked substance and failed shortly after raising money. Most of the remaining 10 percent will probably fail as well.”
An integrated team, high level of attention in the crypto community, and reliable product on ICO projects will always be investigated by investors before they make decisions.
Many ICO projects on the deadcoin list could not meet the requirements of investors. It is essential that main investor groups know the projects in various perspectives, such as business, technical and commercial aspects, etc.
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