<p><a href="https://news.bitcoin.com/46-last-years-icos-failed-already/" rel="nofollow noreferrer">Bitcoin.com</a></p>

<blockquote>
  <p>Having completed an extensive study into last year’s crowdsales, news.Bitcoin.com can report that 46% of them are effectively dead already – despite raising over $104 million.</p>
</blockquote>

<p><a href="https://medium.com/satis-group/ico-quality-development-trading-e4fef28df04f" rel="nofollow noreferrer">Satis Group's Cryptocurrency Research</a></p>

<blockquote>
  <p>On the basis of the above classification, we found that approximately 81% of ICO’s were Scams, ~6% Failed, ~5% had Gone Dead, and ~8% went on to trade on a exchange.</p>
</blockquote>

<p>Lastly, Bitcoin.com also mentions that in an MIT-authored research paper, <a href="https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3137213" rel="nofollow noreferrer">Initial Coin Offerings and the Value of Crypto Tokens</a>, it was <a href="https://news.bitcoin.com/80-of-icos-are-scams-only-8-reach-an-exchange/" rel="nofollow noreferrer">"found [that] only between 5% to 25% of ICOs are frauds."</a> However, I couldn't find evidence of this claim in the paper mentioned.</p>

CC BY-SA 3.0
2018-04-06T15:40:58.123Z
Thank you, that are many sources, which I can totally use!
TheCooocy
CC BY-SA 4.0
2018-04-05T11:58:28.163Z
2019-01-23T12:00:11.380Z
2019-01-23T12:00:11.380Z
Anon
<p>Is there a <strong>scientific</strong> survey/ publication/ paper about how many of the 1597 cryptocurrencies/ blockchains listed by coinmarketcap.com or similar, might be scam, have failed or are not even developed? </p>

<p>I wonder how many of those hundreds of blockchains around might be <em>serious</em> projects. </p>

<p>Blog entries or estimations might also be useful to me, but I would like reliable information.</p>

<blockchain>
Is there a scientific survey on the number of Cryptocurrency fails / scams?
TheCooocy
# Is there a scientific survey on the number of Cryptocurrency fails / scams?

(Asked by: username_0 on 2018-04-05)

Is there a **scientific** survey/ publication/ paper about how many of the 1597 cryptocurrencies/ blockchains listed by coinmarketcap.com or similar, might be scam, have failed or are not even developed?

I wonder how many of those hundreds of blockchains around might be *serious* projects.

Blog entries or estimations might also be useful to me, but I would like reliable information.

**Tags:** blockchain


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## 1 answers

### Answer by username_1 on 2018-04-05. Score: 2 | Accepted answer

[Bitcoin.com](https://news.bitcoin.com/46-last-years-icos-failed-already/)

> Having completed an extensive study into last year’s crowdsales, news.Bitcoin.com can report that 46% of them are effectively dead already – despite raising over $104 million.

[Satis Group's Cryptocurrency Research](https://medium.com/satis-group/ico-quality-development-trading-e4fef28df04f)

> On the basis of the above classification, we found that approximately 81% of ICO’s were Scams, ~6% Failed, ~5% had Gone Dead, and ~8% went on to trade on a exchange.

Lastly, Bitcoin.com also mentions that in an MIT-authored research paper, [Initial Coin Offerings and the Value of Crypto Tokens](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3137213), it was ["found [that] only between 5% to 25% of ICOs are frauds."](https://news.bitcoin.com/80-of-icos-are-scams-only-8-reach-an-exchange/) However, I couldn't find evidence of this claim in the paper mentioned.

> **Comments:**
> **username_0**: Thank you, that are many sources, which I can totally use!  

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