What about the ICO now?--2017 Annual ICO

What about the ICO now -- the 2017 ICO overview?

preface

ICO market in 2017 savage growth seen by chaos, a few money one hundred times return on the demonstration effect, the ICO quickly hot even broke up, at that time the market could come from gathers and XiJian inverse shoe, from shows that spread to the spooky:, finally drew transmission regulation. Admittedly, ICO popular and chain blocks the development of technology, it promotes the innovation in the field, and accelerate the influence today's world, but there's little doubt that more bubbles are in the process of the accumulation, and there are a lot of people from which seizes the ill-gotten gains.

The purpose of this article is to set out from the data, from different angles to observation the ICO "spectacle", to a certain extent, see industry present situation, found that the phenomenon of the industry, to provide more insiders reference and enlightenment.

By December 31, 1252 ICO projects were included, and sufficient databases were obtained. Although it is impossible to include all the ICO in the world, I personally feel that the more than 1200 directories should contain at least 70% of the ICO, which gives a strong support to the sample size. On the other hand, I master basic conditions of each project at the same time, in general is carried out for many of them have the potential to dig deep, concept, content, methods, techniques, team, financial, market, road map, information disclosure, etc., in order to increase their understanding, as far as possible make more objective evaluation conclusion, so far, a total of evaluating more than 120, at the same time I also regularly to track some evaluation of the ICO project follow-up situation, grasp the trend, the development team progress, version updates and other information, assemble a newsletter published, these two aspects, let I to a comprehensive understanding of many projects, also calculate a little experience.

1

Overview and description

I do comprehensive summary statistics of the ICO project status, from the aspects of time, category, progress, transverse and longitudinal comparison, and choose the typical analysis evaluation, hope to be able to do in see leopard "pipe" the effect.

1 screening range

Status: all the projects that have been completed by ICO, only the projects that have completed part of the project and the withdrawal and suspension are not in the statistical range.

Time: from the first record on June 18, 2017, to the end of December 31, 2017.

Quantity: 985 projects in the statistical range.

2 error description

The 985 ICO projects do not fully include the global ICO, but the number has a certain degree of reference. On this basis, I on the website and relevant link one by one check, record, complete, suspension of the project, but due to personal ability, may not be entirely accurate, perfectness, there may be some errors, but will not have a systematic deviation as a whole.

1. Project division

I divide the ICO project into six categories:

Technical classes - projects in the area of the block chain, including but not limited to the technical base, technical protocols, technical solutions, and other types of technical integration.

Finance -- projects that use the blockchain for economic functions such as circulation, exchange and trading, including but not limited to exchanges, venture capital, loans and financial derivatives based on cryptocurrencies.

Network application class, using block chain solutions provide Internet services or to the traditional software functions of projects, including but not limited to the search engines, advertising platform, content distribution, types, such as electric business platform.

Reality application class - separate compartments to distinguish between a do and, is mainly associated with practical activities produced block chain project, including but not limited to real production, the construction investment, lease sale, medical transportation, charity, etc.

Entertainment - block chain involved in the entertainment projects, including but not limited to bet, game competition, social gatherings, such as video broadcast type (actually this category can divide into two kinds of application class, but as a result of online betting and esports project is more, and has certain particularity, I feel worse than grouped alone).

Cryptocurrency - the project itself is an encrypted currency that has little relevance.

When I was in the statistical research projects individually, try to make a clear distinction between, but thus kind of classification is divided according to the various projects obvious characteristics, do not have professional aspects of accuracy, some project composition is complicated, can only be carried out in accordance with the characteristic classification.

1. Classification of project status.

I have divided the status of these completed ICO projects into four categories:

Activity - normal access to the project site, normal operation of social media or short-term updates to the source code. (due to the limited personal time and energy, statistical satisfy the condition that records as the "activities", is expected to them or have a lot of program is not really developed, but need to precise statistics this professional team and a lot of manpower, this article will not discuss this issue, again, still have sign of activity of the project is team, does not guarantee that they must be in development)

Stalling - websites can access, social media content is very few, long - term content, or no development related content, source code is not updated. (whether due to the substantial development only from the website links and social media channels is difficult to define, so took a conservative estimate, only obvious behavior without substantial development projects accounting into this category, number of total)

Lost in - site can access, social media has no content of more than two months, code no update, in addition without any contact information and website no update project together into such source code. (no contact information of the project directly to lost, there may be a mistake, may some projects with communication software group name and contact information, here is not to distinguish between a fund-raising 10 trillion project is not even the social media and public channels construction and maintenance, itself is irresponsible for investors, and garbage project to not wrong)

Disuse - the site is inaccessible, social media is not updated (if any), and the source code is not updated.

3

Case summary

1 status summary

According to the statistics, in the 985 projects on June 18, 2017, solstice November 30, the activity was 585, and 80 were suspended, 171 were lost and 149 were abandoned.

In February the statistics

The monthly amount

From June to July 2017, there are 88 ICO projects, 121 ICO projects in August, 183 ICO projects in September, 252 ICO projects in October, 226 in November and 115 in December. (due to the small number of statistical items in June, it was incorporated into the July statistics, as follows)

Project status monthly statistics.

From June to July, there were 88 projects and 47 activities. In August, there were 121 projects and 64 activities. In September, there were 183 projects and 92 activities. In October, there were 252 projects and 162 activities. In November, there were 226 activities, 150 activities, 115 projects in December and 71 activities.

The monthly mortality rate was 46.5%, 47.1%, 49.7%, 35.7%, 33.6% and 38.2% respectively.

To be sure, 10-12 month "death" of the project significantly reduced, that is partly because time is short, the potential project has not to expose fraud, in fact the statistics in a year later do more persuasive, because many web server lease period is one year, in the same period in 2018, some projects will be exposed to prototype, earlier reports said block chain project suspended for a year on average, if a year later to the statistics, the result might be more objective, but even now, this ratio will also illustrate the problem.

3 type statistics

Type the overview

Among the 985 projects, there were 90 technical classes, 260 financial classes, 195 network applications, 221 practical applications, 135 entertainment classes and 84 cryptocurrency classes.

Type status quo

Technical class: 90, of which 72 were active, 8 were stasis, 7 were lost, 3 were abandoned, and the death rate was 20%.

Financial: 260, among which 169 were active, 21 were stagnant, 35 were lost, 35 were abandoned, and 35 percent were "dead".

Network application: 195, including 115 activities, 12 inactive, 35 lost, 33 abandoned, and 41% "death".

Practical applications: 221, of which 117 were active, 13 were suspended, 50 were lost, 41 were abandoned, and the "death rate" rate was 47.1%.

Entertainment: 135, 79 activities, 12 inactive, 26 lost, 18 abandoned, 41.5% of "death".

Cryptocurrencies: 84, 33 activities, 14 inactive, 18 lost, 19 abandoned, and 60.7% of "dead".

4 discuss

From table 1, table 3 shows, in included in the statistics of 985 projects, half a year there were 400 projects has been largely discontinued development, unable to meet investor returns, the proportion reached 40.6%, in December of 115 projects, up to now has two months only 44 project (38.3%) in the same situation, suggesting that integrity issues in the field of ICO is not optimistic. And it is not all, marked as "activity" in the rest of the project, is expected to have quite a few projects don't have substantial development, this code from the project, the public media can see clue, some projects of development of social media information without any content, with staff interviews, turn on, business communication and the information content of the hype of some projects is put on the exchange notes as the purpose of the work, on the tokens exchange after it to the finish line, as there will be no follow-up development work, and some project only stay in the stronghold on the client side, as a project be born hype. For the water of the project in the activity, I will select a certain amount of items for in-depth investigation in section 4 of this paper.

On the whole, the ICO market is a serious disorder and lack of order, and the fraud is very serious. This mess is associated with a variety of factors, one is the chain block this new technology in a savage growth period, and stock, the concept of the Internet in the 90 s and the beginning of the 21st century electronics factory similar things, new things tend to go through this period. Secondly, it is related to the unprincipled pursuit of profit in the industry. The spirit of the devil and the evil spirit, with the monopoly and information asymmetry of the industry, repeatedly breaks the lower limit and highly manipulates the market. 3 it is related to the influx of speculators, a lot of people with the irrational speculative demand, lack of awareness and consciousness of block chain industry and technology, to all sorts of ICO for effective review and resolution, and can't effectively restrained desire, risk control, finally not deceived; Four is related to the lack of responsibility, the properties of the ICO let people participate in diversification, unable to form a unified action as a whole, after been duped or a weak voice, either gradually forgotten, ultimately not to pursue, the deceiver to hide.

By table 2 shows, the number of the ICO project since June to basically stable growth rate increased month by month, including the reason for this reduction in November and December is a have many projects at the beginning of the article writing did not finish all the ICO, another reason is the January market, to a large number of original ICO project to cancelled and delay the ICO, after the ICO is discussed in this paper because of ecology, so I will not finish of the ICO project are picked off, if add this part, a total of 11 month 306, 190, a total of 12 month quantity is little. The trend shows that ICO basic not subjected to heat the first two secondary market downturn (in early July, on September 4, two recessions), can reflect that time ICO rewards outweigh the benefits, relative to this level of return, organization, distribution and failure of the ICO the total cost of the loss can not plan, this is probably the global centers are flocking to the cause. And since December, ICO to fierce competition, cost and the threshold gradually improve - Starta vc (itself has ICO project) launched a ICO report detailed analysis the cost increase factor and amplitude of the rise in the cost of it is in this case, coincided with the secondary market since January 2018 great recession, people carefully, many of the ICO project is difficult to raise money, and they can no longer afford the growing cost of dispersing pertains, so are taking various methods to delay the ICO, many projects in the fourth quarter of 2017 is still not started or are just beginning to ICO, some even put it off until the second quarter.

Table 3 shows the ICO per month the current situation of the project, the activities of the project were higher than 50%, but to give up the flow of including fish in troubled waters, must also have a number of teams in the development work, even if there are dead in the future, in the moment performance has greatly surpassed the 2013 counterfeit currency four periods, which revealed the spontaneous and conscious industry progress, this is a positive side.

Table 4 is the distribution of the type of ICO project, the largest number is the financial category, and the second is the real application class, which partly reflects the status quo of the ICO market. Financial application is the earliest and most effective application direction of blockchain, and the largest proportion of projects derived from it is expected. In the second and the third is the reality and the network application class, this is because in this round of fever, ICO project in order to increase their own credibility, are all in the name of solving practical problems, the familiar objects of an existing, Volkswagen and chain blocks combined into a new concept, can raise money smoothly. But in fact many of these combinations have no necessity, feasibility, or no especially block chain is not yet in the popularization of the Internet to be born in reality some of the projects, could not realize, so the reality application class project of high mortality rate (table 5), 2018, the proportion of project will further increase, abortion, there will be a lot of project must be on high alert, the types of high-risk projects in detail, I will be discussed in section 5 of this article; The technical analogy is less understandable, the technology is the threshold, the ability is not enough to do, the circle money may not even write the white paper, so the final project number is less; Encryption so little money class is also understandable, pure copycat not deceive people cheated, now turning to block the cheats chain concept existing make a set of routines, natural, pure imitation and die quickly (see chart 5).

Table 5 reflect the various project activities and inactive (stagnation, lost and abandoned) ratio condition, the technology has the highest survival rate and survival rate of the lowest category is the currency of the encryption, indeed is now not in 2013, pure counterfeit currency is very difficult to have a market. Survival rate of the penultimate is reality application class, as I said before, this kind of project is a favorite of fraud, with the familiar concepts combined with block chain packing sublimation, make beautiful white paper, in efforts to promote social media, such as telegrann drop, bounty mission, smarter translation page in Chinese construction WeChat group, will soon, and then a small fortune to easily, be to need to cash, the network application can at least do a software, practical applications need to not confuse, dry goods and or tai chi, or run lost, survival rate is low.

On the whole, in this section of statistics and charts, I put forward some ideas based on my own understanding, and more interpretation is a matter of opinion.

4

Key project investigation

In this section, I will be in accordance with the time, from the 857 project category 50 has certain influence at the time or the representative projects, from the source code, development status, active degree, roadmap implementation of the four indicators to evaluate each project individually, by using multi-dimensional side to see their real status.

Source code is chosen as the index of reason is that the source code can directly show that team is in the work, site can packaging, social media can lie, the market can hype, but the source of development degree can not be denied; Choose development status as indicators of reason is that it not only can confirm each other, and source, also represents the attitude of the team, can regularly updated information and development report, the work on track, no director's team is difficult to take out decent report, even if it is very difficult, occasionally make up some long-term work frequently report; Activity reflects the team vitality, can test whether project in order to efficiently operate, can continue to update website, growing community of users, maintain social media active and actively carry out activities of the project, reflect the team well staffed, running stability, a clear division of responsibilities and orderly, including a lack of any confusion will eventually by external expression reveals; Roadmap represents the fundamental goal of project and the team's commitment, this is a very serious, if a project is not to live up to the road map of his white paper (and there is no plausible explanation), that way I doubt whether team is willing to develop products, and I doubt if the team has the ability to develop the product, this will let me lose faith in it.

Did not consider the price factor, that is because in the immature market, the price does not have the objective aspects of the reference, it may contain a certain degree of consensus factors on the quality of the project, but is more likely to contain the control plate, the hype, fraud and greed, after not sure how many degree of influence of several factors occupy, without any reference price index. Although I chose a few reference index also can not fully reflect the real situation, but at least can form a certain objectivity in the match, and the lack of full of bubble in the market lack of support is the price of the actual value should not be considered. As for team strength, technical solutions, and so on, that is a question to be considered before investing. Now we are not looking at packaging but performance and results.

Project list and description.

I selected from different types, different project in the list, to ensure that the months, and various types according to the proportional distribution of June and July 8, 9 August, September 11, 14 October, November 8, December 3. According to the type, there are 9 technical classes, 10 financial classes, 12 network applications, 7 practical applications, 8 entertainment classes and 4 cryptocurrency classes. Most of these projects are of high attention or promotion in ICO, and are representative in their field. All projects are still active.

2 scoring criteria

In the sub-index, I will give the four grades of A, B, C and D according to the actual situation of the project, namely 4, 3, 2 and 1, and the plus and minus signs will increase and decrease by 0.4 points.

The related items do not involve the average score.

While some items such as source code, development report may set up evaluation standard, but difficult to quantify directly, more or less be affected by subjective, so I will write the specific reasons after some score and ideas, for reference.

3 the source code

I updated the code according to this principle:

A -- it's updated within 10 days.

B -- updated within 30 days.

C -- updated within 2 months.

D -- no update for more than 2 months.

Code score:

Table 7

4 development status

Development status:

A -- continuous updating of development reports, regular topic discussions, review and other development information release.

B - continuous updating of development reports or related topics.

C -- the development schedule is announced.

D -- no relevant information was released.

5 community construction

Evaluation criteria:

A - content continuously updated, and constantly expand the user community, actively expand cooperation partners, social media is active, organize various activities, to participate in the meeting and BBS, etc., comply with most of the items above

B -- some of the above activities.

C -- there are undesirable tendencies in these activities.

D -- there is no such activity.

1. Implementation of the roadmap.

Evaluation criteria:

A -- the development schedule meets or exceeds the roadmap, or further updates the roadmap on this basis.

B -- not meeting the road map expectations, but offering explanations or adjustments.

C -- a backward road map, but it is still being developed.

D -- the development schedule is far behind the road map, without any explanation.

7 summary

The total score of 50 projects is as follows:

There were 21 with less than 10 points and poor performance, and 5 of them were below 6, and the proportion was still very high. The median of the 50 projects was 11.1, which was a poor score. Since the 50 projects themselves are already the more outstanding ones, if the total number of more than 800 is counted, the overall score may decline somewhat.

More than 12 points, the team overall performance excellent project for 19, occupy 38%, the proportion is optimistic, as the market mania subsided, some projects were off painted skin, many onlookers will have an illusion, think of ICO team is a liar, but in fact is not the case, gold has always been in, just too much sediment will be disguised. A lot of the performance of the company or team, is to let a person feel full of expectation, in the time of the hustle and bustle, people can not hear the silence dared to voice, but if have been looking to follow them, they, may find that they are always in pillow's bravery, yongxing, they just block chain in the field of hope. They may also fail in the future, but at least, as a pioneer in seriously do the push block chain industry forward, a lot of people said that the future of the value chain blocks, to value investment, then don't stay on the surface, to go further, to find this kind of responsible development team, when sediment washing, good show, when stigma dissipate, sifang acceptance, star of tomorrow would probably be out among them.

Taken together, the best technical performance, because the whole block chain is still in early stage, technologies and protocols have not yet met bottleneck, so this kind of project development process may be more smoothly, the team can see the results, continuous progress; At the same time, such projects are the basis of the progress of the block chain itself. The product may be used rapidly in the next stage of market, so the development goals and prospects are clear. The project cycle of technology development is longer, the goal is longer, the development team may be prepared at the beginning of the construction, and can work for a long time; Finally technology development requires level is higher, need to get real, this is equivalent to set up barriers to entry, and some to get gold for the purpose of the team may therefore choose easier to make a fuss about field from the concept, rather than the more difficult areas.

Financial project median score more common, although have high score, low grade of too many, from this 50 project as a whole, a good development, is also a financial project wonky state. Although the financial aspect is the most easy to fit block chain and encryption currency area, but because of the encryption currency is very weak, and the reality, the current so only a few lucky selected target projects more smoothly, and most are bad, there are many just idling in the field of encryption currency, market demand is very small.

Reality application class project overall performance is poorer, the be clear at a glance this reason, the current block chain technology far from universally cognitive and popularization stage, encrypted hard currency into real life, so many combined with the reality of block chain basic unable to practical application. Has a lot of project claim to 2017 in a certain field application block chain, is actually to shape the concept more effectively, to facilitate marketing, and not fall, I in the last year of a large number of such projects for the direct negative, but this kind of project is emerge in endlessly, the key still existing in the existing, plus on a familiar, easy to understand the concept of technology of block chain rings, it is easy to impress potential investors, marketing more easily. In addition to these old + new concept, as well as some existing products claiming to block chain renovation project, but only to add credibility to impress investors with existing products, to a large sum of money, or in the actual development project stalled, or still keep the original framework, just use the encryption currency a stunt. The application product that combines with reality is a big pit, do not jump easily.

Network application analogy the former situation a little better, because Internet services and chain blocks combined with a little easier, although there are also be born difficult problems, but not like a lot of practical application, but situation of the development of a consensus and chain block itself, this problem need to block the chain itself forward, and time to solve it, at the moment, advertisement, data, the copyright of these areas combined with block chain or prospect to a certain extent but period.

Entertainment project overall lackluster performance, basic only game on the breadth of platform, e-sports, live, betting on these aspects, homogeneity were very serious and in depth, the vast majority of fundamentally don't know how to make the game fun and chain blocks further combination of project has not clear planning, natural lack of further development, in the end not stay on the pure entertainment content promotion. So there are a lot of competitors in these areas, but there are no bright products.

Encryption currency class performance is very poor, generally in this paper has described in the second quarter, from 2013 to 2014, counterfeit currency rise and decay in the tide, most people have received enough education, won't have the slightest interest in his. And from a development perspective, counterfeit currency itself is the development goal, don't need to be further developed, only need to be further hype, if there is no effective hype, will immediately enter the zombie state, eventually overall performance is so poor is understandable. In addition, counterfeit currency is a mirror, from the concept and behavior of their standard in the past, can be found, with the goal of content have many so-called project, is actually borrowed ICO dongfeng repackaged counterfeit currency, in 2013 and the number of essentially no difference, the masses will soon realize this.

5

High-risk types

In this section, I focus on several categories of mortality rates are the highest item type, remind carefully into the pit, a program is not good is not necessarily easy to judge, but whether the bad experience is to talk about.

1 construction

Involved in large-scale construction projects, there is a is a pit, such as to build the world's largest aquarium, runs through the entire Russian construction of fiber optic cable, in a valley town construction of encryption, and so on. The first is the need for large sums of money that cannot be propped up by retail investors; Second, the traditional channel financing should be chosen, and strict auditing and control should be adopted in all aspects, rather than selecting unsupervised ICO channels. Third, this kind of engineering requires a professional team, which cannot be accomplished by programmers alone. So this project is going to be a meat bun.

2 class of charity

What do charity money basic completely annihilated, distributed platform of charity, charity, humanitarian funds and so on, no matter what form it is, no matter how to blow it up, don't see at all. Reason is very simple, even if the reality has strict supervision and audit of charity, also tend to be questioned, and could disappear at any time in the Internet site independently, if a charity fund really want to do charity, with encryption money that directly collect COINS and the stars such as well-known encryption money good, why ICO.

3 generations of derivatives

Funds, futures, options and notes generation investment projects and similar pension funds, funds don't trust robots, on the one hand is the money to who are behind in our own hands, there is no reason to believe that they will be responsible for your money, on the other hand, even if they are operating funds, there is no firm earn not to compensate the trading strategy, but the more in-depth trading more easy to lose, the encryption currency itself, on the basis of risk huge to make financial derivatives is the square of the risk, many stars in the 90 s of the stock market traders, and finally is mostly bankruptcy, imprisoned and run, rise and fall of gain and loss can be the guide.

4 production correlation

Beer coin, film, banana production chain, capacitor production, Zambia to dig gems, California to explore oil... A variety of this kind of production related COINS, is mostly about high profit, as if to Denver, but it does not seem to be the case, the manufacturer is better short of money from a encryption currency in the a sum of money to fill holes, others simply took money run.

5 industry correlation

Pump for COINS, geologists have special coin, salt industry special COINS, rich special COINS, christians of the currency, etc., the main professional or ideal color, but in fact not worth believe, if they really want to use, use of the existing mature encryption money is ok, no additional reason for create a currency, besides money itself is not industry characteristics, can pump community currency used by geologists, and vice versa.

Exaggeration or scaremongering.

Such currency often exaggerated on advertising, such as advertising platform of "revolutionary" "sovereign credit card" "human to immortal" ultimate trading platform "reign", I don't think with the slogan of the normal, is in fact, they are basically all hang up or lost.

7 a pyramid scheme

This is a typical categories, representative is bitconnect, about began in December 2017, there are many similar projects, a common feature is introduced a kind of currency, claims to complete for the center with its wallet, exchange, lending, smart contracts, a series of functions such as e-commerce, but doesn't have any actual solution on site content, just to say that the future prospects of the ecological system. Business model is obtained from the currency in circulation "interest", to lure users to buy and locking money to obtain the reward, in many money not to use cases, locked up currency price easily, make money holders of wealth increased, so it is illusion, then buy more COINS, while adding la referral bonus, several rounds of raised the price difference to make scarce strategies such as feeling, finally to form a spiral. This kind is a typical pyramid selling coin, must be able to withstand the temptation, do not participate.

8 bet

Block chain effect seen in transparent anti-counterfeiting technology, and lucrative betting game together effect is very ideal, the two cooperation constitutes a strong appeal, make a lot of teams are to develop the chain block system, due to similar products, the inferior, the homogeneity is very serious. That's the problem, is large enough opportunities, chain blocks the development of such software cost and difficulty of development and is extremely low, and don't talk about operating a one-way ticket income, is only the time-averaged far more than the actual development needs to raise enough developers made millions is full, even they didn't need to on the development of fraud, because capital is a fraud. I don't recommend this kind of project is that first of all, too much project runs away the already limited potential users, the results may be users of any this kind of game is not enough, return on investment is talking (currency with leek without brain buy is another matter), followed by the development costs and raise serious unequal wealth, as investors are sky-high pit, finally the project too much, really can make the possibility of future development is very low.
The above is my summarized several kind of typical of ICO minefield, these are not all, of course, is a representative, we can found in this kind of typical project characteristics of the lines, thus increase their ability to think and identify.

6

The exhibition platform

In 2017, there are some wonderful work to the limit of project, I had to pull them out "broadcast" alone, let the onlookers more joke, also let them be more people know, in the chain of blocks of leave a mark in history.

(Tezos, TRX, I won't tell you what the earth knows.)

1 Polybius

Polybius is a Estonia's project, pretends to chain bank building blocks, may and June 2017, raise, raise lines I forgot how many, but has entered the year ten big ICO, even in their own home page said: "we thought can build a bank, but in fact established a technology company."

In fundraising, the official said tokens PLBT is the important proof of all business in the bank, the lowest price for $10, the user can at any time at a low price back to $, the price of the token is approximately 1 COINS = 80 PLBT.

After the fundraising was completed in July, the official form was released to allow participants to fill out forms according to European regulations. Then the team disappeared, and the last time on social media was August 13. Although many investors can't believe such a big project will do such a thing, in fact its behavior is really the way to go, and then what happened to the coin I don't want to talk more about it.

But then something happened, and in early October, the official tweet sent another theme, reprinting the news that we had entered the ten ICO of 2017! A lot of people see your ya not to die, then in the following reply to angrily ask the project progress, but did not get the positive answer. Half a month later, the official tweeted a picture of the sunrise, saying that we were going to be the new CEO in 2018, and then fell silent again. Someone behind the message says, is about the original CEO a money went directly to buy luxury cars luxury resort, after three months 'money to resign, so as to explain suppressed three months out of the new CEO message.

November to now, Polybius sent a total of 10, no one is down to business, finally learned that thing is they sent a piece to the outskirts of the figure, said we moved to Brussels, really let a person in distress situation.

Polybius basically complete deduced a typical cheater company routines, it between run and activities, what nothing, it doesn't matter what time to send a dynamic, investors can't be swindled, but don't want again, gradually wear off after the attention of the investors, they again to participate in various activities, in some point of view, after successful washed white mix a familiar face, you can take a brand to do other things.

Domestic companies is such practices, specific company, to see what a project to raise two years in addition to issuing exchanges on promises of a dry all day long, not around the platform.

2 COSS

COSS is a one-stop platform that includes payment entry, exchanges, tenants, market value systems, malls and wallets. Strictly speaking, the COSS exchange is still running, but other parts of it have made me deeply despise the project.

First the ICO is benefit of the doubt, it claims to be successfully operated for more than a year, the website has hundreds of support encryption (seems) to the money to pay store links, entrance with payment service customers, etc., but this site is only in April 2017, the first news website is April 17th, this more than a year of operations come from? How did more than 100 merchants join in more than two months? I also looked up members of the founding team on linkedin and found that none of them had COSS related content on their resumes. (details of my secret circle history archive)

Followed by the website after the ICO has almost no change, already 8 months, payment way and development proved that two pages still just like eight months ago, a page, other pages are about the same, there is not any new product that is eight months; The store page has now been maintained, and the last time I logged in was the previous one. Why didn't the family add in the first half of the year? The latest information on the "recent update" on the website is April 1, 2017. The first of the "coming" is the forthcoming issue of scrip. What does all this mean?

Most of the spirit, the site did not leave any contact link community, that is to say, we don't know already, the official did not release any news, don't know what did after they took the money. Investors can see, is a eight months didn't update page, any new content added so-called platform and can't find the team, the only activity is the exchange can bring profits for them.

3 Ziber

This is a project with a block chain free call, nor hot in August in July is higher, and a domestic ICO platform is the sole distributor, at that time, I just think it is a common project, have a little doubt on free call, but there is no evidence to perjury, ever go to its website has made a free call it, but can't dial, so no more study.

During it began to raise, suddenly one day in the evening, I saw an article in a group of highly recommend Ziber, says very hot, the project after quickly raised 13000 eth abroad was attacked by hackers, lost some COINS, the article also said Ziber taken overseas and the domestic rules of lines, while overseas is full, but at present domestic lines and there are many, now only ten a fraction of the overseas buying cost.

When I saw this article, my first thought was, "really find the money?" Hurry to the website of domestic generation investment to see, sure the quota still has a lot of. But I'm still a little skeptical, so I decided to go to the official channel to see what the hacking situation was like, and then over the wall, I found the problem.

In Ziber's office, there were not many responses to each tweet, so I clicked on one and found someone writing below: this cheater project, don't vote! Even a couple of themes, the following are written "fraud alert". I'm a little surprised, isn't this a big hot project, how could it be such a comment? Is it a competitor? Then I read on a subject that the publicity pictures of the project were embezzled, and the original source of the picture was given. At this point I began to feel this project really has a problem, then I look down stolen when news, found no official announcement were stolen, only tweets, head of the website has a problem, whether for stolen is not clear, because there is no clear answer, a few of the ETH belonging, security, and moved to the currency's fate has become the focus of attention, constantly asked related problem, but the official did not respond to anything. For the "hacking" the ambiguity and information distribution channels refusal attitude for investors to gradually transfer suspected target on the official, it was found that in the whole process, not only without evidence of hackers, the official also complete not like hacker attacks happened, people began to guess there is no hacker, so the official did not dare to respond positively.

Witnessing these circumstances, I also told the official behavior is very suspicious, but in the end, let me understand that the act of fraud is I checked before and after a couple of the ETH address (including the so-called hackers), found that the amount of money received is very small, the number is far less than the number of the article the night said, and the new address has been more than a day without money into, gone is far from the line of the article said, this a series of things make me feel the ICO is very like a trap, can't touch, I am also very grateful to the ICO in lust to domestic site transfer money before, how a mind over looked.

Ziber finally ran road that text into a page, it says he is stolen, the project is not done at such a time, tall is he gives compensation scheme is a ponzi - this is name, encourage victims to save money, promise will give the deposit money after a month satisfactory compensation, they say that this is indeed a ponzi scheme, but promise to give money in return, believe it or not.

The whole thing is going to be like this, Ziber faked the publicity material, fired his own project, and worked with a Chinese platform. Hackers events occurred after began to raise money, one possibility is to pretend to be attacked, but acting wrong can't put down, so just how much we can not out of the dark black, another possibility is already didn't how many money, lose hope in stolen, inside besides chaos can't pick up, tuned out altogether.

But anyway, it is a bastard, a reason is Ziber before raising to oneself to develop products with enthusiasm, but encounter twists and turns so thoroughly dissolve quickly, after all what ideal goal originally is child's play; The second reason is that the Ziber team's performance in the middle is completely abnormal. It does not respond to the demands of users, which reveals a contempt for users and an attitude of not caring about the future. The third reason is falsification of information. In our country, it is not only deceiving, but cheating. The last point is that the ponzi box is a bit of a trick, and it's not like a normal team can do it.

4 Solomon Exchange

It's an exchange program, and it's one of a number of dead, unreliable projects, and it's really bizarre to say that it's his white paper.

On the front page of the white paper, it says, "the ultimate exchange that rules everything"... I feel like I've seen a psycho. The whole paper is like posters, page or two big word "ten big advantage", "eight big innovation" page and two characters, "top ten", "nine goals", and with an exclamation point a few pages, and then there is a breakthrough limit, for all service, establishing the industry standard, very professional, very safe, very comprehensive, and the world bank, such as cooperation, is the world's best... It feels like I can be brainwashed several times.

In any case, it's a bit of a slap in the face, and I'm curious about what it will look like when it lands, but it'll soon be dead.

5 paquarium

Said developers want to build a the world's largest aquarium, they began the introduction in the form of very literature and art, that feeling in the city life, busy life but is only one of the capital operation, the machine is really feel tired, tired, then start to practice a great ideal, is the world's largest aquarium, in which people can comfortably to witness and embrace the beauty of nature... The opening of this "please pay for my dream" is not the only magical place. There are others:

1. It is claimed that all the scrip holders will vote for the site of the aquarium construction, and there are several alternative locations in the Sahara desert, and do not know whether to make a stewed fish.

2. He summed up six advantages for the gains made by the investors, which are visible in the article and the same content.

3. There are three levels of money, and the last one reminds me of pyramid selling.

Investors say investors should not care too much about money, respect the ideal, pursue the ideal...

This project is the most I have ever seen two ICO, have raised $610000, but it is still, alas, the Spanish civil war is not the last time the world to fight for the ideal, the $610000 proved that international socialist spiritual immortality. And then... The team lost contact the moment it started.

6 WCX

WCX is an exchange program, which is like a swindle like qianbao, which puts the bright seduction in front of it and makes many people who want to get rich know it is the pit and willing to jump.

Did not mention it in the white paper for themselves how to build, is in no doubt tones, vocabulary enough statements to repeatedly overwhelming absolute advantage - 98% of the dollar that is 0.1% cold storage, low fees, 1 million transactions per second, excellent technical personnel, support 20 languages, and so on, its purpose is to let people believe that it is really good, and have a desire to buy tokens.

After that is the key, it has set up a very high purchase rewards, buy the more money, the extra money, the more white paper in huge amount of poor tree to stimulate the nerve of the people, encourage people try to choose high level. At the same time, it promised 20% of exchange income as dividends to the scrip holders, the more you buy, the more you share, the more you buy, the more you send, receive a much higher, this cycle may give people a feeling of excess return, to build a good quality returns before big impression is increased rapidly, a lot of people seem to see the huge rewards, suddenly is simply just bought without ceasing, even as exchange don't even exist the content of the paper.

Story from the expected, after to begin operations had said on October 10th, the white paper, but in the days after the jump ticket in November, said November COINS bifurcate instability continue to jump, the end of December to date not continue to let a person look forward to, on February 13 and tweets everybody expect, under each content, has a long string of supporters with a hint of desperation in different days to write down the anticipation of inquiries, some people have already be decided that it is a scam, some people are still waiting for.

If they are going to take a look at the roadmap for the club's official website, you will find the task of October only half complete, basic in November and December are unfinished, 2018 1-2 months only completely didn't start a few red, march back basic doesn't even have the content...
1719/5000

7

conclusion

In this article, I use the information at hand to summarize and analyze the follow-up progress of the global ICO project from June to December 2017. It should still be able to see the status quo of the ICO industry to some extent.

The first is that the risks of ICO are very large, and the rational industry's view is similar. The vast majority of ICO die, this is a fair degree of consensus, but exactly how much would be, some people think that the figure is 90%, some people think that is 99%, it is relatively safe, but it could be too pessimistic. I will not rigorously estimate, in section 3 ICO completed more than 6 months in statistics, the activities of the project is slightly more than 50%, considering the project may hang some sites is financing failure should not be counted in the project itself, this ratio should be slightly tall, but not more than 60%. In this 60% project, only a part of the real sustainable development, I selected 50 projects in section 4 to carry out a one-by-one survey, in which the development status was slightly more than 50%. Due to the final success or failure can not be sure, the number of samples and no statistical significance of reference, we can put it another way, the 50 selected activities in the project, at least 50% of the project development work in guanzhou, it expands to all activities in the project, we put the number to more than 60%, so that only 40% of the project development work, still can be it should be more conservative. No more than 60% up to 40% of the activities of the project project development work until now is relatively stable, this is no more than 24% of the ICO project in financing after five months is still in a state of the development of the basic can be, how many, the last survival depends on personal view, the pessimistic view of ten places one is 2.4%, optimistic all retained is 24%, the middle is probably ICO project ultimately survive ratio, I personally think it's a quarter or can leave, perhaps one-third also no problem, that is 6% 8%... There seems to be no scientific basis, but only so much.

Then come to the "dead" ICO project, and according to the above data, at least 75% of the projects will eventually be aborted, which means that coinmarketcap's currency will go to zero or die on a large scale. Yet it didn't happen, it is because of ICO cowhide broken collective phase hasn't arrived, in 2017, is the age of ICO brag painted flowers, white paper can be used to start work for reasons or vague content for their fight for a few months to half a year's blank period, but in 2018, no matter how to want to take out dry goods deliver on their fundraising programme of work. Predictably, in the second half of the year or early June, as been feuding reason could not continue to use, the crowd began to wake up and there will be a large number of air and cowhide project unable to produce results, is hard to deceive the public and been tore down a painted skin, as they have been in the forefront, may cause the industry gradually awakening and delve into more projects are therefore found problems, likely to trigger a chain reaction quickly, the universality of the blank check crisis may in this outbreak, there will be a lot of people in the industry was surprised but found that has long been the currency, COINS, the best service in their cognitive word of mouth the value of currency are worthless a string of letters, the myth of ICO may be devastating blow when, this all to be vigilant in the heart, I think this crisis will come, perhaps is not far off.

Finally, I think, in spite of difficulties, chain block industry forward and upward trend has not changed, like the stock market in the 90 s, the Internet, the electronic commerce at the beginning of the 21st century, has experienced the difficulty and savage growth period of chaos, experienced a mythical rise and the bubble burst, eventually became an integral part of the reality. I firmly believe that block chain technology will be spread to the social life in the future, and now is quite a long way from the technical maturity should have way, in the process of the growth and development, ICO should will play an important role, if we are bullish about the future, that you should not worry about temporary setbacks, but should be sights in the long run, with the attitude of value investing in finding potential future star.

We should overcome the speculative sentiment, will not be rich greed drive, on the premise of normal life is not affected, keep a clear mind, to do more study and analysis, in order to protect their attitude is interested in understanding and thorough investigation project, away from the hype, pyramid schemes, such as air garbage project at the same time, encourage and support the efforts of pragmatic, good, serious and responsible team, after all, they are the cornerstone of block chain technology progress.

On the other hand, will the storm are not wholly bad thing, it can squeeze out of foam, douse the irrational emotions, to reflect on all participants, let the market to accept the lesson, calmly, and then into the healthy and orderly development.

I hope that this industry will gradually mature and develop fully, to effectively discipline, provide better to be all things to all people involved in the environment, or after many considerations, solve the technical difficulties and reality, for injection by rational guidance and normative management. Anyway, I hope most is out now with her gizzard the shadows of the industry, and give a good developer with the opportunity, let them and we are able to participate in and witness the growth of the technology, give prize opportunities and share life and the result of social development.
(Referencing to Network)