According to the study, total funding of coins and tokens in 2017 amounted to $11.9 billion. $1.34 billion (11 percent) of ICO funding went to scams, the vast majority went to three large scammy projects; Pincoin ($660 million), Arisebank ($600 million), and Savedroid ($50 million), which together equal $1.31 billion. This suggests that while a large number of ICOs were scams, they received very little funding when compared with the industry as a whole.

STEEMIT is a platform similar to Reddit where you can share your content. Its platform is known as STEEMIT. This platform is just like Reddit and Medium, allows you to share content, upvote, and network. But here, it pays the user for their participation in the form of cryptocurrencies.

The bear market that is happening is causing crypto anthusiast to experience severe stress and depression,  the funds invested in crypto are decreasing in price, and there are even investors who experience bankruptcy,  hopefully this bear market will soon end

Cryptocurrency is a type of digital currency that uses cryptography for security and anti-counterfeiting measures. Public and private keys are often used to transfer cryptocurrency between individuals. This means users must reach a consensus about cryptocurrency's value and use it as an exchange medium.

NEM is one of the oldest cryptocurrencies, started back in 2014, and one of the most valuable, with a market cap over $15 billion, but it’s also one of the least talked about. That may stem from its origins in Japan, but over the last few years, it has expanded its reach to Asia, Europe, and beyond by forming partnerships with major corporations around the world to use the private version of the NEM blockchain. While there are many new cryptocurrencies that have begun working on ways for large businesses to incorporate blockchain technology into their systems, NEM is much further along and has a working product already being used. With each new customer, NEMs reputation, and its market cap is growing.

Monero is the world’s first private, secure, and untraceable digital currency of the internet. Launched in April 2014,  It can be said that Moreno is like a more confidential Bitcoin. Monero is not just another clone of Bitcoin’s core code. This cryptocurrency is made from scratch. Monero was originally launched under the name BitMonero. This word is a compound of Bit (as in Bitcoin) and Monero (literally meaning “coin” in Esperanto). However, the community opted for the name to be shortened to just Monero five days later.

Ripple is a San Francisco-based technology company with more than 200 employees. With a focus on providing cross-border payment solutions, Ripple also has offices in New York, London, Sydney, India, Singapore and Luxembourg. Ripple’s main aim is to create a global settlement network that ensures more efficient transactions between the world’s financial institutions. The platform is designed to allow users to transfer money from any currency to any other currency in a matter of seconds, anywhere in the world. This is an ambitious goal meant to eliminate the need for older systems like Western Union or SWIFT.

Bitcoin, often described as a cryptocurrency, a virtual currency or a digital currency - is a type of money that is completely virtual. It's like an online version of cash. You can use it to buy products and services, but not many shops accept Bitcoin yet and some countries have banned it altogether. The physical Bitcoins you see in photos are a novelty. They would be worthless without the private codes printed inside them.