Satis Group, the leading advisory group on ICO issues, classified the primary location of the tokens according to their quality to demonstrate a real picture of the actual progress of the projects. According to Satis Group's findings, almost 81% of ICO turned out to be fraudulent, and only 1.6% have real prospects for success. The Satis Group classifies ICOs from the first fund-raising offer until the appearance of the token on the exchange. Researchers divide the projects into the following groups: