Table 6. Project quality and ico and project characteristics.

	N	Mean	St. Dev.	Q1	Median	Q3
Panel A: Project Quality
Management Team	2,131	1.917	1.879	0.000	2.000	3.800
Vision	2,131	1.943	1.894	0.000	2.000	3.875
ICO Profile	2,131	3.166	1.027	2.400	3.100	4.000
Panel B: ICO and Project Characteristics
Team Size	2,131	10.554	7.808	5	9	15
CEO Legacy	2,131	0.233	0.423	0	0	1
Pre-ICO	2,131	0.439	0.496	0	0	1
ERC20	2,131	0.673	0.469	0	1	1
Legal Tender	2,131	0.097	0.296	0	0	0
Major Cryptocurrency	2,131	0.817	0.387	1	1	1
U.S. Restriction	2,131	0.138	0.345	0	0	0
KYC/Whitelist	2,131	0.258	0.437	0	0	1