We cannot actually expect success in any of the new ICO due to several problems faced by a lot of them. First their too many competition on their part, there are less investors to gather around because there are so many new projects that we thought was good. Second the market had been in its worst since dropping prices had been so common with the bearish trends. Third so many ICO had turned out to be just a scam which makes their possible investors fear that they might be scammed as well and so the market goes low. Because of these people are moving away and ICOs left uncertain but there are those that have made themselves big. It is actually up to how the team have manage to promote their ICO. If these people are really scammers they should be taught a lesson. Legal actions should be done to them.
A few rotten apples have ruined the ICO space for everyone 🖕🏽 Because of them(fraudsters like Reuben and Godfrey), no sane person will invest serious money in an ICO, and institutional investors and funds will not even suggest it their boards. So the victims of these rotten chicken thieves, extend far beyond just the investors, bounty participants, contractees and staff who were directly involved! This is the knock-on effect of criminality, often overlooked and neglected. If you read those articles about Godfrey, how he’s been involved in numerous scam projects globally throughout the years, acting with impunity even in the early days in Ireland, it will give you a better understanding of the extent of this problem. Think of the countless brilliant young entrepreneurs, who could have had the opportunity to get their ideas into a reality through using an ICO. Now we will never know if ICO’s could have given birth to the next Mcrosoft,Tesla.IBM etc. etc.
It makes me sick just to think of it, all the advancements ICO’s could have brought to developing countries and new technologies, all ruined by a handful of greedy rotten conmen like these two dickheads🤮
That is why everyone in crypto who is not busy scamming others, should take a stand!
You can start by exposing them to the world, by sharing these articles everywhere across board! You can watch out for new scams that they try to launch, and warn people early. You can call out all those fake ICO ratings agencies, and ask them wtf? And to those who were directly affected, instead of just bemoaning the situation, take the time and do the little effort it takes and report them to the relevant legal authorities(just scroll back, all their details are posted throughout this thread) and demand action and justice!! Then make sure you warn others, and share these articles too!