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Topic: 80% of ICOs are Scams - page 10. (Read 12213 times)

sr. member
Activity: 1890
Merit: 252
The OGz Club
September 19, 2018, 08:24:52 AM
in my opinion no, the first is whether it is successful or not, the second is whether the dev manager leaves the project or not
those who lefted by the Manager is considered as a scam in my opinion, however there's a lot succes ICO out there
full member
Activity: 448
Merit: 100
September 19, 2018, 08:20:26 AM
in my opinion no, the first is whether it is successful or not, the second is whether the dev manager leaves the project or not
sr. member
Activity: 672
Merit: 251
Infleum
September 19, 2018, 05:38:53 AM
I don't understand those people who are now actively participate in ico, the time of superprofits is passed, nowadays it makes sense to pay attention to other sources of income, for example, the purchase of land in Decentraland.
sr. member
Activity: 882
Merit: 260
September 19, 2018, 05:36:48 AM
Ufortunately it is true and this is very sad statictics. Only 20% of ICOs worth to invest in , especially for a long term.
It seems to me that we have to be more deep in analysis to find those hidden gems!
Even i am not always investing in ico i still believe that there are more good ico over than the ico that is scam, i think there are still 55% of ico that is reaching there softcap and the rest of 45% of ico is just scam have no future.
member
Activity: 462
Merit: 10
September 19, 2018, 05:33:52 AM
Ufortunately it is true and this is very sad statictics. Only 20% of ICOs worth to invest in , especially for a long term.
It seems to me that we have to be more deep in analysis to find those hidden gems!
jr. member
Activity: 238
Merit: 1
September 19, 2018, 05:33:08 AM
Saw this study on twitter... https://twitter.com/Zeex_me/status/978981735101878272

I've seen a lot of people asking about how many legit ICOs there are, so I thought I'd share

Quote from the article: "The study begins by breaking down ICOs into 6 groups: Scam, Failed, Gone Dead, Dwindling, Promising, Successful. “On the basis of the above classification,” they wrote, “we found that approximately 81% of ICO’s were Scams, ~6% Failed, ~5% had Gone Dead, and ~8% went on to trade on a exchange.”

"Scams were defined by researchers as “Any project that expressed availability of [an] ICO investment (through a website publishing, ANN thread, or social media posting with a contribution address), did not have/had no intention of fulfilling project development duties with the funds, and/or was deemed by the community (message boards, website or other online information) to be a scam.”


DYOR people ...

I would say 50% of scammers, very sad, such projects exist. And besides, their number is growing every day.
sr. member
Activity: 424
Merit: 250
September 19, 2018, 05:30:07 AM
There's some truth to that. Many ICO projects are scammers. But there are those who have success.
full member
Activity: 302
Merit: 100
September 18, 2018, 04:50:27 AM
I have also seen reports that more than 90% of ICO projects will disappear or die, and the remaining 10% will also fail or be below ICO prices when they are listed!

I do not consider these figures to be correct. The whole point is that the market is now too bad for any projects. When the market goes up all these figures will also change a lot.
jr. member
Activity: 151
Merit: 2
September 18, 2018, 04:13:32 AM
I have also seen reports that more than 90% of ICO projects will disappear or die, and the remaining 10% will also fail or be below ICO prices when they are listed!
member
Activity: 252
Merit: 10
September 18, 2018, 04:02:23 AM
Scam certainly is present in the ISO but I think not in such terrible percentages as stated but I also get to such projects not once
newbie
Activity: 32
Merit: 0
September 18, 2018, 03:57:59 AM
Too many ICO projects have been launched, some are very good projects but others are in reverse and need some time to fix. Here are some basic tips to avoid scams from an ICO project. Regardless of the investor's willingness to participate in an ICO project, the first step is to consult and thoroughly research the project. When you do not find out but invest your money around the money will be around your money will accumulate a long time and waiting for some positive news from the project. And the opportunity cost for another ICO cryptocurrency will be lost. Any worst ICO project is when there is not any information such as new web, poor info, untouchable team, unclear features, etc., then that is something you should avoid... In general, if the project does not meet the criteria you need then there is no reason to put money in.
ICO Baanx is the first decentralized Cryptobank Network in the world, you should find out.
jr. member
Activity: 308
Merit: 2
September 18, 2018, 03:52:48 AM
what a shame! 80% scam and remaining 20% out of it 18% not even get the soft cap reached margin and only 2% successful now a days!  well ICOs legitimization should be implement otherwise lots of investors money going to dump like this! In early 2018 I lost almost $2000 in ICOs and my calmness took away! Its lot of loss for me! 
full member
Activity: 392
Merit: 102
September 18, 2018, 03:49:25 AM
I think this is a very large percentage you wrote, of course scammers are present but not in such quantity
A lot of projects remain out of our sight, and a lot of them are low-quality or scam. Token and exchange release don't make the project good, only working product turns it into the solid one.
full member
Activity: 462
Merit: 114
“The Future of Security Tokens”
September 18, 2018, 03:39:15 AM
Sadly, it is sad, but there are also good projects. To participate in a good project, you should study all the components in detail. For example, the team, the roadmap, the experience of previous projects, how much this project is relevant, the number of tokens and their cost. You can find really promising projects, but I agree that you need to introduce some kind of control to avoid such fraud and a huge scam
full member
Activity: 588
Merit: 100
September 18, 2018, 03:34:51 AM
No, it just can not be true, and I support people who think the same way, these are just not real figures from people who are probably just tired of being deceived, this also happens I hope that you will still start investing in the right projects.
newbie
Activity: 280
Merit: 0
September 18, 2018, 03:28:55 AM
of the many projects that you are working on, only a few are promising, most are scam projects. so you have to be careful to choose a project especially when you want to invest your money. do not be fooled by the amount of money that will be distributed to the bounty participants. check the team, advisor etc. it's quite helpful.
member
Activity: 308
Merit: 10
Lead generation one-stop shop platform powered AI
September 18, 2018, 02:18:27 AM
In 2017 the situation was not much better. The number of scam projects in 2018 increased due to the falling market. Even if the token is listed to the exchange, its price can be tens of times lower than the purchase.
newbie
Activity: 41
Merit: 0
September 17, 2018, 04:35:21 AM
According to my own observation and research on the encryption market, I also think that there are many ICO projects that are fraudulent, but I know that the total number of ICO projects is a few percent. I don't know the certain data. I suggest that you should be extra cautious when investing in ICO projects. The encryption market can set up relevant institutions to strengthen supervision.
sr. member
Activity: 560
Merit: 257
September 17, 2018, 02:17:29 AM
Fraud is in all areas of activity, especially a lot of scams in the field of investment. But this is not a reason to abandon investing in ICO, because many projects have really great potential for growth in the future.
jr. member
Activity: 108
Merit: 1
September 16, 2018, 07:22:31 PM
I agree that recently a lot of ICO projects are scammers. so now when the market falls, we do not see a successful ICO in which the price would grow
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