80% of ICOs are Scams - page 110. | Bitcointalksearch.org

boyshx

sr. member

Activity: 574

Merit: 251

Sadly this is the case and we can't do anything about it but just try out our luck.

Quote from: jekyde on April 12, 2018, 11:50:42 AM

Yes, you are right. There is too many SCAM ICOs at this moment. But also you can find the most profitable ICOs. For example there is lccx.io - looks like promising exchange based in London. Well developed white paper, experienced team, located in politically stable jurisdiction.

I believe it has got nothing to do with the legitimacy of that ICO. I mean there had been many more ico's which claimed the jurisdiction in their region and also asked for the KYC docs to make the process more legit. However many such ICO ended up in scam or they ran out of the funds that they raised during the ICO phase. So it doesn't matter really in which country are you and where the ICO is being formed!! I have seen bigger project getting flopped after they were listed on the exchangers. So anyway they are mostly scam and you could just try out your luck to get at the top.

kasturi

full member

Activity: 322

Merit: 100

Quote from: Revi250cc on March 29, 2018, 03:15:06 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 ...

thank you for the information you shared because of course this will be very useful for many people
although the reality is a bit bitter but i will not stop trying to get money from ico and also the bounty because i am sure i will be able to find ico which is really nice

Haley craft

member

Activity: 196

Merit: 10

The Experience Layer of the Decentralized Internet

Although ICO is a scam, there are still many people who will invest in ICO, because it is a way for them to make money, so I think it is just a big gamble. I do not recommend participating in ICO.

ZaoXhou

sr. member

Activity: 467

Merit: 251

Quote from: hardhouseinc on April 13, 2018, 10:34:55 AM

I have read about that study and unfortunately many people are being scammed by ICOs so we need to be very careful

I bet many people also invest in very bad ico projects, and don't do research either.

hardhouseinc

sr. member

Activity: 672

Merit: 250

Most Advanced Crypto Exchange on the Blockchain

I have read about that study and unfortunately many people are being scammed by ICOs so we need to be very careful

dasha_buka

full member

Activity: 392

Merit: 100

In fact, probably even 95% of all ICOs are scammers. The problem is that any big money attracts scams, which then kill the ecosystem of the entire business. It's sad.

Everglow

jr. member

Activity: 287

Merit: 6

Why 80% despite of almost Grin

I thinks almost ICO in this time just was concept, and no thing can guarantee it'll become real in the future, ICO is same with Venture. The successful of ICO depend on Marketing, they'll attractive more investor

jekyde

member

Activity: 252

Merit: 16

Yes, you are right. There is too many SCAM ICOs at this moment. But also you can find the most profitable ICOs. For example there is lccx.io - looks like promising exchange based in London. Well developed white paper, experienced team, located in politically stable jurisdiction.

jerry29@

jr. member

Activity: 206

Merit: 6

Yes you are definitely right. I have found too many scammed ICO. They just only want to rob you as much as they can. But there are very good searches available to check whether a ICO is scam or not.
Do proper research before investing in any ICO.

Revi250cc

jr. member

Activity: 39

Merit: 1

Quote from: terlesbogli on April 12, 2018, 11:32:07 AM

Yes many ico's are scams they build a fake website and taking advantage their knowledge in crypto to scam people who don't know very well in crypto so peoples are scam. Nowadays it's hard to get a legit ico to join but research is the key.

I asked Ilfar as well, do you also have any good reputable sites for research?

Revi250cc

jr. member

Activity: 39

Merit: 1

Quote from: IlfarIldarovich on April 12, 2018, 11:25:45 AM

Those people who have more or less understanding of project evaluations can easily avoid scammers. The other thing is that most people are still naive and continue to believe the loud promises.

Ilfar do you have any links for checking ICO ratings? ..preferably sites with really good reputation:)

terlesbogli

jr. member

Activity: 155

Merit: 2

Yes many ico's are scams they build a fake website and taking advantage their knowledge in crypto to scam people who don't know very well in crypto so peoples are scam. Nowadays it's hard to get a legit ico to join but research is the key.

IlfarIldarovich

full member

Activity: 448

Merit: 100

Those people who have more or less understanding of project evaluations can easily avoid scammers. The other thing is that most people are still naive and continue to believe the loud promises.

Revi250cc

jr. member

Activity: 39

Merit: 1

Quote from: Ctn on March 30, 2018, 01:25:21 AM

Sadly researchers did not make any research on how to identify the legit projects with 99% accuracy or in fact I will put my stakes in may ICO that has 70% of chance for its success in the future. I mean that would be dream come true if there is any analysis that goes like that way, what do we have to loose if we are already loosing thosuand like that.

Also good news is we do have 20% of ICO that are in good position while 8% sure shot ICO which can make it upto the exchangers. Hm, I thought the era of ICO is already finished but there is still ray of hope mate. !

I think we're entering a whole new era RIGHT NOW. I'm newer than most here but what I've read and determined as fact, utility tokens and if you saw the April 10th, 2018 report on Golem - Wow + a ton of new players in the game like Zeex really blew me away, exactly what I've been waiting for:)

Angelia46

member

Activity: 238

Merit: 10

The Experience Layer of the Decentralized Internet

I don't quite agree with that.
Even if these projects are currently just hype, they could still be the top project in the blockchain in the future.

IcoGuide.com

member

Activity: 244

Merit: 13

Take a look at an article regarding scam ICOs on our website https://icoguide.com/en/blog/how-to-identify-scam-icos

hardalisas

full member

Activity: 294

Merit: 101

If an ICO without the ability or intention to follow its roadmap is considered as scam, more than 90% of ICOs should be scams.
Most of us know that, but we also know many ICOs will be pumped before it dies slowly.

wpalczynski

legendary

Activity: 1456

Merit: 1000

I'm really surprised about this percentage being so high.

I've been involved in quite a few ICO's and bounties and I've only encountered one scam in an airdrop/ICO.

I believe if you do your research thoroughly, you don't have much risk of getting scammed.

asstruz

newbie

Activity: 30

Merit: 0

Seriously, you are right because ICO that become successful nowadays is very small, what am looking forward to is that, there should be a regulatory authority that should be in-charge of ICOs.... At least, this will limit the scam of project. Am looking forward to that.

carlisle1

hero member

Activity: 2744

Merit: 541

Campaign Management?"Hhampuz" is the Man

Quote from: Revi250cc on March 29, 2018, 03:15:06 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 ...

so its not bad because for me its 95% ,and only 5% comes to trading exchanges..thats why if youre going to join a bounty,ico projects make sure readiness for being a victim is on youre way.then we have to be aware of that.though some of them becomes very successful and great profit awaits all of us.so just take the risk of dont get any

Topic: 80% of ICOs are Scams - page 110. (Read 12240 times)