Topic: 80% of ICOs are Scams - page 113. (Read 12240 times)
Of the 10 ICO projects, 7 to 8 are phishing projects, 80% are very accurate. Selecting a good project is very difficult.
its true, due to the demand that gains when launching an ICO, many people are getting interested and also wanted to launched an ICO because of the bit profit that they might gain. but it becomes the starting point of scamming their investors, so better be careful when investing to avoid those scam ICO's
Many ICO projects take place daily and many of them are scam projects. In order to choose a good ICO project you need to find out thoroughly before deciding to invest.
People should understand that free cheese is only in a mousetrap. We are guilty of so many frauds. In pursuit of easy money, we do not notice the scam. I am sure that with the introduction of laws the situation will change for the better.
ICO is now a lot to play half why so? because so many fail not to know what happened maybe people will think that investing in ICO is difficult
It's an interesting statistic. Another report showed that 50% of all ICOs fail, but that does not mean that they are all scams.
Generally speaking, almost all ICOs are still ideas on paper without a real product/protoype. People are willing to invest their money based on nice ideas so it's logical that it attracts a lot of scammers. For the surival of this industry, it's good to have more regulation to make sure people don't get scammed too much.
Generally speaking, almost all ICOs are still ideas on paper without a real product/protoype. People are willing to invest their money based on nice ideas so it's logical that it attracts a lot of scammers. For the surival of this industry, it's good to have more regulation to make sure people don't get scammed too much.
Yes, you are right now a lot of Ico scams this is very in pity for ico future social media also forbids ico because they do not want to be a big deception bridge,,and things like this too making investors hesitant to buy and ultimately ico will die for fraud under the guise of ico and now so difficult to assess fraud projects or not..
I agree with the author. It is becoming harder and harder to determine which projects are real, which are scam. The situation with DENARO impressed me, because it looked like a very ambitious project. I even invested money in it. I regret very much that I did it.
yup you're right, also regarding centra which supposed to be an "amazing" ICO but the founder got arrested
so we should research well before investing
so we should research well before investing
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 totally agree with your opinion. Only a few ICOs are good, they do not want to cheat the money of those investors. They mobilize capital only for the purpose of developing their projects better. but also many bad people, they created the ICO and scamI'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 ...
Yes, the ICO now has become very muddy, more people want to make money quickly, and people who think for the future always take for something good and they have successful ICO
The truth is that, most icos are scams as they dont have a working product and they give vague promises and are there for the quick money
Even if one does their own research no one see whats going behind the ICO devs mind. Because creating a fancy white paper with pretty graphics and a beautiful website is very easy. And thats what most of the new people see and call it their research. One is better off just avoiding investing in ICO at all.
It depends on what we call the scam.
Perhaps 80% is even too optimistic estimate
The project developers don't know how to do any coding nowadays, that is why their projects fail. They can't just outsource while expecting their project to work. Perhaps 80% is even too optimistic estimate
Well, you may be right, but there are still some ICOs that are really great. I've witnessed lots of them even as a bounty hunter. There are also lovely ICOs that favors investors. So, it all depends on the manner of intelligence we execute in discerning fake projects.
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'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 ...
Unfortunately, I will dare to guess that this percentage is even higher. However, I will never say that there are no good and trusted ICOs. I know a lot of great projects that helped investors getting great profits.
Yes. Many ICOs are fake and scams. It is very difficult to identify a good ico. But ICO investment is the best way to make profit. You should have a good knowledge and experience to identify a good one.
If you want to invest in different ICO, you need have a lot of money, and start investing from 1000$ and more.
I think this is true. Because we are in a market that does not have strict management and strict inspection of licenses and certifications to operate in the crypto business. Therefore, any form or team can build and form capital mobilization. That means, it carries a certain amount of risk if we do not look carefully, we can lose our money.
That's why it would not be fraud and you need to register ICO. and about trading on the stock exchange, not everyone will be able to do it.
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'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 don't agree that 80% of ICOs are a scam.
However, there is a sense in the above.
Against the backdrop of the lightning successes of such ICO as EOS, Tezos, Bancor, the interest of startups to the crowdsales has greatly increased. Everyone, whom not laziness, began participating in ICO. Of course, this as a result adversely affected the market of crypto-startups as a whole. Triple of this effect was clearly reflected now, when the market met another regular correction
At the same time, as before, many ambitious and promising start-ups with real ideas and intentions are coming out to the ICO. Many don't get to finish what they started, but this is typical not only for crypto industry.
Jump to: