Topic: 80% of ICOs are Scams - page 115. (Read 12219 times)
not 80% of the ICO scum, and even 95%. Everyone wants easy money and simply collects them. If you want to participate not in the scam project, I advise the effect.ai. effect.ai - is a decentralized network that provides services in the AI market.
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.
It is very unfortunate but it is a fact. The scam ICOs are even growing in numbers compared to the past years. Conducting an ICO is easier than traditional crowdfunding that's why it is a target of many scammers. I hope this will be regulated accordingly. Scam ICOs are one of the reasons why cryptocurrency is degrading and having bad reputation.
Plus you can create almost the same name of their social media accounts.. Sending links and false proofs thats legit.. Only copy pasted link in the original.. I was once a victim of it.. But i learn.. Now all i can see is when an ico is great.. I still do to take some risk.. After all you and you alone can enjoy ur profit when it boards.. 80% is too much for an estimate ive guess.. We never know what lies ahead of every ico's we invest with.. Thank you..
I think so too. people are just making ideas and collecting money for it. people are putting money on it. I think this system will change over time. I think solve is daico.
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 ...
For me, not 80%, let's just say at least 20% of ICOs I joined was scam. I'm just new when it comes to bounty campaign, out of the 3 campaigns I joined, 1 of them did not pay. I don't know, every people has their own experience. But my friend told me and this forum to study the project if it will be successful and it is active then you must choose a good bounty manager. 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 ...
Yes almost the entirety of projects relies on ICO in order to gain either huge or small amount of money. Some use it in order to contribute to their project and do it for in a good cause. Others, run away with it bringing the money of the investors and sooner or lately will abandon the project. These kinds of ICOs destroys projects who have good intentions. They might be victims in a "crossfire" and people will avoid them if ever.
This is why ICOs are getting banned on social media platforms and ads. It is just a shame that even good and legit ICOs are getting affected by these scammers. They are destroying a good platform for new businesses. That is why I agree if ICO gets regulated to at least restrain some scammers. I know scammers cannot be stopped from doing ICO scams but at least it can be lessened.
I agree with you sir!! now i'm interested to know how will ICOs get regulated?? Doesn't regulation require centralization? where can I go to get news about this?
I think 95% of the ico is fraud, which is to defraud the investor's money, and then increase the encryption price, and investors buy more expensive encryption to lose money.
With this post, i understood that you are just a guy who joined this forum to shit post, you clearly do not even know anything about cryptos.
"encryption" you clearly meant "cryptos"
Just that you do not know how to write it.
I think 95% of the ico is fraud, which is to defraud the investor's money, and then increase the encryption price, and investors buy more expensive encryption to lose money.
if a scam is a whitepaper that will never happen you can assume 90% are scams or greater regardless of their intentions. The teams are unrealistic at best or outright scammers at worst. I would say eventually investors will be terrified to go near anything that is not almost complete.
Yeah I totally agree. Do you think that regulations are coming? I mean do you think eventually it will work like the venture capital world works? It would be hard for a scam business to get investors... how is this different I wonder.
Thank you, good sir
Yes they are, and they are making mess at the crypto market, people are confused and governments are worried.
So true. All my friends now think that "crypto currency is a scam" and I can't even
I'm not surprised with that ratio, and actually thought it was something closer to 90% being scams are failures and only 10% getting listed on an exchange. ICOs carry the largest risks in an already high-risk crypto world. It's also why they can be the highest rewards, with 5x as soon as they hit an exchange. The best investors could filter out all the junk ICOs.
According to this logic, it turns out that 20 percent are successful. This is in my opinion a pretty good percentage for startups))
Why is everyone getting at ICOs forgetting about the 'scams' that existed for ages? I mean all kinds of investment and gambling. Yes, for me they've got much in common, and I'm not averse to either.
Investing is always risky and always calls for analysis. If you are not able to analyze, don't turn your hand to ICOs, trading, gambling or anything including an element of uncertainty.
Make a bank deposit and earn your modest 1-5% a year.
Investing is always risky and always calls for analysis. If you are not able to analyze, don't turn your hand to ICOs, trading, gambling or anything including an element of uncertainty.
Make a bank deposit and earn your modest 1-5% a year.
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 ...
Well that's somehow not surprising because ICOs received a lot of hype last year. The upsurge of the price of bitcoin last year made a lot of people invest in anything at all thinking that the trading price will be huge and they'll overearn. That also motivated a lot of people to come up with 'shitty' projects just to get investors money and that made them run away. But it seems the tables are turning this year. The price of bitcoin has been reduced by a very high percentage off its record high, and there's no hype. Twitter, Facebook and Google are also going to ban advertisement for ICOs so i think this year the ICOs that shall stand will be highly succesful. Because people will think twice about investing, and also very few people will be investing.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 ...
And by the way, every research is subject to delimitations, the result is highly affected by the type and number of ICOs selected. We need more research on such things to draw a logical conclusion.
Unfortunatly that's how the ICO market looks like at the moment. Unregulated and too easy for anyone to create a nice whitepaper, website and an ANN. Pretend that you have a great product that are completly revolutionary and you can easily raise $10 mill.
I wouldn't say that 80% of ICOs are scams but there are a lot of under performing ICOs which people end up calling scams but in reality they just have a team that can not deliver on their promises. Always research in the team before investing in any ICO.
Agree than 80% or even more ICO are scam! You need to choose ICO who have been analyzed with due diligence by analysts. CryptoCompass is displaying ICO projects at presale stage with good entries. They don’t pool but agree on exclusivity directly with the ICO team. So no additional risk from the investor side.
their new ANN : https://bitcointalk.org/index.php?topic=3178063.new#new
website to claim access : https://www.crypto-compass.io/
their new ANN : https://bitcointalk.org/index.php?topic=3178063.new#new
website to claim access : https://www.crypto-compass.io/
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 ...
Will Maybe all of this your statement and researches is true,because mostly all ICO project platform thats already happen now,maybe we could not directly said to them a scam but as your said its divided into 6 groups,and maybe thats the one things happen now into two of my bounty campaign and ICO joined,first they asking an KYC ,but in the end you can gain nothing,while in other side theres other they give your token,but theres no trading exchange that we can make a transaction. 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 ...
This is why there are so many reasons why social media block crypto services on their platforms, even they themselves do not know the ratio of ICO to be successful and vice versa, there needs to be a special project to accommodate them all to become a trusted ICO/platform that really pays attention to things details
the main problem at this time is the rating is not very effective, at least there should be a commitment fee between the developer and escrower.
the main problem at this time is the rating is not very effective, at least there should be a commitment fee between the developer and escrower.
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