Topic: 80% of ICOs are Scams - page 15. (Read 12249 times)
There are a lot of scam ICOs around, but I don't agree only 20% are legit. Its more than 20% and scam ICOs are below 80%. It is not true that scam ICOs overwhelms legit ones on this forum.
I would say otherwise, most ICO simply can not provide a real product, they are trying to raise money for an idea, but very few people are starting to implement it.
I think that number of scam ICO's is that high. If some project fails for some reason (ex. if softcap is not reached) that doesn't mean it is a scam
I dont know the basis of their findings but I do agree with their statements. There are several scam projects out there and that is why I think in some few years to come there wouldnt be anything like ICO since all investors wouldnt be ready to invest. several other ICOs fail because they lack real life application and commitment from team.
Indeed, for now, projeck more fraud. they all had planned for a fraud to be able to benefit investors without being selfish. blinded by money
I am always impressed by the guarantee of a quick return on investment and a stable high income. If the interest rate on the project site makes you think that it sounds too good, then most likely it only sounds good. But in reality you can not see not only the promised fabulous payments, but also your own funds.
I dont know the basis of their findings but I do agree with their statements. There are several scam projects out there and that is why I think in some few years to come there wouldnt be anything like ICO since all investors wouldnt be ready to invest. several other ICOs fail because they lack real life application and commitment from team.
80% of projects today have really very negative feedback, but it may be that projects simply do not do anything because they do not want to withdraw money at such prices as today, because if a new wave starts, then projects will develop?
When prices go up will be much more good projects . Now many developers are migrating as many ICO investors are not willing to invest their money in ICO industry. Because at the moment the market drops, which gives a negative mood in the community.
80% of projects today have really very negative feedback, but it may be that projects simply do not do anything because they do not want to withdraw money at such prices as today, because if a new wave starts, then projects will develop?
There are certainly ICO tricks skimming around. To think of it as a "trick," The instigators should deliberately have no plans to assemble something, they just need to raise assets for their pockets. Truly, some may resemble a trick, perhaps it's since they are inept in the first place - simply equipped with elevated objectives in their whitepaper. Visionaries without aptitudes. I think many fall into this class. Hell, simply take a gander at Gofundme - there are numerous in there.
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 totally agree with this! Back then it's not like many ICOs are scams but for the past few months almost all ICOs are turning into a scam or should i say it's already a scam before we knew it was. So be careful in investing in ICO, it's not the same anymore
Scam projects are much smaller. But now about 50% of ICOs that do not reach soft cap. Or the price of a coin when entering the exchange is much lower than the price of an ICO.
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 ...
In my own opinion, there are still trusted ico's out there that will pay you a decent amount of reward if you are just going to find them and look at their white paper before starting to join.
Yes, I agree, now very much coins have sagged and because of this, few people invest in ico, projects do not even collect soft cap on ico , and a lot of scams
Yes, now there are a lot of scam projects, but I think such projects are about 30%. Now there are many not successful projects.
Don't know how many ICOs are scams but it is definitely pretty easy way to get million of dollars in exchange for just a fairy tale.
I don’t think so because most of the ICO are legit and if it is scaxm therefore the government itself make it banned forever through lots of scams, therefore this thing is false and gossip only.
Truly, numerous ICOs are tricks, however I truly don't believe that the number rate is around 80%. I figure it might be fifty-fifty. Yet, in the event that that is genuine in view of the genuine information, we should be more watchful. It is an ideal opportunity to pick the most confided in ICO to take an interest. I'm certain that there are as yet numerous great ICOs with a genuine item. hence, it is smarter to break down them precisely in view of the information and our exploration of the data on their web, whitepaper, and network.
I would even tell that all 98% in the current market of ICO are scam. Of course it also influenced those the remained 2% of projects, it becomes more difficult to them to raise funds for development of the idea.
yes, there are a lto of scams,especially here, amongst the ico-s. it's a too easy money collecting method so that's why they abuse it so hard
I am fed up with it. I sometime think that all the ico are scans.
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