Topic: 80% of ICOs are Scams - page 19. (Read 12215 times)
Actually same happens in Kickstarters , most of them fails and only few take big share of marketcap . If you study a project hard enought then its kinda easy to find scam project . Ofcourse there is some projects who raise funds and everything looks legit . They got listed in exchanges and got working office , but thats actually all what they do . Make people think they do something , while spending raised funds .
Most ICOs were done in 2017, so they were not given enough time to prove their reliability. There is a big number of scam ICOs, but it is unfair to classify some as scam for unconvinced reasons.
In my opinion, many ICO have a weak potential for promotion. Also a lot of scams. Try the best to learn from your ICO.
The existence, interest and popularity of ICO is remarkable day by day. The bitter fact that with the growing popularity of ICO is accompanied by the many ICO scams we have to accept with patience.
I have been following dozens of ICOs since more than two years ago, the first time I invested ICO was Chrono Bank, then We Trust, Edgeless, Minexcoin, Populous, Bitcad and so on, and of course the scam was an investor risk but this made us more careful in placing money.
I think most ICO's are risky, and many projects that were meant to be fraudulent from the start are unavoidable for knowledgeable investors. While not all failed ICO's are scams, most of us think of them as scams because they can't get the job done.
ICO is the process of promoting and attracting investment capital for the project. There are many good ICOs and there are also many scams in the market. 80% is difficult to determine. That we can say that there are many scams ICO in the market. Therefore, investors need to study, consult and make the most accurate choices to invest.
One of the cases of the scam is when the creators initially do not want anything other than raising funds.
There are cases when the creators for one reason or another come to the bench already as a result of the ICO or the subsequent work of the project.
In the first case, scammers knowingly do everything to get more and disappear more quickly. In the second, the possible losses of investors are connected with the creator's lack of will, with a quarrel within the team, with banal greed.
There are cases when the creators for one reason or another come to the bench already as a result of the ICO or the subsequent work of the project.
In the first case, scammers knowingly do everything to get more and disappear more quickly. In the second, the possible losses of investors are connected with the creator's lack of will, with a quarrel within the team, with banal greed.
80% is too much but I think you include here the projects that are late and that not respect their deadlines and distribute the funds to the bounty hunters very late and with a lower value of tokens.
But it's true that there is no regulations in the new ICOs that are being "invented" every day and the number of them is being increased exponentially.
I can choose right words here because it is just awful, I can't belive that we have such great ptoblem with scams. I hope there will be the solution in the nearest future.
Yes, now scammers are actively using ICO projects for deception, This is a very big problem for investors and members of the bounty. There are a lot of projects, and it is difficult to immediately see the scammers.
Even now, the number of scam ICO'S that are in existence might be even more than 80%. We just have to be careful when investing in these ICO'S or participating in their bounties.
Yes, a lot of divorce , I think you must be very good to monitor the projects , there are very few projects that even collect soft cap
You are partly right, now everyone who is not lazy creates his own ICO. Someone has a really interesting promising projects, and someone just wants to make money a fraudulent way.
One of the cases of the scam is when the creators initially do not want anything other than raising funds.
There are cases when the creators for one reason or another come to the bench already as a result of the ICO or the subsequent work of the project.
In the first case, scammers knowingly do everything to get more and disappear more quickly. In the second, the possible losses of investors are connected with the creator's lack of will, with a quarrel within the team, with banal greed.
There are cases when the creators for one reason or another come to the bench already as a result of the ICO or the subsequent work of the project.
In the first case, scammers knowingly do everything to get more and disappear more quickly. In the second, the possible losses of investors are connected with the creator's lack of will, with a quarrel within the team, with banal greed.
It is sad that this is happening. Earlier as the project was created, it was often credible. It was easy to check if we would not be cheated. Now it's a question mark ...
Yes, unfortunately it is. Now we have to be very attentive to the choice of ICO. At a minimum, use specialized platforms and collect as much information as possible.
I do not think so that 80% fraud. Based on my experience, I had a large number of projects. And I found almost no one bad. Maybe I'm lucky with good projects. And then I wish you success.
Even more than 80% imho)
The percentage of scam projects is really very large and today there are projects that spend money collections but already look like scam projects. I think that today many people have already learned to distinguish a scam from not scam projects.
now when the market is falling we really see that many coins have lost their value
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