Topic: 80% of ICOs are Scams - page 20. (Read 12215 times)
I recognize to you that 80% of ICO ventures have fizzled and that these undertakings are intended to catch financial specialists' cash straightforwardly or in a roundabout way. Activities can gain tremendous measures of capital, however designers don't influence guarantees to speculators and continuously to take away all the cash from financial specialists. Building up an item is hard and takes quite a while... offering and promoting it takes much more
Yes over the time lot many ICO's are proven to be scams. However, that does not mean that allICO's are scam or such a big percentage like 80%. To comment on such a view you should come up with facts and numbers. What is the source of your research? Does your research include all the ICO's since the beginning like ETH or just during the midterm like ICX or NEO.
Scam is the biggest problem for the crypt and it seems to me that in the first place we should try to do something in order for the crypt to develop.
80% Scam? I think only 50% of scams and 40% failed this year. only a few ico projects are successful and have value on the exchange.
I also see it this way, you have to make a distinction between projects that are performing miserably and projects that never intended to do anything else than to raise funds.
80% Scam? I think only 50% of scams and 40% failed this year. only a few ico projects are successful and have value on the exchange.
I think that not much of these projects intended to become a scam project, it is just that some projects are planned very poorly that they fail or their developers leave the team making them fail to deliver the tokens to investors and bounty participants making them think that they have scammed them.
Yes, I feel that, every time I participate in an ICO project I always find an ICO project that ends SCAM. In the past few months I have participated in many ICO projects and only around 25% have succeeded and distributed the coins, but of that 25% only about 10% were successful in the release of the big exchnger. I am very pessimistic now about ICO projects.
I think that fraudulent ICO is much less. According to other studies, they are about a third, still as many as failed. This is a more real figure. It roughly corresponds to my practice, although by my calculations, fraudulent and failed ICO campaigns will have no more than 40 percent.
there are many things that make ICO fail. one of them is sales that are not on target. maybe with many new ICOs circulating making investors divided, along with unfavorable market conditions, many investors prefer to invest in coins compared to ICOs. so I'm sure if the market recovers, the ICO failure rate will also increase.
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 ...
Interesting topic, it's a pity that I did not notice it before! I think that in fact, things are even worse, and despite the fact that 8% of the projects go to the exchange and are traded, 6-7% of them will die in a year without achieving any success! So the statistics are very discouraging, but this is not an excuse to give up and stop working!
But now, at this time , I think we have to carefully select projects , at the expense of 80 percent, I agree.
Selection of a project is always the top most thing.
But now, at this time , I think we have to carefully select projects , at the expense of 80 percent, I agree.
Yes, that's right that most of the ICO are scams. But everything in this world works the same for me. 80% of the people whom I contact with are also scams. This is the truth... But this makes this world more interesting, cause you have to chose who to work with and what to invest
I think that in general, this analysis can be compared with the Pareto principle. Well, I agree that such a percentage of successful companies is not only in the cryptocurrencies. The things are about the same in any business sphere. There is 1 successful company on 30-50-100 unsuccessful! This is a normal situation!
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.
I think yes most of ICOs are scams but not all. In additional, if there are 80% of ICOs are scams so we have 20% of chance to join legit ICOs. So, keep participate in ICOs but you should check their projects before join any ICO.
unfortunately this is so, we can not change anything. Maximum you can stop to invest
In general, I consider ICO to be a very necessary and useful activity, regardless of the presence of such fraudulent cases.
in these days, some of published icos whitepapers are just copied from anothers. the same sentences same sections and same chapters. stay away anyone of them. icos are only the easy way to earn money. i invest little of my portfolio to icos already made a MVP or working demo.
There are definitely ICO scams floating around. To consider it a "scam," The instigators must intentionally have no plans to build something, they only want to raise funds for their pockets. Yes, some may look like a scam, maybe it's just because they are incompetent to begin with - just armed with lofty goals in their whitepaper. Dreamers without skills. I think many fall into this category. Heck, just look at Gofundme - there are many in there.
80% of ICOs are Scams - so you need to analyze the projects yourself and study the team, check whether they are real people.
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