Topic: 80% of ICOs are Scams - page 37. (Read 12249 times)
trick is constantly expected in developing business sector, for this situation ICOs. Simply be watchful on choosing an ICO where you would spend your cash, and for abundance seekers, your chance and exertion. The key is to direct some examination, audit their activities, whitepaper, guide and so forth additionally search for confided in administrators they most likely deal with a genuine ICOs.
It is true that there are more and more ICO projects that have ended in scams. I have also entered several scam projects several times.
I think this will have an impact on the reputation and level of confidence in cryptocurrency, cryptocurrency is very safe in storage, but there are many scams, so we need to be careful, hopefully there is a scam inspection agency to guarantee cryptocurrency users.
I think this will have an impact on the reputation and level of confidence in cryptocurrency, cryptocurrency is very safe in storage, but there are many scams, so we need to be careful, hopefully there is a scam inspection agency to guarantee cryptocurrency users.
Sometimes I think that more than 80% ICO is a scam! It is awful and if it will be so in near future I don't know how will we make cryptocurrency more popular.. 
Many of the ICO that the scam but did not reach 80%. I myself until today never get ICO scam. Many of the projects that I follow to achieve success even though when entering the stock exchange price of the token is very cheap. You have to keep doing studies of ICO, so you can get a good project.
The presence, intrigue and notoriety of ICO is striking step by step. The unpleasant certainty that with the developing notoriety of ICO is joined by the numerous ICO scams we need to acknowledge with tolerance. In any event of the numerous ICOs there are still some genuine ones, and we need to enhance the abilities for particular and pick ICO.
There are many ico nowadays. Some become successful because of the dedication of the devs to that project, some are really has a potential because of the good platform of that ico and there are many ico now that are scam or failed to collect enough funds .
First, your post is posted in the wrong section.
Second, most ICO projects are just hype, which is why countries are adopting laws to restrict ICO.
Is there a way to stop this Hype? Too much shitcoin that only makes the developers get personal benefits. It doesn't make much sense when there are too many ways of payment circulating in cryptocurrency and most people don't know its function Second, most ICO projects are just hype, which is why countries are adopting laws to restrict ICO.
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.
We cannot deduce how many percent. Because until now we don't know where the ICO project runs a scam or are going to be successful. Because this project depends very much of the proceeds of the token. While this sale could not predict whether it will be successful or not.
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 ...
Fraud or not actually depends on us who choose. In the current era, I think it's embarrassing if you are still exposed to fraud, because a lot of media that we can get to determine the best ico. Be an intelligent player.
I think with posts like this, the consciousness of investors will be re-awakened and a lot of research would be done before parting with your hard earned money only to invest in a scam project. Few years from now cryptospace will no longer be a hub for these scammers as people are starting to learn from previous lessons everyday and sight this scumbags from afar.
Such are the realities of the modern world, we have to choose very carefully the majority of projects and only a few can be successful. You correctly say that 80% of the projects are scammers.
Agree! I think a ton of projects that are coming out, ICOs, are just using blockchain to ride the hype. I always ask myself this simple question before investing in anything ... "could this project work with Ethereum as it's base currency?". If this answer is yes, then I do not invest. No reason to have thousands of different tokens when they could just as easily use Eth instead.
Yes, recently I do not see successful ICO, all new ICO are some unpromising and I can say in advance that you should not expect success from such projects.
It is very difficult to choose a good ICO, sometimes my friend helps with the choice, he is in this business longer than me and has a good experience in recognizing scams, everything comes with experience.
You call the exaggerated figure in fact the number of frauds is much less. At the moment, I've had a pause in investing because of the lack of a lot of free money.
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 ...
This year many icos are scam, because of market, because of easy money, because of regulations, so just choose your investments more wisely and dont invest into shit coin. 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 bought 2 ıcos in december and still waiting for them to list in an exchange.They stole our money and all team is lost now.Think twice before investing an ico.
Yes, now there are a lot of projects that will be skipped. And it's not just that they run away with money. The point is basically that they lack a strong team, a clear idea, good PR. Most of the projects that are starting to collect money are doomed to failure ...
Now there is a boom in holding different ICOs, and you can get on dishonest people who want to raise money. Also, many projects do not collect the right amount.
Jump to: