Topic: 80% of ICOs are Scams - page 40. (Read 12240 times)
Therefore, before investing in ICO or other coins, I advise you to study all information about the company.
So I stopped investing in ICO. I'd rather buy a coin on the market because it's less risky than investing in ICO.
We need to learn to identify good projects, as 20% remain very promising for development.
Now there are a lot of projects. But the market is not positive and the investors do not want to invest. Even a good project is very difficult to get softcap. So there are so many unsuccessful ICO
I agree with you, It is very difficult now to earn good money on ICO, only strong hyip projects can give you profit in a short-term.
This can only work in the short term, or the project should be very strong and there are no such ones on the market right now. Now it is more profitable to buy coins on the exchange after the listing.
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 ...
Yes, you are correct as of now thier are a lot of scammed ICO they corrupt all our money. That's is why we need to do a certain research before we decided to choose that ICO. So that we will know that they are purely legit ICO.
I am afraid this is really true.
80% if ICOs seems to be a scam lately.
I particulary hates those who will take your money and in the case soft cap is not reached, don`t want to return it.
Scams are everywhere.
Be carefull guys.
80% if ICOs seems to be a scam lately.
I particulary hates those who will take your money and in the case soft cap is not reached, don`t want to return it.
Scams are everywhere.
Be carefull guys.
yes you are right
must be careful to enter ico
we need very strong research so as not to be deceived by bad people to scam
Now there are a lot of projects. But the market is not positive and the investors do not want to invest. Even a good project is very difficult to get softcap. So there are so many unsuccessful ICO
I agree with you, It is very difficult now to earn good money on ICO, only strong hyip projects can give you profit in a short-term.
Yehh, that's a huge issue. I think this is the reason for governments not ready to accept crypto currencies.
The government is really afraid of taking large-scale crypto-currencies, I think that this bud has greatly reduced a lot of scam. 
In 2017 ICOs collected a lot of money, so greedy people come to crypto. And now we can see, that really near 80% ICO are scam. Investors do not want bring money and a lot of projects cant collect even softcap. BUT, i think that scam is not only unfair project, but it is project, that cant get listing on exchange, has weak development, does not hear investros.
Why do you so optimistically) I think 98-99% won't made their investors reach) About real scum I think about 10-20% of total ICOs are real scum, not more.
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.
I am afraid this is really true.
80% if ICOs seems to be a scam lately.
I particulary hates those who will take your money and in the case soft cap is not reached, don`t want to return it.
Scams are everywhere.
Be carefull guys.
80% if ICOs seems to be a scam lately.
I particulary hates those who will take your money and in the case soft cap is not reached, don`t want to return it.
Scams are everywhere.
Be carefull guys.
investments are big risks . before investing in ico, you should be well-versed in them
Yes, I agree most of them are phishing. One of the ICO's plots is Bitcard, a startup that promises developers a smart contract platform and biometric testing that will break and overhaul current business practices. Shortly after the ICO closed, the project was disbanded and the investment was never recovered. So we need to choose the project that we want to participate in
maybe it can be said like that, but there are still many ico who succeed. it seems like you don't need to say that, because we don't know for sure. I followed ico several times and always got results.
Allocating 80% of all ICOs to be scam is a great blow to the crypto industry as it can cause panic in investors who might wish to invest in cryptocurrency. ICOs becoming unsuccessful does not necessarily means it is scam, perhaps it was managed by inexperienced team without any expertise in crypto.
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 ...
maybe with what you convey it can make other investors more careful in choosing ico more thoroughly and maybe it is the risk that we will get in the investment 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 ...
ICO scam is much less than 80%. But anyway before I advise you to check the information about the company.
We may have hundreds or thousands of ICOs, those that will eventually succeed might not be up to 5%. There are some developers who already know that their project or coin cannot succeed, yet they will try all means to make their money before abandoning the project.
According to the study, total funding of coins and tokens in 2017 amounted to $11.9 billion. $1.34 billion (11 percent) of ICO funding went to scams, the vast majority went to three large scammy projects; Pincoin ($660 million), Arisebank ($600 million), and Savedroid ($50 million), which together equal $1.31 billion. This suggests that while a large number of ICOs were scams, they received very little funding when compared with the industry as a whole.
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