80% of ICOs are Scams - page 58. | Bitcointalksearch.org

Mr.grin

legendary

Activity: 1218

Merit: 1000

Quote from: Tallos on July 17, 2018, 01:10:05 PM

I hope that mine ICO in my signature is not. I am participant in this project for very long time, I have spent many hours by promoting them, so hope that I have chosen well Grin

.

I do not feel that so many ICO scam. well, maybe some of it is a scam. but investing is our will, so before investing, we must really understand this. well, i've also been hit by a scam from ICO, so that's been a very good experience for me at the moment.

Tallos

member

Activity: 182

Merit: 10

I hope that mine ICO in my signature is not. I am participant in this project for very long time, I have spent many hours by promoting them, so hope that I have chosen well Grin

.

forutba

member

Activity: 98

Merit: 10

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.

maucial

newbie

Activity: 112

Merit: 0

This can be true, but don't forget the other 20%. If you chose the right ICO, can be very profitable.

There are many interesting projects to check out and others not, so it's important to choose wisely.

Looking at the project as a whole and looking at the team behind it, is very important to make a correct decision.

If I can give you guys my opinion, I discovered an exciting ICO that is very interesting: RAWG.

Check out this great article by Sergey Ulankin, RAWG's Editor-in-Chief, where he explains what has been done so far and what will be the future updates:

https://medium.com/rawg/wp-bits-5-vision-and-current-state-69127bfbeb2a

The ICO will start in a short period and they are at the moment in pre-ICO phase. This is the ICO site: https://token.rawg.io/. It's a video game discovery platform that converts your skills into goods and services (the site is already working, with more than 57,000 games in the database) and, which is very interesting, they have already reached the soft cap.

Have a look and get some information while doing your own research!

Another interesting point: RAWG has already secured $5m USD, halfway to hard cap of $10m!

tylerderden

copper member

Activity: 1162

Merit: 1025

Quote from: Revi250cc on March 29, 2018, 04:15:06 AM

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 ...

There are many ICO that are announced on a daily basis on the forum and many of those goes undetected by the people here and those which gain some popularity and gets good rating on the ICO rating websites are from those projects which get listed on the exchanges and I also take part in the bounty campaign of those projects. But day by day it's getting pretty hard to differentiate between a legit and a fake project as the scam artists are also pouring a lot of money in the scam to make it look like a legit project.

Batzko

newbie

Activity: 112

Merit: 0

Quote from: blo8i on July 17, 2018, 12:03:24 PM

There are a lot of new exchanges which list tokens for a very low fee or even free. Now even scam ICO can hit an exchange more often.

And unfortunately that's not good. Or is it? If it hits the exchange then it's not that bad, you can see the volume and market cap and in the end stop loss can save you from big losses.

cece009

newbie

Activity: 178

Merit: 0

true that a lot of ico is a scam. I do not know exactly how many percent of the cheat ico. but I see a lot of ico cheats, but besides that there are a lot of good ico if you know and good luck. So we have to be careful in investing our money, reviewing the white book and their website, especially team profiles

JRACfromYT

newbie

Activity: 85

Merit: 0

Honestly there are loads of phony ICO right now and it even wind up hard to know those phony ICO in order to keep away from them. In spite of the fact that one of the approaches to know the numerous phony ICO is to ensure we get some information about them like knowing the correct the undertaking is about and perusing their whitepaper to check whether it is a commendable task and worth squandering the time on.

blo8i

hero member

Activity: 960

Merit: 502

There are a lot of new exchanges which list tokens for a very low fee or even free. Now even scam ICO can hit an exchange more often.

Auto756

newbie

Activity: 196

Merit: 0

I advise you not to risk and not invest in ICO if you do not trust the company. Now really a lot of scam projects.

oludare1

jr. member

Activity: 200

Merit: 1

All ICO project should has rules to protect investor from lose by program buy back token and burn token model, by this way developer can avoid big loss of their investor from big drop of token price. Regulation is also very important to make sure the project has awesome product and will manage by solid team. ICO market now to big in quantity but low in quality product, because they can issued and create token easily without any working product, many project does not continue to development the idea of project.

montreal

full member

Activity: 328

Merit: 100

I'm sure that no more than 40-50% are scams. I recently tested personally. Out of 10 old ICO, after a year, only 6 projects have developed and are still working Undecided

standards

sr. member

Activity: 560

Merit: 261

I agree that most ICOs are scams, but many investors are getting the benefits of ICO that has been successful and honest in the project.
I have been very cautious about ICO projects. I'd rather miss some good ones than be scammed.

Rammygold

newbie

Activity: 202

Merit: 0

Most ICO are scams especially the ones with airdrops that doesn't worth up to a dollar
Just using people and bounty hunters to get the awareness they are looking for.
After listing you won't be able to trade their coins because it is below one dollar.
Most of them are scam but not 80% let's say 70% or 65%.

Batzko

newbie

Activity: 112

Merit: 0

Quote from: tranquanghuy on July 16, 2018, 02:52:27 PM

I agree that the majority of ICOs scam, but I do not dare to declare in percentage figures. I think they are less than 80% and i hope with the advancement of time, ICOs selection to be tightened again, or there is a way to ensure the quality of ICOs. I think it's very important to restore investor confidence.

I agree with you, 80% it's too high. Also those stats are made in the past time, maybe the future hold more good than bad ICOs.

Faradeo39

newbie

Activity: 94

Merit: 0

In fact, the scam projects are much smaller. I think the scam projects are about 30%. But still it's a lot.

vitalskir

newbie

Activity: 168

Merit: 0

Now in the summer a lot of projects that do not reach the soft cap. I think the situation will be better in autumn.

tranquanghuy

member

Activity: 166

Merit: 10

I agree that the majority of ICOs scam, but I do not dare to declare in percentage figures. I think they are less than 80% and i hope with the advancement of time, ICOs selection to be tightened again, or there is a way to ensure the quality of ICOs. I think it's very important to restore investor confidence.

lumon2112

member

Activity: 210

Merit: 10

The revolutionary trading ecosystem

yes, there are a lot of cheaters here, but I get about 50% of the flavors, but I hope that this statistic will be improved))))

zorbit

full member

Activity: 218

Merit: 100

most of the ICO are scams.That's why people are more cautious about ICO now. now it is very difficult to find a good project for investment.

Topic: 80% of ICOs are Scams - page 58. (Read 12218 times)