Topic: 80% of ICOs are Scams - page 62. (Read 12240 times)
I fully agree that 80% of ICO is a Scam, and encourage people to invest in projects more carefully.
There are too much scam icos but not successful icos doesnt mean that they are scam, all icos cant be successful at the beginning. But if u do your research and u spend enough time for icos u can find right icos.
Yes, there are a lot of scammers now. And it makes me very upset. It seems to me that before they were much less. Now it is very difficult to find a good project for investment.
Recently there was an article and wrote that 50% of companies that used ICO were bankrupt
There are a lot of companies which don't know about blockchain at all but they organize ICO and try to get money. I think government should solve this problem. 
I think not as much as 80% is also a scam ICO. I think there are still many ico that are honest and also reliable. Itut depending on how you choose it. Before starting ico you should do your own research about ico project. so you can avoid the scam ico. That's my advice, so do some research first before investing in ico.
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 ...
Scam definition is confusing here. Projects can fail due to a lot of reason, but that doesn't mean cheating. But it's an interesting result that 8% of the project tokens getting listed in an exchange.
Recently there was an article and wrote that 50% of companies that used ICO were bankrupt
Seriously, there is nothing as saddening as investing your time and effort in a fake ICO. The rate at which we have Fake ICOs is alarming and the sad part is that there is no regulatory body to curb it....... There should be a body that can look into this before it goes out of hand..
Being clear, coin launches seldom are pure fraud. For me the concrete squeeze tends to be many times one atrocious business proposal.
The statistics are very terrible! I hope that people will very soon realize that we need a new model of fundraising that will very seriously show the intentions of people and people will also be responsible for what they are doing.
To be exact, we need a regulatory body, a neutral regulator, with very high credibility, able to rate ICO, and exclude those scam icos.Obviously, this requires an institution with funds and power as an endorsement.
Very truly but this percentage is high though we have some good ones and many bad one in this system, we can just say its 50 50
The statistics are very terrible! I hope that people will very soon realize that we need a new model of fundraising that will very seriously show the intentions of people and people will also be responsible for what they are doing.
I think that after some time only the figures will be clear when the projects either collapse or vice versa take off! now it makes no sense to guess, just wait and hope for success!
I don't think that the scam project is 80%, I think there are still many good projects out there and even over 50% of them. I think those who say a lot of ICO scam because of their own fault that they can't choose carefully, although it's hard to find a legit project.
Yes, the amount of scams is huge. I think regulators need to review many of the rules for investing in new projects and make them more stringent. It is necessary to strengthen the identification of the organizers of the ICO and control over the expenditure of money invested in the project.
I don't think the statistics is precise, but unfortunately lots of ICO turned out to be scam projects. And one question has occurred to me: so do they plan to be scammers from the very beginning or is it sometimes a spontaneous decision? Or maybe they face some problems of misunderstanding, cannot find a common ground and fall apart? I think, lots of people have heard about TEZOS project.. One of his developers just left with lots of money, but fortunately the rest of the team handled it in a great way and saved their project. But there are lots of similar but sad examples. What do you, guys, think?
This is probably very much, I think that statistics show fewer scams of projects, as a result today we still have a very small number of normal projects, and if they are, then in the end very many projects can not raise money for the project.
This figure is probably a little exaggerated. Most ICO projects fail, not because it was originally planned, but because they did not manage to create the intended product competently.
Now really a lot of scam projects. And to find a good project is very difficult. Therefore, most people buy coins on the market.
Yes, most projects turn out to be scammers. But we must be able to choose good projects. And I am confident that an experienced investor can find such projects.
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