Topic: 80% of ICOs are Scams - page 67. (Read 12251 times)
Yes, there are a lot of scammers now. But we must be able to choose a very good project among scammers. To do this, you must constantly study the crypto currency.
There are a lot of scammers on the market. That's why you need to be very careful when choosing a project in which you want to invest. Besides, the implementation of the blockchain is not as simple as it seems. Many projects promise more than they can.
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 ...
From my own experience. It is even higher, probably 90%.
ICOs success very much depend on the leaders. Even the legit leaders can fail just like any one of us can make mistakes.
Statistic that represented in article is true. I am talking about it because of my own experience. Some period in a past I had been participated in many ICO projects. And only a few brought me any results.
I don't count myself - but must be that's true. And this situation has bring nagative to another cryptocurrencyes and make for them a bad reputation. I think that situation will changes in nearest time, whe communitu became more wisdom on this market.
not all ICO is a scam because in fact there are so many ICOs or projects that have been successful so far and a few that I think are scam, and that certainly does not make us to panic in investing in ICO, even though there are such incidents
not to get on a scam project - you need to carefully check all the social networks and read the whitepaper
from what I am observing right now, many ICOs are scamp, and most of the cause is due to lack of funds or sellers who do not reach the target. and there are good ICO vendors but the team does not develop the project well. so now we have to be more careful in choosing ICO observe every aspect of starting from the development team and also the concept.
More and more projects appear on the market, and the percentage of fraudulent projects is growing. The market is now similar to the Wild West - no rules. So you have to be careful and cautious. But if there were no such risks - there would be no such profits! For this we love crypto-currencies!
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 ...
81 percent is quite alarming. Whether the study has 70-90 percent accurate it doesnt matter, its obvious that there are a lot of fake ICO's today. This is why, we follow every necessary steps to follow guidelines and to determine what is real or not. We study the project first, research a lot, read their whitepaper to know the details of their platform, check their website and their social media pages, check the number of participants and investors. Then by doing that you lessen the probability of getting into a scam.
from what I am observing right now, many ICOs are scamp, and most of the cause is due to lack of funds or sellers who do not reach the target. and there are good ICO vendors but the team does not develop the project well. so now we have to be more careful in choosing ICO observe every aspect of starting from the development team and also the concept.
I even want to say that at this time, perhaps this figure is even higher than 90 percent, since for a long time I can not find a good project, so be careful in choosing a project
just so for the time being in the market I do not see any good proet which can really raise funds and then develop and grow in price, so be very attentive when choosing a project
I advise you before investing in ICO to study the company. And I advise you not to invest all the money in the ICO.
It can't be denied that most ico are very hard to be trust for. But still there are still few of them can be a tools for us to earn here, as long as
they know how to choose good ico in the forum. And to be honest, it hard to distinguish on which of the ico is not true they are very difficult to
guess in, so much better to be careful as much as possible.
they know how to choose good ico in the forum. And to be honest, it hard to distinguish on which of the ico is not true they are very difficult to
guess in, so much better to be careful as much as possible.
Unfortunately yes it does, only few of them is real project with real product and real team. Its really hard to find one of them and stay away from scams. Just be careful there are really project that really worthless.
that's true, almost 80% or higher of ico's are scam, it became in demand, and most of icos are being used by the scammers to collect more money from the community.
Yes, that is correct, over 80% of the ICO's now a days are scam this because of the popularity of digita currency today makes scammers want to fraud each participants and investors. Better to research good ICO into the forum to avoid mistake on fake ICO's this time.
The problem is that nowadays anyone can start an ICO. Obviously in some of the countries, the ICOs are either banned or under strict regulations... but then there are a lot many where there are no restrictions at all.
I don't believe that 80% are scams. Of course sadly there are people who are trying to take advantage of the system with little to no regulations (as in any business sphere). But I feel that people are too quick to label a ICO a scam. If a business fails and you lose your money would you call it a scam? No, it's just because they are ICOs people throw that term around.
I feel that most just fail because of it's weaknesses, such as poor idea, weak team etc.
I feel that most just fail because of it's weaknesses, such as poor idea, weak team etc.
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 agree, there are now really many projects, but there are less than 80% of such projects. 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, that is correct, over 80% of the ICO's now a days are scam this because of the popularity of digita currency today makes scammers want to fraud each participants and investors. Better to research good ICO into the forum to avoid mistake on fake ICO's this time.
I think that's not true. I never get caught by scammers. I just carefully check the project not only for fraud, but also for the importance and try to predict the demand. Jump to: