Topic: 80% of ICOs are Scams - page 94. (Read 12251 times)
Now there are really a lot of scam projects, but they are less than 80%. I think no more than 25%.
Findin a promising ICO is like searching for a needle in a haystack. You need to check ALL the information you can find. Especially the team and the project itself. If there is little information on the team then it's almost definitely a scam. If they just copy and paste another project's idea it's almost definitely a scam. If they promise something that's impossible to provide with current technology - yes...It's a scam. There are a lot of tests,red flags and factors you should check before even consider investing in an ICO.
To my mind, the are about 25 percent of all projects that fail to hit their goals because there are not able to finish it up due to a weak marketing program and low investments.
I definitely agree with that 80% ICO is really a scam and I'm not investing in ICO anymore. Audits develops a lot of altcoin will be destroyed. That's why we need to invest in ethereum and bitcoin.
I think that not 80 % but every second Ico is scam.The founders and devs just collect money from naive investors and pretend doing something with their projects.Some of them just escape with money.
Not just 80% but probably higher than 90% because legit ICOs only exist twice or thrice a week but scam ICOs are created and announced 10x or more than that everyday. And by just looking at those data, I'm having so much disappointment seeing a lot of money goes to these scammers.
I agree that there are a lot of scam projects on the crypto market, ICO has became the way to earn free money, this makes very bad influence over crypto market. But we should not forget that there are a lot of good projects and we need them, so we should support them. For example Ambit Mining ICO - very good project, which has potential to make some changes in crypto world.
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 easyly without any working product, many project does not continue to development the idea of project. 
When you invest in something there is always a risk. The same is with ICO. Not all of them are scams some of them just cannot complete all the tasks. But I agree with all who are telling that large amount of ICO like 70% are just scamming because you can gather a lot of money.
My advice if you invest in something then analyze it from all perspectives. Don't be greedy and don't invest with blindfolded eyes.
My advice if you invest in something then analyze it from all perspectives. Don't be greedy and don't invest with blindfolded eyes.
Now really a lot of scam projects, but I think not more than 30%. The remaining projects do not reach the soft cap.
It seems to me that the scam of projects is less than 80%. A lot of projects that have not reached the soft cap.
Cant argue with this, many of them are just the same idea being used over and over again.
today there are many bad ISO, fraudulent projects ... I hope that in the near future such projects will be much less, and the team will be criminally responsible for the fraud project. then it will be easier to invest in projects and there will be more trust in them.
I think so. We can be cheaten by others if we are not careful enough. We need to make enough research while we do the the investment. The more careful we are, the better we will be. Just do the right thing.
This can not be, I follow the rating, and sometimes those ICO projects that have gone out of their way, come back, most just stop believing in these projects after this and that's all, this cut a percentage.
Characteristics ico scam usually offers a project, with low capital but will benefit doubled, if in the crypto world is usually the characteristics are expired
the domain is only briefly, the web display is less interesting (lack of a reliable programmer), the roadmap is not clear, etc.
Scammers will not be eliminated in this crypto world, we can only anticipate it, so as not to be fooled, Careful in choosing an investment.
the domain is only briefly, the web display is less interesting (lack of a reliable programmer), the roadmap is not clear, etc.
Scammers will not be eliminated in this crypto world, we can only anticipate it, so as not to be fooled, Careful in choosing an investment.
The government being in country of money is one of the worse thing that would happen to every citizen of a country, we appreciate the rise of Blockchain that has given us the opportunity to depend on ourselves.
80% are too big. Maybe for this time just 20%-30%. But it will be growing again and again. Maybe in the future, people will be hard to distinguish the legit and the scam. And maybe, because of all of SCAM ICOs, Crypto market has fall drastically.
It's just my opinion, don't take it seriously.
It's just my opinion, don't take it seriously.
It is only our responsibility to find out whether some ICO project is worth participating because there are so many fake ones in the market that you do need to spend time and research before joining them.
80% is a very loud statement. There are a lot of good projects. That's just confused by the fall in prices in the market, because of this will be a lot of unhappy investors and participants bounty
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