80% of ICOs are Scams - page 96. | Bitcointalksearch.org

Hoxysado

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Quote from: Revi250cc on March 29, 2018, 03:15:06 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 ...

Yes, it is true that the majority of ICOs are scams, but it does not mean they all are the same. Maybe I am a little bit naive, but I believe in ICO

happypencil

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You are right, most of the ICO are scams.That's why people are more cautious about ICO now. I will wait several months before considering any investment in ICO.

okeanis

newbie

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Now really a lot of scam projects. But most of the ICO are projects that have not reached the soft cap. And very few successful projects. Sad

carrie_white

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there are still some ICOs under the guise of scam, but actually most ICOs fail, not because of scam, ico failure is due to not reaching the softcap that has been determined, so the ico project was canceled, and all the money collected investors will be returned

weblouartisan

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Lets Go Adab

Quote from: Revi250cc on March 29, 2018, 03:15:06 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 ...

Actually, the ico is not the only problem, sometimes the ico's are really paying the entire amount on the developers but the problem is there are managers who are scamming other people since the amount of bounty is very high.

gusardrakyla

newbie

Activity: 56

Merit: 0

Quote from: Revi250cc on March 29, 2018, 03:15:06 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 ...

Yes, it is very sad, but we should not in any case panic and lose trust to each ICO. There are still a lot of good ones, I am sure of it

SanchoBTC

full member

Activity: 336

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Yes this is true. Now it is very difficult to find a good project. I already lost a lot of money on this. But if I find a good project, it gives me a very good profit. Need to find.

[email protected]

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In fact, it's even good. Thanks to this, we can learn to select a project qualitatively and invest. I would not find such projects as Remme, if in the stream of promises to make money I did not have to screen out bad projects and the market would be too fabulous and we know that this is not possible. Let's just believe that our analysis will allow us to earn a lot of money on projects that are really worth their money, or even undervalued, and among them I can give a variant of the Remme project and its approach to solving real problems of real users. A good product always helps us to distinguish fraud from real projects with serious intentions and I believe in Remme

Delfintor

newbie

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Yes, there are a lot of scam projects now. And therefore I advise you to be careful. And now it is very risky to invest in ICO.

hastag_80

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The New Pharma-Centric Marketplace

Quote from: Revi250cc on March 29, 2018, 03:15:06 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 ...

yes,i agree that some of ICO project coming out now in the market is consist of scam,but if stated that 80% of them is scam,i thinks its over exaggerated and below the belt statement,because even in myself i experienced scam,but i still believe that there so many legit ICO project that there purpose is real and make a great investment into the world of cryptocurrency,so even theres a rampant scam ICO now,but i still believe that theres still more good ICO project better than fraud.

cerberus5424

member

Activity: 350

Merit: 10

Personally, I fully agree, in fact about 80 percent of all ICO is a Scam. Only a few ICO projects survive and can become quite good projects.

alexhunter54

member

Activity: 186

Merit: 10

Yes sure a lot icos are scams but problem its not at scam icos but at people who invest without searching, if u remember just week ago TRUE USD listed at binance and they pump it, they just buy like blind people.

Melech

sr. member

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Merit: 250

I am sure that 80% ICO are not fraud. But most ICO in the current realities of the market will be a failure. From an investor's point of view, scam and failure are fundamentally different things, since scam is difficult to determine using the analysis of the project because false information is provided.

cedrixperez

jr. member

Activity: 149

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I doubt if 80% of ico's are scams maybe a half ico but not 80% and probably the 40% of projects are failed cause they didn't reached their softcap just always be aware from the scammers and check the company and members if they're legit.

hlopchik3000

newbie

Activity: 238

Merit: 0

More than 80%! Most projects except the site and the whitepaper have nothing. And from the others there are also scamers. So the figure is quite large

SHawk

sr. member

Activity: 658

Merit: 250

I agree with you that there are so many scam icos in the crypto community recently but there are certainly still some good and genuine ones. It only require a lot of patience and research work to be done when searching for one to invest in to avoid being scammed.

Nabilog

newbie

Activity: 74

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Most like yes. If you plan to invest just do some research for the ICO you want to invest with. THere many legit ICOs in the market.

4ernuy

member

Activity: 350

Merit: 10

This is a complete nonsense, I do not know where this statistic came from, but there are much more successful projects. What is meant by a scam, this can not be true.

spopovss

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https://paynote.eu

I invest only in those projects that are on icodrops, in projects where a large HYIP, I do x2 and sell everything. This is the best tactic today.

pakole69

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OPEN Platform - Powering Blockchain Acceptance

I think that you are exaggerating too much and in fact such projects are many times less. there are really a lot of good projects

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