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Topic: 80% of ICOs are Scams - page 99. (Read 12240 times)

newbie
Activity: 140
Merit: 0
May 23, 2018, 01:32:50 AM
Since the end of last year, the number of Scam ICO projects has grown, there are not many concrete Mosshenics, but those projects that do not get their Softcup and merge!
jr. member
Activity: 80
Merit: 4
May 23, 2018, 01:24:31 AM
Currently there are many ico that failed because their sales results did not reach the target. there maybe some reasons but if the token sales reaches hardcap it will make ico project potentially become a successful ico. In my opinion only 50% if for 80% it is too much.
hero member
Activity: 2814
Merit: 576
May 23, 2018, 01:19:29 AM
its true, that is also the main reason why other countries cant accept cryptocurrency in their country. if they legalize cryptocurrency in their country, scam ico will spread in the crypto world and it will highly affect every investors.
This is why human can't advance, don't you think that if a country who wants to accept cryptocurrency only limit the crypto to for example top 5 with biggest volume will solve problem?
It's kinda easy and  I can say that most ICO's token or coin are mainly used for security not a real currency so yeah, not a really big problem judging on your statement.
Let us not think that some countries will not accept crypto because for sure in the long run they will change their decision.
The world is moving fast and we need this kind of technology to help us, the conventional method is not already effective, when big countries adopt
the rest of the countries will follow and there will be an international standard.
sr. member
Activity: 1498
Merit: 251
KUWA.ai
May 23, 2018, 01:05:39 AM
its true, that is also the main reason why other countries cant accept cryptocurrency in their country. if they legalize cryptocurrency in their country, scam ico will spread in the crypto world and it will highly affect every investors.
This is why human can't advance, don't you think that if a country who wants to accept cryptocurrency only limit the crypto to for example top 5 with biggest volume will solve problem?
It's kinda easy and  I can say that most ICO's token or coin are mainly used for security not a real currency so yeah, not a really big problem judging on your statement.
full member
Activity: 491
Merit: 100
#SWGT PRE-SALE IS LIVE
May 23, 2018, 12:58:34 AM
its true, that is also the main reason why other countries cant accept cryptocurrency in their country. if they legalize cryptocurrency in their country, scam ico will spread in the crypto world and it will highly affect every investors.
newbie
Activity: 97
Merit: 0
May 23, 2018, 12:48:57 AM
Yes, there are a lot of scam projects now, but there are good projects too.  I advise you to take the time to find good projects and invest in them.
Scams will not go away because they make money. If there was no money to be made in scams then Bitcoin and most coins would just fall away to be left to dust.
newbie
Activity: 124
Merit: 0
May 23, 2018, 12:46:00 AM
Yes, there are a lot of scam projects now, but there are good projects too.  I advise you to take the time to find good projects and invest in them.
full member
Activity: 658
Merit: 100
May 22, 2018, 02:15:29 AM
Saying 80% of ICO are scam is bit particularly incorrect.  Many ICO have funding,  technical and others issues to deal with.  And most ICO including those one that were successful are still working on their project in order for them to realize their objective.  We can not condemn developing ICO simply because they are not mature yet!
newbie
Activity: 83
Merit: 0
May 22, 2018, 02:12:09 AM
I don't think you're accurate enough. Most ico is just hype. Using the heat of the block chain to defraud investors.
full member
Activity: 548
Merit: 100
May 22, 2018, 02:03:39 AM
80% too much to give ICO scam value, I more agree 50% for ICO scam, because there are a lot of ICOs out there that are nice and keep developing their project up to now
full member
Activity: 228
Merit: 100
May 22, 2018, 01:54:25 AM
But this does not stop people from further testing themselves in this direction. This is a revolution in the crypt and brings both profit and new players who are able to influence and create competition to certain tops.
newbie
Activity: 168
Merit: 0
May 22, 2018, 01:50:06 AM
Now really a lot of scam projects, but I think not more than 30%.  The remaining projects do not reach the soft cap.
member
Activity: 308
Merit: 15
May 21, 2018, 03:51:08 PM
The Massachusetts Institute of Technology previously published its study, which showed more positive results, judging by which, fraudulent were from 5% to 25% of all ICOs.
full member
Activity: 463
Merit: 107
May 21, 2018, 05:10:41 AM
Like a bitpenta and cibus. I think a subject for fraud should be created. Cibus hurt me a lot, and now they ran away  Smiley

member
Activity: 459
Merit: 10
May 21, 2018, 05:08:48 AM
Many ICO's are just hype. They spend money in getting a good site and building hype around it and after collecting huge sums of money, they never bother about developing the actual product. That's why we need to be more careful when selecting an ICO
I agree with your idea that many ICOs just do publicity and have no practical role. Their purpose is only to defraud the money. These fraudsters have severely disrupted the market and caused many investors to suffer losses of property. !
sr. member
Activity: 924
Merit: 260
May 21, 2018, 05:04:53 AM
There are definitely ICO scams floating around. To consider it a "scam," The instigators must intentionally have no plans to build something, they only want to raise funds for their pockets. Yes, some may look like a scam, maybe it's just because they are incompetent to begin with - just armed with lofty goals in their whitepaper. Dreamers without skills. I think many fall into this category. Heck, just look at Gofundme - there are many in there.
member
Activity: 238
Merit: 10
May 21, 2018, 04:59:52 AM
Where did you found that statistics? I would say from my experience, that there is really many of the great projects comming out recently


How confident are you that these great projects will be profitable? I was taking part in a good project last time. After retaining the prize tokun was useless ...
I think that the project should not always show instant profit. The profit can appear only in some years, by this time all bounty hunters already will sell the coins. As for this article, the question is how to correctly determine the criteria for the success and failure of projects.
When we talk about scam?, its different with low development of the team. Scam is just run away with the raised money.There are also many ICO's that have a weak potential for development and do not reach the goal, so the price of their token is constantly falling.  Maybe the percentage is smaller than 50%.
hero member
Activity: 686
Merit: 503
DATABLOCKCHAIN.IO SALE IS LIVE | MVP @ DBC.IO
May 21, 2018, 04:57:10 AM
I do not think that scam projects are more than 80%. I think 40%, at most 50%. The main thing is to carefully choose projects, look at the team, whitepaper, etc.
member
Activity: 415
Merit: 10
May 21, 2018, 04:52:25 AM
I think the ICO scam has played a role in stabilizing the value of money. If there is no ICO scam, then the cryptocurrency will be out of control, then the bubble is the entire cryptocurrency and not the individual. The world grows together in light and darkness. Although I hate scammers very much. But this is an indisputable fact.
newbie
Activity: 168
Merit: 0
May 20, 2018, 10:56:33 PM
It seems to me that the scam of projects is about 30-40%.  But there are very few successful projects.  Therefore, I advise you to spend time and find a good company.
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