Yes, so the cryptocurrency flew to the moon at the end of 2017. But the bubble of 2018 was shattered. I don't want to see so many scams.
The market of cryptocurrencies is moving an incredible amount of money and it's obvious that this is going to attract all kind of people, from people that want to improve their economic situation, to those that that dream big and want to create a great project but also it's going to attract a lot of scammers and we are seeing that they are way more common than we thought. 
Topic: 80% of ICOs from 2017 were scams. (Read 1178 times)
Yeah. In 2017 and early 2018 there is lot of ICO and most of them reach softcap even hardcap also. If the ICO don't have that much good idea or project behind it. Cause at that time ICO is a big hype. Everyone talking about ICOs cause some of them already give a lots of profit. But not all of them want to have a good project some of them want just money. So many of them dealt their product or they don't have a good product. So yeah many of them failed.
P.S. - if you take top 100 token which came from ICO 40% of them don't have a stable product
That's true. Lots of projects did not collect even the soft cap a lot which extended ICO ICO because it is not gathered the soft cap And it lasted from the end of 2017 almost the entire 2018. A lot of projects that were stupid for money laundering! P.S. - if you take top 100 token which came from ICO 40% of them don't have a stable product
Yes, so the cryptocurrency flew to the moon at the end of 2017. But the bubble of 2018 was shattered. I don't want to see so many scams.
I know that there are guys who detect fraudulent projects, but still they can not predict everything and also takes time to analyze the project, and during this time some people have already managed to invest in ICO.
I think ico in 2017 has succeeded in sales and in the market rather than ico in 2018, this based on my experience when joining bounty on every ico project on 2017. i know not everyone has same opinion like me. And the projects that I followed in 2017 are still active and their coin still have value in the market. Ok, 80% scam is maybe true and maybe this 20% is the project what i followed LOL~~
Numerous number ICO from 2017 were reportedly scams, if not those project that were able to raise just enough funds to start the project died off after 4 months of its operations. There are some reports that numbers of scam projects from 2017 have surpassed the total number in volume despite just halfway through the year of 2018. It’s quite alarming. Is there any possible way to filter or screen projects before running their ICO’s to avoid scam?
Here is the Link: https://ethereumworldnews.com/ico-80-percent-scams-2017-2018/
This is a good indicatorHere is the Link: https://ethereumworldnews.com/ico-80-percent-scams-2017-2018/
Because scammers only come in places where they have money
I think it is with the development of the market
We'll find some way to reduce these large numbers.
This is because most of the ICO can't apply what they write in their whitepaper in real life. Its just a fiction most of them do. They tend to find theoretical solutions to problems but can't execute it. So few months after ICO, the project dies naturally.
I can't even argue with this statistics, seeing the number of failed projects that we have roaming the streets. It is really sad, and it would even be worse for this year. Over eighty percent of the Icos that we have now are scams, and this is why people are always advised to be careful when choosing to invest in an ICO.
This is to me the most obvious reason of why so much people are now are avoiding icos and instead are getting their money out of this market or are investing only in the best coins like bitcoin or ethereum, it's obvious the market is going to suffer because we need more innovation coming but the market is so full of scammers that I really think that we need this period in which people avoid icos and do not invest in them.
I can't even argue with this statistics, seeing the number of failed projects that we have roaming the streets. It is really sad, and it would even be worse for this year. Over eighty percent of the Icos that we have now are scams, and this is why people are always advised to be careful when choosing to invest in an ICO.
At present, scam ICOs still account for over 70%. The main reason is that the market is down in exchange rates, so the potential ICOs are less, and the ICO is constantly delaying the release of the Token, so at this time I think you should continue. Investment participants or ICO bounty but should choose ICOs carefully avoiding scams.
Well, maybe ICO numbers are higher than you expected, so I think the ICO market if you want to invest in should be very careful. Maybe they are a double-edged sword killing you anytime
Imagine, that was 2017, when ICO projects weren't that much of a big thing, now on 2018 the amount of scams would definitely increase considerably.
Maybe even more so. Last year every 5 bountys I attended 3 were cheats. I usually study campaigns well before entering them and even then the number of scams I've fallen into was high.
Numerous number ICO from 2017 were reportedly scams, if not those project that were able to raise just enough funds to start the project died off after 4 months of its operations. There are some reports that numbers of scam projects from 2017 have surpassed the total number in volume despite just halfway through the year of 2018. It’s quite alarming. Is there any possible way to filter or screen projects before running their ICO’s to avoid scam?
Here is the Link: https://ethereumworldnews.com/ico-80-percent-scams-2017-2018/
....and so we call it taking the risk. Better take the risk and have the chance to actually be victorious than doing nothing at all and having zero opportunity of becoming successful. This is the mindset of the most successful people on the planet. They are risk takers! They do not think of what can be lost, but what can be gained. And so the same mindset should be in all crypto enthusiasts! Zero % on the negativities and a million % on the positivities! This mindset will surely take us far. Here is the Link: https://ethereumworldnews.com/ico-80-percent-scams-2017-2018/
Numerous number ICO from 2017 were reportedly scams, if not those project that were able to raise just enough funds to start the project died off after 4 months of its operations. There are some reports that numbers of scam projects from 2017 have surpassed the total number in volume despite just halfway through the year of 2018. It’s quite alarming. Is there any possible way to filter or screen projects before running their ICO’s to avoid scam?
Here is the Link: https://ethereumworldnews.com/ico-80-percent-scams-2017-2018/
Here is the Link: https://ethereumworldnews.com/ico-80-percent-scams-2017-2018/
A year before that investing in ICO was easy and profitable, but now the scammers have found the ICO industry as a good field to scam people, now it's so hard to check if the project is indeed legit, there are a legit project but failed to generate funding and support in the market.
Numerous number ICO from 2017 were reportedly scams, if not those project that were able to raise just enough funds to start the project died off after 4 months of its operations. There are some reports that numbers of scam projects from 2017 have surpassed the total number in volume despite just halfway through the year of 2018. It’s quite alarming. Is there any possible way to filter or screen projects before running their ICO’s to avoid scam?
Here is the Link: https://ethereumworldnews.com/ico-80-percent-scams-2017-2018/
Here is the Link: https://ethereumworldnews.com/ico-80-percent-scams-2017-2018/
Yes you are right, that much of them were scams and now i am afraid that even a higher percentage than that are scams out of the coins that are coming out this year. There are really not good projects any more and with so much scams around it is no surprise to see that people are no longer interested in investing in these coins anymore.
Numerous number ICO from 2017 were reportedly scams, if not those project that were able to raise just enough funds to start the project died off after 4 months of its operations. There are some reports that numbers of scam projects from 2017 have surpassed the total number in volume despite just halfway through the year of 2018. It’s quite alarming. Is there any possible way to filter or screen projects before running their ICO’s to avoid scam?
Here is the Link: https://ethereumworldnews.com/ico-80-percent-scams-2017-2018/
Here is the Link: https://ethereumworldnews.com/ico-80-percent-scams-2017-2018/
Yes you are right, that much of them were scams and now i am afraid that even a higher percentage than that are scams out of the coins that are coming out this year. There are really not good projects any more and with so much scams around it is no surprise to see that people are no longer interested in investing in these coins anymore.
I would be a little bit skeptic about the actual numbers. Nonetheless, the number is high and one must really be cautious when coming into contact with new ICOs because it can be very frustrating down the line.
scam projects block the spread of block-chain technology and hurt people's trust. it must have a standard. investors must be assured.
This scam ICO is everywhere and I come across this scam related post almost everyday on the forum, I have actually thought at a time that scam ICO is one of the factors drowning crypto, so many have got ripped off their funds, majority of the ICOs are just to raise fund and disappear into the thin air.... To identify good ICO from fake ICOs is becoming hard because after researching and analysing, checking ICO rating websites some still turn out to be scam, it's looking like luck is needed to find some genuine ICO
You need a huge amount of skill in order to find a good ico but it takes such a huge amount of time and effort that many people are simply giving up, I have not given up yet but at the same time I'm thinking about it since I lost money recently in an ico and I do not want to go through that again that is why I invest mostly in bitcoin and in ethereum. 
Of course but that doesn't mean that there aren't valuable ICOs out there, that means that we have to be careful when choosing an ICO, we always have to look at the whitepaper, the team, the roadmap and above all if there is a way to cover the objectives, because it doesn't make much sense that we want to solve a problem and in the midway of the ICO you realize that you can't solve it.
Yeah. In 2017 and early 2018 there is lot of ICO and most of them reach softcap even hardcap also. If the ICO don't have that much good idea or project behind it. Cause at that time ICO is a big hype. Everyone talking about ICOs cause some of them already give a lots of profit. But not all of them want to have a good project some of them want just money. So many of them dealt their product or they don't have a good product. So yeah many of them failed.
P.S. - if you take top 100 token which came from ICO 40% of them don't have a stable product
P.S. - if you take top 100 token which came from ICO 40% of them don't have a stable product
now a lot of ICO projects are scammers, and there is nothing we can do about it. some countries to protect their citizens prohibit ICO
It is becoming more difficult by the day to find a good project, it was not only 2017 but even so far in 2018 there are numerous scams.... Let us keep doing our findings well before investing your time and energy in any ICO.... O wish there is a regulatory body to put ICOs in check.
It is hard to find good project, it is no more a news that 2017 and 2018 project are too full of scam. At the beginning there are project you will think they will end up as good project which later turn to bad one.
The best option to avoid all fake projects is precise analysis every project which you are interested, only knowledge can help you find good ico project
You can easily able to find the good and bad projects. There you can see multiple projects available in the market but they are not a worthy all the time. If you read the white paper and teams details that is enough to got the perfect team as your investment.
I am not sure how this op categorize the people in these 2017 because I seesny people scammed in this year only.
Already, there are services that mediate between bounty hunter and ICO. This service takes a deposit in ETH for the amount of the bounty pool.
There are some legit community management services and managers that mediate between the ICO and the bounty campaign participants but the possibility that the project might fail not just the token sale but the product/platform development is quite alarming some of those ICO have some fake and empty promises to their investors but scam projects are the worst, legitimate ICO will refund its investors while the scam will run their money to their pockets.
The best option to avoid all fake projects is precise analysis every project which you are interested, only knowledge can help you find good ico project
You should make your own research before joining any ICO. You can read review, check their partnerships, whitepaper and their teams. You can not avoid scam after these things but definitely it will reduce the chances of getting scam.
Unfortunately, but this is true. 2018 does not please either investors or bounty hunters, most begin to lose hope due to fluctuations in the market.
Many companies simply could not stand such drawdowns. Hunters are always very much drop rate of coins, accordingly the companies in this market difficult to survive.
Currently, many ISO projects Fight a lot of drumming to find ways to usurp our account of cheating investors, invest in evidence So we will lose capital
Numerous number ICO from 2017 were reportedly scams
Do you have any references to back up this conclusion, if yes then try put it in yout post for the sake of transparency. Dude this kind of statements create FUD somehow so you should be sure with this one because this was a sensitive issue. Well, if it's real that 80% of ICOs last 2017 are all scams then I must say that I'm lucky to invest in an ICO belonging to the remaining 20%
. I invested on ETN and plan to hodl for a long time 'til it soars high. Here is the link: https://ethereumworldnews.com/ico-80-percent-scams-2017-2018/
Their are no proven ways to sift these scams from the real projects. Most of these projects are scams. The only thing anybody can do(bounty hunter and investor) can do is to make research. Research the team, the whitepaper, their github, the technology etc, to be able to reduce the rate of scams
Does whitepaper can really help in knowing if the project is going to be a scam or not? I mean there could any whitepapers that have a very good contents but project developers thinking different ways or vise versa. Anything can be deceived even someone's identity. The only thing I we do is just go with the flow and see what wil happen.
well based on your analysis, i have even witness most of the project just to come and fraud people and run away. i participated most of the project but nothing seems to come out after bounty programs ends. the only possible way to avoid being scam is just to read more about the project you are to invest or participating, doing proper research will give you good knowledge about the projects.
In fact, in 2018 ICO has become even larger, but it seems to me that the number of scammers has decreased!
Numerous number ICO from 2017 were reportedly scams
Do you have any references to back up this conclusion, if yes then try put it in yout post for the sake of transparency. Dude this kind of statements create FUD somehow so you should be sure with this one because this was a sensitive issue. Well, if it's real that 80% of ICOs last 2017 are all scams then I must say that I'm lucky to invest in an ICO belonging to the remaining 20%
. I invested on ETN and plan to hodl for a long time 'til it soars high.
Expression scam is not quite true. More than half of start-ups in ordinary life are also not realized. Scum is the original intent to deceive everyone
The rejuvenation of the market is possible only if there is strict regulation. And this is precisely the lifting of the anonymity between the Fiat and the crypto currency. Because otherwise serious money will not come here. Real money, not blown numbers on the charts, which are also blown down by a vertical drop
For selection, some indicators are
- escrow
- publicity of contracts and fund-raising. This information should be accessible and subject to analysis
- Ready MVP. No MVP? - go to the ass. They want to collect money on crypto-currencies, they go to the bank to take a loan, they make a MVP, they come here
- They threw a bounty or some jamb from the community and could not solve it - in the ass project
The rejuvenation of the market is possible only if there is strict regulation. And this is precisely the lifting of the anonymity between the Fiat and the crypto currency. Because otherwise serious money will not come here. Real money, not blown numbers on the charts, which are also blown down by a vertical drop
For selection, some indicators are
- escrow
- publicity of contracts and fund-raising. This information should be accessible and subject to analysis
- Ready MVP. No MVP? - go to the ass. They want to collect money on crypto-currencies, they go to the bank to take a loan, they make a MVP, they come here
- They threw a bounty or some jamb from the community and could not solve it - in the ass project
i think it's not 80%, but less than that. 80% is high bro i m not sure with that
i think just 40% ICO from 2017 scam. but there are still many good ICOs around us
i think just 40% ICO from 2017 scam. but there are still many good ICOs around us
I'm afraid that many scammers have already learned how to mask their projects, that no one can distinguish them from the real ones. I think that you need to choose those projects that already have a finished product. So you can at least reduce the number of scammers
I think 80% it's a lot but for sure last year were a lot of scams project and it seems it continues this year too and I think the majority of the ICO's are down a lot now but you can't blame them when you look at the bitcoin price.
This scam ICO is everywhere and I come across this scam related post almost everyday on the forum, I have actually thought at a time that scam ICO is one of the factors drowning crypto, so many have got ripped off their funds, majority of the ICOs are just to raise fund and disappear into the thin air.... To identify good ICO from fake ICOs is becoming hard because after researching and analysing, checking ICO rating websites some still turn out to be scam, it's looking like luck is needed to find some genuine ICO
I knew that a lot of scam projects, but 80% is an unexpectedness for me.
Unfortunately, this situation will have to do something in the future.
On the one hand, legislative regulation limits the freedom of the team and investors. On the other hand, "official" ICO's will be accountable to the law for their promises.
Unfortunately, this situation will have to do something in the future.
On the one hand, legislative regulation limits the freedom of the team and investors. On the other hand, "official" ICO's will be accountable to the law for their promises.
Already, there are services that mediate between bounty hunter and ICO. This service takes a deposit in ETH for the amount of the bounty pool.
We know most of this ICO are not worth it anytime but we don't know in the starting stage this is not worth but the experience that you had will always be helpful for choosing the best one for your future that's why many people says experience will very helpful for you to get better income I also agree with that point.
Indeed, many projects fail in developing their projects, even frauds that occur. Because it is rampant with anxiety, so they are clever to cheat, but if you are wise and smart, you will be able to choose a good quality ico and avoid fraud.
Numerous number ICO from 2017 were reportedly scams, if not those project that were able to raise just enough funds to start the project died off after 4 months of its operations. There are some reports that numbers of scam projects from 2017 have surpassed the total number in volume despite just halfway through the year of 2018. It’s quite alarming. Is there any possible way to filter or screen projects before running their ICO’s to avoid scam?
Many projects built with new ideas show that more and more people are believing in crypto progress in the future. However, this is not offset by the benefits of the results generated, especially many fraudsters who take advantage of the situation. However, I'm sure of the many projects now, one in five projects is a legit project.
It seems most of these ICOs are resurfacing again with a new name but the same concept and team anonymously behind it. Though most ICOs are scam but yet there are ICOs that are serious and team will make everything possible for it to succeed.
Maybe some are scams but mostly the reason is the lack of funds. With these the ICO wouldn't make a foundation to their project also by adding competitors it could make it worse. With almost the same concept of project is one factors of competition. Some scams like bitconnect are only just a few on 80% percentage you've said that are already on its roadmap and then sudden shutdown because of the scam they've made. As a concern forum member please know the ICO you're trying to enter to prevent involving in these cases.
It's not a lie, you've said the fact, most especially those lending ICOs that came out around December last year leading to pump of bitcoin and the entire market generally, I think regulations needs to come in place
Numerous number ICO from 2017 were reportedly scams, if not those project that were able to raise just enough funds to start the project died off after 4 months of its operations. There are some reports that numbers of scam projects from 2017 have surpassed the total number in volume despite just halfway through the year of 2018. It’s quite alarming. Is there any possible way to filter or screen projects before running their ICO’s to avoid scam?
Do you count projects that raise investments in ETH , BTC and choose to hold them instead of USD / EUR . And when btc drops from 20k to 6k they have less funds for development and there is no chance to continiue project at the moment . Do you count them as Scams ? I dont think so , its just a risk you take before investing . If you study every part of the Whitepaper and count the all factors that can happen in every situation then you can seperate, lets say good project from scam kinda project
I'm wondering is that the projects when Bitcoin reaches the $ 20000 mark, and the altcoin market is at the highest price, ICO projects only achieve soft-cap, then the cryptocurrency is now reduced from 80 to 90 percent. How to keep the money back enough to maintain the team and product?
It is not difficult to reason that out, 2017/2018 was the year of ponzi schemes by way of lending coins, chief among them was bitconnect
Numerous number ICO from 2017 were reportedly scams, if not those project that were able to raise just enough funds to start the project died off after 4 months of its operations. There are some reports that numbers of scam projects from 2017 have surpassed the total number in volume despite just halfway through the year of 2018. It’s quite alarming. Is there any possible way to filter or screen projects before running their ICO’s to avoid scam?
There is not much to do, we cannot change the way this market works, if even governments are unable to do something about it then we cannot do much, so the only thing you can do is to read about the icos in which you are interested, I know that with the amount of icos in the market this soon becomes a full time job but if you really care about getting profits then that is something that you will have to do.
I don't consider a project scam, if it gathers the funding and tries to develop their product. I mean not at least "full scam". Maybe a "semi scam". It takes longer to show that they don't have any good intentions to actually run and complete their product. But if an ICO dumps their tokens right after ICO is completed and sells them for cash, yes, then I consider it "full scam".
Projects really were a lot in 2017, but I can say that already now in 2018, the number of projects has not decreased, but it seems to me that it has only increased due to what is happening on the market. People believe in crypto-currencies.
in 2018 ico scam and ico failed is increase. and just small ico reach the softcaps i think triumph of ico is over and just wasting time to join and following ico
Numerous number ICO from 2017 were reportedly scams, if not those project that were able to raise just enough funds to start the project died off after 4 months of its operations. There are some reports that numbers of scam projects from 2017 have surpassed the total number in volume despite just halfway through the year of 2018. It’s quite alarming. Is there any possible way to filter or screen projects before running their ICO’s to avoid scam?
Do you count projects that raise investments in ETH , BTC and choose to hold them instead of USD / EUR . And when btc drops from 20k to 6k they have less funds for development and there is no chance to continiue project at the moment . Do you count them as Scams ? I dont think so , its just a risk you take before investing . If you study every part of the Whitepaper and count the all factors that can happen in every situation then you can seperate, lets say good project from scam kinda project
I'm wondering is that the projects when Bitcoin reaches the $ 20000 mark, and the altcoin market is at the highest price, ICO projects only achieve soft-cap, then the cryptocurrency is now reduced from 80 to 90 percent. How to keep the money back enough to maintain the team and product?
this is a very bad indicator! the whole world is afraid of legalizing bitcoin just for these scammers of companies! these companies spoil the reputation of the entire crypt industry! The faster the government regulation in the appearance of new projects, the faster new investors will invest their money in the crypt world!
In 2018,scam projects not decrease, even it increase with larger number.
Numerous number ICO from 2017 were reportedly scams, if not those project that were able to raise just enough funds to start the project died off after 4 months of its operations. There are some reports that numbers of scam projects from 2017 have surpassed the total number in volume despite just halfway through the year of 2018. It’s quite alarming. Is there any possible way to filter or screen projects before running their ICO’s to avoid scam?
Do you count projects that raise investments in ETH , BTC and choose to hold them instead of USD / EUR . And when btc drops from 20k to 6k they have less funds for development and there is no chance to continiue project at the moment . Do you count them as Scams ? I dont think so , its just a risk you take before investing . If you study every part of the Whitepaper and count the all factors that can happen in every situation then you can seperate, lets say good project from scam kinda project
actually to filter it all must see the team that composes the Ico project, so it doesn't close the possibility that if you see it from pre sale it could be 50% softcap can be achieved, then we can follow it.
I think almost ico on 2017 always have potential when first time listing at exchange market, we have sell is faster to take and earn much profit with ico investment. no needed for holding long term because could be dump price and scam project. for 2018 years many ico was scam with very lower price on listing and delay for open market.
hello I think it's true that 80 percent of ICO is fraudulent but most of the investors are in positive territory after the investment. bought tokens on the ICO and sold immediately after the release of the exchange crypto-currency.
2017 ratings with 80% scammed ICO was too much, i think 2017 is a good one.
unlike this year we are having now, ICO is really a bunch of scammers only few are real.
i think this is one effect why we are down now.
unlike this year we are having now, ICO is really a bunch of scammers only few are real.
i think this is one effect why we are down now.
ICO's can be of risk because I have seen many such products which loose interest in the project once they get the money from the crowd who buys their coins in ICO. This should be regulated. I have seen people who have lost lot of money in ICO's.
Yeah, this year too. Most of them are scams. There also are some legit ico, but they didn't list their coin and token to the market. So their token/coin didn't have value.
I don't see any hard data on this, but I also do not find it hard to believe that this is true. That's just judging by the sheer number of scam accusations on bct and there were many this year and last.Do any of you think this can go on for long? I would think that eventually the suckers are going to catch on that most ico projects are scams. If a project doesn't appear to be a scam, then it's a good bet that the project is not going to succeed anyway. A lot of them are trying to accomplish things which are unreasonable. Not all of them, certainly, but many of them. 2019 will look much different in the ico market than it did for the past two years. I am almost certain of that.
Though it's an old news now it still is the harsh reality and not only you but most of the people who have invested in those ICOs are worried about their investments. I am myself worried about the tokens I am holding as the price have become drastically low. At first I was believing in them but now I am doubting on them whether they will ever increase in price or not. All these scam ICOs have created a bad name for the genuine ones as well.
This is true. Most ICOs today are only interested in your money. Nothing else! But commendably, other projects such as No BS have identified this problem in the crypto industry and are trying to come with solutions buy setting up research teams to constantly look at relevant ICOs and advising investors to make the right decisions on projects to invest in. They are even more scam projects this year, compared with last year.
I really want to invest in ICOs just recently, but after thorough research, really found this true, and still not participated in any ICO, just always fear of losing money in ICO.
if you are always afraid of ico investment, it is better for you to invest in coins that have been released in the market, in the market your funds are safer and you get quick profits if you are smart 
In recent years, cryptocurrency space has dominated the investment news cycle. Regardless of what certain analysts or investors might think about new trends, hype cannot be denied.
Seriously? If I think they are not literally a scam, they just turned out to gain no investments. I think you should just choose those who has really great potential in doing and promoting ICO and specially, look for the developers' identity.
Numerous number ICO from 2017 were reportedly scams, if not those project that were able to raise just enough funds to start the project died off after 4 months of its operations. There are some reports that numbers of scam projects from 2017 have surpassed the total number in volume despite just halfway through the year of 2018. It’s quite alarming. Is there any possible way to filter or screen projects before running their ICO’s to avoid scam?
You can't possibly evade those kind of scam ICO's. All you can do is find a good project and try to hope that it will never turn into a scam project in the end. And also try to find a good manager that holds most of those ICOs that are successful.
Numerous number ICO from 2017 were reportedly scams, if not those project that were able to raise just enough funds to start the project died off after 4 months of its operations. There are some reports that numbers of scam projects from 2017 have surpassed the total number in volume despite just halfway through the year of 2018. It’s quite alarming. Is there any possible way to filter or screen projects before running their ICO’s to avoid scam?
ICO scam when it dies or stops working. As you said that although the ICO was successful it only lasted about 4-5 months of operation and it was abandoned. And that's also called ICO scam. So it's best to just participate in the ICO of the well-known developers and have a clean profile
I really want to invest in ICOs just recently, but after thorough research, really found this true, and still not participated in any ICO, just always fear of losing money in ICO.
Numerous number ICO from 2017 were reportedly scams, if not those project that were able to raise just enough funds to start the project died off after 4 months of its operations. There are some reports that numbers of scam projects from 2017 have surpassed the total number in volume despite just halfway through the year of 2018. It’s quite alarming. Is there any possible way to filter or screen projects before running their ICO’s to avoid scam?
In that year there was absolutely no regulation and who wanted to raise money, he collected. The most interesting thing is that at that time no one was restless about the scam project or not, everyone was interested in quick profits. Now, when the market is in the downtrend for a long time, everyone started talking about it.
It's reasonable to happen so that's why people need to be more caution about selecting the good ICO.
Personally I'm seeking local ICO so I can learn they basic more faster than other foreign ICO.
And then when you decide to invest on ICO , make sure that you have understand the risk of investing cryptocurrency because nobody can predict for sure how it will ends !
Personally I'm seeking local ICO so I can learn they basic more faster than other foreign ICO.
And then when you decide to invest on ICO , make sure that you have understand the risk of investing cryptocurrency because nobody can predict for sure how it will ends !
Projects really were a lot in 2017, but I can say that already now in 2018, the number of projects has not decreased
Their are no proven ways to sift these scams from the real projects. Most of these projects are scams. The only thing anybody can do(bounty hunter and investor) can do is to make research. Research the team, the whitepaper, their github, the technology etc, to be able to reduce the rate of scams
Absolutely almost 80% of an ico from 2017 were scams. For this case we have to built some deep kind of information for those scam project. Those are crazy things for many people wanted to earn and gained for their success in life.
Yeah, this year too. Most of them are scams. There also are some legit ico, but they didn't list their coin and token to the market. So their token/coin didn't have value.
If 80% of ICO last year was scam then 90% of ICO this year is scam. As i can see in the market a lot of fake,scam,fraud ICO is added. Investor must double or triple their research in any ICO. As a bounty hunter i also research in any project that im into.
Projects really were a lot in 2017, but I can say that already now in 2018, the number of projects has not decreased, but it seems to me that it has only increased due to what is happening on the market. People believe in crypto-currencies.
Already, there are services that mediate between bounty hunter and ICO. This service takes a deposit in ETH for the amount of the bounty pool.
Numerous number ICO from 2017 were reportedly scams, if not those project that were able to raise just enough funds to start the project died off after 4 months of its operations. There are some reports that numbers of scam projects from 2017 have surpassed the total number in volume despite just halfway through the year of 2018. It’s quite alarming. Is there any possible way to filter or screen projects before running their ICO’s to avoid scam?
Here is the Link: https://ethereumworldnews.com/ico-80-percent-scams-2017-2018/
Here is the Link: https://ethereumworldnews.com/ico-80-percent-scams-2017-2018/
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