A study shows that 80% of ICO is unreliable.

LeroyBro

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Quote from: Inspector2580 on April 10, 2018, 06:12:09 PM

it is true many icos are failure already. many are just there to stay for a while and then finally die off. but same is true for other businesses in the fiat-world.

The only issue is that the investor's money is what is at stake. One just have to be careful in making careful analysis in projects before joining in to invest else they should be ready to lose their money.

And ain't that what Crypto popular saying is? invest only what you are willing to lose.

I agree that you should only invest what you're willing to lose but a lot of ICOs are still sometimes scams, and not just unreliable or fail sometimes.

Of course, there's not much you can do about it but to learn from mistakes and experience and try to invest better.

Endikadija

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Quote from: RoftheN on April 11, 2018, 04:06:28 AM

The percentage is well above 90%. Most of the ICO projects launched last year have already failed for your information. And the current ICOs launching are in even worse condition. Until there is some regulation in the ICO market one should stay away from them.

The majority of them don't even reach the hardcap and that means if the majority of them can't attract a lot of attention from investors. Only the promising ico will have reached the hardcap on its crowdsale.
The majority of them failed to reach the funding for the various reasons and i think that the majority of investors are really smart in these days. But centra can become an evidence for this one. Incompetence person only needs money to build ico.

SamboNZ

sr. member

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Sad to say this but this is true. Only few survives in the market and the rest just failed. Most of the incoming icos are just scam and all they do is promise until investors losses their investment. Every ico are almost similar now a days and it's really hard to differentiate whether it's legit or not.

RoftheN

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The percentage is well above 90%. Most of the ICO projects launched last year have already failed for your information. And the current ICOs launching are in even worse condition. Until there is some regulation in the ICO market one should stay away from them.

uray

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Quote from: ghonkz on April 10, 2018, 11:17:40 AM

Sharing information is good,but please if you just 100% copy and pastingput the source, youll never get any credit by postingsomething like that.

He could get a ban for not sharing the source and just posting the topic, it is Plagiarism.

Quote from: ahmadakbari on April 10, 2018, 06:38:19 PM

I think ICOs are the biggest problem in cryptocurrencies which must to be solved.
What is hapening in many of ICOs is normal. Because ICOs are not regulated and there is no legal contract between participants and the team behind the ICO. They can easily stole the money and then disappear. Participants can do nothing and are blamed for trusting those scammers.
Till now I have heard about many scam ICOs. But I have not heard of an arrested scammer.

It is a big problem in this market and i am not sure when we will have a solution for this dark side of the market, in order to have a full stop in this fake ICO market all the countries must have some kind of regulation, if not all those scams will arise from the place there is no regulation and since it is an open market anything is possible and it is true that no one was arrested in these millions of dollars worth of scams.

lucario21

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Quote from: cryptodevs on April 10, 2018, 06:39:23 PM

It should be 99% if you asked me why? look at the percentage of scam ICOs over these legit ICOs today? you can barely see good ICOs nowadays because i have been participating with most of the bounties and we can even get a softcap not unlike from the previous years where most of the ICOs are getting success compare it today.

So are you saying that some bounty managers like yahoo, sylon, atriz, needmoney and deadley are gambling their name from illegitimate ICO. Maybe you should provide some facts or evidence before dropping your stats because it might cause confussion for other members.

cryptodevs

member

Activity: 182

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It should be 99% if you asked me why? look at the percentage of scam ICOs over these legit ICOs today? you can barely see good ICOs nowadays because i have been participating with most of the bounties and we can even get a softcap not unlike from the previous years where most of the ICOs are getting success compare it today.

ahmadakbari

full member

Activity: 602

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I think ICOs are the biggest problem in cryptocurrencies which must to be solved.
What is hapening in many of ICOs is normal. Because ICOs are not regulated and there is no legal contract between participants and the team behind the ICO. They can easily stole the money and then disappear. Participants can do nothing and are blamed for trusting those scammers.
Till now I have heard about many scam ICOs. But I have not heard of an arrested scammer.

oneidentity

sr. member

Activity: 644

Merit: 250

It is clear that most of the projects that collect money now are unreliable and will die in the future. Not even because they are scammers, but because they do not have the resources and resources to implement their plans.

justine11

member

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Merit: 12

Indeed but honestly i think we encountered many of this and i agree that ICOs are unreliable because there are some ICOs are scam once they reached their quota they just run a way like nothing happened or the they just leave the project after it made to the exchanges and this is the reason why google, facebook and twitter banned cryptocureency related ads

TravelMug

hero member

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You don't need to be a rocket scientist to say that most of the ICO are unreliable and Scams. Just look at how social media giants Facebook and Google and Twitter banning crypto ads because there are a lot of scammy ICO's out there.

But why are people still investing on ICO this days? Its because of the promise of good returns. So just be careful and do your own research so that you will not fall for the ICO trap.

Inspector2580

newbie

Activity: 76

Merit: 0

it is true many icos are failure already. many are just there to stay for a while and then finally die off. but same is true for other businesses in the fiat-world.

The only issue is that the investor's money is what is at stake. One just have to be careful in making careful analysis in projects before joining in to invest else they should be ready to lose their money.

And ain't that what Crypto popular saying is? invest only what you are willing to lose.

ghonkz

full member

Activity: 459

Merit: 117

https://www.crypto-economy.net/en/a-study-shows-80-percent-of-icos-are-unreliable/ Just in case someone wondering where the source is. Sharing information is good,but please if you just 100% copy and pastingput the source, youll never get any credit by postingsomething like that.

bojokusugih

newbie

Activity: 112

Merit: 0

A recent study showed that 80% of ICOs are unreliable, the research was conducted by Satis Group using available public data, while only 8% of tokens were able to exchange.

The company is proud to be ICO's chief advisory agency, and their research uses information obtained in the public domain entitled "ICO Quality: Development and Exchange". They continue to classify ICOS in various categories such as fraud, failure, death, shrinking, promising and success.

The results show that reaching up to 81% of ICO is considered a fraud. The people behind this ICO center never had any intention to continue the promoted project in the technical document.

The study reported that 6% of ICOs could be classified as failing products. The ICO are projects that can not fulfill their objectives for ICO and must return all funds from investors. They are crowdsales who can not fulfill their goals, and are classified as failed projects.

Topic: A study shows that 80% of ICO is unreliable. (Read 74 times)