People what is wrong with you? Do you still believe in ICO projects? I'm in the last year has seen only one project which could be justified. A huge number of projects were good only before the listing on the stock exchange and after that they were closed. Over the past 2 years, the number of people who made a mistake is very huge. Because of scam ICO, people are leaving this industry. I propose to ban the ICO or make it mandatory presentation of KYC organizers.
Topic: ALL Initial Coin Offerings are Trash (Read 22312 times)
There are currently thousands of currencies with no market value, or very small values. ICO projects are trying to develop, but it seems that the effort is not bearing fruit because investors have no great confidence in ICO projects.
As i say not all ICO are scam, but ICo becom less trust as many of them are scam (not all), invest in IEO whatever the exchange will be more save
95% of the ICOs are rubbish, only a few have their products. whereas in the media it has been widely reported that ICO is a concept of fraud, but there are still many people to invest they are too stupid.
The problem with most ICOs stem from the accessibility of people creating fake ICOs and scamming people in the forum. I personally have spotted and busted a number of fake ICOs with their fake credentials and plagiarized whitepapers in the ANN section and it saddens me that some of the potentially good projects are overshadowed by this very fact.
very true guys. Most ICOs are just scams. Fundraising does not make sense for the cost of their projects which only offer written concepts without realizing. in fact, ICO's early beginnings were a success. have a clear project. but seeing the situation. many scammers take advantage of this situation, individually or in groups. they trap investors with promises on white paper or roadmaps. and take advantage of the opportunity of the beginner investor's greed. so the next ICO is to be bad and unbelievable. no ICO is currently successful with the project and the price of their coins / tokens.
Craving for ICO has ended because majority of them turn out to be a scam/fraud project and now investors are losing interest in participating in any type of token offering whether it is STO or IEO. Nowadays new projects is having a hard time to raise funds due to the bad history of ICO even if the project is good and have a real-life use.
Apart from scam projects since 2018 many good projects still fail due to the market condition, i would have say all developers should halt their project launch till 2020 for better fund raising and profits, good market season is good for new projects
The idea that all ICOs are trash is false. Most of the big projects and coins we see on the market today are kind courtesy of ICOs. However, there is time and season for everything and as technology and developments advance, new strategies and ways of doing things come into the seen and this is why ICOs have been overtaken by IEOs.
if you see the history of many coins successfully developed starting from the ICO but for the current project they are not able to prove that the ICO project will provide benefits and the security they have provided cannot yet be maximized and therefore the development of IEO is starting to be in demand. so to say that ico is Trash you should read some of the history that exists about ICO
I don't think all ico is deceptive, but I also agree that many people say that the majority of ico is trash. I myself have tried to save and trade with one of the coins that just emerged from an ico project. and finally destroyed, most newly emerging coins cannot maintain a positive price trend from the initial release of the coins in the crypto market. all of this makes people or investors lack trust in all the new ico coins that appear. I myself feel that the feeling of worry in holding a new ico coin appears greater than holding the top 10 coins. and it's better not to keep it for a long time, before we regret it in the end.
Yes, last good icos were in 2018.
In 2019 all intresting projects are doing IEO
In 2019 all intresting projects are doing IEO
I do not agree with the statement that all current ICO projects are garbage. Of course, there are a lot of fraudulent projects, we can’t do without it, because everyone is allowed to participate in this process and there is a great opportunity to raise large amounts of money, however there are good and useful projects that offer very interesting innovative solutions or simply will be useful to people . This is life and there is a place for scammers and honest people. Our task so far is to learn how to correctly distinguish scammers from good projects.
The idea that all ICOs are trash is false. Most of the big projects and coins we see on the market today are kind courtesy of ICOs. However, there is time and season for everything and as technology and developments advance, new strategies and ways of doing things come into the seen and this is why ICOs have been overtaken by IEOs.
The number of scam cases is certainly the biggest factor that makes investors afraid to put their money in ICO, now it is too difficult to get a good ICO like 2017 so investors prefer to buy top rank coins like bitcoin, ripple, dash and so on.
The number of ICO scams that occur will affect investor confidence in investing and this also has an impact on new projects that want to raise funds. But with IEO, a good new project will definitely go this way because it is equally profitable between the investor and the developer team.
The number of scam cases is certainly the biggest factor that makes investors afraid to put their money in ICO, now it is too difficult to get a good ICO like 2017 so investors prefer to buy top rank coins like bitcoin, ripple, dash and so on.
ICO was just a transition that was in trend for sometime. Some good projects came out of it, such today are still existing and people were glad they invested in them. Although, most of them were scam and the reason for there to be a new form of investment, that investors find secured to do.
Funny that this thread is almost a year old and yet here we are at the end of 2019 and people continue to be fooled by these scamming project devs and bounty hunters continue to advertise for them, sometimes getting scammed themselves. There's going to be no resolution to this until people stop falling for the same tricks time after time. Doesn't anyone involved in ico's learn from their mistakes? Is it greed?
The only reason why you think that all are scams is because you have never knew more than 10 project at any given time. And I bet that for you to even remember names of them, you have to go to cmc to see their names.
I doubt that's the reason at all. I have never seen so many scam accusations against ico's as in 2019. It is true that I don't know how many projects are being launched at any given time, but I do know that there shouldn't be *that* many of them pulling scams. There also hasn't been one that I've heard of which has been ground breaking in its tech or with its real world applications. Show me one, please.
I strongly agree with your statement, that 2018 & 2019 is the worst year for an ICO project in the history of cryptoqurrency world, almost 70% of ICO projects are rubbish. 20% of projects failed because the product could not work properly and 10% many difficult tokens were listed on the exchange and when listed the price dropped drastically as if they were dead. this is what I feel
In order for ICO to be successful, coins should be in demand and really should be used by people. Do not just keep it as an investment, but use it for everyday purposes. Who said that Bitcoin is successful? Bitcoin is not successful, it's just expensive.
It is not jus ICO
Some old coins like DeVCoins have admins stealing coins by changing system of rewards
In order for ICO to be successful, coins should be in demand and really should be used by people. Do not just keep it as an investment, but use it for everyday purposes. Who said that Bitcoin is successful? Bitcoin is not successful, it's just expensive.
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