Topic: Are ICOs scam? - page 4. (Read 5461 times)
research as much as possible as you can, if you feel its scam then don't go for it
Of all ICO's that are being launch and poping up anywhere on today's era, i'd say there is a 20% chance that it is a scam because some people have proven it and expose it so it depends on your point of view whether you want to trust it or not. We all should be careful on choosing the right ICO so we really need to observe it first before giving our trust to it.
The probability of an ICO to be a scam is low becuase the community here can determine somehow or sometimes if it does. If the altcoin receives a lot of positive feedback from the investors and workers then it is possible that it might be succesful. Vice versa when a lot of the reply is negative. Also, the one who manages it is also a factor. If the manager has a positive trust then mostly it is legot but if the manager has negatove trust then most likely it is a scam.
Now there are a lot of scammers in the ICO sphere. People earn easy money by deceiving their investors. You have to be more careful!
Without investments, there will be no new coins. In ordinary start-ups, there is also a percentage of failed and fraudulent ones. With a conscious selection of ICO, the likelihood of hitting scammers is extremely low.
Not every ico's are scam but in order to know if it is a scam then you should look at the developers, Also try to look at the manager who will handle the platform because they are those who are going to give the payouts.
If you research enough you will see its not a scam, just like a stat up project that need funding. But be really ady to lose the money you put it in, if you didnt research a lot. Many ico right now are somewhat sketchy
All ICO are not scams but you need to be choosy when selecting the ICO. I think in order to avoid scam in ICO, there should be proper authority which provide escrow services for ICO. The amount collected through ICO should be given to escrow provider who will only give coin to dev, once he give coins to the buyer. Maybe one day, some one take these pre-cutionary steps.
They're not scam, but the thing is that you need to be selecting the legit ones. Otherwise they can easily exploit your investments by spending them on their own purposes. ICOs need regulation.
it depends. did you do your reasearch on the ICO? you should always learn a few things about the team behind the project or join a telegram group to get some more info.
If you research enough you will see its not a scam, just like a stat up project that need funding. But be really ady to lose the money you put it in, if you didnt research a lot. Many ico right now are somewhat sketchy
All ICO are not scams but you need to be choosy when selecting the ICO. I think in order to avoid scam in ICO, there should be proper authority which provide escrow services for ICO. The amount collected through ICO should be given to escrow provider who will only give coin to dev, once he give coins to the buyer. Maybe one day, some one take these pre-cutionary steps.
No one word answer to this one.
While ICOs allow for easy dump schemes, there are some genuine projects. Essentially it is a situation where amidst a largely negative dominated ecosystem - there is the small, but relevant, amount of positive projects depending on the existence of that ecosystem for vitality.
I would advise you to do research on a case by case basis and just look at individual ICO projects and try to apply something like Charlie Munger's two-track analysis when making a decision.
While ICOs allow for easy dump schemes, there are some genuine projects. Essentially it is a situation where amidst a largely negative dominated ecosystem - there is the small, but relevant, amount of positive projects depending on the existence of that ecosystem for vitality.
I would advise you to do research on a case by case basis and just look at individual ICO projects and try to apply something like Charlie Munger's two-track analysis when making a decision.
It depends some are legit and some are not .. If the company promise but its sound like too good to be true , if the admin/manager are lazy be aware .. If the program or there articles are nonsense dont buy there tokens.. Its hard to earn money so choose wisely you can use your common sense to determined whether it is or not. If there are transparent in there program and aervice then grab it but if its anonymity then think about it if you want to risky your money in that ICO
I don't think that ICOs are scam because if you want to invest in good or legit ICO then don't invest to the projects that have an anonymity and not a transparent project because transparency is the best thing to have in a project so you can do more research to verify if those people are a good for their position on the project.
IF you have earned money from them, then they are not scams.
There's a lot quality ICOs. And it's not so hard to identify them: read the company policy, learn about the team, look for useful information about it on the internet.
If you research enough you will see its not a scam, just like a stat up project that need funding. But be really ady to lose the money you put it in, if you didnt research a lot. Many ico right now are somewhat sketchy
Well, somehow, yes they are. There are not so many guarantees for investors comparing to IPO
ICOs were not scam before and there are still some good projects out there you can safely invest your money but number of scams are getting higher each day. You need to be very careful before you decide to participate in one of them. Analyze them well and read everything about the ICO and of course don't forget to check the team behind ICO. If they all seems real and trustworthy you can invest.
never ran into scammers ICO
i might say the ICO is Scam if you don't qualify in their KYC
even you joined in their bounty campaign.
and you wont receive the token that you earned in the campaign.
even you joined in their bounty campaign.
and you wont receive the token that you earned in the campaign.
KYC is needed in ICO right now, do not to join in ICO if do not have a KYC is the best choice.
KYC and Escrow is an important to see that before joined.
They can turn up to be scam, all of them.. if the blockchain technology fails to provide a future and be integrated in our everyday lives.
Without it ICO`s are worthless..
Without it ICO`s are worthless..
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