ARE ICOS STILL LEGIT? | Bitcointalksearch.org

Darktongue

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Quote from: robelneo on October 24, 2020, 03:49:05 AM

Quote from: upyem2k on September 07, 2019, 03:39:48 AM

We heard the news of IEO to be in place of ICO in order to curb the high rate of failure and scams in the development of altcoins projects in this year 2019. My surprise is that I still see series of projects claiming to be in ICOs. Doesn't that make them scam as we have seen in the same scenarios in the past?

If it is, I wonder why people still invest whether their time or monies in such projects which have high risk of loss or being scammed.

It's a case to case basis ICO can only become legit if a project that is holding this type of crowdfunding is legit and the developers are worthy of trust but, if the project is unquestionable then the ICO is not going to be legit.

Investors should only support projects that's holding an ICO if they are legit, because you have no way to get your money back in case the developers run away with your money, there are a lot of risk attach to ICO, and it was proven by many failed projects in the past.

I think ICO or IEO, all were made for investors trust. Good exchange just research on some new projects where we believe and make some investment. ICO and IEO both are the legit but scammer ruined the name from investors. We know even after invention new process, scammer will take that opportunity.

Dhoe

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Quote from: shaheer001 on October 24, 2020, 12:05:04 AM

You are right there is some project which has conducted ICo on their own platform like AMEPAY and they have successfully got the soft cap and private sale is in progress. I think it depends on the project and its team which makes trust and investors interest to invest in the project.

There are only a few ICO projects that are still legit, most of them are scam, I think ICO project is over, many investors are reluctant to invest in ICO, now the DeFi project is trending, But I also see the DeFi project hype will also end, because many investors have loss their money in DeFi project. So be careful if you want to be investors.

shaheer001

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You are right there is some project which has conducted ICo on their own platform like AMEPAY and they have successfully got the soft cap and private sale is in progress. I think it depends on the project and its team which makes trust and investors interest to invest in the project.

totoy4741

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Quote from: shaheer001 on October 24, 2020, 12:05:04 AM

You are right there is some project which has conducted ICo on their own platform like AMEPAY and they have successfully got the soft cap and private sale is in progress. I think it depends on the project and its team which makes trust and investors interest to invest in the project.

Yes, I agree that ICO is still alive, There are lots of projects most especially yield farming projects using the ICO kind of way to raise funds to be used in build the platform. It will be never gone, but seldomly use. I guess time will come that ICO will be revive there will be no other options or way to raise funds through ICO.

robelneo

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Quote from: upyem2k on September 07, 2019, 03:39:48 AM

We heard the news of IEO to be in place of ICO in order to curb the high rate of failure and scams in the development of altcoins projects in this year 2019. My surprise is that I still see series of projects claiming to be in ICOs. Doesn't that make them scam as we have seen in the same scenarios in the past?

If it is, I wonder why people still invest whether their time or monies in such projects which have high risk of loss or being scammed.

It's a case to case basis ICO can only become legit if a project that is holding this type of crowdfunding is legit and the developers are worthy of trust but, if the project is unquestionable then the ICO is not going to be legit.

Investors should only support projects that's holding an ICO if they are legit, because you have no way to get your money back in case the developers run away with your money, there are a lot of risk attach to ICO, and it was proven by many failed projects in the past.

Greatdev

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Sovryn - Brings DeFi to Bitcoin

Initial coin offering is still legit, the problem is from the projects that are using ICO to raise funds, scammers are using the strategy to extort money and give fake promises in return, in the end they exit scam, this is why investors don't trust ICO any more but ICO is very good, only strong project use ICO today because there is a high chance that investors won't Invest, the project must be damn good to attract investors

Wawa2013

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Unfortunately the ICO trend has ended now, investors are no longer interested in ICO projects. Now what is booming are DeFi projects,
many people are FOMO to invest in DeFi projects. But not all DeFi projects are good, we have to do some research to find out good DeFi
projects for investment. Besides DeFi projects, we can still invest in IEO projects, because the IEO trend is not over. There are still several
profitable IEO projects, although there are not many of them.

Gibreil

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Quote from: yeamin.rsl on October 23, 2020, 03:06:06 PM

I don't think so ICO's are still worthy of investing . Most of the ICO's are creating to steal peoples money .

Why people still invest whether their time or monies in such projects because they want to get-rich very fast from crypto .

People are investing still in ICO because they are still hoping to have a good coin. Yes, it will give you an instant money but the risk potential that you are facing is too high. As we all know that ICO had scammed issue even before. In fact, many people lose their lives because of it. Therefore, those who are still believing from ICO are tough and has a lot of money to be spend. They are also the investors who won from past ICOs that gave to them much of money. We don`t know the cause, we should just wish good result for them.

yeamin.rsl

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I don't think so ICO's are still worthy of investing . Most of the ICO's are creating to steal peoples money .

Why people still invest whether their time or monies in such projects because they want to get-rich very fast from crypto .

Cryptoangel01

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It's been long I heard about ICOs I doubt if they are even profitable, not too many people are familiar with the ICO age anymore. The good old days!

luckyflop

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Yes, In each era you could see good ICOs and Scam ICOs, Even in 2017 when it was ICO time, there were so many scam ICOs, now something newer than ICO has come recently called IPO, upcoming IPO I'm looking forward to is Equilibrium, Equilibrium token swap is over, so I consider taking part in their IPO on Polkadot. Seems like a no-risk deal, so I can take my DOTs back under any scenario.

H1N1

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Seems like there are many people in cryptocurrency doubting the ICO projects, look at this thread : https://bitcointalksearch.org/topic/--5263972
Not all ICOs are legit indeed, but not all ICOs are scam, there are some real project although only 1 or 2 projects at the moment.
The key is, never quickly decide to invest on project without proper due diligence or we will lose our money.

litepool.ru

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There are still legit ICOs like , the graph which is happening today but seems like farming and staking is working better, no risk of getting a pulled rug, and You can stake and farm with stable coins.

naikturun

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Undeads.com - P2E Runner Game

Of course still if you choose a good project.
just because IEO was booming at the time doesn't mean it will replace ico forever.
the proof is that until now ico is still there and IEO performance is normal.
it doesn't matter how the project raises funds, the most important thing is whether the project's performance will be good or not.

Jeremy Franklin

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What kind of question is this? seriously? some are some are not. Do your own research and find out. Nobody on this forum can tell you what's best for your money, it's your choice ffs.

Quote from: (o)(o)ilikeboobs(o)(o) on October 19, 2020, 09:55:38 AM

ICOs for anonymous projects are illegal and it is still going on, I have not seen any litigation related to these projects as these projects are unknown owners.
For projects with clear owners and company registrations, the ICO is legal since they have registered the company in a country that allows an ICO to be held, usually an ICO comes with AML / KYC standards.

When an ICO doesnt fulfill the legal regulations of a certain country don't participate. easy as that.

Quote from: rahmatullah9305 on October 19, 2020, 10:26:45 AM

Quote from: Cryptoababe on October 17, 2020, 12:40:42 PM

Many have been scam with ICO. I dont think ICO are still Legit. That's my opinion. These days, projects prefer ICO to IEO of they know they are not Legit enough to do IEO

I think something is upside down, now it's not the era of ICO anymore, even IEOs have started to be quiet since DeFi was established, although some people still think that DeFi won't last long, but DeFi is currently in a good trend.

Most DeFis are scams. same ICOs were in 2017. dont burn yourself.

max6575

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Vave.com

to qualify with the terms of evaluation as preparing entrance to work with the launching and release of offers for the product and service for public marketplace as following distinct with strategy as different appeals might be taken comparing one to other investors for the startup project on ico field.

olabiyijummy02

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ICOs are not really and characteristically awful. Sadly, real financing needs are handily mixed with false activities without guideline, As with stopping cash in any instrument, investors are asked to practice alert and due persistence.The idea of ICOs, nonetheless, is liquid and strong. It doesn't take a lot to take an interest in an ICO up to a financial specialist has digital currencies in any case. Back in the prime of ICOs, there were hardly any guidelines (for better or for more terrible) and no legitimate insurance for financial specialists. An ICO business visionary may distribute a white paper specifying the reason and subtleties of the activity, and still, after all that, it could in all likelihood be created.

rahmatullah9305

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Quote from: Cryptoababe on October 17, 2020, 12:40:42 PM

Many have been scam with ICO. I dont think ICO are still Legit. That's my opinion. These days, projects prefer ICO to IEO of they know they are not Legit enough to do IEO

I think something is upside down, now it's not the era of ICO anymore, even IEOs have started to be quiet since DeFi was established, although some people still think that DeFi won't last long, but DeFi is currently in a good trend.

deathcode

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Quote from: (o)(o)ilikeboobs(o)(o) on October 19, 2020, 09:55:38 AM

ICOs for anonymous projects are illegal and it is still going on, I have not seen any litigation related to these projects as these projects are unknown owners.
For projects with clear owners and company registrations, the ICO is legal since they have registered the company in a country that allows an ICO to be held, usually an ICO comes with AML / KYC standards.

be careful with KYC, not everything that is legal and asks for KYC can look good. sometimes you will just fall victim to documents that were taken away by a project scam. we have seen it in the past, don't be repeated for this year and in the future. The ICO may still be running, but how can the market respond when a clearer one is on the market?

prince V

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Quote from: (o)(o)ilikeboobs(o)(o) on October 19, 2020, 09:55:38 AM

ICOs for anonymous projects are illegal and it is still going on, I have not seen any litigation related to these projects as these projects are unknown owners.
For projects with clear owners and company registrations, the ICO is legal since they have registered the company in a country that allows an ICO to be held, usually an ICO comes with AML / KYC standards.

For projects that are legal like you said, they will not be afraid to lose interest from investors by choosing to do ICO over IEO. Because experienced investors certainly know which projects are legal or at least sponsored by registered companies.

Topic: ARE ICOS STILL LEGIT? (Read 4741 times)