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Topic: ARE ICOS STILL LEGIT? - page 2. (Read 4741 times)

full member
Activity: 826
Merit: 105
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.
sr. member
Activity: 2002
Merit: 250
October 19, 2020, 09:49:24 AM
Legit for ICO defi, apart from ICO defi I think many fail, I am surprised, many ICO Defi is now much more trusted,
even though they don't do IEO on popular exchanges, for example XYFI, they get very large funds from ICO,
even though their team is anonymous I don't know what it will end,
full member
Activity: 1638
Merit: 122
October 19, 2020, 09:02:25 AM
Many have been scam with ICO. I dont think ICO are still Legit. That's my opinion.  
just because many have been scammed does that mean ico are not legit anymore ? can i say that those people are just too much excited that they join and join without thinking that they can be scammed and why others didnt get scammed ?

Quote
These days, projects prefer ICO
not ico nor ieo but defi was the latest now . people take the oppurtunity and to go with the flow because this is what they think they can earn easy than sticking on older methods of funding and investing but nothing wrong of going for ico , infact i will not join these hypsters but i will support the forgoten ones .
full member
Activity: 2576
Merit: 205
October 19, 2020, 07:53:54 AM
ICO fund raising is legit but ICO projects have worse history in crypto space since 2018 because of scammers and no investors want to invest money on ICO projects, we are in 2020 now and IEO is still doing better, many said IEO will die just like ICO but they are wrong, exchanges stands between new projects and investors, for Exchanges to prosper in this space they have to keep their reputations too and safe guide their investors, this is why I believe that IEO will last longer than ICO.
well ICO goes long time before finally turns scam so saying that IEO will not end the same is too early to talk.
Yeah they are making good move these days but lets see in years to come.
For me ICOs are not effective anymore hence these type of crowd funding are prone to turn into scams and there were lots of scam projects that during 2018 and 2019 respectively were ran thru ICOs that more likely ended up to scam. IEOs are most trusted now wherein investors can take assurance  if anything goes wrong or it failed to gather a certain amount of funds they are guaranteed to be refunded by the exchange platform.
actually it is effective for scammers lol,ICO are long gone mate and i don't know if there is a good place for crypto anymore after what
 majority of them did in this market.
legendary
Activity: 3318
Merit: 1185
Playbet.io - Crypto Casino and Sportsbook
October 19, 2020, 07:38:28 AM
ICO fund raising is legit but ICO projects have worse history in crypto space since 2018 because of scammers and no investors want to invest money on ICO projects, we are in 2020 now and IEO is still doing better, many said IEO will die just like ICO but they are wrong, exchanges stands between new projects and investors, for Exchanges to prosper in this space they have to keep their reputations too and safe guide their investors,
ICO is almost non existent now, not because they are barred from operating but because they can't find investors.
The mindset of the investors about ICO was already fix, ICO=SCAM.

this is why I believe that IEO will last longer than ICO.
I think the hype of IEO was is not here anymore, De-Fi is the new thing now.
member
Activity: 560
Merit: 28
SAPG Pre-Sale Live on Uniswap!
October 19, 2020, 06:57:08 AM
ICO fund raising is legit but ICO projects have worse history in crypto space since 2018 because of scammers and no investors want to invest money on ICO projects, we are in 2020 now and IEO is still doing better, many said IEO will die just like ICO but they are wrong, exchanges stands between new projects and investors, for Exchanges to prosper in this space they have to keep their reputations too and safe guide their investors, this is why I believe that IEO will last longer than ICO.
sr. member
Activity: 1638
Merit: 255
October 19, 2020, 04:55:40 AM
Of course, Ico is still legit but less profitable for now, and the ico project still exists but 99% scams.
So for now it is better to leave ico if there is more profitable than such a defi project.
Defi is not much different from ieo and ico, the difference is the system only. All three are cryptocurrency projects.
Since it is on popular, then we have to follow the trend, and the same with ico someday surely the defi project will also end the trend just do not know when it will happen.
full member
Activity: 1190
Merit: 100
October 17, 2020, 01:14:55 PM
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.

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

Previously, ICO was replaced with IEO, for the safety of user funds. But after the DeFi hype was huge, now even ICOs have started growing again and some projects are scam. There are also projects still using the ICO system using platforms such as the Bounce Platform or Zoom Protocol. I did that, because I saw this project as good. Why doesn't the project do an IEO. because now the IEO is not what it used to be. And back to the ICO, but in general we do have to be careful.
member
Activity: 919
Merit: 19
Do it For Better Humanity (Bitget trader)
October 17, 2020, 12:40:42 PM
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.

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
sr. member
Activity: 1162
Merit: 253
October 17, 2020, 10:58:57 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.

When it comes to investing people should do their own research if they find something that will interest and they think that the project is good and honest even on the cost of sending their money unprotected because of the nature of ICO, they should know the risk of investing in ICO type of investment, projects still prefer ICO because there are still investors investing in ICO when it should be stopped because of the many scams that happen in the past.
well, I really agree with what you said because until now I think investors don't like ICO anymore because I see many ICO projects stop in the middle of the road and many are scams that make investors not interested anymore.
plr
member
Activity: 1162
Merit: 24
October 17, 2020, 09:52:24 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.

When it comes to investing people should do their own research if they find something that will interest and they think that the project is good and honest even on the cost of sending their money unprotected because of the nature of ICO, they should know the risk of investing in ICO type of investment, projects still prefer ICO because there are still investors investing in ICO when it should be stopped because of the many scams that happen in the past.
member
Activity: 2044
Merit: 16
October 17, 2020, 09:34:48 AM
For me ICOs are not effective anymore hence these type of crowd funding are prone to turn into scams and there were lots of scam projects that during 2018 and 2019 respectively were ran thru ICOs that more likely ended up to scam. IEOs are most trusted now wherein investors can take assurance  if anything goes wrong or it failed to gather a certain amount of funds they are guaranteed to be refunded by the exchange platform.
sr. member
Activity: 1092
Merit: 256
October 17, 2020, 09:27:32 AM
we can check new ico that launched in several telegram group. join at ico differ, coin generation , 7top ico and many other will help us to find legit ICO.
platform informing about ICO has no influence on investor safety, OP asked us if ICO still worth it or not?!
.
The answer to that is we have to be clever, thorough and understand how to analyze the project. An investment in an ICO is still worth it if we manage to avoid the scammers. Until now, I think the risk of investing in startups is still very risky.
And projects that I can still trust are projects that already have a strong foundation, such as Binance which sells BNB by IEO which is the largest native token exchange in cryptocurrency. And sure enough, the BNB price went up hundreds of percent

full member
Activity: 630
Merit: 102
October 17, 2020, 09:12:55 AM
Legit or not it all depends on the project, not on the method used such as ICO / IEO / Bonding Curve.
If the developer really intends to develop the project any method is definitely legit.

But mostly a few percent, the project is not all successful this year, to run an ICO / IEO, whether it makes it very difficult for new projects or those that are half way through, sometimes do not meet the targets set by the project, so often they don't have the capital to develop their projects and eventually all the funds are returned to all investors, in fact all projects must think hard to carry out all this with other methods that might attract investors' interest back.

Even though the DeFi Project has been developing recently, there hasn't been any truly legitimate project for any investor or bounty hunter yet ..
hero member
Activity: 2856
Merit: 667
October 17, 2020, 08:49:29 AM
not even some ico maybe there is better than ieo.
actually most Ico and Ieo have in common, namely projects whose releases mostly fail and don't last long.
but ieo is a little more desirable because there is an exchange that guarantees the token is listed and in the future it will be the same as ico if the project is bad it will not last long.
Actually there's also a lot of ICO projects that still exist until today. this is not about the fundraising model, but this is about the projects, whether they will do the projects properly or not, or they just want to get easy money, we don't know as well. but when it comes to projects that really legit and genuine, they will set timeline, making it transperan for their supporter and deliver their product.
ICO is the easiest way to raise funds and to invest, it's a win win for investors and the project only if scam does not exist in the crypto space. At the beginning is was a great platform, in fact, lots of great projects that are produce by ICO that are still here until now, to name some, we have ETH, TRON, Waves, and NEO, these are great projects, however, we also can't deny that many of the projects are scam.
legendary
Activity: 1762
Merit: 1002
October 17, 2020, 08:44:41 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.
basicly IEO = ICO, majority project fail hold the price most likely fake investor aka dev buy at them self, and dump to market, same as airdrop these day
there still quite good project raising fund via ico, yeah IEO specially in big exchange have high demand and successfully hold the price after listing,
some ico purposely makes look bad at beginning to avoid buyer and dev can control most of the coin, rebrand it, and viola to the moon
sr. member
Activity: 392
Merit: 250
October 17, 2020, 07:59:23 AM
not even some ico maybe there is better than ieo.
actually most Ico and Ieo have in common, namely projects whose releases mostly fail and don't last long.
but ieo is a little more desirable because there is an exchange that guarantees the token is listed and in the future it will be the same as ico if the project is bad it will not last long.
Actually there's also a lot of ICO projects that still exist until today. this is not about the fundraising model, but this is about the projects, whether they will do the projects properly or not, or they just want to get easy money, we don't know as well. but when it comes to projects that really legit and genuine, they will set timeline, making it transperan for their supporter and deliver their product.
member
Activity: 616
Merit: 12
The Standard Protocol - Solving Inflation
October 17, 2020, 07:53:56 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.
Actually just because there's one bad fruit in a basket doesn't make the rest of the fruits bad also, same in this case, just because there were a few bad ICO's that stole the money of so many investors, doesn't mean all will be bad too, I mean there are still some legit ICO's around, just that investors no longer trust it anymore, even the so called IEO is no longer profitable any more, right now the trend is DeFi and there are alot of scam DeFi projects out there now,scammers will always find their way we just have be careful.
copper member
Activity: 1400
Merit: 103
October 17, 2020, 07:40:21 AM
Legit or not it all depends on the project, not on the method used such as ICO / IEO / Bonding Curve.
If the developer really intends to develop the project any method is definitely legit.
member
Activity: 742
Merit: 42
October 17, 2020, 06:12:34 AM
There are still some good projects that are running ICO's nowadays. Last year IEO's became popular and now it's the DEFI who's on trending. But even ICO's is no longer trending now we can still find legit projects who's into ICO. All we need to do is study depth about the project for us to avoid getting scammed.
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