can someone explain why so many ICO's are scams? - page 2.

DancoinsBTC

newbie

Activity: 65

Merit: 0

Because this is a good way to make money. Undecided

Scam is really a lot, the only way to protect yourself is to choose carefully. 'm working with the German project Vreo.io, maybe someone heard. They are doing dynamic in-game advertising and going to create marketplace for developers and advertisers. There is enough information on the Internet about the criteria for choosing ICO. The main ones
1. Uniqueness, necessity of idea
2.Clear target
3.Scalability
4.Transparency, properly allocated budget
5.Concept
6.Team
7.Distribution of tokens

tenu

newbie

Activity: 79

Merit: 0

It's simple. If the IPO is regulated by law, then the legislation on ICO is only being developed (an excellent example is Belarus, where it has recently become effective). And some people have a great temptation to do nothing, not developing useful models, not doing difficult research just take your money and go very far

Avalonist

jr. member

Activity: 112

Merit: 2

Cause you can raise millions without investing much. It doesnt concern all of the ICO,
but most of them wont even launch. Even if theyre not scammers, hard to find your investor
when hundreds of other ICOs appear every day, you might not get noticed even with a good idea

loveb

newbie

Activity: 14

Merit: 0

Quote from: mtonev on March 30, 2018, 05:28:25 AM

Because many people just looking to get a large amount of money and after this disaster.

A not scam ICO will have:
- a good team with a background behind them
- good written WhitePaper - no just whitepaper a good one with details about the project they are going to build
as detailed as can - the most white papers a have reviewed are 'Bla Bla Bla'
- good design of the ICO website
- KYC is also a very strong point which indicate the ICO plan to list their Token to markets - the KYC process is not free

This is just the most important things to take a look at an ICO.

Totally agreed about bla bla bla section. I've seen great ideas with no real decisions behind them at all.

mtonev

newbie

Activity: 5

Merit: 0

Because many people just looking to get a large amount of money and after this disaster.

A not scam ICO will have:
- a good team with a background behind them
- good written WhitePaper - no just whitepaper a good one with details about the project they are going to build
as detailed as can - the most white papers a have reviewed are 'Bla Bla Bla'
- good design of the ICO website
- KYC is also a very strong point which indicate the ICO plan to list their Token to markets - the KYC process is not free

This is just the most important things to take a look at an ICO.

Gugel

newbie

Activity: 14

Merit: 0

question from the series, why so many crimes in the streets?

Thefrolly

sr. member

Activity: 672

Merit: 250

CryptoTalk.Org - Get Paid for every Post!

ICOs that are scams are sham companies seeking to fraud the crypto users and get away with the money raised from crowdfunding, many a times the projects are hyped, and the supposed developers only avail a small amount of the tokes, rasing its prices, they later release the hoarded portion when the prices are relatively high, dump the rest of the tokens and go under. its normally too late when the investors realize it was a scam

Ananastasia

newbie

Activity: 28

Merit: 0

I think even though several ICO reveals to be scams in the end, it is not the big majority. Also the failures are more because of a few middle men greediness than projects themselves

danielkruchin

newbie

Activity: 60

Merit: 0

These kind of scams are nothing new and not exclusive to the blockchain platforms. You make a sham company and look for investors that don't scrutinize enough or believe in too much and then try to leech money from the as long as they don't notice. It is just rampant on ICOs right now because it is the new hot thing. Just use your normal logic as if you are investing in a startup company and you will be ok. Make sure to find the real people behind the project.

Cici5555555

newbie

Activity: 2

Merit: 0

Quote from: MXgirl150 on March 26, 2018, 11:23:28 AM

All I hear about is that ICOs are scams and you need to watch out... Can someone explain why so many of these things are scams? What percentage do you think are legit businesses?

Most of them are only base on concepts without any reality. That's why so many of them are scams

Sferium

newbie

Activity: 14

Merit: 3

Potential buyers should read, read and read before they get themselves involved in buying into ICOs. Some are really good projects with great potential while a majority of them are outright scams.

Ahmad Raditya

member

Activity: 154

Merit: 10

"PLAYHALL - SKILL GAMING PLATFORM"

I have been following several ICO projects and so far I have only found one project that is a scam project, of course the scam project is very influential on the confidence of investors who want to participate with ICO, so this is so detrimental to the world Cryptocurrency, the emergence of ICO scam project can not be separated from the hard to track the flow of funds flowing from the ICO project so that it becomes a fraudulent opportunity for those responsible.

verziagra

newbie

Activity: 210

Merit: 0

Because From the price for the purchase of low tokens and not reaching softcap.

Erik234

jr. member

Activity: 38

Merit: 1

The cryptocurrency market has become very popular, many are looking for easy earnings and thoughtlessly invest their money , do not want to understand the details.
This attracts a lot of scammers who want to get a lot of money.

rivkavender

newbie

Activity: 56

Merit: 0

alot of them because they do not include USA which is a big red flag in general because of regulations and USA has strict ones.

Alot of them are quick money grabs and have no real purpose!

alot of them name drop alot of big companies with no soild proof they are in partnership with them to get more peoples attention like big car brands

One ICO i seen recently that i think is a scam is Eligma and i may be wrong but i have seen them try to describe what their doing and they cant!

neo444

full member

Activity: 434

Merit: 102

Many ICO are scams because they exist many scams compagnie who invest their many to make scam airdrop and invest ethereum and bitcoin sites to stolen many from many people who want to make profits so becareful and don't put your money before you check the validity of ICO

Avalonist

jr. member

Activity: 112

Merit: 2

Today you have to be very lucky to invest in profitable ICO.
There are hundreds of them created each day and only few reach their soft/hard cap.
Others are scam, so you have to be really careful choosing

Ender19

newbie

Activity: 54

Merit: 0

Quote from: BETnaBET on March 28, 2018, 05:10:12 PM

Quote from: MXgirl150 on March 26, 2018, 11:23:28 AM

All I hear about is that ICOs are scams and you need to watch out... Can someone explain why so many of these things are scams? What percentage do you think are legit businesses?

I don't know also whY so many ico scam. Because my sister one of those their victims in many campaign she was have no pay. They have necer think about the life of others. They just think about their selves how to get money. But we know they will not last. That is just money, God will blessed us too just wait.

It was hard to understand you but I think I'm in full agreement. Just be patient, don't get greedy and you'll be ok

BETnaBET

newbie

Activity: 125

Merit: 0

Quote from: MXgirl150 on March 26, 2018, 11:23:28 AM

All I hear about is that ICOs are scams and you need to watch out... Can someone explain why so many of these things are scams? What percentage do you think are legit businesses?

I don't know also whY so many ico scam. Because my sister one of those their victims in many campaign she was have no pay. They have necer think about the life of others. They just think about their selves how to get money. But we know they will not last. That is just money, God will blessed us too just wait.

reypinioco

member

Activity: 182

Merit: 19

1/10 ICOs is legit that is thru my experience that is why you need to carefully look for the redflags if you are planning to invest into a certain ICO.This is one of the cons of being unregulated or decentralized of these ICOs,because people which so much programming skills can easily fake projects that might steal a lot of money from people that is why we need change the system so that less people will be scammed.

Topic: can someone explain why so many ICO's are scams? - page 2. (Read 517 times)