Topic: Death of ICOs - page 11. (Read 1774 times)
many reasons do make people not invest in ICO anymore. and I think the biggest reason is because of fraud and also failed projects that make investors leave ICO and market conditions make people prefer to invest in coins that have better potential than having to bet on new altcoin.
in my opinion the main thing that makes ICO dead is that there are many ICO scams and also this bear market makes investors afraid of ICO
more precisely because of the many scam projects and fake teams. the issue of bear market does not seem to be very significant, the proof is that there are some projects that have survived even in bear conditions.from my sight, the project team is currently only thinking about raising funds, not prioritizing the product, mission and vision.
if the product concept provided by the project is not convincing then it will ultimately lead to a scam. the scammer project is what made ICO dead.
Plus, the trust issues with bounty hunters who mainly impacts the most projects in cryptocurrency space. Low quality contents of the contents creators that advertises the ICOs. Because it is mainly not always an issue to say all ICO's are Scams.
On this year probably they will gradually decreasing because of being frustrated wherein since investor's became skeptical to put money in the line due to some causes and rumors around the internet about ico's. For sure there is someone will create another option where they can fishing. Such what happened after ICO's problem there's an IEO emerge presenting a good idea but unfortunately there's no real things in it . Lmao
and worse, the new tokens from the new ico mostly do not have a high degree of liability so they always lose out in the market. even after the initial launch to the public, the exchange price was very low and we could not even see the potential of the token. it must also be the team's focus that the tokens must have high liquidity so that at the beginning of the launching they can get high volumes and pumps.
Crypto is a rapidly changing tech and ICO was one of the first experiment of using blockchain for raising funds. There were several reasons for it to fail and the prime of all being the security of the funds as anyone could set up an attractive site and pay for a well written piece of fiction as whitepaper and get easy money. ICO is dead for the good. We still need improvement on how we invest through blockchain.
Investors really looking for a one time big time profit they can gainnfrom, so ICO are cautiously looking out for a quality ICO that could give that kind of return. I think one thing ICO is slowly getting phase out is that there are no certainty of getting your money back as the project will turn into scam.
The havok created by ICO is just so unbearable. I won't in my right sense invest without proper research
basically investors don't benefit from their investments, so don't be surprised if icos die slowly. how is it that ico will continue to live if the essence of it never gets anything commensurate, that's the real problem in my opinion
ICO terminations in 2019 were unimaginably inadequate contrasted with 2018 August and October both had none, while January 2018 had 160 projects. All things considered, 2019 projects raised additionally funding on average $6.8 million contrasted with 2018 $132,000, still ICOs are losing popularity because of
1. Concerns with funded projects
2. Regulatory hurdles with selling the tokens
3. Crypto bear market
1. Concerns with funded projects
2. Regulatory hurdles with selling the tokens
3. Crypto bear market
There are still ICO do success but most of the time a lot of ICO loses it's possibilities that it would success. Therefore, most of investor are scared to invest for some ICO. Most of the ICO do I have joined was already scam even the manager was trusted, it cannot do anything if the developer was the one who are the scammer.
You can doubt on a lot of ICO that's why they do trading or holding top coins than investing on ICO.
Let's wait, maybe after market conditions improve there will be potential for real projects to do such as crowdfunding events. For now the average project fails, because investors prefer those on the market today. Sometimes in addition to fake teams or plagiarism in whitepapers, scammers are now very clever to steal investors' money. One way to identify scam projects is that there are no recent innovations but only imitations, and there are no real activities, such as meetings.
still ICOs are losing popularity because of
1. Concerns with funded projects
2. Regulatory hurdles with selling the tokens
3. Crypto bear market
1. Concerns with funded projects
2. Regulatory hurdles with selling the tokens
3. Crypto bear market
How is it possible that you have forgotten both magic words? Oh I know you must be wondering what I'm talking about, right? Here are the two magic words that make people stop investing money in these ICOs:
1 - FAKE TEAM
2 - Plagiarized Whitepaper
You can look at the number of scam cases: Scam Accusations
Now that's what I often see in ICO projects, they always fake themselves so that the name isn't tarnished but still the scamer is sure to be caught no matter how skillful it is,
I often visit Scam Accusations, there are indeed many projects that fake the team and plagiarism in the white paper.
still ICOs are losing popularity because of
1. Concerns with funded projects
2. Regulatory hurdles with selling the tokens
3. Crypto bear market
1. Concerns with funded projects
2. Regulatory hurdles with selling the tokens
3. Crypto bear market
How is it possible that you have forgotten both magic words? Oh I know you must be wondering what I'm talking about, right? Here are the two magic words that make people stop investing money in these ICOs:
1 - FAKE TEAM
2 - Plagiarized Whitepaper
You can look at the number of scam cases: Scam Accusations
ICO terminations in 2019 were unimaginably inadequate contrasted with 2018 August and October both had none, while January 2018 had 160 projects. All things considered, 2019 projects raised additionally funding on average $6.8 million contrasted with 2018 $132,000, still ICOs are losing popularity because of
1. Concerns with funded projects
2. Regulatory hurdles with selling the tokens
3. Crypto bear market
I really doubt that the entire scene of ICO'S and IEO is dying but at the current moment they have almost slowed down to a crawl, it is because many were scams to begin with. Now that the SEC has the scene in a vice grip, scammers have slowed down, but there are some legitimate projects out there that are being postponed or are afraid to push forward due to the regulations for securities. I don't believe every ICO is selling securities, but many are I guess! 1. Concerns with funded projects
2. Regulatory hurdles with selling the tokens
3. Crypto bear market
ICO terminations in 2019 were unimaginably inadequate contrasted with 2018 August and October both had none, while January 2018 had 160 projects. All things considered, 2019 projects raised additionally funding on average $6.8 million contrasted with 2018 $132,000, still ICOs are losing popularity because of
1. Concerns with funded projects
2. Regulatory hurdles with selling the tokens
3. Crypto bear market
1. Concerns with funded projects
2. Regulatory hurdles with selling the tokens
3. Crypto bear market
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