FIGHTING AGAINST ICO SCAM - page 4. | Bitcointalksearch.org

futile-resistance

hero member

Activity: 840

Merit: 516

Quote from: Chika08 on March 11, 2019, 04:37:54 AM

The fight of scam projects in blockchain industry should be intensified. For over a year, this scam has become a huge problem to the industry and more reasons why I have supported the government regulations to stop this criminals from killing the the industry.

The more reasons why we have to embrace Security Token Offerings (STOs) before they finally discourage investors generally rather than fighting it.

I really wonder what will be going on through the mind of big investors that has been scammed by this projects, it is really disheartening and I don’t think it is enough to know them from the list OP is trying to compiled through his thread because some might be reported falsely. If I were to advice most intending investors, stop investing on new ICOs.

xvids

sr. member

Activity: 1176

Merit: 301

It is hard to fight a scam ICO,
First we don't know if they are scam or not,
We would only know it after the ICO or if they have a fake profile.

Darklinkz

full member

Activity: 448

Merit: 100

There's no need to my friend because there are vigilant members of this forum doing their part and they have done a good job so far. ICOethics are the number one group for me who exposed those greedy scammers and there are also some individuals who listens to accusations like marlboroza and lauda.

jessyj48

member

Activity: 756

Merit: 14

Since there are too many scam ICO since 2018 its better to just go with the ones with assurance and with real life team that are ready for work ,I've learned the hardway ,last year was a very brutal year for me because I nearly lost all my money to these scam ICOs ,but now I spent many hours on ICO to make sure they are real and ready to work

Irvinn

full member

Activity: 966

Merit: 104

Quote from: yescrypto on January 10, 2019, 03:30:20 PM

If fighting against ico scam is not not properly planned I don't see it leaving the crypto only for more scam to pump in. I think there should be an organization even if not from the government but voluntary organization who will verify any ico before being promote if not we are still not save.

Public voluntary bodies will not be able to effectively resist to fraud in cryptocurrency. Fraudsters such bodies will simply ignore. The most effective way to get rid of fraud in ICO projects is government regulation of ICO activities. Although fraud is a crime and the state is obliged to quickly intervene and punish criminals, they are in no hurry to do so. Apparently, in this way they want to discredit the very idea of decentralized cryptocurrency. However, they will soon be forced to do it anyway.

Chika08

jr. member

Activity: 544

Merit: 1

The fight of scam projects in blockchain industry should be intensified. For over a year, this scam has become a huge problem to the industry and more reasons why I have supported the government regulations to stop this criminals from killing the the industry.

Apes

sr. member

Activity: 1316

Merit: 257

one of the problems many bounty hunter follow join and promote ico based by ico rating site. in many ico rating in my opinion. some even plunged the community. the ico rating they review seems the rating can be bought or ordered without actually being reviewed according to the facts. this is one of the problems that makes the ico scam can be fertile. Ico rating should provide information that is independent and trustworthy by investor or the bounty hunter.

deodivine1

copper member

Activity: 657

Merit: 1

Too many scam projects in crypto space, time won't permit me to start listing the much I know. Let's just be guided, proper due diligence will go a long way before buying in. Never buy in because of hype maybe due to paid reviews.

Mmesooma1

copper member

Activity: 150

Merit: 0

So many of them are scam. I observed that the new kind of scam is the type Urunit and Fxpay did. They collect huge amounts of money at ICO, list at a shitty exchange and then run away

kewlc3s

full member

Activity: 672

Merit: 140

I believe there is no point to fight against scam ICO.
The only workable solution at the moment is STO, that will provide more security for investors.
For myself, do not invest in ICO since middle 2017 and happy about that.

paulk11087

sr. member

Activity: 987

Merit: 254

I am one of those who think that this precaution should be taken as someone who has been affected in an incredibly negative way. I will do my best to do that.

cherryganda

full member

Activity: 728

Merit: 131

MOYA TOKEN: their project is to provide cable wires under the sea for AFRICA internet connection
DRONE TOKEN: this is not actually 100 percent scam but a failed project, after sending tokens to participants they are gone.
IDA: this one is created and run by CHINESE team, the project is good and running with exchange but never paid any participants of bounty!

Fredomago

legendary

Activity: 2996

Merit: 1054

Leading Crypto Sports Betting & Casino Platform

Quote from: tippytoes on February 23, 2019, 11:55:10 AM

Quote from: adzino on February 23, 2019, 11:26:36 AM

Quote from: macdevil007 on February 23, 2019, 04:30:27 AM

Its too hard to accused one project without any single evidence or proof that will will do scam or run away your invested money. but before joining them on ICO be sure to read and learned first there whitepaper is it original or copied from other icos (extensive research). the dev team information should be transparent. and lastly too think more than once if its really good to invest and ask some advise from crypto experts. INvest only what can you afford to loose..

Its not that easy to do. Just reading the whitepaper won't help you judge if that ICO will pay you or not. Failed ICOs mainly does not pay their bounty hunters cause why would they pay them since they already failed. And their terms are always changeable. If you read them properly, most of the terms of agreement says that they can change it if needed without any prior notice. So there is nothing much you can do if they add something new to the terms after you join the ICO.

The usual problem of bounty hunters. Campaigns have that statement that they can always change the rules at any given time. If only users will not participate in their bounty programs to show that it's not really fair how they treat them. Very difficult to identify if the project is scam at early stages. Normally, you will know it once they disappeared along with the funds.

As some of them can pretend to be a good one while still in a early stage then after collecting enough funds to runaway that's the only
time they can be identified as scammers, there's a lots of things that makes it hard to point out which is which and how they can manage
runaway with investors funds.

futuristishe

full member

Activity: 420

Merit: 100

Quote from: r32godzilla on February 23, 2019, 04:17:14 AM

I know only ICOs that have a problem with paying bounty hunters. I do not know if it could be considered as a scam.
But Republia seems to be scam because there is connection to MinexCoin.

Well, not paying a reward is a Scam, too. If the project does not pay awards for bounty it already makes sense to refer it to the scammers. I'm sure that without paying the reward to the hunters, the team is considered to be scammers.

tippytoes

sr. member

Activity: 1988

Merit: 275

Quote from: adzino on February 23, 2019, 11:26:36 AM

Quote from: macdevil007 on February 23, 2019, 04:30:27 AM

Its too hard to accused one project without any single evidence or proof that will will do scam or run away your invested money. but before joining them on ICO be sure to read and learned first there whitepaper is it original or copied from other icos (extensive research). the dev team information should be transparent. and lastly too think more than once if its really good to invest and ask some advise from crypto experts. INvest only what can you afford to loose..

Its not that easy to do. Just reading the whitepaper won't help you judge if that ICO will pay you or not. Failed ICOs mainly does not pay their bounty hunters cause why would they pay them since they already failed. And their terms are always changeable. If you read them properly, most of the terms of agreement says that they can change it if needed without any prior notice. So there is nothing much you can do if they add something new to the terms after you join the ICO.

The usual problem of bounty hunters. Campaigns have that statement that they can always change the rules at any given time. If only users will not participate in their bounty programs to show that it's not really fair how they treat them. Very difficult to identify if the project is scam at early stages. Normally, you will know it once they disappeared along with the funds.

adzino

copper member

Activity: 2968

Merit: 575

www.Crypto.Games: Multiple coins, multiple games

Quote from: macdevil007 on February 23, 2019, 04:30:27 AM

Its too hard to accused one project without any single evidence or proof that will will do scam or run away your invested money. but before joining them on ICO be sure to read and learned first there whitepaper is it original or copied from other icos (extensive research). the dev team information should be transparent. and lastly too think more than once if its really good to invest and ask some advise from crypto experts. INvest only what can you afford to loose..

Its not that easy to do. Just reading the whitepaper won't help you judge if that ICO will pay you or not. Failed ICOs mainly does not pay their bounty hunters cause why would they pay them since they already failed. And their terms are always changeable. If you read them properly, most of the terms of agreement says that they can change it if needed without any prior notice. So there is nothing much you can do if they add something new to the terms after you join the ICO.

Dewi89

full member

Activity: 840

Merit: 101

On the thread https://bitcointalksearch.org/topic/scams-of-our-bitcointalk-4701035 very active updating about ICO scam but ICO scam will continue to be made and still hanging around if there is the highest organization that validates the feasibility of an ICO and tests team expertise maybe ICO scam will decrease

Bunsomjelican

sr. member

Activity: 812

Merit: 251

2018 is the most terrible thing happened in this industry. I felt the last year was the season of ico scam, there are many project who didn't give payment to their bounty participants also for their investors as well. But in fairness now, this 2019 I think is much better than last year though it still bear market and lot are also a bullish.

likeface093

newbie

Activity: 17

Merit: 0

I lost faith in ico projects

vanya.pronin.1983

member

Activity: 378

Merit: 10

You have a good idea, but I think if somebody has detected a scam project it is much better to open up a new thread, because there are too many scam projects at the moment and we won't be able to cover everything under one thread.

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