Well then, nothing will stop you from that decision.
It can be a good one or not.
Investors risk their money. Again, "risk".
When bitcoin was launched it was also a risk for many people to buy it or even just mine it. It was not fun to see a high amount once your electric bills comes in your mailbox.
If you think you are safe by that, so be it. It will always be a decision individually.
Topic: Fundraising scam ,the way I see new projects - page 3. (Read 10997 times)
Yes of course. Projects with finished products are most interesting to us as investors. All other fees are more like cheating. It is time to enter the sale after the finished product. And so let them seek investment from the outside.
It's just people blindly investing into these scam and not doing a extensive research about the project and it ended up back firing them in the end, ico's now are just cash grab for people behind the project and i don't think there are developers behind the project at all, all we need to do is stop feeding scammers money.
No matter how extensive our research is, we are not able to find complete information about the project and its team. Most likely, the information we receive will be from the same ICO team, about which we collect information, or written by others on their order. We do not have the capabilities of law enforcement, and therefore our verification will in any case be incomplete and one-sided.In order to eliminate fraud among ICO projects, it is necessary that it is carried out by the relevant state authorities of each state at the place of registration of ICO projects.
scam projects and projects that do not exist in the real world should be stopped because this caused a lot of losses to investors especially and also bounty hunters, they had taken the trouble to follow and raise their projects but the results were not what they imagined.
I have recently, too, do not attach much importance to the amount of funds raised by the project. This is completely unnecessary information. It is better to pay attention to the product of the team and its usefulness to society.
Project developers are in no risk at all ,the investors are the ones in total risk ,devs only have to tender a working project and ask people for funds ,who says ICO and IEO is not a favoured business? That's why we have many not working projects,fake ,scam and pump and dump projects in crypto space..I have make up my mind never to invest in fund raising projects anymore ,I can name 100s of coins with no ICO and No Premine that are doing very fine in this market condition ,they are just here for the fund raising
you are right, majority of ico are not entering into space to add value to what has been done already but to raise fund with a useless whitepaper without product to show the worst part is that after successfully raising money tiny part of the raised fund won't be use for any development yet for their own personal expenses.
I think new projects should approach VCs for funds if they truly believe in their project. Investors should learn to stay away from the current crop of ICO, they don't offer anything new.
Whatever is currently at your own risk if you cannot manage all the money that you have properly and securely, cryptocurrency is very risky for people who are very layman with fraud or whatever, yes it really isn't recommended for them those who are not strong with it all before entering further it would be better to take steps in terms of knowledge and explore any analysis related to the current ICO or IEO sensations to be able to keep up with crypto, don't forget to understand the basic concepts of cryptocurrency reset.
I fully agree with the author, investing in ICO and IEO is very risky and often a loss-making idea. But sometimes there are promising and successful ICO projects, but to guess such a project is like winning the lottery, it is very difficult. 
Project developers are in no risk at all ,the investors are the ones in total risk ,devs only have to tender a working project and ask people for funds ,who says ICO and IEO is not a favoured business? That's why we have many not working projects,fake ,scam and pump and dump projects in crypto space..I have make up my mind never to invest in fund raising projects anymore ,I can name 100s of coins with no ICO and No Premine that are doing very fine in this market condition ,they are just here for the fund raising
For me, every investment has a risk comparable to what we will get later. I think everyone will think and do research before actually doing it, not all ICOs or IEOs harm investors and even provide profits up to 300%, this is which makes perfect sense to me.When choosing an ICO is all about an experience IMO, indeed there are many projects that seems like will have a potential if we see from its whitepaper and this thing which make some investors being cheated.
They forgot to see the teams which is behind the project, whilst the team factor is the most important thing that must be seen first by investors. Maybe It will be good if there is investor who got a huge profit from the project ICO give an explain here to enlighten the views of the OP towards the ICO project.
I agreed a little because this proved to be a lot of crowdfunding projects, especially those that received hundreds of millions of dollars, but now the result is just a loss, but indeed projects that use crowdfunding at the beginning are profitable but afterwards only losses, losses, and ends with scams (some projects aren't like this)
I would not say that all ICO projects are rubbish. There are also good projects but their units in which they really invest and you can learn some profit. But they need to look very carefully.
Most projects are a clear failure. In this crypto space most investments are traps, if you look carefully you will see these scam projects are happening repetitively with different names.
Besides developers, these projects are only good for promoters who earn few dollars sharing ads on social medias and crypto forums.
Project developers are in no risk at all ,the investors are the ones in total risk ,devs only have to tender a working project and ask people for funds ,who says ICO and IEO is not a favoured business? That's why we have many not working projects,fake ,scam and pump and dump projects in crypto space..I have make up my mind never to invest in fund raising projects anymore ,I can name 100s of coins with no ICO and No Premine that are doing very fine in this market condition ,they are just here for the fund raising
Of course the investors would always be the victim of these ICO scam and bad projects; this is why we are gradually losing the interest of investors on fundraising projects which is not too good for the economy, although we have other means of fund raising such as IPO and STO.Those coins with no ICO and premine, what is the guaranteed that they too are completely safe because it is still all about fundraising too, so I don’t see any way they are better than those that went through ICO. Well, the matter is in our hand to solve, hunters really need to assist these investors because they are the ones promoting these projects to them without verifying it properly.
Funds are needed for smooth development of the project. Of course, it is possible that some projects
are active without fund raising, I also know many of them from the airdrop era.
We have to find solutionto avoid scam projects rather then avoid investing.
are active without fund raising, I also know many of them from the airdrop era.
We have to find solutionto avoid scam projects rather then avoid investing.
Actually fund raising was most popular way to business on crypto world. On the other hand fund raising is the most common way to scam peoples. At the beginning most of projects was successful, but nowadays almost projects turning into scam. I don't think much peoples are investing currently except grredy peoples. IEO also becoming failure now. So its very difficult to invest on ICO or IEO. I can't trust any ICO with my fund now.
I would not say that all ICO projects are rubbish. There are also good projects but their units in which they really invest and you can learn some profit. But they need to look very carefully.
thats why you need to double check on what coin/token that you wanna to invest
that your money all the risk should be blame on you when you get scam, never do invest unless you can take all the risk
that your money all the risk should be blame on you when you get scam, never do invest unless you can take all the risk
Then don't bother investing in any ICO or IEO projects all you have to keep doing is promoting and hunting since this doesn't requires any fund what you will lose is time
Not everything is as bad as you described here. A lot of ICO projects are developing thanks to the funds raised and are very useful for people. One cannot blame these projects for the fact that Bitcoin fell in price all last year, after which it was in a state of stagnation and kept other types of cryptocurrencies, preventing them from further price growth.
Of course, due to the fact that everyone can join and start their own ICO, and they collect huge sums of money, the scammers took advantage of this. However, it is enough that the states begin to regulate this type of activity, checking the team, and fraud in ICO projects will disappear. I think that soon we will see, finally, such regulation.
Of course, due to the fact that everyone can join and start their own ICO, and they collect huge sums of money, the scammers took advantage of this. However, it is enough that the states begin to regulate this type of activity, checking the team, and fraud in ICO projects will disappear. I think that soon we will see, finally, such regulation.
Indeed, we cannot stereotype every project doing an ICO as scam, rather we should try to understand important details and factors for every project and make an assessment if its a scam or not and act on it accordingly.
You are actually said the truth. The two model which is ICO and IEO don't actually made any provisions for the protection of investors interest which makes them not reliable. Bad actors will always take advantage of such non accountable system because it does not force them to be accountable.
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