Topic: Fundraising scam ,the way I see new projects - page 4. (Read 10997 times)
If this is a great project, the team members are always responsible for all the risks. I mean, they must have already done the private investment, invested their own money to make a good start, so I think they also understand all the risks.
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. 
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.
This is actually very accurate and yet, people fail to see it somehow. It really doesn't take a genius to know that these projects are made for the sole purpose of scamming people.
ERC20 are too easy to make and anyone could make one by following a tutorial. People should pay attention to the use case of the coin. If we have 5 debit card providers where most of them failed to deliver, there is no reason to invest in the 6th and 7th... because these projects will all use same card provider, and the same regulations will be applied because it comes from the same authority.
My advise here is that people should start investing in projects that already have a prototype/beta product that is working because clearly, no one is taking time to read the whitepaper, do some digging about the team members or anything that could prevent losing money.
ERC20 are too easy to make and anyone could make one by following a tutorial. People should pay attention to the use case of the coin. If we have 5 debit card providers where most of them failed to deliver, there is no reason to invest in the 6th and 7th... because these projects will all use same card provider, and the same regulations will be applied because it comes from the same authority.
My advise here is that people should start investing in projects that already have a prototype/beta product that is working because clearly, no one is taking time to read the whitepaper, do some digging about the team members or anything that could prevent losing money.
Yes, it is very bad that they collect funds and after funds are collected, funds are taken. Projects like this might happen very much, so you have to be good at determining projects. ICO and IEO companies must continue to be developed to gain trust in investors.
2018 was disaster!saw too many scam icos like gonetwork,levelnet and many more!currently we can see IEO and till now i have seen IEO are raising funds and they are legit project 
The IEO is a successful fundraiser for now, in my opinion, and many are not disappointed with the IEO but there are still a number of counterfeiting ICOs. so the project that issues IEO sales in the big market will succeed with fundraising.
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
Accept the fact that many of these projects were making money on IEO or crowdfunding and now it is the trend of cryptocurrency only very few altcoins that has no ICO will survive. If we talk about successful projects before there are too many. So, to say the ICO are needed to have new technologies that a certain company can't be funded or an individual as a result only the person who will go invest in that particular project will decide to risk his money. Not all projects and fundraising is scam.
if you have done enough studies on those new projects, incl. road map, dev team and so on, and still believe this has a great future, why not invest in it?
But honest speaking, new projects which fulfill these conditions, are to rare...
So just be careful but still keep hope on it.
But honest speaking, new projects which fulfill these conditions, are to rare...
So just be careful but still keep hope on it.
Maybe your decision is right. I personally also realize that there are many fake projects and this certainly harms many people. But what I am doing now is more selective in determining the ICO project. Maybe by 2019 many projects have experienced good development. So I'm still sure whether the project can still produce good results.
2018 was disaster!saw too many scam icos like gonetwork,levelnet and many more!currently we can see IEO and till now i have seen IEO are raising funds and they are legit project
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No premine are the best for all time, I think. ICO are mostly scam but there's some project which did better, for your info, ETH was the first fundraising or ICO project. There are still some good project, you need to analysis most to find out the best.
This is why they are changing the way such as IEO however its not going to guarantee still, exchanges are just used by these exchanges that does their IEO on it. It has become a bigger scam in the end where more parties are going to be part of the scam. These exchanges don't act like they are the escrows but will only negotiate with the listing after the IEO.
Indeed investors are at risk when invest on new projects, but we need also to say that not all projects are scams and there are some who can offer a good opportunity and will give a profit.
If you can't stand the risk, don't invest in a fundraising project, it's better to play safe in a campaign that has potential, although it doesn't guarantee success, but financially you have nothing to lose.
I don't think that's the problem. because all investments must have risks and I'm sure he understands that. but the problem is that now developers see investors like a pile of money. they don't seem to care, if the price of the coin falls. when they want to find funds they do everything they can to make investors interested and some even make lies. but after that they were almost the same as scammers. 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 have a point in this one mate, and 2018 could be the reason why you said those statement in the above dude.
Another thing also is most of the project arise last year, they will hyped the community to invest and support the project, and they will say
lies updates for their own self-interest to get the trust of their community.
If you dont believe in new projects and thinking that ufundraising in cryptocurrency is a scam then go to a trusted project that has already known by people,Go to yanu.io and make investments they do a new way of fundraising but not change tha aims of the project and they are taking care of investors and workers on their project.
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
Let me ask you a question, do you prefer to see Bitcoin price increase or to see Bitcoin adopted by more people? Most people will answer to prefer to see Bitcoin price increase than to see it's adopted by common people.The same, I'm sure people here are investing just to multiple their money and don't really care about the development. That's why, I agree that fundraising is a scam, for you who think development is more important than a price.
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.
One shouldn't just jump on every ICO'S or IEO'S. Let it be a coin with some percentage of market value and growing potential before investing your money.
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
if you do not believe with ICO or IEO project, just stay away and do not drop your money there
for me if we want to make a significant profit in short period time ICO and IEO is the right choice for now,
but, we should deep learn how to identifying a good ICO or IEO project with huge potential and can growing hard after tradeable on exchange in short period time
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