ICO New format scam - page 7. | Bitcointalksearch.org

AndRE177

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Proof-of-Stake Blockchain Network

Quote from: BoxerRobert on December 07, 2018, 09:55:05 PM

Hai guys now days people are really depressed this kind of new scam .They are Lost lot amount from this kind of format and getting only 40% return back.

1) ICO Stopped or Paused

2) Refund - When eth more 200 to 300 USD people invested some ICO now they are stopped and started refund now Eth price 95 USD .

3) Some ICO announced Soft cap reached successfully later their also follow this kind of refund method .

ex:
Trecento , Humancoin ,Vanig and etc.

If you are being cheated, maybe you should stop investing during ICO?
I think that the ICO in the form that we now know them will soon cease to exist and we will see something new, under the auspices of a common regulator.

sherenikaw

member

Activity: 630

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rocket.hashbon.com

Well, so far, there are many ICO projects that are extended, stopped, and paused. And then, they will probably disappear after for long time waiting. This is probably a scam but sometimes, they really need more times to extend. That is why we must be smarter in pretend whether the ico is legit or not.

udidrone

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Leading Crypto Sports Betting & Casino Platform

Quote from: lizarder on January 22, 2019, 05:47:11 PM

if ico succeeds in softcap and does a refund it seems like I haven't found it, most ico do refund only if their project doesn't sell / fail softcap but it's true if the fund invested in refund the value must decrease due to market influence but eth number is still fixed

I heard some project do that thing, but new project and i forget which it is because they make announcement if they will refund investor's money even reach softcap before that. Maybe because dropped price and it is not reach their target in USD.

lizarder

hero member

Activity: 1722

Merit: 895

if ico succeeds in softcap and does a refund it seems like I haven't found it, most ico do refund only if their project doesn't sell / fail softcap but it's true if the fund invested in refund the value must decrease due to market influence but eth number is still fixed

iqlimasyadiqa

legendary

Activity: 1596

Merit: 1011

The reality is that at the moment the ico project is used by some irresponsible people to make a profit. they make an ico project that does not have a purpose, they only write data without the realization of the project. there must be an agency that regulates this. do not let the situation of the development of the digital currency be bad because of the indication that the ICO project is a scam like this.

Maamejane

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Activity: 378

Merit: 10

Decentralized Continuous Audit& Reporting Protocol

Quiet interesting and normally ask myself why the pause? You look at their way of things and realize it was part of the strategy. Please let us not fall for this new prank. Lets do our research well before we join any ICO.

BoxerRobert

copper member

Activity: 350

Merit: 0

Quote from: shaheer001 on January 21, 2019, 10:14:32 PM

Due to bearish market status and value of Ethereum going down all ICO project even top project are also in trouble as they did not achieve their sift cap or hard cap so the ICO project refund or delayed it,

Yes all market going bearish only but when ico start that time itself market condition same .even though they started ICO then paused or refund this what going on right now.

Koadharber

hero member

Activity: 1065

Merit: 510

Quote from: BoxerRobert on December 07, 2018, 09:55:05 PM

Hai guys now days people are really depressed this kind of new scam .They are Lost lot amount from this kind of format and getting only 40% return back.

1) ICO Stopped or Paused

2) Refund - When eth more 200 to 300 USD people invested some ICO now they are stopped and started refund now Eth price 95 USD .

3) Some ICO announced Soft cap reached successfully later their also follow this kind of refund method .

ex:
Trecento , Humancoin ,Vanig and etc.

Even if they reach their softcap and they didn't reach the hardcap their is a possibility that they will decide to stop the ICO due to they did not reach their expected target,hardcap funds is very important in every project because they used it to improving their projects and exchanges listing,and we cannot call a project a scam if they will refund the investors investment because every investor's knows that it is part of ICO investment.

shaheer001

full member

Activity: 1274

Merit: 100

Due to bearish market status and value of Ethereum going down all ICO project even top project are also in trouble as they did not achieve their sift cap or hard cap so the ICO project refund or delayed it,

labilaab

member

Activity: 616

Merit: 11

TRADE WITH NEGATIVE FEES

I really hate this kind of project which are too good to be true from the start promising the users by offering best discounts of purchasing tokens.Theres a lot of this projects out there which is still alive or even in CMC.

Cemploon

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Activity: 644

Merit: 10

CurioInvest [IEO Live]

Format, as you say, is true that this can be an indication that the project is a scam. ICO really needs funds to develop, but in a collapsing market price situation. ICO is very difficult to get investors, so you must be careful when choosing ICO.

ottogary

sr. member

Activity: 658

Merit: 250

I agree that many new ICO is a scam, but about the refund that being done by if the project doesn't reach its target (at least reach the softcap) I think that is not a scam, as the prove they are returning the fund from the investors, and about the different in price that is fully depends on the price of the coin used for investing, I think that is not the mistakes from the dev's side.

auliasilvana

jr. member

Activity: 196

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EndChain - Complete Logistical Solution

Sadly, this can make people traumatized to learn to invest in the ICO, even if they have reached the soft cap, it would be good for the project to develop with existing funds. But the risk is great and this must be dealt with because without a struggle the project goals will also never succeed.

Nggedebus

sr. member

Activity: 770

Merit: 250

Quote from: BoxerRobert on December 07, 2018, 09:55:05 PM

Hai guys now days people are really depressed this kind of new scam .They are Lost lot amount from this kind of format and getting only 40% return back.

1) ICO Stopped or Paused

2) Refund - When eth more 200 to 300 USD people invested some ICO now they are stopped and started refund now Eth price 95 USD .

3) Some ICO announced Soft cap reached successfully later their also follow this kind of refund method .

ex:
Trecento , Humancoin ,Vanig and etc.

I had a bit confuse about the 3rd one, you said the softcap reached but why did they has to refund? The project should be able to run with the softcap.
Since that would be the minimum amount of investment needed for the project to be continue their development.

EdenHazard

legendary

Activity: 2674

Merit: 1048

Quote from: TechComputer on December 07, 2018, 10:11:16 PM

Better to avoid most of the ICO nowadays since there is just a bearish signal everywhere so you won't get scammed. Roll Eyes

How many ICO projects have led to a scam in 2017?

When a market keep going to increase and pull up many investor to jack up an ICO project, it is likely that every developer who initially pretends to make the project a success, however, the demand for the project increases, the developer will strive to convince every investor, because they have made a big profit.

However, when the price declines now, every good project can lead to a scam. They cannot maintain their capacity when prices continue to decline and try to take as much profit as they can. I guess the situation of a bearish market like this is indeed better to save at money fiat. Investment in ICO or existing coins is still at risk.

Absolutep

jr. member

Activity: 434

Merit: 2

Different systems are been adopt by scammers claiming to be a dev just to scam us and that is why we need to be very careful before investing in any ICO.

CLywaTeLb

full member

Activity: 770

Merit: 101

send and receive money instantly, no hidden costs

Quote from: baghdatis1990 on January 20, 2019, 09:36:46 AM

ICO off or suspended is the new SCAM method. You're right! This happens when people start investing and want to see a certain stage of the project. The members of the project have nothing to show, because they are not working on any project, they are just fooling the investors. Thus, they say the project is temporarily suspended. There should be a method by which these guys are punished. It's not recommended to invest now in ICO projects, because most are scam.

Perhaps you`re right. For many months, almost all projects only postpone, delay and promise. There is hope that there are honest projects. But it is very difficult to distinguish them from such scammers. Therefore, in these conditions it is better to refrain from investing in ICO.

owlman

full member

Activity: 602

Merit: 100

You are right, fraudsters have always been very imaginative, and even in such market conditions, they can get profit by deceiving people. At the moment, I prefer to refrain from investing in ICO projects, and it is better to wait for the recovery of the market and any specific response from regulators.

baghdatis1990

member

Activity: 504

Merit: 14

Miracle Tele

ICO off or suspended is the new SCAM method. You're right! This happens when people start investing and want to see a certain stage of the project. The members of the project have nothing to show, because they are not working on any project, they are just fooling the investors. Thus, they say the project is temporarily suspended. There should be a method by which these guys are punished. It's not recommended to invest now in ICO projects, because most are scam.

thunderbitz2717

sr. member

Activity: 594

Merit: 250

Quote from: patz22 on December 07, 2018, 10:38:49 PM

First of, maybe Im too lazy to search for those project to find out if they're scam. So can you at least give proofs?
1. ICO being stopped or paused basically due to this kind of market wherein people are afraid to invest or they're holding since they've lost too much
2. Probably they might got those contributions in that amount but it doesn't mean that they waited this long (eth @less than 100) to process a refund but what if it went up? Unless they already sold it before into usdt, again proofs?
3. I agree with this but still there's a possiblity that it is still because of bear market wherein if they got lets say eth @300 and now since it is cheap they cannot pursue since they're holding small amount.

That's my opinion regarding this topic.

I think you made a good point here. ICOs are greatly affected by the slump of happened last year. Imagine that the whole year was a sad days for cryptocurrency world. Having ethereum reached a double digit price. The declined really dragged ICOs success rate downward.

Topic: ICO New format scam - page 7. (Read 25048 times)