Topic: ICO owners and their dubious character. - page 2. (Read 482 times)

~ a little amount of money. the owner declared a loss and shut down down the project, informing investors about the update and promise a refund.
there is every probability that 40% to 20% of investors has forgotten about this project and may not request for their cash back. simply because the tokens has been send to their wallet.( sh**t coins). they are plenty.
watch the next move: the owner launches a second project maybe late july or august changing all information and using the funds generated from the first project to facilitates the second project.

Yes,,, I can concur with this view. I have seen so many projects created with the specific intention to scam others, but in a way that the marketing makes it look real. Look at EOS for example. Please tell me how was this not a scam,,, fake code,,, 365 days of ICO, and only to launch a product on Ethereum that nobody used? And then using the funds raised to pay people bug bounties? This was the latest example of a scam ICO with dubious founder, but people still bought it!

For ordering in the ICO, the need for regula tion is required, and this is contrary to the principles of decentralization, and it is precisely for this reason that the STO format appeared.

It's only 1% of projects that failed to reach there softcap return funds back to investors, in my own view it's very rare, some projects are creates to be failed already but scanners will still gain profits from little funds and run away with it claiming that 'softcap' was never reached

ICO as we all know is an avenue for developers to request for funds in order to carry out their project or their plans. As much as we have seen lots of scams in this crypto business, many more are coming.
i think the latest means by which these fraudsters scam people of there money is by creating multiple projects and launching it separately. Example.  a project owner launch an ico project in January. the ico failed to reach soft cap, maybe raised a little amount of money. the owner declared a loss and shut down down the project, informing investors about the update and promise a refund.
there is every probability that 40% to 20% of investors has forgotten about this project and may not request for their cash back. simply because the tokens has been send to their wallet.( sh**t coins). they are plenty.
watch the next move: the owner launches a second project maybe late july or august changing all information and using the funds generated from the first project to facilitates the second project.
Guess what, if the ico turns out to be successful, we might move to the next stage(exchange launching, project development) but we all know the outcome of an inferior projects.

Or the same initial process may continue if project failed to reach soft cap, I.E shuting down, promise payback which they can't fulfill and come back again with an entire different story. 
so many ICO owners has tried this pattern many times stealing peoples and knowing fully well that they have nothing to offer.

we need serious help in this crypto community.

ICO as we all know is an avenue for developers to request for funds in order to carry out their project or their plans. As much as we have seen lots of scams in this crypto business, many more are coming.
i think the latest means by which these fraudsters scam people of there money is by creating multiple projects and launching it separately. Example.  a project owner launch an ico project in January. the ico failed to reach soft cap, maybe raised a little amount of money. the owner declared a loss and shut down down the project, informing investors about the update and promise a refund.
there is every probability that 40% to 20% of investors has forgotten about this project and may not request for their cash back. simply because the tokens has been send to their wallet.( sh**t coins). they are plenty.
watch the next move: the owner launches a second project maybe late july or august changing all information and using the funds generated from the first project to facilitates the second project.
Guess what, if the ico turns out to be successful, we might move to the next stage(exchange launching, project development) but we all know the outcome of an inferior projects.

Or the same initial process may continue if project failed to reach soft cap, I.E shuting down, promise payback which they can't fulfill and come back again with an entire different story. 
so many ICO owners has tried this pattern many times stealing peoples and knowing fully well that they have nothing to offer.

we need serious help in this crypto community.

Of course, this may well be. The same people can create several ICOs in a row or even at the same time, because there is no regulation in this type of activity. Despite the fact that the ICO projects are now barely surviving, I think that their time has hardly gone, since this is a very simple fundraising and distribution of new tokens. I still hope that in the near future we will see government regulation of ICO activities. That regulation can save us from fraud in these projects.