Topic: ICOs are a legit or Scam? - page 11. (Read 32174 times)

There is a thread here listing all the obvious scam ICO (on bitcointalk)
https://bitcointalksearch.org/topic/scams-of-our-bitcointalk-4701035

We cannot conclude if the ICO is legit or a scam, without understanding their project, but one thing that we should understand is we need to read their whitepaper, review their project if this project is in need to the community, and don’t forget to review who are the people behind in the certain ICO’s. The main purpose of having an ICO is to gather funds, that would be needed in order to start the project based on the whitepaper and the roadmap., that’s the main purpose of ICO., but we must be careful that some hackers and scammers are making their way to create an ICO in order to scam the people, so it’s a vice versa, its either to create the project in reality or to scam the people, so my advise would be invest only what you can afford to lose.

The number of ICOs that are scam lately does not mean that legitimate ICOs are full. Being selective in choosing an ICO is very important to implement, always honing your analytical power so you can be smart and deft in finding a legitimate ICO. Regulations that continue to be tightened this time will make the results you get from ICO more valuable. Because to be able to take part in the ICO it must be true from someone who is decent and has a pretty good ability. This might also be an alternative to recover the crypto market so that legitimate ICOs can be raised again and the request for ICO will be high again.

You need to go through ICOs individually, because they are all different, the teams and their goals are really various. I never recommend ICOs because I don't want to take this responsibility.

A good number of ICOs are legit as opposed to the negative media about ICOs but that's not to say that there are no scam ICO but you have to do a good background check before investing in any ICO for the safety of your Investment.

Look at Kamagames token sale. The company has real profit from 100M users in the amount of $57M for the last year.
Yes, I know, its hard to believe. So just enter Kamagames into google to make your own investigation.

Do you mean ICOs in general or particular ICO? Ico is one of the ways to raise funds and release tokens instead of money and then released product.
Now icos have depressive times and % of scams is higher

Some ICOs are good. Others are also scam. When you take 100 ICOs,  50 of them are good while 50 are scams so choose wisely.

50 percent of fraud. over 40 promising projects. 10 of these are really promising projects. our goal is to find 10 percent of this. When the market is nice  . prices in scam projects are rising. but our goal is actually to invest in technology at some point rather than making money

+1 for team LINKCHAIN. SkrillaKing did a YouTube review on them last week: https://www.youtube.com/watch?v=sUfgrqqBugI&t=6s

In many countries today ICO is probably a very, very complex process from the point of legal issues, therefore it is necessary to understand that there are countries that can respond very well to ICO

You can try in Bountrust, there have a lot of legit Bounty. so far always paid not scam. You can join in telegram channel here: https://t.me/bounTrust  

50/50. Some are are, some are not. Really what you need to look for is real-word use case. Is this ICO solving a problem that actually exists? Yes or no? If the answer is no or not really then you know that the ICO is probably a money grab and won't survive post ICO.

Let me give you an example of an ICO that has a real-world use case and will thrive: LINKCHAIN.

Why LINKCHAIN? Because they are solving a real problem that exists for freelance workers and for business that hire freelancers. At the moment they are both limited to platforms like Fiverr, Upwork and Freelancer. These all change 20% fees - this really eats into the profits of freelancers, forcing them to increase their price and charge customers more. And because of this high 20% fee, these platforms restrict communication between both parties for fear of them taking their business off the platform.

The alternative is using LinkedIn. Why? Millions of active daily professionals including freelance workers and people looking for their services. The problem with LinkedIn through is this: You are restricted to 1st and 2nd connections and even then a search for instance for a graphic designer would likely bring up thousands of results, most of which would not be suitable. The other big problem with using LinkedIn is the lack of safety and security for both parties. Both have to trust that the other party will pay for the work/ or deliver the work that was paid for. This results in a lot of unpaid for work and work not being delivered. Hence people go back platforms like Fiverr, Freelancer and Upwork and are forced to pay the 20% fees.

Solution: LINKCHAIN is the solution for this problem. Through the LINKCHAIN decentralised app, users will sign in with their LinkedIn user details, and then be auto-matched with suitable people, saving potentially hours of time. And because it's run on the blockchain, smart contracts mean that buyers will not pay for their work until certain conditions have been met and the work has been received. This takes away the need for each party to trust each other. Each user though will also have a rating based on previous transactions that all will be able to see. And instead of 20% fees, freelancers will pay a max of 5% in fees, saving both parties significantly.

The result is a platform that is much cheaper to use, gives freelancers and buyers access to potentially millions of daily users, automatch means they save time needing search through thousands of potential people, and their safety and security is guaranteed through smart contracts on the blockchain.

Based on the above, I can't really see LINKCHAIN not taking quite a large market share away from it's competitors and therefore I believe that as a company they will be financially very successful - very good for token holders.

Sorry for the long post but when I'm passionate about a project I can't help myself ; )

Now it is very difficult to identify scams.They learned how to disguise themselves.But nevertheless, pay attention to the quality and volume of the site,whitepaper.Just look at the team,check them out on social networks.And just ask questions in the telegrams of the group. If you are contacted and everyone talks about the project, then this is a positive signal.

hello guys, if I suggest ico ORBIS or who has a manager with a good reputation. this is because there are so many scams that managers will compete to gain the trust of investors.

That is not a basis to call a project or an ICO a scam, not all the time they pump after they get listed, otherwise, life would be easy for us investors.
With the current bearish market, it's normal to see a price fall but what is crucial is the longer run of the project, if it survive in the bearish, it has a big chance in the bullish period.

Many ICO right now is indeed a scam. As you could see most of the ICO listed coin price falls when it hits the market. This is one of the alarming factor why many investors stop investing ICO.

You’re lucky because the time you have asked this ,most of the ico still legit not like today thay more than 90% of them are a god damn scammers and victimizing thousands of investors openly

And if you will ask me now?All i can say is better that you make a research yourself so I won’t be blame when times turns to be scams

To know the project's tough indeed fraud because now many projects that scam. You should be careful before following the ICO project. You better do some research on all aspects. And you must ensure that the project has a real investor. You can view the transaction through your wallet. If many who make an investment sure you could follow suit.

There were times when icos were good and a wise way to invest early in a strong project, but that has changed greatly today..

Today, a good number of icos are scams with the sole aim of enriching the team and devs... Others just compensate a few investors and make away with others funds, with a lot of exits scams coming up everyday..

However, you can still find some genuine icos, these are types you can invest in.