ICO's Have Been Getting EXPOSED! Finally...

efxtrader

full member

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GoMeat - Digitalizing Meat Stores - ICO

Quote from: GGmith on September 11, 2019, 02:26:10 AM

it is undeniable that many ICOs have ended up with fraud and their tokens have become junk, in this case I take the example that recently happened is miracletele. they have cheated many investors including prize hunters who buy their tokens on the exchange. tens of thousands of dollars have been washed away and ico's reputation has been destroyed. 2018-2019 is not a good year for ICO projects

Therefore ICO began to be avoided by investors. Now ICO has changed its face to IEO and it is better not to reoccur ICO scam events like 2018, we better do research on a project and most importantly the developer team behind it

GGmith

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Activity: 394

Merit: 1

it is undeniable that many ICOs have ended up with fraud and their tokens have become junk, in this case I take the example that recently happened is miracletele. they have cheated many investors including prize hunters who buy their tokens on the exchange. tens of thousands of dollars have been washed away and ico's reputation has been destroyed. 2018-2019 is not a good year for ICO projects

trauchot

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Activity: 1764

Merit: 10

Now investing in new cryptocurrency companies is a huge risk, especially if they conduct ICOs, so before investing in companies that conduct ICOs, you need to think about your actions and the consequences of investing in such companies a hundred times, because now you can protect yourself by investing in IEO`s which are held on top exchanges such as binance, huobi, gate, because on these exchanges you will always make profit and it will be unnecessary to worry about your investments.

befriendmywater

member

Activity: 658

Merit: 10

I think that's all bad ICO projects can do.
Bad or fraudulent ICO projects often have a common trend that promises a lot, promising huge returns for investors.
But when they raise enough capital, they will run away like many projects did in 2018.
Be really careful and test the project thoroughly to avoid these scammers.

patz22

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Activity: 1176

Merit: 104

Not all of them, not even 99% as you can see most of these ICOs suffered last year especially because of bear market and those successful ones were suffered as well with the same reason that is because of their collection being devalued. And for those scam ICOs those are just greedy people who want to milk poor and investors who doesnt even make any research before releasing money.

fortunecrypto

legendary

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Quote from: Solondrado on April 28, 2019, 01:35:33 PM

If any of you are still interested in ICO's (I hope the answer is no), then you should know that 99.9% of them are complete garbage. They've been lying about the amount of funds that they raised, project details, project intentions ect. In other words, the majority of these companies are garbage dumpster fires. Companies like Swachhcoin (dumpster fire) got exposed recently on Tipestry. They've been deleting comments in their Telegram that exposed their company as a scam. However, Tipestry allows users to comment on the app as an extension. This way, Swachhcoin and other ICO's can't delete comments that expose their project for what they are...which is garbage.

Only a few projects are now doing ICO because they have found a better replacement in IEO, if a project is legit they should do an IEO and if they don't have funds to get listed and their option is to do ICO, then they better be transparent as they can, because investors will have second thought in anything related to ICO.

Bonwin

member

Activity: 798

Merit: 38

@Solondrado, I think you have majored mainly on Swacchcoin, which might not indicate that all ICOs are like that. Yes, people do not really trust ICOs, because most of them are scam, but do you know that, there are still few of them that still bring good name to the system and can be trusted. The problem a lot of people encounter is whic to go for.

aji567

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Activity: 728

Merit: 10

most investors today are smarter and they move from ICO to IEO and even STO. this proves that in my opinion ICO is getting worse. and also IEO is better than ICO.

gensol

jr. member

Activity: 714

Merit: 3

Yes I agree with you, lots of ICOs sprung up with no product or project vision. It's saddening how a good course was used to swindle investors money. ICOs are not bad but the players are because projects need funds to build their projects and ICOs is their one shot at it.

niisarearning

sr. member

Activity: 910

Merit: 252

Quote from: Duzter on May 10, 2019, 09:28:12 AM

There is nothing as ICO getting exposed, in the crypto ecosystem scams and cheats were very common. ICO too is a part of the crypto ecosystem, so it is not an exception. We the users need to be very responsible in analyzing the market, the project, the legitimacy, the possibilities of the same project getting to be scam and more other factors. With this we can stay away from such projects.

Yes even I thought the same initially I can have explain my personal experience happened by trusting one of major ICO that is centra I thought it would next best crypto payment system also thought it will make crypto easier to access everyone . Finally it became huge scam most of the investors lost money . Now that’s value is nothing.

Svarora

copper member

Activity: 378

Merit: 0

Ico give negetive result most of the time in last year or so. We need some strict regulation to keep a check on it so that investor money will be safe. But still after long discussion we havent get any conclusive act on it. If things are not regulated it will be very difficult in long term surviving of crypto

Little Mouse

legendary

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Marketing Campaign Manager |Telegram ID- @LT_Mouse

Check the scam accusation thread, there icoethic and coolcryptovator along with some more member bashing the fake ico. That's a good move for the whole crypto era.

bitcoin-shark

hero member

Activity: 3066

Merit: 605

perhaps the percentage of 99% is too high but still more than half of the ico is scam or will not have success on the market, it is necessary to choose well which ico to participate in order not to have bad surprises, we have to do our own research before investing...

MakeMoneyBtc

full member

Activity: 1092

Merit: 117

Quote from: Kiweikoo on May 08, 2019, 04:45:24 AM

Quote from: BryanK on May 07, 2019, 12:05:23 PM

Very strange that you began to speak negatively about the bounty program only in 2019) it seems to Me that the bounty program is very long dead. But some of the projects live.

Not really all of them. There are still great projects out there but the problem is the lack of investment. Due to the dubious and fake ICOs, people have started thinking a hundred times before putting in their money in any project and this is very rational because ICOs have caused great financial scams. The best projects now prefer to enter the market via IEO which is something that the people believe is a good and reliable way to invest.

The good projects have spread amoung the ones that are scams and unfortunately now people can't tell the difference between what's good and bad because the number of scam ICOs is just surpassing the best ones. Even though there are still some good project out there as you said people don't trust ICOs anymore so there is no point in opening one unless you have a really good plan behind and someone that could help you with guaranteeing for your trust.

Peruvyn

jr. member

Activity: 126

Merit: 1

On a serious note, ICO has been a thorn in the flesh of many but I don't really think we shouldn't give it a chance again. Many here in this forum earn their daily income through ICO so there's a need for it to be and there's a need for a new crowdfunding model that will truly protect the interest of investors and enforce accountability on the team of a project.

Duzter

sr. member

Activity: 1092

Merit: 256

Leading Crypto Sports Betting & Casino Platform

There is nothing as ICO getting exposed, in the crypto ecosystem scams and cheats were very common. ICO too is a part of the crypto ecosystem, so it is not an exception. We the users need to be very responsible in analyzing the market, the project, the legitimacy, the possibilities of the same project getting to be scam and more other factors. With this we can stay away from such projects.

ahmed04

sr. member

Activity: 588

Merit: 250

Yes, I helped this project and expected to get a good profit. But it was very unfortunate. Administrators of the group in the telegram do not deny that they cheated people.

Silberman

legendary

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Quote from: Viceroy on April 30, 2019, 09:04:18 AM

There are really a lot of scam among ICO. However, I do not agree that 99.9% is garbage. I think that just over half of the ICO are unsuccessful projects and scam.

There has been a lot of research lately on that topic and the findings are that 90% of icos fail, that is a terrible failure rate and it is not something that can be maintained over the long term, if 90% of the people keep losing their money then there will not be any more money for the legitimate projects and this will eventually create an environment of distrust among investors which is what we are seeing now.

jan.nicolas

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Activity: 672

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ICO today is a dying part of the cryptocurrency market, but nevertheless ICO still helps many people take a very serious step towards success, so I think that in general it would be better to really try to do it until it is simply canceled.

Supercrypt

legendary

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Merit: 1054

Quote from: Jpti on May 07, 2019, 02:19:52 AM

Reports say that almost 70 percent of ICOs have disappeared from the market so far. It is because of various reasons like failure to raise intended amount of funds to support a project or because of scam project only always on the look out to collect funds and run away. We are seeing that reputed and so called good companies are running away being as a scam. So we must expose scam projects to save new innovation, cryptocurrency.

Nah Jpti, where on earth did you get this record lol, are you saying the crypto market is basically used for scamming. I know the rate of bad projects in the market is alarming but that percentage is still too high.

Ok let do it this way, the total cap we presently have in the market is about 188 billion dollars, and I also read a report this morning where it was reported that the total fraud that has occurred in the crypto space is about 1.2 billion dollars which is not even up to 1% of the total cap, let us even say we have another 5% of bad projects in the market, the total scam and bad project has not gulp more than 10%. That is if it is even up to that.

Topic: ICO's Have Been Getting EXPOSED! Finally... (Read 753 times)