Topic: ICO's Have Been Getting EXPOSED! Finally... - page 4. (Read 734 times)

Majority of the ones that has ended up becoming shitcoins or garbage as we call them and also now see as scam didn’t intend packing their package and abandoning their project, some of us still contributed to why they parked up, we have many people that have sound ideas but not great fighter.

Instead of us investing with them and leaving them to fully develop before we cash out our profits, we dump them shortly after they enter exchange by selling off and then we come here to accuse them of being scam, the only people I see as scam are the ones disappearing immediately after raising money for the ICO.

I think it will be much more scary if we only sit and watch on those scumbags doing their thing. Now is the time to be vigilant I mean we should ask relevant questions on anything about the project so that we can observe them if they are indeed legit or not. Secondly, we should report or notify or alarm the community on anything suspicious we see on them so that those scammers may get discouraged in doing any kind of fraud.

Its really scary what ICO projects have turned into and I feel like I will never engage in them anymore ,some ICO projects looks so good that you will believe they will perform better but in the end its just waste of time and money ,I think its better if ICO vanished from crypto space for good

I do not fully agree
but the facts are mostly like that.
nowadays ico is no longer as interesting as a few years ago, especially seeing that most developers did nothing in this situation. not as said on paper white.
but again, I don't think that overall ico is a shitcoin or a scam. some of them really have good opportunities to make a profit.

ico now have less participants now, developers team prefer use their fund and re allocate to IEO listing fee on exchanges.and investors now understand they could lied by fake dev.and i am agree to protect investors we need new regulation in ICO or IEO.

So i think also that its better to bought some altcoins like bitcoin,ltc,eth and xrp to secured your funds than investing like of ico scams and many of they can't follow always on their roadmap.

So many projects just lie in their white paper and after ICO that’s the end. This is why some people want cryptocurrency to be regulated. There are too many garbage and lots of exploiters and jokers. The problem of cryptocurrencies is adoption because most projects don’t have working  product.

I won't say that 99.9% of the ICOs are garbage, but currently around 80% to 90% of them can be given such a description. There was never any shortage of scammers in the crypto world. But the scammers were quick to notice that scamming investors is very easy with the ICOs. That's why after the success we had in 2017, so many of the ICOs of 2018 turned out to be scams. Perhaps buoyed by their profits in 2017, some of the investors also failed to thoroughly examine the ICOs during 2018.

I'm not against ICO fund generation even if  some projects used it to scam people since we have already learned some lessons on it during those previous ICO booms. I would rather convince my fellow crypto enthusiasts to try not to invest in an ICO without doing an extensive research first and most probably we should try to find ICO's which has already a working platform and we should be broadminded and see the signs first before having an investment commitment to a particular project.

Yes, now in the current situation of the market it is a very tough job to find the potential about the project whether it has the ability to reach what they mentioned on the roadmap. In order to find the legit project, we have to research a lot about the project and whether their bounty program is running or not to get more details about the project.

Now many investors are no longer interested in ICO projects and indeed many ICO projects are garbage projects, they have engineered their whitepaper or roadpaper, many projects are not clear where their products will be developed,

Indeed, many are still on the success route and investors are still investing in them. Although many of these ICOs have done much harm than good but not all of these ICOs are really bad or scam. In as much there is a good product behind any ICOs, it will definitely succeed.

ICOs are actually good for fundraising of a new project, but they should be strictly regulated to keep scammers away. There have been a lot of scam projects over the past one years, so people don't trust ICOs anymore.

You won't find any great project without a good research. Just investigate the forum and you will find some awesome projects that are still live and are holding a bounty programme. Spend some time by doing this and you will find awesome ICOs and bounties.

It's true most ICOs were garbage. Crypto attracted young entrepreneurs with no or little experience or simply people with questionable ethics. When there are opportunities to make so much money, it can reveal the true nature of people. With that being ICO fundraising is a beautiful way to allow the masses to invest and I really believe in that. You should definitely do extensive research but I don't think ICOs are bad in their nature. It's just that we did a bad job at working with them since they were so new.

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The ICO market keeps going down as the day goes by because a lot of investors are already tired of losing money to scammers all of the time without being able to get a value for what they have paid for, and they have seen IEO so they have left the ICO market to the IEO market to see whether they would be able to make profit from this since it is controlled by exchanges that have built reputation for themselves.

It is a shame that Swachhcoin is turned to a scam project. I am agree that many ICOs nowadays are trash, but not all of them is trash.
That's why to prove the amount of raised funds in a project, IEO is the best solution.
When the project is listed in IEO of some exchange, the total amount of sold token is shown by the trade history.

Now the trend of ico actually has increased in terms of improving the quality of the project after the beginning of the year and also the end of 2018 so many failed projects or indications of fraud are quite large. Hopefully this can make investors' trust back too,

Although there are really a lot of scams in ICO projects now, it is wrong to assume that almost all of them are frauds. From my practice of participating in ICO bounty campaigns, only forty percent can be considered fraud. Even now there are many good and promising ICO projects that are worth joining. There is too much panic about fraud in the ICO in this forum. Yes, this problem really exists and it should be solved, most likely, by state regulation, however, the ICO projects are still alive and they continue to work.

I agree and I think telegram community chat is one of important clues that can be used as reference to monitor the potential fraud. The community and investors can judge from these conversations both the technical and non-technical issues of the project even though this cannot be the only benchmark.