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Topic: Is it true that 99% of ICOs are either failed or scam? - page 6. (Read 1040 times)

jr. member
Activity: 280
Merit: 2
Unfortunately at the moment almost no ICO is able to achieve its soft cap. People are blindly investing in everything to get at least some profit, but they are only losing their time and money. They need to realise that without a good research there would not be a successful investment.
sr. member
Activity: 882
Merit: 251
It's true for me in 99% of all ico is scam lot of them are legit ofcourse the project will also failed if they don't meet the minimum fund for their project as you can see and explore the whitepaper of every project you will know it.
I am not sure with the percentage given because that is too high. But, mostly Ico’s are failed or scam just to get money from the investors. So this is why we should be careful in choosing a good project to get rid of scam.
full member
Activity: 588
Merit: 100
It's true for me in 99% of all ico is scam lot of them are legit ofcourse the project will also failed if they don't meet the minimum fund for their project as you can see and explore the whitepaper of every project you will know it.
Today, almost every user of cryptocurrency is experiencing hard times. Based on this, one cannot expect that already in 2019 we will see good results. There should be a market correction and discard all empty and fraudulent projects.
full member
Activity: 700
Merit: 100
Proof-of-Stake Blockchain Network
It's true for me in 99% of all ico is scam lot of them are legit ofcourse the project will also failed if they don't meet the minimum fund for their project as you can see and explore the whitepaper of every project you will know it.
member
Activity: 504
Merit: 16
I see a lots of ICO with the use of their coins are similar. They raised money, got them and ran away.
I agree with you that many ICOs are similar with their purpose and technology, but 99% of ICOs are scams is exaggerated, you can refer to coinschedule.com.
full member
Activity: 664
Merit: 100
📱 CARTESI 📱 INFRASTRUCTURE FOR SCA
I see a lots of ICO with the use of their coins are similar. They raised money, got them and ran away.
ICO projects often have no potential or are created to seek profit from the often unsuccessful investor. Most ICO projects have failed after the first trading session because investors sold their Tokens because they saw the project as unprofitable or they realized that they did not need too much profit.
full member
Activity: 1064
Merit: 102
That is not true, it is true that many ico have failed and some of them are scam but not 99% are scam, you need to do some research before jumping into a conclusion like this, personally i have seen many good ico with sensible use case and development is still ongoing.
legendary
Activity: 1137
Merit: 1000
It is true that there are so many SCAM ICO and if they are not due to lack of investors are getting failed!
But this is not a 99 percent, that percentage is too much.
Maybe 50 percent or less! If you will run through many project you will see that.
jr. member
Activity: 784
Merit: 6
I see a lots of ICO with the use of their coins are similar. They raised money, got them and ran away.
This is not the first time i will be seeing someone make out a figure of the percentage of ICOs that are scam. This to me is not true, although we have more of scam ICOs than the genuine ones. Although, the status quo is now beginning to change, because very soon, there might be regulations to guide against scam ICOs, but before then, we need to take to extra precautionary measures.
copper member
Activity: 84
Merit: 0
It is not happening by every ICO on our market, but you are right. Unfortunately in 2018 the market was overwhelmed with scam projects that presented their whitepaper, collected funds and scammed a lot of investors.
jr. member
Activity: 238
Merit: 1
https://www.empirehotels.io
I do not understand where such statistics came from, I do not think that so many ICO projects are unsuccessful ! If the project has a great team and marketing then I think the project is doomed to success.
full member
Activity: 476
Merit: 101
therefore we have to be more observant before investing, everywhere is a lot of dishonesty, so I suggest being more careful, research first before you put your money into investing
sr. member
Activity: 856
Merit: 250
According to the statistics, the figure is much less, only 50% turned out to be a fraud. And from the second 50% more than half did not collect Soft Cap. All because of the fact that ICO want to do everything. But do not have any experience. So they burn.
hero member
Activity: 2520
Merit: 711
I see a lots of ICO with the use of their coins are similar. They raised money, got them and ran away.

Scammers are always present at the ICO, but they are less than the amount that you specified. I'm not participating in ICO, afraid of losing its cryptocurrency.
member
Activity: 308
Merit: 10
★YoBit.Net★ 1400+ Coins Exchange
I believe that several ICO's are just fraud or scam. But not that high percentage you give, 99% is a huge number, because there are also not scam ICO's. We cannot generalized that ICO's are just scam, since some are not.

I also think that the ICO has projects that are considered to be defamatory and fraudulent. But not all, or 99% like what you know here. I see the most or limit that max that is only 75%, a lot is real, do not say that is all Sad.
full member
Activity: 574
Merit: 102
I don't think that 99% of ICOs are scam or failed ICO's maybe 80% lol, well only few ICO's were successful even these bear market, few of them already reached softcap, but I don't see yet reaching Hardcap in some ICOs.
lately, there have been a number of ICO projects that have succeeded in reaching hardcap, say PlayGame, they have succeeded in reaching the target but the most concern is that their coins in the exchange are worthless and of course very detrimental to investors. so the conclusion is that the project that is currently successful does not guarantee that the price of their tokens will also succeed when listing on the exchange.
full member
Activity: 1358
Merit: 100
I don't think that 99% of ICOs are scam or failed ICO's maybe 80% lol, well only few ICO's were successful even these bear market, few of them already reached softcap, but I don't see yet reaching Hardcap in some ICOs.
full member
Activity: 1078
Merit: 104
GoMeat - Digitalizing Meat Stores - ICO
Of course, until the ICO market is not regulated there are a lot of scammers. you must be very attentive and learn how to identify such projects
The ICO scam caused the ICO market to collapse. I see a lot of ICO scams in 2018 and it makes good ICOs unsuccessful because there is no trust from the investor. Now I'm waiting for something new like STO
hero member
Activity: 1274
Merit: 519
Coindragon.com 30% Cash Back
I see a lots of ICO with the use of their coins are similar. They raised money, got them and ran away.

This year, majority of ICO failed, some succeed but slowed down on the development due to the bearish market. Some are scam, so that is why, most investors kept away from investing in ICOs this year.
legendary
Activity: 2450
Merit: 1047
I see a lots of ICO with the use of their coins are similar. They raised money, got them and ran away.

It's tiring and we can lose a lot of money if we keep on investing in a useless project, and there are so many projects like this in the market, I fear that one day even good project, will not reach even half of the softcap, because investors prefer to invest in coins that are already in exchange.
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