There are 2 reasons for this
1. Less number of ICOs on NEO platform. More ICOs = more chances of scam.
2. NEO team personally sponsor the ICO sometimes.
Topic: NEO ICOs are much safer (Read 354 times)
Agree. I have not seen any scam based on NEO. This coin and its developer team have passed through strict control in China(which, by the way, if you know, fight against corruption by the death penalty) so there will be no projects that will fail their road map for example. That's the reason I love NEO a little bit more than ethereum 
I can testify on my own that the ICO process with NEP-5 tokens is one of the most smooth I have ever experienced! I have invested in a large number of ERC20 tokens and I always have to very diligent and resourceful as it is very easy to get scammed or simply the project to fail. I did my first NEO ICO just a few days ago with Narrative and it only took me just a few minutes of my time. I felt so much safer and relaxed!
I think that the cause of this is the minimum of 500 GAS required to deploy contracts. This allows only legitimate businesses with the capital to launch on the network, you essentially can get rid of most spam projects and scam projects this way, as we can see here.
This differs a lot with the philosophy of ETH obviously and it's cited as a negative point for NEO with the thinking that any restrictions on projects = restrictions on creativity and therefore innovations.
NEO council has stated multiple times that any projects who can't afford the 500 GAS can contact them and they will sponsor any projects they think that are good quality so its a win-win situation for all
This differs a lot with the philosophy of ETH obviously and it's cited as a negative point for NEO with the thinking that any restrictions on projects = restrictions on creativity and therefore innovations.
NEO council has stated multiple times that any projects who can't afford the 500 GAS can contact them and they will sponsor any projects they think that are good quality so its a win-win situation for all
I have never joined the ICO project using the Neo platform. very rarely found this year. but if you think the neo platform is safer, I will try it.
It is not true that Neo ICOs are much safer than Ethereum or Stella platform. I invested in REALISTICA Ico for months now, I don't know what the team are up to. There are a lot of scam project that has use neo to get away with investors money.
Yes! That means nothing can guarantee a project to have scam or not.All ICO based NEO, Stella or ETH can be scam.
the platform used by the ico project cannot fully guarantee the ico is safe or scam. it looks like there isn't a scam on the ico project that uses the neo platform, maybe because there aren't many ico using the platform or expensive contracts. but that all does not close the possibility of a scam on the ico project with neo platform.
Scam ICO can be on any platform. It just seems like that because 95% of ICOs are held on ETH, that's why it looks like a bad platform with scam ICOs.
The expensive cost of an ICO in Neo is very expensive, but nicely in place, almost every ICO on NEO is very successful.
I think that's because the cost of conducting an ico in neo is much higher than ethereum as you have to pay for the expensive gas fee that's why they have to be serious and the project has to be good otherwise they will lose a lot, compared to ico using eth where you can create a contract that's quite cheap.
I also agree with your opinion. In the past, I also observed and realized that: Almost ICO projects of the projects using the foundation of NEO resounding.
They should be interested in cooperation projects with NEO in the future.
Good luck !!!
They should be interested in cooperation projects with NEO in the future.
Good luck !!!
There are several ico launches on the NEO platform. But most of them have failed or are not interested in the community. If such an ICO scam. It will scam on any platform ETH, NEO. To me Neo is no safer than ETH, and Neo needs to improve a lot to be able to compare and compete with ETH.
Since they require a initial investment, it is less likely that NEO will be used by pure scammers, but that does not mean that the projects are better in themselves if you know what I mean.
ICO projects under the NEO platform at the moment are not potential and the advice is not to invest. At the current rate of decline, investments in crypto such as BTC and ETH should be made because only long-term investment can make a big profit in the future.
Well, I think the reason is there are less ICOs on Neo platform in general. Moreover collections on Neo are slower.
Futhermore, building ERC-20 smartcontract is easier than contract for Neo ecosystem( I guess so)
Futhermore, building ERC-20 smartcontract is easier than contract for Neo ecosystem( I guess so)
I think that at the end of the day it does not matter which coin-related ICO you pick as long as it shows a strong project, a good team and money to run through with their idea.
For those of you who are worried about scam ICOs and the like, know that the NEO chain only has ICOs that have a clear business and well formed teams. Not everyone can ICO in NEO.
That's a pretty bold assertion with no evidence to back it up...
Neo is not one of my favorite altcoins and I am not sure in its stability. Eos and Eth are more promising for me here and Neo doesn't have any strength in front of them.
I disagree with you mate. Neo is doing pretty fine. The only thing I noticed is that neo ICOs are very few and they reraly give much airdrop like eth based ICO. I believe in the future of neo
For those of you who are worried about scam ICOs and the like, know that the NEO chain only has ICOs that have a clear business and well formed teams. Not everyone can ICO in NEO.
They might be safer, but there aren't a lot of them, and still it doesn't mean they'll be successful. 
Because of this, NEO is so much appreciated, I always said that it is a direct competitor to Ethereum.
Neo is not one of my favorite altcoins and I am not sure in its stability. Eos and Eth are more promising for me here and Neo doesn't have any strength in front of them.
Don't you think that this kind of investment is easy to predict and say that cryptocurrency investment is safe. Any cryptocurrency investment is not safe after all.
However, no matter which ICO project, at present, most of the projects are still in the early stage, so this stage is not suitable for overinvestment.
I think it might be a better choice to invest in some mainstream tokens.
I think it might be a better choice to invest in some mainstream tokens.
May be you are right here. I suppose that Neo is really far-sighted alternative cryptocurrency with great potential and its reliability is rising day by day.
There is a real example where the project was assigned to a serious firm and turned out to be scammers
Indeed NEO is safer than ethereum but nowadays it's hard find to find ICO that uses NEO blockchain.
yes i agree neo is much safer because people believe in neo so much and from last 2 or 3 years it gave us a excellent return. also neo has great potential. It is available every exchange easily.
I don't see NEO like safer altcoin. There are so many alltcoins with better security, for example, EOS, Monero or even ETH, which is more stable as well and more promising.
NEO is a quite promising and stable alternative cryptocurrency but I can not agree with you. As for me, ETH and EOS are more suitable altcoins.
I don't think ICO projects which developed on NEO blockchain are much safer than other ICO projects developed depend on ETH blockchain 
. There is no place doesn't have scammer so don't hope that you can earn money by investing in every ICO project which developed depend on NEO blockchain . As I can see number of ICO project developed on NEO blockchain is really little but some of them are really good so it'll be a good chance for ICO investors but not all the time
i have noticed neo long ago and i believe that it is good as i watched it developing and i know it is profitable. There is no place doesn't have scammer so don't hope that you can earn money by investing in every ICO project which developed depend on NEO blockchain . As I can see number of ICO project developed on NEO blockchain is really little but some of them are really good so it'll be a good chance for ICO investors but not all the time For those of you who are worried about scam ICOs and the like, know that the NEO chain only has ICOs that have a clear business and well formed teams. Not everyone can ICO in NEO.
this is true, that is why i like neo and i think that we will make a loto of money with its help, so you need to watch it I don't think ICO projects which developed on NEO blockchain are much safer than other ICO projects developed depend on ETH blockchain . There is no place doesn't have scammer so don't hope that you can earn money by investing in every ICO project which developed depend on NEO blockchain . As I can see number of ICO project developed on NEO blockchain is really little but some of them are really good so it'll be a good chance for ICO investors but not all the time
i have noticed neo long ago and i believe that it is good as i watched it developing and i know it is profitable . There is no place doesn't have scammer so don't hope that you can earn money by investing in every ICO project which developed depend on NEO blockchain . As I can see number of ICO project developed on NEO blockchain is really little but some of them are really good so it'll be a good chance for ICO investors but not all the time For those of you who are worried about scam ICOs and the like, know that the NEO chain only has ICOs that have a clear business and well formed teams. Not everyone can ICO in NEO.
neo is really cool and i hope that you will unspdrrstand it abnd a lot of peopel will invest in it, neo deserves to be popular
I don't think ICO projects which developed on NEO blockchain are much safer than other ICO projects developed depend on ETH blockchain . There is no place doesn't have scammer so don't hope that you can earn money by investing in every ICO project which developed depend on NEO blockchain . As I can see number of ICO project developed on NEO blockchain is really little but some of them are really good so it'll be a good chance for ICO investors but not all the time
. There is no place doesn't have scammer so don't hope that you can earn money by investing in every ICO project which developed depend on NEO blockchain . As I can see number of ICO project developed on NEO blockchain is really little but some of them are really good so it'll be a good chance for ICO investors but not all the time Scam ICO can be in any platform, it doesn't matter if it is in ethereum or NEO, why ethereum has more is because it is widely use by many people to host their ICO, I believe when NEO gain much popularity like ethereum, it will be even worst because it is a free gas platform.
What are you talking about? NEO does not require permits, but it is very expensive to deploy a contract so any fishy ICO will try to avoid it.
What do you mean expensive to deploy a contract on NEO? Isn't it just doing codes like how they deploy code on ETH with solidarity?
I'm now aware they have to pay fine for deploying a contract on NEO But if that makes the fishy team to avoid NEO then they must have foreseen it clearer than Vitalik's team.
For those of you who are worried about scam ICOs and the like, know that the NEO chain only has ICOs that have a clear business and well formed teams. Not everyone can ICO in NEO.
The fact is that many people just do not like NEO I think. And to participate in the ICO which depends on NEO means to be sure that NEO will grow. Personally, I do not like this coin and would not invest in ICO hosted on this platform.
For those of you who are worried about scam ICOs and the like, know that the NEO chain only has ICOs that have a clear business and well formed teams. Not everyone can ICO in NEO.
well, maybe, maybe, thet are safer, at least i have heard a lot of good things about them, so you may trust your tiinformation For those of you who are worried about scam ICOs and the like, know that the NEO chain only has ICOs that have a clear business and well formed teams. Not everyone can ICO in NEO.
The fact is that many people just do not like NEO I think. And to participate in the ICO which depends on NEO means to be sure that NEO will grow. Personally, I do not like this coin and would not invest in ICO hosted on this platform.
For those of you who are worried about scam ICOs and the like, know that the NEO chain only has ICOs that have a clear business and well formed teams. Not everyone can ICO in NEO.
Actualy im not much familiar about this NEO chain but,as what you stated thats this only ICO in NEO has a clear bussiness ,i thinks i want to try this kind of investment,because i feel that if i partcipate, my investment is secured and i can gain a good percentage of my profit,otherwise i want to research this in my own knowing before i conclude thats its secured and legit.
I will agree with you if you say the transfer cost is cheaper compared to ETH.
About scam thing, no one can control that, a team can look legit in the beginning and turn out scam after the ICO finished.
ICO is really like selling the dream for money.
So, my comment is ICO on ETH and NEO has same risk of being scammed. Maybe you see less in NEO just because the total number of ICO on NEO is much less than ETH.
About scam thing, no one can control that, a team can look legit in the beginning and turn out scam after the ICO finished.
ICO is really like selling the dream for money.
So, my comment is ICO on ETH and NEO has same risk of being scammed. Maybe you see less in NEO just because the total number of ICO on NEO is much less than ETH.
NEO project and coins of this project are very promising, everyone understands and knows this, but from this projects that are based on this platform do not become safer, there are always scammers, this is a fact.
I think there are very few coins launched under the NEO blockchain and also there are only a few coins can be traded with the NEO coins. Now there is less competition in the market for Ethereum. Maybe in future NEO will have more Smart Contract ICO in which they will get very good projects.
ETH ICO issuance has much more documentation and experts than any other platform and hence easier to issue a token. And anyone going for a scam would use easier and cheaper methods. Anyone involving with less documented paths are generally a more dedicated ones.
It's the same as LInux not having viruses. Creating one is difficult and not worth the effort.
It's the same as LInux not having viruses. Creating one is difficult and not worth the effort.
There are not so much ICO on the NEO platform because of the number of scams much less. Although with such a market position and the price for 1 NEO I would agree with the author of the post. ICO on NEO, in this case, are more seriously focused on the result. Maybe it just seemed to me. They make me more trust.
NEO is China's Ethereum and they will try to regulate and control it as much as they can so they can filter and sort out which ICOs are good and it is also for the benefit of NEO community members semi-centralized blockchains and ICOs are a better option to prevent those scams.
This makes little sense. Scam can be anywhere. Wasn't Maduro from venezuela who wanted to make an ICO in NEO?
Also, NEO is not safer than ETH. NEO can lose value faster than ETH and this ICO will get fucked up too...
Also, NEO is not safer than ETH. NEO can lose value faster than ETH and this ICO will get fucked up too...
I find this partly true but partly false true, maybe at the current situation NEO has more legitimate ICOs because scams are on the ETH platforms to gather more ETHS to SCAM. ICO enthusiasts as of now may use the NEO platform as an alternative.
It is true, but it is kind of biased around here, any ICOs can bbe a scam regardless if it is another crypto or if it is NEO, but I do believe that ICOs in NEO are safe, but it does not mean that their ICOs are 100% safe, there will still be ICOs that will scam you, be safe and make sure it is legitimate.
I dont see yet any ICO from NEO platform is successfully and give good return to the investor. I know one of the NEO ICO is Pickciochain and so far the price of this token is below ICO price. So successfully project is not according to which platform and blockchain they use but how strong the fundamental of that project.
Endorsing a blockchain to say it's safer is not good, People could turn in to scammers if they want to, NEO is not guaranteeing anything, They are just trying to build a centralized ICO market to attract the ETH investors, They are not good at all with their premined coins, At least ethereum has less premined amount.
NEO is a honeypot for Chinese, They're trying to attract more money for their ownscam centralized ICO's
NEO is a honeypot for Chinese, They're trying to attract more money for their own
For those of you who are worried about scam ICOs and the like, know that the NEO chain only has ICOs that have a clear business and well formed teams. Not everyone can ICO in NEO.
i think thats really good. i think i have to give neo a chance and take a closer look. thanks for this advice.
Yes its truth and its only the start.All the new platforms are soon going to bring new ICOs like NEO,VECHAIN,ICON,ADA and for me they will be perform well .Safety is also one of the important thing and NEO protocol is the safest
For those of you who are worried about scam ICOs and the like, know that the NEO chain only has ICOs that have a clear business and well formed teams. Not everyone can ICO in NEO.
That is a bold claim, but it happened many times that well known teams with a lot of previous experience and successful projects behind them ended up scamming people in their last projects. NEO can only verify teams, can't give any guarantees that those teams will live up to their promises.
Yes, this is True. I completely agree with you. I will participate in NEX ICO. the team is awesome. The only problem is the regulation approves. I wonder when NEX will start its ICO. I hope soon anyway!
Yes, I've also predicted this will happen, NEO is one of the best competitors of ethereum, and yet again it has a more developed feature
Scam ICO can be in any platform, it doesn't matter if it is in ethereum or NEO, why ethereum has more is because it is widely use by many people to host their ICO, I believe when NEO gain much popularity like ethereum, it will be even worst because it is a free gas platform.
What are you talking about? NEO does not require permits, but it is very expensive to deploy a contract so any fishy ICO will try to avoid it.
It doesn't matter if it's more expensive, it will still attract scam ICO's only with bigger entry capital.
The more you put in the more you get out.
Yes, There's hasn't been any scam icos on NEO blockchain (yet) but also note that ICOs conducted on NEO hasn't been the best performers yet. Check out Efx, It's like 50% below ico price. See Phantasma, it's been dumping constantly or thekey? That one has been on a dumping parade. People still lose money at the end of the day investing in both Ethereum or NEO based ICOs.
It is not true that Neo ICOs are much safer than Ethereum or Stella platform. I invested in REALISTICA Ico for months now, I don't know what the team are up to. There are a lot of scam project that has use neo to get away with investors money.
That's right. There are so many investors are loosing their money too because the price of icos have already traded below the ico price. The scammers are using any platform to scammed us in fact they can do anything about that. That sucks but at the same time it has already happened.
Why it's safer? are you a little more open? I think the majority of icos are not safe. it is safe to enter into the hands of investment companies that you can only trust. This issue is safe in the ethereum.
It is not true that Neo ICOs are much safer than Ethereum or Stella platform. I invested in REALISTICA Ico for months now, I don't know what the team are up to. There are a lot of scam project that has use neo to get away with investors money.
Scam ICO can be in any platform, it doesn't matter if it is in ethereum or NEO, why ethereum has more is because it is widely use by many people to host their ICO, I believe when NEO gain much popularity like ethereum, it will be even worst because it is a free gas platform.
What are you talking about? NEO does not require permits, but it is very expensive to deploy a contract so any fishy ICO will try to avoid it.
Scam ICO can be in any platform, it doesn't matter if it is in ethereum or NEO, why ethereum has more is because it is widely use by many people to host their ICO, I believe when NEO gain much popularity like ethereum, it will be even worst because it is a free gas platform.
For those of you who are worried about scam ICOs and the like, know that the NEO chain only has ICOs that have a clear business and well formed teams. Not everyone can ICO in NEO.
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