Yes it is high time to discourage and eliminate scammers from the market. They are scammers who are damaging the glory of cryptocurrency, thus distracting investors or even institutional investors. We all should unite against this frauds. Crypto experts and rating agencies should also stop giving good rate to fake projects. Likewise, regulations should also take in place.
Unfortunately there are way to many scammers and we surely cannot eliminate all of them from the market. But what we should try is at least reduce the number of them so that the others will get discouraged and disappear. Scammers are everywhere and they will always exist, you eliminate one and then another one appears. 
Topic: Reducing scam - page 7. (Read 17832 times)
Kind time of the day, with every day in ICO we meet more and more fraud. It is clear that no one forces us to invest in these projects. But the idea of a cryptocurrency does not imply any regulatory department. What do you think that could help in solving this problem? I just see only that the advisors were responsible, or they took a pledge from the projects they are entering.
I think that only self-cleaning of the market will help here. As you can see, already very few projects collect at least some funds. At the same time, the technology of the IEO started to develop, in which the exchange is responsible for the quality of projects with its reputation ... Perhaps this is the solution to the problem. It also proves that in most spheres regulators are not needed, everything can work by itself.
Its hard to believe but if things are not regulated scam will continue to rock crypto project. Having ones a ponzi scheme investor, I can tell you vividly that a lot of admin behind many hyip are now entering ICO too. Creating website with intention of scamming people.
Agreed, a regulatory framework is necessary to bring sanity to ICO and blockchain. The issues will be does the regulatory body have jurisdiction over all crypto projects or those domiciled in some particular countries. This for me is the major issue. Some projects claim UAE and on telegram, claim Estonia. So which is which . How do we make them stick to their words not just some rehearsed project without product
Kind time of the day, with every day in ICO we meet more and more fraud. It is clear that no one forces us to invest in these projects. But the idea of a cryptocurrency does not imply any regulatory department. What do you think that could help in solving this problem? I just see only that the advisors were responsible, or they took a pledge from the projects they are entering.
IEO is the solution for scam ICO. With IEO, investors can participate in the token sale with ease.
The exchange who hold the IEO has doing research and due diligence abut the project before IEO start.
Kind time of the day, with every day in ICO we meet more and more fraud. It is clear that no one forces us to invest in these projects. But the idea of a cryptocurrency does not imply any regulatory department. What do you think that could help in solving this problem? I just see only that the advisors were responsible, or they took a pledge from the projects they are entering.
IEO is the solution for scam ICO. With IEO, investors can participate in the token sale with ease.
The exchange who hold the IEO has doing research and due diligence abut the project before IEO start.
Yes it is high time to discourage and eliminate scammers from the market. They are scammers who are damaging the glory of cryptocurrency, thus distracting investors or even institutional investors. We all should unite against this frauds. Crypto experts and rating agencies should also stop giving good rate to fake projects. Likewise, regulations should also take in place.
Kind time of the day, with every day in ICO we meet more and more fraud. It is clear that no one forces us to invest in these projects. But the idea of a cryptocurrency does not imply any regulatory department. What do you think that could help in solving this problem? I just see only that the advisors were responsible, or they took a pledge from the projects they are entering.
It's too difficult for the entire community to eliminate fraudulent ICOS projects. Because very similar projects even Bounty hunters are tricked into wasting time on projects. There is KYC verification for ICOS projects and developers. 
There are some laws and regulations that is implemented to protect the security of the investors from fraudulent scams. But for me the ICOS and other community should raise a group o organization which helps and strengthen tha laws and regulations implement; since internet is a very wide subject which cannot be easily regulated by the small once.
Kind time of the day, with every day in ICO we meet more and more fraud. It is clear that no one forces us to invest in these projects. But the idea of a cryptocurrency does not imply any regulatory department. What do you think that could help in solving this problem? I just see only that the advisors were responsible, or they took a pledge from the projects they are entering.
In my opinion, the best feature of blockchain based economies and this crypto market is it allows people to stay anonymous. That is why this ecosystem is really very open to any kind of scams and frauds. We should be aware of the risks of this ecosytem and try to protect ourselves individually. there is no any regulation that can protect people not to be scammed.
In order to reduce the amount of fraud in ICO projects, we will still need government regulation of this type of activity. Such regulation does not necessarily mean violation of the principle of decentralization or other principles of the existence of a decentralized cryptocurrency. We are talking about organizational regulation: checking the ICO team, determining the rights and obligations of participants in this type of activity, protecting the rights of investors, and so on. These measures can, if not completely remove fraud from ICO projects, then reduce it substantially.
There is nothing that can solve this scam issues presently as far as investors still choose ICOs to invest in, many are moving to STO and IEO and I don't blame them, investors are tired of ICO scam games
Strict regulation when there are still many ICO Scams that have surfaced, I think regulation must be increased again so that quality ICO can dominate.
In order to reduce crypto related scam and save the money of its people, every countries should come forward with regulations to check any companies issuing an ICO within their jurisdiction are doing as they had stated and only allow them to issue an ICO when at least 25% of their initial funding and development had been made by the team or private investors.
Well, everyone wants to make their own coins and be popular, even though their functions are too forced. New investors, will be provoked by their excessive promotions, and that is the end.
Kind time of the day, with every day in ICO we meet more and more fraud. It is clear that no one forces us to invest in these projects. But the idea of a cryptocurrency does not imply any regulatory department. What do you think that could help in solving this problem? I just see only that the advisors were responsible, or they took a pledge from the projects they are entering.
Reducing scam is in our hand,if there is no one to invest on those project they will eventually fade over months or years.But these days scam getting increase which literally means that people are ready to invest on any project which causes scammers to target cryptos.
Before I participate in any ICO or bounty, I got to read more about that particular project or ICO. There has been a lot of scam projects I have participated in and it is my worry when I realise it at the end. Read more about projects before u start participating in them.
We have discussed this topic time without number, as for now there is nobody regulating ICO and that is why scammers number is increasing everyday in crypto. My advice for everyone in the business just have to be careful when investing in ICO.
Regulating ICO might be the solution to reduce scam which I think the US SEC ought to have done by now when they make statement about it but there must a tangible reason why they choose not to implement it again and I believed the disadvantage of the regulation is what make them withheld it as at now. 
Its quite unfortunate that nothing can be done about this present situation or challenge we have in the aspect of scam and scammers but i do suggest a quick and easiest way is to ensure we look out for projects with prospect and prestige so we dont not become preys to scammers and their deciet
We have discussed this topic time without number, as for now there is nobody regulating ICO and that is why scammers number is increasing everyday in crypto. My advice for everyone in the business just have to be careful when investing in ICO.
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