SCAM ICOs, what we can do? - page 2.

MonsterV

legendary

Activity: 2212

Merit: 1008

Quote from: bussybuddy on July 20, 2020, 08:00:20 AM

Don't look at ICOs, if you're interested in new projects then go to IEO of the best exchanges in this market, Binance, Gate, Okex, MXC, ... Those are the best exchanges and there are The best IEO for you to join and invest

i dont think that all ieo that you said will going well if they just listed on fake Volume exchange to doing ieo like P2PB2B, LATOKEN unless the project list and doing their IEO on named exchange that often used by people and not bot Like Binance...

personally i never invested on IEO except the project are listed on binance IEO, buts its really difficult to buy coin on Binance IEO because they are using raffle system that only random person can win the ticket raffle and buy the token.

bussybuddy

full member

Activity: 1204

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Don't look at ICOs, if you're interested in new projects then go to IEO of the best exchanges in this market, Binance, Gate, Okex, MXC, ... Those are the best exchanges and there are The best IEO for you to join and invest

SyndicateLabs

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Activity: 896

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Quote from: aditasetia123 on July 18, 2020, 12:32:32 AM

Quote from: someone703 on July 18, 2020, 12:10:06 AM

The best way you should stay away from them to not lose money, you will not do anything for them. There is not even a ICO law around the world yet, which is why there are so many scam projects in this market.

better use our money to buy top ten coins in coinmarketcap that have high trading volum and solid community.meanwhile in ICO or new project its not proven yet as good project which is able to deliver their planned well to investors. many scammer in disguise as project developer team.

If you do not know how to trade, you will always lose and the top 10 altcoins in this market will also make you a lot of losses. Firstly, you need to have knowledge of chart analysis and price of altcoins, then you can easily find the best altcoins you want.

Furious 7

hero member

Activity: 2856

Merit: 644

https://duelbits.com/

Quote from: CuriousGeorge on July 20, 2020, 03:04:53 AM

Quote from: shaheer001 on July 18, 2020, 01:33:24 AM

ICO trend is now almost finished and IEO is in progress but the IEO which are conducted on Low rating exchanges also turned into scam. Only high-rank IEO project get survived. Stay away from ICO and IEO that are managed through low rating exchanges.

Low rating exchange site has no demand for the IEO and that's why all of IEOs were running on the small exchange sites have become exit scam project.
Anything that was getting listed on the low rating exchange site has a lot of possibilities to be scam coin.

That has happened a lot and don't be tempted by what is promoted in a low exchange because it will make us regret if we have invested in it, we have low exchanges that have a bad reputation, most of them are failed projects.

CuriousGeorge

sr. member

Activity: 1498

Merit: 251

KUWA.ai

Quote from: shaheer001 on July 18, 2020, 01:33:24 AM

ICO trend is now almost finished and IEO is in progress but the IEO which are conducted on Low rating exchanges also turned into scam. Only high-rank IEO project get survived. Stay away from ICO and IEO that are managed through low rating exchanges.

Low rating exchange site has no demand for the IEO and that's why all of IEOs were running on the small exchange sites have become exit scam project.
Anything that was getting listed on the low rating exchange site has a lot of possibilities to be scam coin.

someone703

full member

Activity: 944

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Just stay away from ICO projects and warn them to your friends, I believe no one will be fooled. Never waste your time and money on ICO projects, there have been too many ICO scams in this market and no projects have really succeeded in the long term.

sfireman

full member

Activity: 206

Merit: 100

Decentralized Ascending Auctions on Blockchain

Quote from: Dr.Osh on July 18, 2020, 12:36:27 AM

Quote from: someone703 on July 18, 2020, 12:10:06 AM

The best way you should stay away from them to not lose money, you will not do anything for them. There is not even a ICO law around the world yet, which is why there are so many scam projects in this market.

when you make an investment, there is nothing you can do but hope that the project returns to running, or a return on investment. when an ICO becomes a scam, you can't do anything. some people try to report this to the authorities, and hope their funds can be returned. because of problems like this, before investing, make sure that your investment is safe.

So true! However I don't think there is anyone willing to invest in ICO projects anymore since there were too many scammed ones. Though, if you want to invest in any kind of project, you should do very good researches before investing. Don't be too positive when investing, always be skeptical. You better take cautions before actions!

SistaFista

sr. member

Activity: 1638

Merit: 251

Hexhash.xyz

Quote from: Prolifik on August 28, 2019, 04:48:36 AM

Hi, recently so many past-ICOs turned into a scam or a deadcoin.
Is there anything what we can do to punish them? More than 2 years ICOs are scamming us and still people are investing, is this really a world what we want to create?

We cannot punish them unless we can pay some legals and unite as community to sue them. Some scam cases has been brought to the court.
Therefore, we should very careful when we are about to joining ICOs, but ICO is not good nowadays, IEO is.

b1k4ng

full member

Activity: 728

Merit: 100

we can do only by doing more research to avoid scam ICO, besides that there is nothing we can do. actually we do not want to create a world like this, but this is all a life where there are good people and bad people (no brain)

bayudndy

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Activity: 824

Merit: 104

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Quote from: shaheer001 on July 18, 2020, 01:33:24 AM

ICO trend is now almost finished and IEO is in progress but the IEO which are conducted on Low rating exchanges also turned into scam. Only high-rank IEO project get survived. Stay away from ICO and IEO that are managed through low rating exchanges.

IEOs on small exchanges are like ICOs, you will never get a profit when investing in those IEOs. It is true that we should only care about IEOs at the top exchanges because that is the only way to be profitable when investing in new projects.

shaheer001

full member

Activity: 1274

Merit: 100

ICO trend is now almost finished and IEO is in progress but the IEO which are conducted on Low rating exchanges also turned into scam. Only high-rank IEO project get survived. Stay away from ICO and IEO that are managed through low rating exchanges.

ttcsalam

copper member

Activity: 1120

Merit: 2

It was originally used for white paper. Trading has now started here.However, it is a matter of great difficulty that many companies are disappearing with this money before they are established.Which is very difficult for any investor.

Dr.Osh

legendary

Activity: 2758

Merit: 1004

Buzz App - Spin wheel, farm rewards

Quote from: someone703 on July 18, 2020, 12:10:06 AM

The best way you should stay away from them to not lose money, you will not do anything for them. There is not even a ICO law around the world yet, which is why there are so many scam projects in this market.

when you make an investment, there is nothing you can do but hope that the project returns to running, or a return on investment. when an ICO becomes a scam, you can't do anything. some people try to report this to the authorities, and hope their funds can be returned. because of problems like this, before investing, make sure that your investment is safe.

aditasetia123

member

Activity: 464

Merit: 10

Quote from: someone703 on July 18, 2020, 12:10:06 AM

The best way you should stay away from them to not lose money, you will not do anything for them. There is not even a ICO law around the world yet, which is why there are so many scam projects in this market.

better use our money to buy top ten coins in coinmarketcap that have high trading volum and solid community.meanwhile in ICO or new project its not proven yet as good project which is able to deliver their planned well to investors. many scammer in disguise as project developer team.

someone703

full member

Activity: 944

Merit: 101

PredX - AI-Powered Prediction Market

The best way you should stay away from them to not lose money, you will not do anything for them. There is not even a ICO law around the world yet, which is why there are so many scam projects in this market.

Blue_oxen

full member

Activity: 515

Merit: 101

Quote from: lobo13hf on July 17, 2020, 11:51:30 PM

Quote from: Midy on June 21, 2020, 07:53:13 AM

if we want to sue them legally, of course, we can, but if we are bounty hunters who want to sue them, of course it will cost a lot to be legally processed, but because we are constrained because our capital can only surrender and try not to choose ICO scam for the future.

The investor is the only party that can try to take legal action against the scam ico. Did you see what happened with bitclave? some US investors who have participated in the sale has already created a report to the SEC and bitclave has already sued by SEC. the investors have a lot of evidences to take the scammers to the court.

That only happens in those developed countries such as the U.S or EU. In the other nations where the laws about the cryptocurrency still not clear and fully effective, we barely can do anything to the scammers. Even if we can bring them to court, it's most likely to take a lot of time and effort. There is one thing we can effectively do for sure is that doing good research about any project we intend to join! Better defend ourselves before any attack!

lobo13hf

hero member

Activity: 2268

Merit: 507

Quote from: Midy on June 21, 2020, 07:53:13 AM

if we want to sue them legally, of course, we can, but if we are bounty hunters who want to sue them, of course it will cost a lot to be legally processed, but because we are constrained because our capital can only surrender and try not to choose ICO scam for the future.

The investor is the only party that can try to take legal action against the scam ico. Did you see what happened with bitclave? some US investors who have participated in the sale has already created a report to the SEC and bitclave has already sued by SEC. the investors have a lot of evidences to take the scammers to the court.

Ronaldcoin2017

sr. member

Activity: 1148

Merit: 300

The only thing we can do is to learn how o detect a scam ico maybe we need to select ico that has a good team with a good background to avoid scam ico and prevent the loss of funds,I believe that scam ico is always there but we can avoid it if we can determine it. Learn from the experience and be more active on searching or finding a documents of legitimacy is a good way to know more or point out scam ico.

Jannyh

copper member

Activity: 994

Merit: 4

There is nothing you can do to scammers, the only thing you can do is to save yourself and not patronise them, this can only be done by doing your due diligence and make sure you take all precautionary measures, make sure you have followed all the social handle of the project you want to invest, atleast it will help a little.

cryyppton1

jr. member

Activity: 119

Merit: 2

In my opinion, the only solution to scam ICO is to carry out strict investigations about any project and the Team before investing in such projects. However, there is nothing we can do to those developers we cannot punish them . hence scam investors and go free because the crypto market is not regulated.
I wont be surprised if Some developers create multiple projects and conduct ICOs for the sole purpose of scamming investors. investors need to be wise in investing.

Topic: SCAM ICOs, what we can do? - page 2. (Read 7295 times)