Topic: SCAM ICOs, what we can do? - page 22. (Read 7295 times)
The rate at which scam ICOs have saturated the atmosphere of crypto is something of great concern. A lot of crypto enthusiasts are getting discouraged already from continuing with ICO projects due to high prevalence of scam projects. We do not need to get discouraged because such things do happen in many other businesses transactions too. We need to just keep on researching very well to be sure of the ICO projects we want to partner with. A great work is required of us if we will not be scammed by ICO projects. Though good ICO projects may not really be much, but the fact is that they still exist but it will take serious effort and attention to get them. I think what we can do stop the prevalence of most of these scam ICO projects is to keep educating crypto investors on the need to research well on ICO projects before investing into them.
Simply not join ICOs as you say most of ICOs is scam, ( i say most not all).
Actually, that is the very simple solution to these scam ICOs. If investors will stop supporting them, I don't think they will launch their fake projects. But unfortunately, there are still crypto believers that somehow they firmly believe that there are still good projects that they can invest with. But as for me, I have stopped investing in ICOs a long time already. Been screwed twice in these ICOs before. And that were my hard lesson for believing that dev team can fulfil their promises and they will truly implement their objectives.
There are no scam ICOs alone, but also scam IEOs. You need do not need someone to keep telling you that ICOs are scam, until there is an intervention perhaps from blockchain itself, government or any regulatory body. Although, I still see good IEOs on good platforms, which can be attested to.
Simply not join ICOs as you say most of ICOs is scam, ( i say most not all).
I dont think we can do much about these scam projects which are stealing money from investors. Only thing at the moment can be done is that to avoid them.
With introduction of regulations(strict), situation would be better.
With introduction of regulations(strict), situation would be better.
The only thing we can do about the scam ICOs is to avoid investing in them. Taking the legal route is not a viable option. A lot many users have tried filing lawsuits against the scammers, but in most cases they shift from one country to another and the legal process gets stagnated. As of now the only viable approach is to spread awareness.
If you can recognize it quickly, but in a situation where you are unable to detect quickly that the project is scam you will end up losing your money because most scam project are going the extra mile to look legit, and as a result many new investors are unable to identify which is scam or genuine, now people have to be extremely careful.
The only thing we can do about the scam ICOs is to avoid investing in them. Taking the legal route is not a viable option. A lot many users have tried filing lawsuits against the scammers, but in most cases they shift from one country to another and the legal process gets stagnated. As of now the only viable approach is to spread awareness.
As someone who becomes a bounty hunter, of course there is nothing we can do right now if indeed the ico project that we follow ends up fraudulent and becomes a dead coin, but we can anticipate it before participating in the ico project by knowing more information about the ico before we join in.
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?
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?
well, i dont know, how to say.
but , we can say it are the ERA of it.
even we punish them soo badly, another people will create a same thing with different idea.
and about investor,of course they know it , about can be victim of scam project.
but they still do it, perhaps something good happen, and their investement will explode x3 ++
about world , of course we dont want it , never.
but since everything is simple , scamming people will be a simple job to create a money too.
It is difficult to punish them, but in the case of the past 2 years, some ico did get caught by sec, I just don't know whether the developers are criminalized or not because I don't understand the law, the rest to reduce this, maybe we should stop promoting ico but in my opinion it's useless because basically ico, sto, ieo or whatever it's almost same
It is indeed difficult to ensnare scammers to be punished because they also know about legal loopholes besides the absence of regulations from the Government where the ICO takes place. Investors really need to be vigilant and therefore, in my opinion, with the changing token sales format to IEO, I think this is the newest way to invest in new projects to avoid scammers.
It is difficult to punish them, but in the case of the past 2 years, some ico did get caught by sec, I just don't know whether the developers are criminalized or not because I don't understand the law, the rest to reduce this, maybe we should stop promoting ico but in my opinion it's useless because basically ico, sto, ieo or whatever it's almost same
It is indeed difficult to ensnare scammers to be punished because they also know about legal loopholes besides the absence of regulations from the Government where the ICO takes place. Investors really need to be vigilant and therefore, in my opinion, with the changing token sales format to IEO, I think this is the newest way to invest in new projects to avoid scammers.
Well technically you can't do anything do them
The reason why i stated technically is because there's still cases where scammers can be sued and detained
But it is not that simple
Crypto investment like ICO/IEO is not govern and bound by a strict laws and regulations because every ICO/IEO are based in different countries
So yeah
The reason why i stated technically is because there's still cases where scammers can be sued and detained
But it is not that simple
Crypto investment like ICO/IEO is not govern and bound by a strict laws and regulations because every ICO/IEO are based in different countries
So yeah
There have certainly been many scams, but I tend to think that most of the projects have failed not because of bad will, but simply because of the incompetence and carelessness of those who managed them.
ICOs, for a while, were a good way to make easy money, and obviously many have tried without having the necessary foundation.
ICOs, for a while, were a good way to make easy money, and obviously many have tried without having the necessary foundation.
As practice shows, unfortunately, ICO participants are powerless before cheating by ICO admins. For three years I have been watching the emergence of new projects, as some of them were successful, while others turned out to be scammers, and their projects were scam. There were cases when the community tried to influence the scam team of the project, but as far as I know, all this ended simply by removing the participants from the groups and closing these groups as a result. Perhaps of course large investors were able to somehow return their funds, but I did not hear about it. I believe that it is possible to influence such projects and their admins only by creating information resources where all information about them should be indicated. It’s very good that there are people here at Bitckointalk who take fraudulent projects to the clean water.
It is difficult to punish them, but in the case of the past 2 years, some ico did get caught by sec, I just don't know whether the developers are criminalized or not because I don't understand the law, the rest to reduce this, maybe we should stop promoting ico but in my opinion it's useless because basically ico, sto, ieo or whatever it's almost same
in fact I strongly agree if the scamers get a sentence commensurate with this case, but the problem is there is no legal rule regarding the abuse of crypto. I don't see strict action for scamers, instead what I see scamers is increasingly rampant in the crypto market.
I would not say that there are more scammers now than in 2017 during the period of ICO's great popularity. But scammers, this is the type of people who will always be in any field of activity. So it’s not worth building special hopes that sometime we will get rid of them 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?
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?
As long as there is no government regulation, I don't think we can do anything. The most maximum thing we can do is spread the mode and also the people who commit fraud but I think this is also ineffective.
I think the best thing to do is not investing in ICOS but participating in IEO which the project have promised to list on the same exchange immediately after IEO. And not all IEO.
At times, its better and safer like that.
If there will be an exchange for only verified IEO only, This will be better too
At times, its better and safer like that.
If there will be an exchange for only verified IEO only, This will be better too
in fact I strongly agree if the scamers get a sentence commensurate with this case, but the problem is there is no legal rule regarding the abuse of crypto. I don't see strict action for scamers, instead what I see scamers is increasingly rampant in the crypto market.
Teach newbies.
Let them be aware with this kind of scams. I am not saying every ICO will be a scam at the end. The very least we could do is tell them how to go deeper into digging this kind of projects.
Yes there may be scams but there are also those who are doing it for a change.
If they dont want to risk that much then point them to the old ones who are already trusted. Let us say bitcoin or Ethereum.
Let them be aware with this kind of scams. I am not saying every ICO will be a scam at the end. The very least we could do is tell them how to go deeper into digging this kind of projects.
Yes there may be scams but there are also those who are doing it for a change.
If they dont want to risk that much then point them to the old ones who are already trusted. Let us say bitcoin or Ethereum.
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