SCAM ICOs, what we can do? - page 24.

lighpulsar07

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Quote from: Prolifik on August 28, 2019, 05:48:36 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?

I don't think that you can do anything for those owners of ICO that turned scam or became a dead coin they will just make another coin with fake name and ANN threads after that they could accumulated enough money they will say the CEO left and eventually ran away. These guys should be caught by the authorities but due to anonymity of internet they aren't easily be caught.

irixo10

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GoMeat - Digitalizing Meat Stores - ICO

There is nothing we can do other than stop giving them the power to ride us through investing in them. Most people invest because they were told to, most invest because of hype while most invest as a result of the growth they have seen; in each case the number of investors that did their research might be almost zero. So until we educate ourselves and teach ourselves the right way to invest, we will keep falling prey to these fraudulent projects.

maman567

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Better invest your money on IEO have listed on Binance because have big chance to get profit than you have keep investing your money on ICO or other IEO listed except binance.

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legendary

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Quote from: randyboy on September 01, 2019, 07:25:00 AM

Until now, scam ico's are still exist and making more projects... for me all I can do is observing their project for months before I invest an amount.. this is not that effective than you thoughts but it will help you to know more the project you want.. promising projects are everywhere. choose the one that it won't regret you at the end.. grow with this, it will help you.

what if when you have observed they have not been a scam, but when ICO is finished they suddenly scam?
this often happens, even though the team looks real.
Wouldn't it be better to choose IEO, because ICO is now very risky, and even the demand is also small, this will increase the likelihood of ICO failing because it is rarely interested in, and ultimately Scam.

Burogh

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Quote from: Prolifik on August 28, 2019, 05:48:36 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?

Investing in new projects is basically speculation. It could be that the new project is a good project but it could also be a scam project. There are still many people who invest in ICO because of the potential benefits and bonuses, but now the trend has shifted to IEO which in my opinion is safer than ICO

asyakashi

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Quote from: Anonylz on September 01, 2019, 12:57:48 AM

Quote from: asyakashi on August 31, 2019, 07:27:32 PM

Quote from: taufik123 on August 31, 2019, 07:23:41 PM

Many ICOs have been successful in the past due to the improving state of the altcoin market. but it is inversely proportional to the current Altcoin is increasingly destroyed and many ICOs have failed. But if you say that the past ICO is a SCAM and deadcoin, you need to trace the history first. To be honest, ICO is no longer interested by investors and has been replaced by a simpler and better IEO.

I agree with you, IEO has killed ICO slowly.
although there are still ICOs at this time investors are not interested in joining ICO. Just look at some of the extended ICO projects but IEO was successful in a short time especially IEO binance.

Yeah ieo seems to be more legit than ico even though not 100% guarantee, there are still risk involved but a lot less risky than what ico's gradually turned out to be, the attention has shifted greatly from ico to ieo, only few projects still conduct ico and they hardly have investors to fund their project.

This is a sign of the death of the bounty in this forum, just look at IEO does not require a bounty hunter.
this is very worrying and there will be no more signature campaigns later this forum will die like ICO.

semobo

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Quote from: herurist on September 01, 2019, 11:57:06 AM

Quote from: semobo on September 01, 2019, 11:36:00 AM

Quote from: Prolifik on August 28, 2019, 05:48:36 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?

You can't so anything if people are ready to invest even if the projects were scamming them for years.

IEOs will eventually takes the market and ICOs will be useless in the near future.

The point is we have to be careful if you want to invest in an ICO, choosing IEO is the same, because fraud in the internet world is hard for me to track.

High chance of losing our money even if we invest on the ICO with good idea and team for various reasons that is why ICOs are getting worse as an investment and you will be having hard time at making profits from it.

herurist

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Activity: 1680

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Quote from: semobo on September 01, 2019, 11:36:00 AM

Quote from: Prolifik on August 28, 2019, 05:48:36 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?

You can't so anything if people are ready to invest even if the projects were scamming them for years.

IEOs will eventually takes the market and ICOs will be useless in the near future.

The point is we have to be careful if you want to invest in an ICO, choosing IEO is the same, because fraud in the internet world is hard for me to track.

semobo

full member

Activity: 1498

Merit: 146

Quote from: Prolifik on August 28, 2019, 05:48:36 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?

You can't so anything if people are ready to invest even if the projects were scamming them for years.

IEOs will eventually takes the market and ICOs will be useless in the near future.

OliverBuracBTC2017

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Activity: 1

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I don't think there is a sure shot way of punishing those people behind scam projects. What we can do right now is doing a much more in depth research to somehow reduce the risk of anyone joining bounties that are just scams. Those people managing those kind of projects might be behind different scams projects and it is dad that we can't do something about it unless we inform a lot of people.

randyboy

member

Activity: 378

Merit: 10

Until now, scam ico's are still exist and making more projects... for me all I can do is observing their project for months before I invest an amount.. this is not that effective than you thoughts but it will help you to know more the project you want.. promising projects are everywhere. choose the one that it won't regret you at the end.. grow with this, it will help you.

o.ogurlu

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Activity: 910

Merit: 12

I unfortunately don't think there is anything to we can do to punish. I think, all we can do is that we have to do some serious research before joining any ICO. And we should only join the ICOs we trust for sure. In this way, perhaps we can reduce the number of scam ICO in the market.

TheICE007

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tozex.io

The best investors can do for themselves is to be very selective, by this I mean they should do lots of research before participating in any initial exchange offering or ICO , this will help reduce the amount of scam project they invest in else I don't think anything can be done.

Anonylz

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Quote from: asyakashi on August 31, 2019, 07:27:32 PM

Quote from: taufik123 on August 31, 2019, 07:23:41 PM

Many ICOs have been successful in the past due to the improving state of the altcoin market. but it is inversely proportional to the current Altcoin is increasingly destroyed and many ICOs have failed. But if you say that the past ICO is a SCAM and deadcoin, you need to trace the history first. To be honest, ICO is no longer interested by investors and has been replaced by a simpler and better IEO.

I agree with you, IEO has killed ICO slowly.
although there are still ICOs at this time investors are not interested in joining ICO. Just look at some of the extended ICO projects but IEO was successful in a short time especially IEO binance.

Yeah ieo seems to be more legit than ico even though not 100% guarantee, there are still risk involved but a lot less risky than what ico's gradually turned out to be, the attention has shifted greatly from ico to ieo, only few projects still conduct ico and they hardly have investors to fund their project.

asyakashi

sr. member

Activity: 1918

Merit: 256

Just.bet - Decentralized On-chain Casino

Quote from: taufik123 on August 31, 2019, 07:23:41 PM

Many ICOs have been successful in the past due to the improving state of the altcoin market. but it is inversely proportional to the current Altcoin is increasingly destroyed and many ICOs have failed. But if you say that the past ICO is a SCAM and deadcoin, you need to trace the history first. To be honest, ICO is no longer interested by investors and has been replaced by a simpler and better IEO.

I agree with you, IEO has killed ICO slowly.
although there are still ICOs at this time investors are not interested in joining ICO. Just look at some of the extended ICO projects but IEO was successful in a short time especially IEO binance.

taufik123

legendary

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Many ICOs have been successful in the past due to the improving state of the altcoin market. but it is inversely proportional to the current Altcoin is increasingly destroyed and many ICOs have failed. But if you say that the past ICO is a SCAM and deadcoin, you need to trace the history first. To be honest, ICO is no longer interested by investors and has been replaced by a simpler and better IEO.

Prettygirl01315

sr. member

Activity: 630

Merit: 250

there are so many scam ICO's in the past months due to the reason which the project can run the funds of it and we cant do much nothing about it . The only thing we can suggest is blacklist those kind of projects right now and also checking every details to those who are running ICO if you want to participate on the project.

xiboothrezi

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Activity: 1246

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There are ICO projects that start from the beginning plan to deceive investors, there are projects that do not develop so that the developer runs away and disappears without clarity so that it becomes a scam. Being stuck in an ICO is a risk, I've experienced that too. At first, the project looked promising, but after a long time passed, there was no progress from the planned roadmap. The price of the token does not increase, it is worthless. I lost 85%. There is not much we can do, we can only be more vigilant, blacklist the scam team developers, and warn others if they make another new project.

jajorforce

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Quote from: Prolifik on August 28, 2019, 05:48:36 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?

I think you was missed so many good project like SERO, FERRUM network and TEMTUM project. Using more time in research you will earn more experience. This project was finished, also running some good project.

Twinkledoe

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Quote from: Rinso on August 31, 2019, 06:26:15 PM

we cant do anything with it if you already send your funds to buy the scam that scam project. but what we can do is just tell to other people if we realise and find scam project. and please becarefull if you wanna invest to some project! do your own research about their project, team, and anything what you cand find

If someone wants not to be a victim anymore of these ICO projects, better not to invest on them anymore. Better invest your portfolio in btc or eth or other altcoins that have been existing in the market for so long. At least you are sure that your coin has a market no matter what.

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