Topic: SCAM ICOs, what we can do? - page 6. (Read 7295 times)
You can't do anything for the scam ICO because they are operating from the across the border and there is no separate statutory body established for the governance of the ICO conduct. So, always invest with your own risk and if you are investing in the ICO then invest very low funds.
Punishing a scam team is extremely difficult. Some forum users correctly say that one must be very careful and analyze the project. Although this also does not guarantee full insurance against fraudsters. I remember the case when one project did not want to make payments and then everyone who promoted the company got together and united in movements, started anti-advertising on social networks. This led to the fact that the project team immediately fulfilled its obligations.
Have you ever wondered why shady ICOs continue to attract investment, despite the negative mood prevailing in the market for the past couple of years? My guess is that a large part of the investment directed towards these projects come from questionable sources. The investors may be trying to wash their coins, to avoid detection by the authorities.
All you can do is higher standards of verification on IEO platforms or launchpad's. Also, only in terms of ICO/IEO/STO/ITO I'm a supporter of more regulations and higher standards in terms of verification process before launching fundrising on any platform, community should be active and warn as many people as it is possible when any scam warnings are on the table.
Any form of fraud violations in IEO must be eliminated, the absence of rules so that many IEO have been produced just to steal investor funds. In the future, it is expected that the project team must go through verification and be willing to accept risks if they commit fraud to investors in any way.
we can only warn other users, if we know there is an ICO that leads to fraud. because ICO is a scam and no it's still hanging around and ready to prey on it ..
No one can punish them for the ICO or other scamer in the crypto world because it is difficult to do with no evidence and where they are so that the ICO continues to roam with no punishment for them so this is more difficult.
In 2018 the ICO boom has begun to occur and it is there that gamers always make actions with their platforms by cheating many people with investors' money and the only way you have to be more careful because if you are careless in doing so you will lose your money.
In 2018 the ICO boom has begun to occur and it is there that gamers always make actions with their platforms by cheating many people with investors' money and the only way you have to be more careful because if you are careless in doing so you will lose your money.
All you can do is higher standards of verification on IEO platforms or launchpad's. Also, only in terms of ICO/IEO/STO/ITO I'm a supporter of more regulations and higher standards in terms of verification process before launching fundrising on any platform, community should be active and warn as many people as it is possible when any scam warnings are on the table.
No one can punish them for the ICO or other scamer in the crypto world because it is difficult to do with no evidence and where they are so that the ICO continues to roam with no punishment for them so this is more difficult.
In 2018 the ICO boom has begun to occur and it is there that gamers always make actions with their platforms by cheating many people with investors' money and the only way you have to be more careful because if you are careless in doing so you will lose your money.
In 2018 the ICO boom has begun to occur and it is there that gamers always make actions with their platforms by cheating many people with investors' money and the only way you have to be more careful because if you are careless in doing so you will lose your money.
All you can do is higher standards of verification on IEO platforms or launchpad's. Also, only in terms of ICO/IEO/STO/ITO I'm a supporter of more regulations and higher standards in terms of verification process before launching fundrising on any platform, community should be active and warn as many people as it is possible when any scam warnings are on the table.
No one can punish them for the ICO or other scamer in the crypto world because it is difficult to do with no evidence and where they are so that the ICO continues to roam with no punishment for them so this is more difficult.
In 2018 the ICO boom has begun to occur and it is there that gamers always make actions with their platforms by cheating many people with investors' money and the only way you have to be more careful because if you are careless in doing so you will lose your money.
In 2018 the ICO boom has begun to occur and it is there that gamers always make actions with their platforms by cheating many people with investors' money and the only way you have to be more careful because if you are careless in doing so you will lose your money.
The ICO is dead, any project implementing the ICO at the current stage is Scam. So never waste your time looking for good ICOs in this market, go to major exchanges and participate in their IEO. Those are good and safe projects for us to participate and invest
One advantage with the IEO is that the token is already listed in the exchange. Unlike the case with many of the ICOs, we don't need to worry whether it is going to get listed or not. And since the entire IEO process is conducted within the exchange, we don't need to worry about the liquidity as well. But still, if the project is not good enough, it won't be sustainable in the long term.
Well.. major exchanges such as Binance do have a very tough screening criteria for new IEOs. But at the same time, the investor is advised to do his part of analysis and research. At the time of the IEO, the project may be having solid fundamentals and plans. But what will happen, if the promoters vanish with all the money that is collected during the IEO process? In such cases, even the screening by exchanges won't work.
this is the reason why you have to evaluate not only the reputation of the exchange but the project itself, that is if you really want to invest in IEOs. assess the capability of the team if they can truly implement their objectives. because some of the projects will present a very attractive concept and comprehensive whitepaper but it is only to entice potential investors, but in reality, they are here to collect some funds for their own pockets. i guess we have seen a lot of projects like that, great concept, professional team, good whitepaper/roadmap but in the end, they just ran away with investors' funds.
Actually people do not trust ICOs in this time so that was why projects introduced investing IEO. ICO are like traps and a lot of project scam people with that. They have disappeared and their tokens have only become rubbish. People should abstain from any ICO
That is if they still exist. I cannot remember the last I saw a project called ICO. Most of the now go for IEO, Crowdfunding and the likes. There are some that get grants to develop their projects and list on exchnage, without raising any initial fund from investors. Some also do a private sale, where they get private investors who are interested in the project.
Whatever form it takes, I still feel we should do our research before investing in any of the projects.
Actually people do not trust ICOs in this time so that was why projects introduced investing IEO. ICO are like traps and a lot of project scam people with that. They have disappeared and their tokens have only become rubbish. People should abstain from any ICO
I don't really have faith in the ICO yet. They are like a trap, without any guarantee to us. The one that makes me most confident right now is probably IEO because they are partly selected by exchanges. I am also really impressed by the current IEOs like the xDai (Stake) project or Just token (JST). They bring me a lot of profits.
I'm sure, when they made the first ICO and it's goes successfully collected investors money, one or more from their team will addicted to create another project. But this time, they will scam you. They will make a fake project or abandoned their current project after collecting investors money. So Be careful.
When i received scamming news those projects then i keep leave quickly and i recommend my all friends for never investing. Actually people do not want trust ICOs in this time so it would be like better chance for investing IEO, which like binance with top exchange.
there is no way out if you have participated in the ICO, if the ICO project has reached softcap maybe the token will be distributed,
and if successful then the token will have a good price, if not then the risk you must accepted, Token from ICO doesnt have value in the market
many projects have already done that. some have even published successes in sales but in reality, they have disappeared and their tokens have only become rubbish. and if successful then the token will have a good price, if not then the risk you must accepted, Token from ICO doesnt have value in the market
there is no way out if you have participated in the ICO, if the ICO project has reached softcap maybe the token will be distributed,
and if successful then the token will have a good price, if not then the risk you must accepted, Token from ICO doesnt have value in the market
and if successful then the token will have a good price, if not then the risk you must accepted, Token from ICO doesnt have value in the market
Truly the number of scam ICOs has increased exponentially over the years, sadly since decentralization is the core of the blockchain ecosystem, the idea of regulation cannot be welcomed. However, I suggest the implementation of a certain guideline for ICO, especially for utility tokens. Say, the utility token should be for an already existing product with a clearly defined market-base. But that would be me suggesting some form of regulation. I think it boils down to investors; protect yourself and your capital.
The best reactions to wards scam icos is to avoid them, the best way to avoid them is doing proper research and findings, and ensuring that all facts are on deck.
Avoid trusting ico rating sites, and just use them as scale parameters.
But now that icos are no more, dyor before joining any ieo, stick to the big guns ieo
I never encourage others to invest in ICO because these are all high-risk projects and will only make you lose money if you choose to invest. Out of a hundred ICO projects, only 1 ICO project can bring you profit, and it is best to stay away from when that project conducts an ICO. I think now IEO is a promising option for investors and do not need to wait long to make a profit. Avoid trusting ico rating sites, and just use them as scale parameters.
But now that icos are no more, dyor before joining any ieo, stick to the big guns ieo
The best reactions to wards scam icos is to avoid them, the best way to avoid them is doing proper research and findings, and ensuring that all facts are on deck.
Avoid trusting ico rating sites, and just use them as scale parameters.
But now that icos are no more, dyor before joining any ieo, stick to the big guns ieo
Avoid trusting ico rating sites, and just use them as scale parameters.
But now that icos are no more, dyor before joining any ieo, stick to the big guns ieo
The ICO is dead, any project implementing the ICO at the current stage is Scam. So never waste your time looking for good ICOs in this market, go to major exchanges and participate in their IEO. Those are good and safe projects for us to participate and invest
One advantage with the IEO is that the token is already listed in the exchange. Unlike the case with many of the ICOs, we don't need to worry whether it is going to get listed or not. And since the entire IEO process is conducted within the exchange, we don't need to worry about the liquidity as well. But still, if the project is not good enough, it won't be sustainable in the long term.
Well.. major exchanges such as Binance do have a very tough screening criteria for new IEOs. But at the same time, the investor is advised to do his part of analysis and research. At the time of the IEO, the project may be having solid fundamentals and plans. But what will happen, if the promoters vanish with all the money that is collected during the IEO process? In such cases, even the screening by exchanges won't work.
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