Scammers ruin ICO fund raising - page 2.

Lanatsa

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Quote from: NoirSuccubus on August 21, 2019, 02:22:56 PM

Scams happens in ICO because of project teams first take the money from investors, and then the coin eventually doesn’t get listed in the exchanges. With IEO, investment is much safer as investors have a guarantee that the coins will be listed in the exchanges. This makes them a hell lot of reliable in my opinion rather than falling in the scam trap. IEO don’t yet have nay news of scams as of now, so let’s just wait and see what happens

No scams as of now yet but we cant guarantee that they aren't doing something shady behind those platforms.Manipulation is possible but somewhat this is much really better than ICO's.

The difference though is on the profitability where it cant possible hit up 1000x or higher yet we have seen how IEO perform when it comes to price surge.

NoirSuccubus

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Scams happens in ICO because of project teams first take the money from investors, and then the coin eventually doesn’t get listed in the exchanges. With IEO, investment is much safer as investors have a guarantee that the coins will be listed in the exchanges. This makes them a hell lot of reliable in my opinion rather than falling in the scam trap. IEO don’t yet have nay news of scams as of now, so let’s just wait and see what happens

moynul2050

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Fundraising using the ICO method has indeed become a very preferred method by the originators of the crypto project. but when there are too many scammers who are detrimental to investors, which makes them disappointed, the current collection and ICO is indeed very difficult. due to a lack of investor confidence to invest in some of the new ICO projects.

Capt00

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What it happens to ICO is something to cause huge market failure and investors doubts. Some ICO projects never give of what they promise and what the tell to their investors. We can't deny that some of them are still promising and legit but it badly affected by the others.
As people appreciate how IEO does today, it is somewhat a mind-changing for investors to go along with IEO than be still with ICO projects.

Bunsomjelican

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Quote from: Stanlo on August 15, 2019, 10:19:53 AM

If ICO wasnt been plague by scammers acts ICO will way better than IEO, ICOs are programmed to run on the projects very own website and no any third party involvement at all so any fund raised will go directly to the dev or project team, no loss of funds to scam exchanges,after some successful IEO fund raise on some exchanges they dont bother to send the funds back to the project teams

As of now, there are some IEO that after the project has been done in terms of distribution of the token, for what I saw its just
the same for the ICO where scammers can both use them to scam people here in this field of business industry. So, the better way to do
for now is to find a solution for this matter instead of saying that ico fund is ruin.

Jating

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Quote from: Stanlo on August 15, 2019, 10:19:53 AM

If ICO wasnt been plague by scammers acts ICO will way better than IEO, ICOs are programmed to run on the projects very own website and no any third party involvement at all so any fund raised will go directly to the dev or project team, no loss of funds to scam exchanges,after some successful IEO fund raise on some exchanges they dont bother to send the funds back to the project teams

You have a valid point. However, those scammers took advantage of ICO's anonymity specially during its height in 2017. Projects pop like mushrooms, everyday you will see them popping around and victimising investors. And this continues up to 2018. So that by 2019, we haven't seen any legit project took off and became successful before scammers have ruined the reputation already.

And then when the new business model of IEO/STO slowly making its ground on the ecosystem, ICO became dead and experience dry spell as investors shift their attention to the last business model of IEO who in turn are very lucrative for early investors or those who have a lot of spare money to throw on IEO projects.

pinoy.bolanon

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"In CryptoEnergy we trust"

Thats correct, but comparing both, id rather stick for IEO because it is more legit than ICO, my point is that, IEO is run by legit exchanges and it is sure that the token could be listed to exchanges, comparing to ICO where promises of the team involved could not be trusted after all, but based on the statement above, yes i do believe that scammers could do harm the ICO integrity since last 2years and until now, maybe IEO is better than ICO just for my thought.

forexandcryptoauditor

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During the ICO fund raising stages, many scammers including projects and exchanges took unnecessary advantage of investment strategies. This in turn lowered the confidence in investors. Thanks to IEOs. But here also we should be careful selecting the project and more important selecting the IEO holding exchanges.

Finestream

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That's what scammers do, their job is to ruin, they don't help as they are only here to serve themselves being greedy.

Yes we can blame the scammers but that is not the root cause of the problem, why scammers are increasing because they see a big opportunity to make money that they will not be trace or easily caught when they do their dirty thing, but I believe the root cause of the problem is the lack of regulation in the space, if the government will focus on regulating the crypto space, that would help to bring back the interest of the potential investors, and even those who got victims of scam in the past, they might come back when they see it's secured this time due to regulation.

Barbut

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Quote from: SquallLeonhart on August 19, 2019, 05:45:31 AM

Do you really think that scammers are the ones that ruined ICO fund raising or we are the ones that ruined it? The reason why I said we ruined it was because, we were the ones that projected this scammers to the world, they used us bounty hunters as their tools and we allowed ourselves to be used just because some of us are greedy, desperate and lack research techniques.

We have so many hunters that just pick any project that they like out of gut instinct and then promote it hoping to get a result and reap from where they show little, we have seen now the reason why many people has been on top of their voices shouting that we should make research before participating in any ICO, if we don’t pay attention to those scammers. Would they even have the chance to raise the money? No.

For some projects you are right, but I always try to point out that not all ICO projects are scams, simply some of the projects failed cause of other things, lack of knowledge, bad idea realization, not enough investors, there are many things that can go wrong when you are building something from zero, and that`s are ICO`s, projects that starts from zero.
I like ICO`s more than IEO`s. I don`t like every exchange, and for sure I don`t like every project they launch.

lixer

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Quote from: ALLAH 1 on August 20, 2019, 07:03:21 AM

If ICO wasnt been plague by scammers acts ICO will way better than IEO, ICOs are programmed to run on the projects very own website and no any third party involvement at all so any fund raised will go directly to the dev or project team, no loss of funds to scam exchanges,after some successful IEO fund raise on some exchanges they dont bother to send the funds back to the project teams

I don’t get what you are trying to say, because IEO is a new system that is not even up to a year old, and the real scam that destroyed ICO is that one conducted directly by these developers, prior to when IEO platform was introduced by Binance, many of us only buy tokens directly from these developer’s website which after they raise fund, they disappear from the industry, while some of them refuse to enter exchange and we had hundreds of them between 2018 and 2019.

It was this that made Binance think of using the IEO platform to filter bad projects from good project by conducting a thorough research ion them first, but unfortunately, I guess that exchanges re beginning to defraud too like you said which would really be a bad thing for IEO.

ALLAH 1

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If ICO wasnt been plague by scammers acts ICO will way better than IEO, ICOs are programmed to run on the projects very own website and no any third party involvement at all so any fund raised will go directly to the dev or project team, no loss of funds to scam exchanges,after some successful IEO fund raise on some exchanges they dont bother to send the funds back to the project teams

SquallLeonhart

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Do you really think that scammers are the ones that ruined ICO fund raising or we are the ones that ruined it? The reason why I said we ruined it was because, we were the ones that projected this scammers to the world, they used us bounty hunters as their tools and we allowed ourselves to be used just because some of us are greedy, desperate and lack research techniques.

We have so many hunters that just pick any project that they like out of gut instinct and then promote it hoping to get a result and reap from where they show little, we have seen now the reason why many people has been on top of their voices shouting that we should make research before participating in any ICO, if we don’t pay attention to those scammers. Would they even have the chance to raise the money? No.

MonsterV

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Quote from: Mahanton on August 18, 2019, 12:55:21 PM

Quote from: key4co.in on August 18, 2019, 04:22:15 AM

It's wise for a project team to run their IEO only on exchanges with good reputation if they must do an IEO. Doing IEO on just any exchange without reputation is a 50:50 chance of getting back (or not getting back at all) their funds after token sale and also posing high risk for investors. ICO would have been great but scammers spoilt it like mentioned here, let's just stick to IEOs on reputable exchanges to reduce risk of losing funds to scammers.

With IEO craze we have seen now new exchangers had been pop up which means these are the new places for scammers to take advantage and make easy money thru IEO.ICO was indeed a good one for project owners but due to rampant scam it did really mainly affect its reputation which do lead up on losing interest
or people are already afraid to directly invest.

Yeah right. Now the scammers are trying new ways to scam investors through exchanges. Indeed, there have been many new exchange projects since the past few months and of course they have all been interfered by scammers. Therefore, I did not invest my money in a new exchange, even the old exchange did not determine the success of the project.

it's just true what the OP said, that ICO will be more profitable than IEO if the scammer outbreak doesn't come. The funds will go directly to the dev without being cut any fees. I remember in 2017 when ICO was still very popular, it made me very lucky.

ololajulo

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Quote from: Bravext on August 15, 2019, 10:40:08 AM

Your topic really doesn't relate to the body of your post, as for scammers ruining IEOs, I am yet to see an example of an IEO that has been conducted and the funds are not given to the team as agreed, maybe it's because I do not follow up on projects that does not conduct their IEOs in too tier exchanges, this is basically an indication that you should stick to trust worthy and verified exchanges as long as fundraising is concerned.

They could give token that might never be traded or listed on exchanges, lots on latoken, exmarkets, etc, most not on those top rated exchanges. IEO has its shortcoming but scam in ICO has lot more and made people poorer and left so much doubt in investors that they cant recover from. I believe their would be solution that will mediate between the ICO and IEO.

Little_king

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Every new thing get been used out of line , many use them to scam people as they are new to it and once it get escalate people change toward it and that is what has happen to ICO .

But no how the scammer could be stop as the new way will also be use , so that is why we advance every day as every day solution comes once one is block.

leea-1334

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Quote from: maxreish on August 17, 2019, 11:22:39 PM

We can't go back to that past "ICO" days before. The damaged has been done and scammers already ruined the momentum of ICO. If IEOs will be the solution to prevent scammers from ruining the upcoming releasing coins then I can say let us give time for IEO to prove that thing. They are starting to build their good reputation and scammers actually find it hard to enter IEO.

I think that deep down, everybody knows the old ICO days are over,,, but investors still hope to get some last life like in the form of IEOs (same thing, believe me) and projects still hope to convince investors for a few more years that they have a killer product ready to make everyone a lot of money.

IEOs are not going to prevent scammers. Trust me on this.

Talomericahar

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If ICO is ruined just let it die in peace.
IEO is the future

bastian466

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Obviously IEO is better than ICO, the risk of fraud is lower and investors also trust IEO because it is safer because people prefer whose name is related to the exchange market which creates increased trust in a project

Golftech

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Quote from: zulfi125 on August 18, 2019, 04:39:22 AM

In previous years and now most of ICO's was scams and some of the projects were not launched in the market that is reason investors are not investing in ICO's and if project team launch ICO than investors will not invest more, maybe the project can be good but can't raise more funds and IEO is more good way to raise funds from token sale but projects need to launch in good exchanges and scam exchanges should be avoided and reported .

Most choose IEO's as the results of their investment is much quicker than waiting for ICO's where the wait is really longer and there's no assurance
that it will be added to any exchanges, this venue of investment is no longer that hot unlike before when picking project is not that hard to select
and the chance to earned is really much higher than what we are having right now, the lesser you place your investment the better chance not to be
scam at all.

Topic: Scammers ruin ICO fund raising - page 2. (Read 4898 times)