Study Finds Majority of ICOs Do Not Provide Adequate Information to Investors

dead_m92

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Quote from: Fire Rabbit on December 08, 2017, 05:29:50 PM

Most of the ICOs don't provide their actual details and everybody knows this. Because they always want to be in a safe side if their business don't work out well as planned.

But you are wrong, that is the main reason of why they need to have legal advisors and lawyers inside their team, most of those most succesfull projects that we have seen are using this method; having two or more lawyers or legal advisors.

And i am not just talking about it, but most ico's are thinking that only if they apply the kyc and aml verifications on their project, it means that they are going to be fully secury and supported by the law.

And that is false

TimtheYoutuber

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www.positivebetting.com

Which is why we need more ICO standards. You should take a look at my thread where I discuss different standards that should be present in the ICO community. https://bitcointalksearch.org/topic/m.23732348

The market will call for a restructure once everyone that invested in ICO's (starting around last summer ) get burned with there terrible investment.

Fire Rabbit

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BabelFish - FISH Token Sale at Sovryn

Most of the ICOs don't provide their actual details and everybody knows this. Because they always want to be in a safe side if their business don't work out well as planned. Even the people know this.Then also people are ready to invest in these type of ICOs because of their lucrative offers.

richfund_Pe

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A study conducted by the University of Luxembourg Faculty of Law, Economics, and Finance, has concluded that the majority of initial coin offerings (ICOs) fail to provide critical information to investors.

The study, titled “The ICO Gold Rush: It’s a Scam, It’s a Bubble, It’s a Super Challenge for Regulators,” seeks to provide a “taxonomy of ICOs to facilitate thinking clearly about them, analyze the various regulatory challenges they pose, and suggest the first steps regulators should consider in responding to” the ICO industry. The University examined over 150 ICOs whilst gathering its findings.

The report concludes that “At the moment, many ICOs are offered on the basis of utterly inadequate disclosure of information,” and as a consequence, “the decision to invest in them often cannot be the outcome of a rational calculus.”

The findings state that “Only 28.5% of the ICOs in our sample mention the law applicable to the ICOs”, and that “In 69% of the cases there is no information at all as to the regulatory status of the ICO.” The study adds that “Almost all ICOs rely on legislative loopholes or, more accurately, what the issuing entity hopes (or prays) is a loophole or grey area.”

What is your response to the University of Luxembourg’s findings?

Topic: Study Finds Majority of ICOs Do Not Provide Adequate Information to Investors (Read 103 times)