last exit before scam.
Market downturn is probably one of the main reasons why ICOs projects can’t last long and joining their bounty program is useless and a time waster. Due to the fact that the market goes into stagnate.
ICOs are forced to cash out some funds in order to survive. However, it is not enough which is why some of them decide to cancel their ICOs and return the funds of the investors.
Topic: The Delayed "Exit Process" of Failed ICOs (Read 261 times)
It is the same as when I asked when they would distribute the token. Their answers are Soon and ASAP. And the listing at the exchange is the same, right now when any project answers like that, I confirm they are scam. I estimate that up to 90% of projects are scam at the present time, too risky to invest
If they have no intention to develop their project in the first place, they will give you infinite reason to evade your questions.
Investing your money on ICO nowadays is very challenging because most of them failed to hit softcap.
But once you get the right project, the profit that you will gain is real.
Investing your money on ICO nowadays is very challenging because most of them failed to hit softcap.
But once you get the right project, the profit that you will gain is real.
It's real. Yes, it's definitely real how he's showing us the strategy of how does the ICO exit scam work for a month, but wonder why they take 1 year to exit scam lol.
I agree, now very many projects operate on such a pattern, and as a result, it may turn out to be empty, unnecessary coins!
So true, I was in one scam project called 'otho' they gave screenshots of their MVP product and all looked legit as hell, on the day of exit scam, they said they are going to be listed on kucoin and guess what? Dev dumped Token on ED and It's Gone!
LOL, this is funny, looks like you are already familiar with the excuses of bad project in crypto.
Well, I guess sometimes admin get irritated because people are not reading, they keep asking the same question over and over.
The "when exchange?" thing is familiar, some would also say, "when moon?" of "when dump"?
Well, I guess sometimes admin get irritated because people are not reading, they keep asking the same question over and over.
The "when exchange?" thing is familiar, some would also say, "when moon?" of "when dump"?
That is what I see from every ICO that was launch in 2018. One of ICO that I joined as participants still saying the same thing when every participant asked about when the token start in the exchange, what exchange will the token get a list and other things. But they still have the same answer as before. I think it's because they are failed to launch their product because this is not what they want to see right now. Besides that, with the market is down deeper than in the last two years, they decide to stop the project and only say, we still running some phase to make sure the project run properly.
Great lesson for us, I believe bounty hunter is not like off line job. In this work we need to know the field and minimalism risk, to reach that always learn from your mistakes. Not easy but we don't have much choice, so take it or leave it.
The waiting time hurts more than the money we are lsing because we are just having hope and hope finally getting disappointed which can broke many investors who invested their life saving here,that is why it is better to understand before investing and choose the bitcoin if you are very new here.
Today it is not necessary to draw categorical conclusions. We're first, and it's always a risk. Many developers also enter this market for the first time. And many people have pink glasses, they believe in their ideas. Only now the time has failed, now it is enough to start a rumor and the idea may die. Cheaters, too. Let's learn, we're here anyway.
Not all ICOs like that, many ICOs that have succeeded and their tokens have also been listed in large exchanges. That happened to you is happened a lot to other investors, making it an experience in investing in ICO.
I am very sad to see the current state of the ICO project. Many ICO projects are scam and those who commit fraud can live quietly without justice. I just hope that regulation will enter the ICO world.
After ICO and token distribution...
Investor: When exchange?
Admin: We will announce it soon.
After a week...
Investor: When exchange?
Admin: Very soon. We will be negotiating with some big exchanges, but will take time. Please stay tuned.
After a month...
Investor: When exchange?
Admin: Apologies. We are now prioritizing on our product development, so we decided to put the exchange listing on hold until our product is launched. Please stay tuned.
After 3 months...
Investor: When exchange?
Admin: We are almost finished with our product. We just need few more tweaks and test runs before the launch. It's better that we launch the product first before our token gets listed in an exchange to avoid massive dumping. Please stay tuned for further announcements.
After 6 months...
Investor: When exchange?
Admin: Due to the recent bear market, we decided not to list in any exchange until further notice. Once we recover, we will begin listing! On the other hand, our product launch will be delayed due to a lot of coding errors that needs to be fixed. Stay tuned for further announcements.
After 1 year...
Investor: When exchange?
Admin takes down official website, Telegram channel and social media accounts with three words, "AAAAAND IT'S GONE!".
Result: Token becomes shitcoin with no value sitting in our Ether wallet. Their so-called MVP didn't really exist as these failed ICOs are making fake announcements of their development progress.
I don't know who can relate, but this is the sad reality of so many failed projects we've invested back then without actually doing our homework first.
My point is this. Most ICOs have failed, but some have succeeded. Do your homework first before taking risks. As the old saying goes, avoiding risks doesn't make you successful, you just learn how to manage it. That's the whole game of it. Peace out peeps! 😉
This post of yours is very similar to the group moderators of online token... statement like this are definitely failed ico's... but not In all cases... sometimes some project may choose to delay listing in fear of their tokens getting dumped due to the beat market Investor: When exchange?
Admin: We will announce it soon.
After a week...
Investor: When exchange?
Admin: Very soon. We will be negotiating with some big exchanges, but will take time. Please stay tuned.
After a month...
Investor: When exchange?
Admin: Apologies. We are now prioritizing on our product development, so we decided to put the exchange listing on hold until our product is launched. Please stay tuned.
After 3 months...
Investor: When exchange?
Admin: We are almost finished with our product. We just need few more tweaks and test runs before the launch. It's better that we launch the product first before our token gets listed in an exchange to avoid massive dumping. Please stay tuned for further announcements.
After 6 months...
Investor: When exchange?
Admin: Due to the recent bear market, we decided not to list in any exchange until further notice. Once we recover, we will begin listing! On the other hand, our product launch will be delayed due to a lot of coding errors that needs to be fixed. Stay tuned for further announcements.
After 1 year...
Investor: When exchange?
Admin takes down official website, Telegram channel and social media accounts with three words, "AAAAAND IT'S GONE!".
Result: Token becomes shitcoin with no value sitting in our Ether wallet. Their so-called MVP didn't really exist as these failed ICOs are making fake announcements of their development progress.
I don't know who can relate, but this is the sad reality of so many failed projects we've invested back then without actually doing our homework first.
My point is this. Most ICOs have failed, but some have succeeded. Do your homework first before taking risks. As the old saying goes, avoiding risks doesn't make you successful, you just learn how to manage it. That's the whole game of it. Peace out peeps! 😉
Very true pal which was really very sad and weary joining to them in bounty task. We taught from the start when joining to them that they are very great and too good to be true project which is why we put our time,internet expense and effort on it doing bounty task ot even investing.
I guess this longest bear season has taken a toll on the community. That's why I totally scrap my idea of investing or even joining bounties because of the potential exit scams and the KYC needed to provide just to get your tokens and then what? it has no value at all? So better stay out of ICO's for now and just invest on bitcoin alone.
After ICO and token distribution...
~snip~
After 1 year...
Investor: When exchange?
Admin takes down official website, Telegram channel and social media accounts with three words, "AAAAAND IT'S GONE!".
~snip~
After 1 year...
Investor: When exchange?
Admin takes down official website, Telegram channel and social media accounts with three words, "AAAAAND IT'S GONE!".
I think that you are talking not about failed ICOs but about failed projects because, as far as I understand, ICO successfully ended and the team reached at least a soft cap.
In my opinion, this situation should be cosidered an outright scam. In this case the admin simply stole the funds of investors, cashed tokens and disappeared with money.
This is one of the common exit from scam ICO's. They're claiming that exchange listing is being finalized aftewards they will be gone. I am fed up with this kind of tean like datareum and now almost with cryptassist (i hope not). Well they are doing this to ensure that people won't post anything negative about so that investors will possibly move on.
This is precisely for the ICO SCAM Project, after 3 months of launch the dev is always looking for unclear reasons it has become a scam category. It's true that a lot of the contents of our wallet containing worthless coins from this scam project
Unfortunately, It is the current trends on ICOs after token distribution. I have joined on some current ICOs, and most of them did the same ways. They always delayed to list the tokens to exchanges with various reasons. It is the fact that most of ICOs delayed the exchanges ended with failed or scam issues.
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