Because it is quite easy way to get huge money. In world of classic crowdfunding you should have really genius project to get investments around 1 million dollars. In world of crypto you can get 10 million for not so brilliant idea.
Topic: There are too many ICO, why? - page 19. (Read 3125 times)
a lot of them are scams and they think it's a really easy way to get a lot of money.
I have seen so many signature in the forum and some of these signatures are good as i have been also visiting their website, btt forum and their telegram. The project they are also promoting are unique and most of it are promising project. However, this promising project will get compromise because the number of investors will compromised with the number of ICO being introduced. So the money of all the investors if it will be evenly distributed the ICO will not going to success because it could not raise more funds that is why i am raising this thread on why there are too many ICO? A great number of ICO's will increase the chance of the ICO's to fail.
As you notice In the bitcoin forum mate Its a lot of different forum rank wearing different signatures as well because this one of the easiest way to earn money through working In the forum. And most of the time we bounty hunters depend on luck by joining different signatures.
The thing is that now people have started to spend more and more of any new projects that they can not even realize, the purpose of these ICOs is simply to collect your money, that is, just rob you.
Because there are people who wants to support the rising of cryptocurrency.
there are many group of people who wants to have business and share it in crypto.
they want to extend their vision with investors.
ICO now i always 50-50...
50 percent true and the other half of scam so beware,
there are many group of people who wants to have business and share it in crypto.
they want to extend their vision with investors.
ICO now i always 50-50...
50 percent true and the other half of scam so beware,
So the money of all the investors if it will be evenly distributed the ICO will not going to success because it could not raise more funds that is why i am raising this thread on why there are too many ICO? A great number of ICO's will increase the chance of the ICO's to fail.
Everyone wants to get money for the concept of the project. One of the biggest advantages of raising funds through the ICO is that everyone can try to get the funds for their project.
Big money are coming into crypto. more and more funds are coming from investors to the industry, moreover "big players", like investing funds, are also entering this market, so it is possible to collect good sums of money even with average product.
The problem is too many coins, too many ICOs, not enough investors.
Of course their goal is to get big profits, I think there are too many ICOs because it's easier to make coins and tokens, as we know that source code can be easily learned so that many people make coins and tokens.
Because there are a lot of ICOs not to develop projects but to get into the exchanges to cheat money, there are a lot of new investors who have lost a lot of money after buying these ICO coins, and I think those exchanges are very responsible.
There are a lot of newbie searching for a chance to get rich by crypto. And the scammers will not let this golden opportunity pass, right?
The reason behind the numerous ICOs is that the Blockchain technology offers an incredibly huge benefits which through its utilization can generate countless projects offering solutions to problems facing our contemporary societies.
I have seen so many signature in the forum and some of these signatures are good as i have been also visiting their website, btt forum and their telegram. The project they are also promoting are unique and most of it are promising project. However, this promising project will get compromise because the number of investors will compromised with the number of ICO being introduced. So the money of all the investors if it will be evenly distributed the ICO will not going to success because it could not raise more funds that is why i am raising this thread on why there are too many ICO? A great number of ICO's will increase the chance of the ICO's to fail.
There are many ICO because businesses is riding the ICO craze hoping they will be able to raise money they need for the company by launching it as ICO project. I think this is healthy competition as there's steep competition, there's many option for people to invest with and that will mean ICO project will do their best to attract investor like us. If you look back at how ICO was, they launched ICO first and raise money before creating the prototype or beta of their product but nowadays many ICO's already have prototype or beta to attract investor. This also shake up a bit scammers coz people are getting intelligent and can compare each project so thus minimize the chance to be scammed.
I have seen so many signature in the forum and some of these signatures are good as i have been also visiting their website, btt forum and their telegram. The project they are also promoting are unique and most of it are promising project. However, this promising project will get compromise because the number of investors will compromised with the number of ICO being introduced. So the money of all the investors if it will be evenly distributed the ICO will not going to success because it could not raise more funds that is why i am raising this thread on why there are too many ICO? A great number of ICO's will increase the chance of the ICO's to fail.
The answer is extremely simple. ICO is the fastest way to raise money, both for legitimate and scammy ICOs.
Especially in the light of serious lack of ICO legal regulation rules.
there are many people who are interested in investing and getting benefits from ico. they prefer Ico than coins in the market because they feel that Ico is more profitable and IO is a cheap investment. and seeing many people who are so interested in ico, the company always launches ico.
Now you do not need to run your own blockchain technology to raise funds for the development of your project. It is enough to issue a token on the basis of the clever contract of the Ethereum network. This makes the work easier.
I have seen so many signature in the forum and some of these signatures are good as i have been also visiting their website, btt forum and their telegram. The project they are also promoting are unique and most of it are promising project. However, this promising project will get compromise because the number of investors will compromised with the number of ICO being introduced. So the money of all the investors if it will be evenly distributed the ICO will not going to success because it could not raise more funds that is why i am raising this thread on why there are too many ICO? A great number of ICO's will increase the chance of the ICO's to fail.
Yes there were many ICOs because there are many companies want to start their business and gather the funds from investors.
But unfortunately many icos appear to be only a scam project created by bad peoples to gain fast money.
For now, many ICOS have failed to deliver the promises. Only few of them are success.
yeah I wondered that. I want to follow it especially under this sharing. I also want to ask friends on the local channel. I guess this is because there are too many cheaters.
The problem is too many coins, too many ICOs, not enough investors.
I don't think so, there are a lot of investors, actually this year all ICO combine it has already raise a lot of money. We are talking about millions here, in early stage of the project, they can use that money to develop and still people believe they can make huge profit if the project will be successful.
This is good to know, but aren't some of the investors starting to stay away from the market? I mean, I am no expert in the crypto market but as far as I know, investors are losing so much money as well due to many ICO's failing for various reasons.
Before ico, you have to do a startup fund, but the ico mode allows you to do things without having to have money first. You can raise money through ICO, so many scamers see this and they use Ico to defraud people's money.
I have seen so many signature in the forum and some of these signatures are good as i have been also visiting their website, btt forum and their telegram. The project they are also promoting are unique and most of it are promising project. However, this promising project will get compromise because the number of investors will compromised with the number of ICO being introduced. So the money of all the investors if it will be evenly distributed the ICO will not going to success because it could not raise more funds that is why i am raising this thread on why there are too many ICO? A great number of ICO's will increase the chance of the ICO's to fail.
In actual here everyone is free to do work , so here no one can restrict to anyone to start ICO project , even if you will think to start your own ICO then no one will try to stop you .But here availability of the numbers of ICOs are clearly telling that we have lots of options and we should go with the perfect ICO only .
And also here this field is fully freedom for everyone , so here everyone is free to show his talent by making his own coin with better technology .
But in Actual most of the ICOs are entering in this field of cryptourrency only just to make money by the people, and they are not thinking that how much this is destroying the trust of the people due to such types of the stealing of money through ICOs project .
Hope in the future there will be any management system that will stop them to make launch of ICOs project and will take any componsation like things for the investors to save Thier atleast at big part of money as safety and many things to verify the project whether is better or not .
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