I think that there are so many ICOS because they are aimed not only at large investors, but also at ordinary people who can invest 50 - 500 dollars in ICO. In addition, people are now seeing this hype around cryptocurrencies and ICO, in pursuit of money investing in ICOS and cryptocurrencies.
Topic: There are too many ICO, why? - page 21. (Read 3125 times)
the main goal of people to make the ico project is to make a profit, be it professionally, or do it fraudulently. many ico projects have failed due to fraud, so many investors are afraid of investing in ico.
Probably its because of many project failing otherwise not successful and of course many ico developer is dreaming to be a successful to this kind of industry.
Because it's easy to scam people with ICO. Buy an old account, get a fake identity, copy/paste other's whitepaper, have some capitals and start a bounty campaign to get those investors. I know it takes some time but there's a lot of them and there's a lot of investors who would invest in those. Which is why there's a lot of ICO being created. But of course, there's also some good ICO but it's hard to find.
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.
This is the global movement and not a state or country movement. In this global space every developer or experts wants to fulfil the space with innovative approach. We know that people from different countries are concentrating on same type of ICOs for their own countries. In a whole we are seeing multiple same type of ICOs for single problem. Everyone wants to win the race but we don't know who will win. Time will tell us and lead to right way.
The reasons why the are so many ICO and the major reasons for the increasing numbers in ICOs is that it is an easier way for companies to raise money. Traditionally startups would have to rely on a bank loan, or venture capitalists to raise money for their product. With ICOs there aren’t as many blocks to jump through so it becomes easier for startups to raise much needed capital.
There are many ICO it only shows that there are many business companies out there who want to make it to the market, to publish and advertise their product or project as possible as they can, and for them this is the easiest and fastest way to post their ad and want other people to know it and patronize or support it.
This is a very good and easy way to raise money for the future of your own project. You do not need to have documents. Just present your innovative idea to the public, and wait. On the other hand, it is a good opportunity to deceive investors and steal a very large amount of money from them without any consequences for themselves.
Isnt this something completely obvious?
There are so many becasue anyone who have the know how to make a good presenation and low levels of ethics is trying to capitalise on this phenomen which is ICO.
And therefore there is so many failed and scam icos.
Unfortunately you are right, now even a schoolboy without education can breed his own token. In addition, this method of fundraising is not regulated by anyone, which is why we are now witnessing such a boom in ICO. There are so many becasue anyone who have the know how to make a good presenation and low levels of ethics is trying to capitalise on this phenomen which is ICO.
And therefore there is so many failed and scam icos.
There's a lot of ICO now and you need to be careful if you want to invest to ICO right now because most of them are scam and not possible to success. Invest only the extra money to ICO so you can feel better even what happen to your money.
Because ICO`s are after for the money that they can get and earned during there pre sale, but some ICO`s do not continue because they have not meet the expected amount in there pre sale and so they are about to abandon there project.
Isnt this something completely obvious?
There are so many becasue anyone who have the know how to make a good presenation and low levels of ethics is trying to capitalise on this phenomen which is ICO.
And therefore there is so many failed and scam icos.
There are so many becasue anyone who have the know how to make a good presenation and low levels of ethics is trying to capitalise on this phenomen which is ICO.
And therefore there is so many failed and scam icos.
In most cases I can say that the project team for such project that have no have after launch only planned for quick money and as soon as they realize it, they closed up or give the entire system less concern
This easy investment collection method can not be achieved with any other tool. This makes the crypt now valuable. But this can not continue. It will slow down from one place to the next.
First and foremost, we have to know that it's one of the key components of the Blockchain technology so we can cover everywhere soon.
However, it's suffice to say this has given chance to several whoremongers to have their ways too. Different scam ICOs are out there duping people of their hard earned money. So painful. Thus, for anyone that will invest, it's important to make one's findings well before rushing into the pool.
However, it's suffice to say this has given chance to several whoremongers to have their ways too. Different scam ICOs are out there duping people of their hard earned money. So painful. Thus, for anyone that will invest, it's important to make one's findings well before rushing into the pool.
Blockchain is young industry and there wa can deploy many projects.
This is the reson why we have big amount of ICO projects, they will compete for being last in the future.
Think deeply about that when invest for very long therm
This is the reson why we have big amount of ICO projects, they will compete for being last in the future.
Think deeply about that when invest for very long therm
People are seeking for free money and try to create new shitcoin and raise money. Back to 2017 year, creation of simple web site was enough to raise funds and now it is completely different story.
Besides WP, partnerships, funds participating in ICO, you have to perform MVP and shill on conferences . It is getting tough to raise money.
Besides WP, partnerships, funds participating in ICO, you have to perform MVP and shill on conferences . It is getting tough to raise money.
I myself also got overwhelmed to choose a good ICO to follow. With so many new coins emerging, thousands of Blockchain based projects are also mushrooming, but according to their analysts there will be many coins or tokens that will die or not succeed with their ico.
It is same when people want to fish more in a potential river.
The chance to get benefits are divided equally to every boday.
The chance to get benefits are divided equally to every boday.
In my opinion why there are many ICO's because of the investors looking where to invest their money, ICO Project is the one who give you a huge profit when their project will be success.
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