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Topic: What Are ICOs And Are They Scammy? - page 5. (Read 485 times)

newbie
Activity: 40
Merit: 0
August 10, 2018, 04:52:39 AM
#27
ICO stands for Initial Coin Offering. From my experience most of them are scam but not all of them. You can identify good ICOs by analyzing.
newbie
Activity: 56
Merit: 0
August 10, 2018, 04:39:50 AM
#26
ICO or initial coin offering is the private and public sale of coin when it is first launched. If analyze for a while you’ll find out that most of them are scam.
member
Activity: 258
Merit: 10
August 10, 2018, 04:32:50 AM
#25
ICO is a way to raise a fund to develop the project and it's also great opportunity for scammers to do the same, make a fake white paper and any details just to get investors.. but not all ICO are scam. There must be some with real usefull idea to improve one compamy
member
Activity: 182
Merit: 10
August 10, 2018, 04:31:27 AM
#24
Suffice to say that most ICO projects are hype. Grin
While some ICO projects are truly valuable, you need to decide for yourself which are worth investing in.
newbie
Activity: 42
Merit: 0
August 10, 2018, 04:28:52 AM
#23
You can’t generalize by saying ICOs are scammy. But it’s true that most of them are. You need to be careful before investing.
member
Activity: 140
Merit: 10
CRYPTASSIST.io
August 10, 2018, 04:01:20 AM
#22
What Are ICOs And Are They Scammy?
ICO is a collection of funds for the release of some kind of cryptocurrency. You give them BTC or ETH, but instead get tokens. These tokens when releasing a coin on the market should cost several times more, it is good to be able to receive a multiple profit. But today, indeed, most of these projects are scam, and some simply can not collect the right amount of money, so they do not enter the market.
newbie
Activity: 217
Merit: 0
August 10, 2018, 03:56:05 AM
#21
ICO stands for Initial Coin Offering. When a new company wants to start a new project and they need funding ther start a ICO to offer people their token with discounts; profits and bonuses. Most of the ICOs are scam but there are lots of potential ICOs too.
member
Activity: 336
Merit: 10
August 10, 2018, 03:49:34 AM
#20
I still don't know what Google created for. LOL. You can find every information you need about ICO on Google. But if you wanna know if all ICO are scam or not so I can tell you that not all ICO projects are scam Smiley. Although number of scam ICO is really high but it's not all. You still can find out so many good ICO projects to invest out there although it's being in downtrend.
full member
Activity: 1055
Merit: 103
www.Artemis.co
August 10, 2018, 03:47:52 AM
#19
ICOs are startup teams collecting money from different people to fund their project.
They come up with promises to share any profit their projects makes with the people who invested them.
But most of ICO issuing team are not dedicated enough to work hard with others money and spend it on unnecessary task than developing the real project.
full member
Activity: 406
Merit: 109
August 10, 2018, 03:41:41 AM
#18
What Are ICOs And Are They Scammy?

You can treat ICO as IPO in crypto space. ICO is the medium for projects to raise the capital they require for building there projects. They ask public to invest in them before the project is out in market and in return they provide coins on a cheaper rate then the expected rate on listing.

Scammy or Not? Depends upon projects, you need to be very careful while investing in ICO, a lot many scam ICOs are out there which just run away after taking your money.
newbie
Activity: 392
Merit: 0
August 10, 2018, 03:36:07 AM
#17
ICO stand for Initial Coin Offerings and this is a sort of sale given when a new coin is launched. All the ICOns are not scams but some are. You should go through the whitepaper and the website properly while choosing an ico to avoid scams.
newbie
Activity: 336
Merit: 0
August 10, 2018, 02:30:29 AM
#16
The ICO is a common thing in the crypto currency. The new projects collect the capital through. Here you will find many scams. But you have to be aware of the investment. If you verify before investing; you will benefit.
newbie
Activity: 50
Merit: 0
August 09, 2018, 06:40:16 PM
#15
Hey Doctor A,

I agree with the majority of people in this thread that many ICOs turn out to be scams and this is likely due to improper regulation. That being said, many ICOs are not scams and are damaged by the hesitation investors have due to the huge influx of ICO scammers. ICOs in general are a risky investment but if you find a quality product that you believe in, nothing is more satisfying in the cryptosphere than to see the project succeed after an ICO.

Best,
CafeCoin
https://cafe-coin.com/
newbie
Activity: 84
Merit: 0
August 09, 2018, 06:32:27 PM
#14
This is the main issue regarding crypto currency market. An initial coin offering (ICO) is the way to raise funds by crowd funding and it needs no regulation to start any type of ICO. This allows many fraud groups to create false ICOs and take away the money of the investors.
full member
Activity: 1829
Merit: 134
Moderator
August 09, 2018, 06:25:03 PM
#13
Initial Coin Offering or ICO is a fundraising mechanism for new projects by selling tokens that will be used in their project with payments using multiple cryptocurrency or fiat, basically same as IPO. There are usually several stages such as Private Sale, Pre-ICO then Public Sale with the bonus they offer.
https://bitcoinmagazine.com/guides/what-ico/

Scammy? I think yes. But not all of them, on Google, there are many ways to distinguish between a scam and legitimate ICO, but it does not guarantee, at least it can increase our success chances of joining a legitimate ICO.

Lately, SEC has launched fake ICO to educate investors and newbies like me, the details can be seen here: https://cryptocurrencynews.com/icos/ico-news/sec-launched-fake-ico-howey-coins/ And here: https://bitcointalksearch.org/topic/annicohoweycoins-the-only-bitcointalk-endorsed-ico-guaranteed-profit-3920469

ICO is very high risk investment, So be careful!!!
newbie
Activity: 126
Merit: 0
August 09, 2018, 05:38:58 PM
#12
What Are ICOs And Are They Scammy?
ICOs or initial coin offerings are ways through which a company raises cash to finance a blockchain project, some (not all) can turn out to be fraudulent
newbie
Activity: 63
Merit: 0
August 09, 2018, 05:34:47 PM
#11
ICO stands for Initial Coin Offering. It is a fund raising mechanism where investors offer some unit of crypto currency in exchange of crypto currency like BTC and ETH. Yes they are scam because there are no regulations for applying for any license. Anyone can launch and thus it has security issues. So before investing on them please gather a sound knowledge about the project.
member
Activity: 122
Merit: 10
Do what needs to be done.
August 09, 2018, 04:33:42 PM
#10
Look at ICO as very high risk investment. Even if you do your own research there is still chance of fail.

Read trough various experiences of people with ICOs and watch youtubers explain how it all works. That all helps in the learning process and should help you down the road.

Also, here is a tip for you how to find good youtuber. Find a few months old video from youtuber where he predicts prices of ICOs or coins, check if he was right. If he was right (youtuber) continue to watch his videos and learn from it Wink
hero member
Activity: 3066
Merit: 577
Leading Crypto Sports Betting & Casino Platform
August 09, 2018, 04:31:24 PM
#9
What Are ICOs And Are They Scammy?
Most of them now are.

Before ICOs are something good that made the market healthier but due to the bad usage of it, it has been crowded by scammers.
hero member
Activity: 1624
Merit: 791
Bitcoin To The Moon 📈📈📈
August 09, 2018, 04:24:15 PM
#8
What Are ICOs And Are They Scammy?
what I know about ico is to raise funds by selling tokens, these tokens are rewards to funders or what we usually call investors and basically they don't cheat because the tokens received by investors have the opportunity to have higher prices when they being in the market It's just that not all of them give good tokens and there are even some who don't give tokens but that is only partly because there are many ico that benefit their investors
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