What is the problem of trust in projects? - page 11.

Ozero

full member

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Quote from: Komorhan on April 27, 2018, 10:10:06 AM

There are so many scam projects going on. people are now afraid of joining ico.
1. i think ico should be removed. because the frauds have multiplied and people are now having difficulty in distinguishing the truth.

2. if there is no money to develop the project, please do not try to project it. also from the ico when it comes to the stock market is not 3k 5k. even lower than the price you get. because the investor does not know which one to buy.

3. no one is buying token, my regimen does not want to spend 3 or 5 years. when it gets 10% higher than it bought.

4. there are hundreds of projects in each stock exchange. Someone stop them.

ICO does not need to be deleted or prohibited. It needs to be regulated by the states. Now the ICO teams even try to fool bounty hunters en masse and, as a rule, they succeed in this. First of all, it concerns the KYC verification in relation to bounty hunters and especially at the end of the ICO or even after its completion. After the end of the ICO, teams already have the opportunity, under various pretexts, to declare on an individual basis that such a check has failed and not to pay the earned tokens. In general, it makes no sense to join the campaign of generosity ICO.

redsap

member

Activity: 336

Merit: 10

Harmony for One and All

investor need to secure their money, and for someone who run the project need to convince investor if they are making their project are really serious and also giving them much information about the progres, that can make the bond trust for each investor and project creator

yvesp110

hero member

Activity: 1092

Merit: 501

Quote from: usorin on November 13, 2018, 08:08:59 AM

The trust problem in any project is related to the people involved, no matter how small or big the project is.

It is not only about the investors but it is also about the one who is running the project, if you are doing well, you are making good offers so everyone will get attract towards you, one should be honest with the work they are doing, most people get scam from even some other fake projects but it made them never trust anyone again, so honesty is the important things here.

GunsLair

jr. member

Activity: 644

Merit: 1

Quote from: UchihaRukawa on November 12, 2018, 05:42:05 AM

I think, these ICO or projects are not the problem here, it is the lack of the investors in taking time to read and know about where they are investing their money, many people are investing in cryptocurrency without even reading or making their own research about what the coin is about, and that just gave the scammers the idea that they can easily scam people around.

I have already talked about this more than once. The more gullible and inattentive people there are, the more scam projects there will be. It didn't start on one day, it always has been. Thirst for easy and fast money is present in any kind of business. Therefore, the main problem is the unwillingness of people to go deep and carefully study the projects in which they are going to invest.

Umkar

member

Activity: 364

Merit: 10

I agree with the author of the topic, because I also constantly encounter a large number of different projects because of which I feel difficulty in choosing a good project, and a lot of time is lost in searching and studying unpromising projects. And over time, they are not getting smaller, so I think we need more rigid frameworks and rules for launching ICO.

usorin

hero member

Activity: 1134

Merit: 500

The trust problem in any project is related to the people involved, no matter how small or big the project is.

Lammie

jr. member

Activity: 65

Merit: 5

I agree with removing ICO's completely. However the people who get scammed are not the brightest bulbs. When you think rationally and research the coin you're investing in, it's almost impossible to get scammed.

niteroy

member

Activity: 476

Merit: 17

If there are many projects there is a demand for them. People who invest in ICO projects without choosing them carefully provoke scammers to create more new projects. If everyone were conscious and had a responsible approach to choosing a project for investment, there would be fewer useless projects.

Aldrinx00

member

Activity: 882

Merit: 13

Sure there are lots of scam projects out there but there also legit ones that has been successful. I think investors are more careful now on choosing projects to invest, one solution to this is that it must be regulated so that people that have bad intentions will think twice and if they do so they will be punish.

Conasse

jr. member

Activity: 336

Merit: 5

Culotte Jaune Officielle

So many scams around. Anyone can easily make fake social profiles, few PRs, an attractive website/WP and you're almost ready to go.
People are losing confidence as a result. The good thing is there are many good old altcoins with better technologies better to focus on.

bayu7adi

hero member

Activity: 1470

Merit: 558

dont be greedy

if the ICO is closed, it will of course minimize the occurrence of fraud which often occurs. ICO is becoming popular because an organization can get money openly without any regulation from the relevant government just by expressing its business concept in several sheets called a whitepaper
after that, Masternodes and Hardfork will be another alternative to get money from the cryptocurrency community

Micerker

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Activity: 593

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BBOD The Best Derivatives Exchange

Quote from: candra raditya on November 11, 2018, 01:37:09 PM

The ico project cannot be stopped because not all ico projects are scam. And before joining and investing in the ico project, you must first understand the project objectives to be followed so that you don't choose the wrong ones.

Most ICO projects use old ideas, and their goals are almost identical. Whether the project is successful depends on its development team. You can see that the influential people in the Crypto world often create potential ICOs and they are both successful and profitable for investors.

hashshashin

sr. member

Activity: 728

Merit: 250

Look ARROUND!

The situation with the ICO market is not really the best, because there are a lot of scammers, there are projects that want too much money to develop a project, but stopping the creation of ICO projects is not the best idea. Perhaps the market needs some kind of supervisory authority to track scammers. I hope after this lull the situation with the projects of ICO will improve.

Akoldi_ibk

jr. member

Activity: 1050

Merit: 1

Quote from: UchihaRukawa on November 12, 2018, 05:42:05 AM

I think, these ICO or projects are not the problem here, it is the lack of the investors in taking time to read and know about where they are investing their money, many people are investing in cryptocurrency without even reading or making their own research about what the coin is about, and that just gave the scammers the idea that they can easily scam people around.

I quite understand the angle from which you stated your opinion, but you can't just put the whole blame on investors just like that because carrying out proper and adequate research on any ICO doesn't guarantee it won't turn out to be a scam later on. I observed that recently a lot of work is being put into scam ICOs by these scammers. These scams are being well planned and executed in such a way that investors won't see them coming until it happens. The important thing is to more careful.

strunberg

sr. member

Activity: 1344

Merit: 335

#SWGT PRE-SALE IS LIVE

Quote from: reality18 on November 12, 2018, 05:16:47 AM

One of the key factors contributing to the lost of trust by some crypto investors in project is the frequent scam projects hitting the market. Some of these projects are tactically planned hence very difficult to identify as fake or scam.

and much investors lied by this fake ico.they spread their experience suffering loss in fake ico.and it make other investors worry to put their money in market.and now we was lack of investors.

UchihaRukawa

full member

Activity: 364

Merit: 100

I think, these ICO or projects are not the problem here, it is the lack of the investors in taking time to read and know about where they are investing their money, many people are investing in cryptocurrency without even reading or making their own research about what the coin is about, and that just gave the scammers the idea that they can easily scam people around.

reality18

member

Activity: 938

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Earn more with Earn Network

One of the key factors contributing to the lost of trust by some crypto investors in project is the frequent scam projects hitting the market. Some of these projects are tactically planned hence very difficult to identify as fake or scam.

will2500

newbie

Activity: 16

Merit: 0

Now it is becoming more and more difficult to find some worthy project and where the assigned goals will be achieved and the team will be real, therefore, you need always learn every company with which you will work.

fauzan Ichsan

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Activity: 1246

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Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: Bellator on November 11, 2018, 02:20:08 PM

Quote from: B. on November 11, 2018, 12:22:59 PM

Crypto ecosystems must continue to rotate because not all old projects can survive, there must always be new projects, but indeed there is something uncontrolled since smart contracts began to be widely used

the worst impact is the decline in ico quality because it does not focus on project strength and readiness before publish it to sales. Next year there must be a strong standard for this or the mind of investors will be broken and we go back to an era of investment that is full of fraud.

It is not possible to remove ICO projects entirely as it has contributed much to the crypto market. But I do agree that it is going on decline especially with the rise of huge amount of scam, new ICOs resulting to a negative view on new projects in general. Setting a strict standard for new projects to follow may be effective coupled with wise investors who thoroughly research and select good projects to invest on.

right, by providing strict criteria, it will certainly filter out investors who will participate in the project. on the other hand investors will feel comfortable, because the project is truly carried out professionally

Bellator

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Activity: 826

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Quote from: B. on November 11, 2018, 12:22:59 PM

Crypto ecosystems must continue to rotate because not all old projects can survive, there must always be new projects, but indeed there is something uncontrolled since smart contracts began to be widely used

the worst impact is the decline in ico quality because it does not focus on project strength and readiness before publish it to sales. Next year there must be a strong standard for this or the mind of investors will be broken and we go back to an era of investment that is full of fraud.

It is not possible to remove ICO projects entirely as it has contributed much to the crypto market. But I do agree that it is going on decline especially with the rise of huge amount of scam, new ICOs resulting to a negative view on new projects in general. Setting a strict standard for new projects to follow may be effective coupled with wise investors who thoroughly research and select good projects to invest on.

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