What is the problem of trust in projects? - page 26.

Bohxz M4p4gm4h4l25

full member

Activity: 339

Merit: 120

Quote from: Zhagedu on April 27, 2018, 12:03:31 PM

When i invest my time on a project and at the end they pay back nothing is always disguising to me and is my most annoying time.

Sad truth, people nowadays used to scam other people just to get their own profit in the worst way, I have work for six months and most of the project that I was involved to were scam, I reach the point that all of my hardworks and hardship were gone without having the thing in return and thats the worsr thing.

neliawesome

jr. member

Activity: 210

Merit: 1

I really dont get it why lots of people here wanna banned ICO project.I know there are lots of fraud project in ICO but how about those legit project?Do not generalized the ICO project coz for me thats why it exist is to contribute to crypto world and to all people who supported it.How about they will just have restrictions to all project owner so that only the legit project can run in the field.They should have strict implementation rather than banning it.

tabas

hero member

Activity: 3024

Merit: 745

🌀 Cosmic Casino

1. You don't have to worry if they should have removed, they will gone of the scene soon.
2. You can't stop companies / projects to have ICOs.
3. It's your opinion but you're wrong, there are investors that are surfing around looking for upcoming tokens/projects to invest with their money.
4. Go back to number 1.

trako

hero member

Activity: 756

Merit: 505

the last time the scam project is too much. this situation is the victim of people who follow most of their award campaigns. this will continue for a while. It's hard to change. if you are going to invest in ICO it makes more sense to do it with the token from the prize campaigns.

Harrisonimo

full member

Activity: 490

Merit: 101

What I will proffer is to have serious scrutiny of every intending ICOs; let them go through some rigorous test before they come out for marketing. I believe the global financial bodies have started with some good regulations to checkmate the false ICOs. And also, let's have limited number of coys per specific projects; i.e if Daneel is known for AI and was successful, there should be a check on the number of others too that want to raise ICO on AI again.

iqlimasyadiqa

legendary

Activity: 1596

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looking at its history then an ico project that exists today shows a negative value and most always end up with a scam. it has even made the Chinese government strictly forbid that it deals with cryptocurrency projects. Until now I see a market like showing a negative value to the ico project. but there are still many people who believe in the project, it is evident from the enthusiasm shown. yes they still hope that an ico project can bring a lot of benefits for all of them. The promotion offered is always interesting because the benefits gained can be large.

Jedzkie050617

member

Activity: 476

Merit: 11

Quote from: victorski on May 22, 2018, 04:24:49 AM

Most of my project i invested were succesful, But I know that there is a big percent of scam ICOs so I`m very suspicious and careful with my money

Trust issues is always been the problem around crypto projects. We can't blame people to suspect any new project that launch in market. Its been a problem about the project authenticity but my advices to those who want to invest in projects is to be more vigilant and more observant. Know the project and study firts before you invest.

kumala_abi

sr. member

Activity: 798

Merit: 250

GoMeat - Digitalizing Meat Stores - ICO

Quote from: victorski on May 22, 2018, 04:24:49 AM

Most of my project i invested were succesful, But I know that there is a big percent of scam ICOs so I`m very suspicious and careful with my money

we need to do that.carefullly is most important thing that we have to do.to much fake developer and ico's right now.they seems good in early proect but finally they scamm our money.

victorski

member

Activity: 238

Merit: 10

Most of my project i invested were succesful, But I know that there is a big percent of scam ICOs so I`m very suspicious and careful with my money

greenpath

newbie

Activity: 178

Merit: 0

ICOs must be drain in order to stop the scam. Trust the project is important to prevent some unrealistic onces.
Project that are trusted knows very well how to manage the ICO with good services to meet the concerns of supporters.
However sometimes the problem is the result maybe it will be success or failed.

squog

full member

Activity: 462

Merit: 100

ANONYMOUS MOBILE PAYMENTS

True that! For the longest time i don't get the reason for an ICO and i sure as heck didn't join in one. I would much rather see the coin grow and become stable or at least have a potential to have a strong exchange and that's the time i will buy in. Not when there is not even a price and not even sure if the ICO woukd be a success.

darthmaul

sr. member

Activity: 714

Merit: 252

I dont think that closing them will help at all. ICO's cant be closed as we are in the decentralised space and there is no way to control things up here.

If you see this as problem then we should be clever enough to identify the problem and fake ICO's. Learn from the mistakes of yourself and others and then try to judge the best out from the crowd.

That might help.

But removing the ICO concept is illogical or impossible.

abas_ir

sr. member

Activity: 518

Merit: 252

Quote from: mrbamboo on May 22, 2018, 03:56:22 AM

According to statistics, more than 95% of ICO projects are fraudulent. Thus, the remaining 5% are viable projects. Choosing such a feasible project is very difficult. There are two skills you should study to increase the rate of correct selection of feasible ICO projects. First, study the project team, see if they are public on your identity. Second, take a look at the project they are proposing to be feasible or it is an illusory project.

which statistics that show that data dude?looking second opinion from other crypto expert would help us determine best ico and have good team and product.

imapd

member

Activity: 173

Merit: 10

cave canem!

So I will tell you an ultimate way to stop that insanity. Just dont be interested and investing to that scammy projects anymore. Then they will be forced to go.

mrbamboo

newbie

Activity: 66

Merit: 0

Quote from: Rose119 on April 29, 2018, 07:02:42 AM

Quote from: entebah on April 28, 2018, 09:45:07 PM

it is not fair that ICO is generalized as a fraudulent investment, some projects are well designed and they are serious about their projects.
we just have to be smart to pick and read at least their white paper shows the seriousness of the project.

But sometimes even if we do our best to avoid those scam ico we still believe some of them, simply because other scammers also give their best to look it realistic.

Yes, when we have shared about measures to recognize fraudulent ICO projects, scammers will also rely on it to provide distracting information channels to investors. Actually, ICO projects are risky for investors, and sadly, this is the main reason why investors start out failing to call.

mrbamboo

newbie

Activity: 66

Merit: 0

According to statistics, more than 95% of ICO projects are fraudulent. Thus, the remaining 5% are viable projects. Choosing such a feasible project is very difficult. There are two skills you should study to increase the rate of correct selection of feasible ICO projects. First, study the project team, see if they are public on your identity. Second, take a look at the project they are proposing to be feasible or it is an illusory project.

Onews1990

full member

Activity: 362

Merit: 100

Everything will get focused on existing tokens if nobody can be able to create new a new tokens, and not the junk that is coming every other day in the market

CASTIEL05

member

Activity: 560

Merit: 13

I disagree with the OP's said about closing of ICO. Projects are technological invention and innovation, until there are many problems that the humane will encounter, ICO's will not be gone. ICO is really worth if it is successfully launch and not a scam. The only thing we need to do is to support/create the regulation in ICO to prevent scammers. ICO is good in our economy, it should not be eliminated instead, the people who will use it to fool people are those who must be put in jail.

zergenyt09

full member

Activity: 297

Merit: 100

Quote from: bengsabeng on May 03, 2018, 11:26:23 AM

currently many ico are failing, maybe investor confidence in ico has decreased. coupled with the chaotic market conditions made many ico fail.

Well I don’t know much about this fact because I am not really interested in this ICO thing. But I do know that many ICOs are just scam based and they are looting people in different aspects. But here, the story is about investing and trading in bitcoins so people more prefer towards trading than investing in ICOs because everyone wants to play very safe game. So yeah, for that they are losing interest here.

Ridwan Fauzi

full member

Activity: 1330

Merit: 147

Too hypocritical if you only look at the ICO on negative side. Many people in this forum are rich because they are investing or being part of the ICO project. If you are one of the victims of ICO fraud it's your own fault, spending money on ICO is not as easy as you thinking.

You are lose money because you do not do research and are rash to decide. I do not agree if ICO is eliminated, there are many ways to make ICO a safe place for investors. Like a regulator that will organize all forms of ICO, so that every ICO who already has permission from the regulator then they can start opening participant or investor who will join.

Topic: What is the problem of trust in projects? - page 26. (Read 4214 times)