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Topic: What is the problem of trust in projects? - page 28. (Read 4214 times)

jr. member
Activity: 364
Merit: 3
GIGZI - INDEPENDENT WEALTH MANAGEMENT
The problems of trust in projects is that , members who join directly to project with less information about the projects , So if you want a trustful ICO projects , make a thourough information and research about the projects so  that this will add the trust of the projects, but this is not a guarantee that the projects is not really scam but gathering informations is also important.
full member
Activity: 404
Merit: 105
before choosing an ICO project, you should read and research the content of the whitepaper first, you should see the timeline on the roadmap and see who the team is joining in the project. many are fooled by the ICO project for not being careful in choosing ICO. I think ICO also benefits to gain more profit than trading.
This is the problem by many for not choosing the Ico's very carefully. Even the popular projects ended a scam just collected the money of investors. We should be keen on observing behind the team because there are many scams.
full member
Activity: 994
Merit: 138
before choosing an ICO project, you should read and research the content of the whitepaper first, you should see the timeline on the roadmap and see who the team is joining in the project. many are fooled by the ICO project for not being careful in choosing ICO. I think ICO also benefits to gain more profit than trading.
member
Activity: 756
Merit: 12
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.



Some ICOs success and few ICOs scam and it happen in all bussiness. Fraud always happen in many sector not only crypto and thats the main reason why regulation needed in cryptoworld.
Regulation in cryptocurrency can avoid people gettring scam because the team or dev must fill document that government need to launch their ICO
sr. member
Activity: 588
Merit: 250
Recently, the crypto currency has begun to become more popular, and there are fewer good projects, among which there are still a lot of scammers
Yes it become popular because these Ico projects also contributes to be wll known this crypto. There is a must regulations in order to have a legit and worthy project and lessen the scams Ico. I think these could help to increase the trust in projects.
For the past months,  I have been on campaigns that turns out to be scam in the end.  It is very hard  to find good campaign now,  I don't know if it is  because of the bad news circulating about bitcoin. What I know is that things are getting rough finding a campaign that the payment will  be worthy of your effort. Trust is really hard to build and some people might be getting disappointed with the campaigns today and campaign managers are the one getting all the blame once  the project ended up badly.
sr. member
Activity: 668
Merit: 255
I think, closing down all new upcoming ICOs , won't help to resolve problems around frauds. Of course, I don't support people who running ICO just to make "easy money", but ICOs move progress and showing to us different ways of using blockchain technology.  And I also don't agree with "if there is no money to develop the project, please do not try to project it.", because sometimes people who haven't enough money have revolutionary ideas, what would change our world.
full member
Activity: 952
Merit: 107
Recently, the crypto currency has begun to become more popular, and there are fewer good projects, among which there are still a lot of scammers
Yes it become popular because these Ico projects also contributes to be wll known this crypto. There is a must regulations in order to have a legit and worthy project and lessen the scams Ico. I think these could help to increase the trust in projects.
There should policy to allow endorsement of the project because some project is just created to use for fraud and scam the account of participants that join them. They use better paper so that many can attract anybody.
newbie
Activity: 154
Merit: 0
I somewhat condivide your opinion, but at the same time it's not quite right. Research some ICOs, they collect tons of money, helping them to get real. That is in most cases good. But, of course, fraud is possible.
hero member
Activity: 770
Merit: 501
I'm not sure that the problem of the scam and its large numbers lately is such a big deal. Proshlygod became the year of mass media in crypto and mongo people came to meet people in pursuit of fast dollar. The situation gradually stabilizes and all the "extra" people will cut themselves off.
sr. member
Activity: 882
Merit: 251
Recently, the crypto currency has begun to become more popular, and there are fewer good projects, among which there are still a lot of scammers
Yes it become popular because these Ico projects also contributes to be wll known this crypto. There is a must regulations in order to have a legit and worthy project and lessen the scams Ico. I think these could help to increase the trust in projects.
member
Activity: 350
Merit: 10
Recently, the crypto currency has begun to become more popular, and there are fewer good projects, among which there are still a lot of scammers
newbie
Activity: 1
Merit: 0
when you go in decentralized, trust is a must.
even if we run under regulations, fraudulent projects exist. all we can do is that we need to make good decisions in putting trusts.
member
Activity: 294
Merit: 10
JOIN THE NEXT MEGATREND IN CRYPTO!
There are so many scam projects going on. people are now afraid of joining ico.
1.  i think ico should be removed.


I fully agree with you.
In 2017 the Chinese authorities banned crowdsales in their jurisdiction, and all companies that had already conducted ICO were asked to return the funds to investors.
Large international regulators do not trust ICOs. There are suspicions that all these belong to "Ponzi scheme" (financial pyramid).
We should understand that the main goal of the financial pyramid is to enrich its creators at the expense of the personal investments of new participants.
The assets of such pyramids are not needed by anyone on the external market, they do not offer any advantages of use, and they do not solve any problems.

full member
Activity: 644
Merit: 113
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 is good. It was meant to make  a project succeed. Since ICO provides all the information needed then the part of investors is to take time reading and make a good research about the project. Most scam projects are made with obvious similarities, you'll easoly determine whether a project is legit or just a scamming project. No reason for you to be afraid of ICO, huat allot more time of reading.
member
Activity: 545
Merit: 10
Nobody in the world is protected from fraud with the ICO. Even quite promising projects sometimes could not gain the required amount of support, and together with them, "burn up" spent funds, although bona fide developers send money back in this case. Many experts believe that 2018 will be a turning point for the whole of the ICO.
full member
Activity: 938
Merit: 105
Actually Ico's are now the most effective way of earning money in such a long time of period though there are so many ico's now that scamming people but if you have the right research and the timing of that ico you are joining with for sure it will be a great way to earn.
Definitely it could be but we can't blame others to think that ICOs are just a way to scam people. I know some people getting scared of losing their money in just a single wink that's why they don't get involve in ICOs.
member
Activity: 350
Merit: 10
 Smiley  such as an ICO project or any bounty campaign that is full of trust you work long and lose everything because you have a problem with a fake ICO should have no entrepreneurs going on because we really have to work all out that is the problem with the project and there will be no entrepreneurs going out because all the bitcoines are working hard to improve the projects that are being sold but you are not getting paid for the fake ICO. the bowler hopefully.
full member
Activity: 448
Merit: 102
Closing down all up and coming ICOs is no the best solution. There are very good projects emerging despite the tonnes of scam projects in the crypto world. I believe strict regulations of ICOs and strict KYC processes( applied to project managers) can help nip the scam projects in the bud.

the most likely outcome may well be ICOs being fully regulated which would be enough to scare off the scammers and crappy projects. in theory an ICO is a valid route, but the way it's done now is so rancid that it won't be permitted to continue.

i expect we'll see fully approved ICOs made available to major investors and the shit will continue to stink away in the shadows, but the days of mass publicity attracting hundreds of millions from random morons are coming to an end.

I agree the day is coming when ICOs will have to be regulated. Something like international digital currency investment organization. (IDCIO) The ICO will have a registered number that people will be able to check on the governing website which will give details of the project.

That would bring confidence back into ICOs. At the moment myself I see buying into the project after it hits the market a better option. Even good projects seem to be hitting the markets down at least 50% of ICO price for the 1st few days.
full member
Activity: 630
Merit: 103
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.



I agree there are lot of ICO that are scam but still they are only few compare to the successful ICO that are legit and their coins are now in the market in which there are lot of people that become successfully rich because of these good ICO. It is unwise to remove ICO in the Crypto currencies investment just because of these some fraud ICO but the best suggestion is to have them regulate so that we could determine the good and the bad ICO.
full member
Activity: 257
Merit: 100
Actually Ico's are now the most effective way of earning money in such a long time of period though there are so many ico's now that scamming people but if you have the right research and the timing of that ico you are joining with for sure it will be a great way to earn.
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