What is the problem of trust in projects? - page 4.

Hivalley

member

Activity: 210

Merit: 19

Quote from: cryptokingdom on March 04, 2019, 01:27:29 PM

I know we are tired of the story of failure of ICO's, Some of the failure are not intentional, it is easy to write whitepaper but implementing what is in the whitepaper is the bone of contention. Let us encourage genuine projects instead of being too fast to could it scam.

Some of this bounty CEOs hardly work hard enough to promote their project, all they do is try to make profits for themselves alone, so they only force the project to have a short term purpose, they do not look at the future or long term benefits, neither do they see any future in their project.
Most projects fail due to the lacklustre attitude of the team.

Latviand

full member

Activity: 1540

Merit: 219

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.

Since there were a lot of scam projects, a lot of people have stop participating and investing in ICO projects because they don't recieve any good profit from it. That is why new projects don't have enough investors to buy their coins because people do not know which one is good to buy.

LUCKMCFLY

legendary

Activity: 2590

Merit: 1882

Leading Crypto Sports Betting & Casino Platform

Quote from: daarul50 on March 04, 2019, 04:52:58 AM

The amount of fraud committed by a project makes us unable to trust a project anymore, now we are very difficult to distinguish which projects can really be trusted because at first glance everything looks the same.

Is true, at the beginning of each project everything is seen under a perfect structure, but I think that at the time of developing in time they begin to see certain fissures, that's where you can identify something that is not right, especially when they fail at the moment of payments.

cryptokingdom

member

Activity: 236

Merit: 10

I know we are tired of the story of failure of ICO's, Some of the failure are not intentional, it is easy to write whitepaper but implementing what is in the whitepaper is the bone of contention. Let us encourage genuine projects instead of being too fast to could it scam.

daarul50

legendary

Activity: 1596

Merit: 1034

The amount of fraud committed by a project makes us unable to trust a project anymore, now we are very difficult to distinguish which projects can really be trusted because at first glance everything looks the same.

icecube45

legendary

Activity: 1218

Merit: 1000

Actually it does not have to delete ICO to be able to eliminate scam projects. That would limit someone to making new crypto and this would slow down the development of crypto. It might be better to tighten or select every outstanding ICO, so only decent ICOs can come out and be offered to the market. I think this will be better because besides being able to reduce scam projects that are circulating, this can also keep crypto to growing and surely there will always be coins coming in that have good innovation.

Xising

sr. member

Activity: 910

Merit: 257

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.

I agree with some of your points, but I think, instead of removing them totally, there should just be a more comprehensive safeguard and security mechanism to check whether one project is really that of a scam or a legitimate project. I know the trustworthiness of many ICOs have been on the low in the past couple of years, but there are still some users in the market that thrives with it, and there are still some investors and developers that are willing to gamble it and make such department of the cryptocurrency market their alley for success. So, instead of removing it, why not just create a mechanism to make it more protected.

fauzan Ichsan

full member

Activity: 1246

Merit: 102

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

Quote from: buharikx31 on March 04, 2019, 12:18:57 AM

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.

The main problem on my opinion is right now, it's the amount of this ICO projects, mostly all of them are useless because they are pretending to use something innovative, but in real there is nothing like that, in my personal opinion money is the main reason why they are creating them which will mostly would be a bad project with low volume or worst.

and I think there are a lot of them, which decreases the level of investor confidence in all ico. this is also because many investors lack experience in choosing ico

buharikx31

sr. member

Activity: 830

Merit: 258

WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN

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.

The main problem on my opinion is right now, it's the amount of this ICO projects, mostly all of them are useless because they are pretending to use something innovative, but in real there is nothing like that, in my personal opinion money is the main reason why they are creating them which will mostly would be a bad project with low volume or worst.

StephenJH

hero member

Activity: 1470

Merit: 521

No more Rekt and Bust

Quote from: jho0810 on March 03, 2019, 06:45:00 PM

Quote from: Grayy on April 27, 2018, 10:59:09 AM

Quote from: googs84 on April 27, 2018, 10:44:05 AM

Pretty good idea to close the ICO's as they are actually becoming the viruses of crypto world.

In addition to this they shovel just keep the other tokens which are already present in the CMC now so that we can focus on these tokens and people can actually put real value to them. I mean everything will get focused on them and not the junk that is coming every other day in the market.

Then that would be the best way to run crypto currency market. ICO's are really really worst these days.

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.

That's true because not all project is scam there's some project have a good idea, unique product. Maybe needs a regulation so we avoid some scam and frauders in ICO. That's why there's a kyc in every true project.

KYC is the biggest headache for scammers who used many accounts for taking more coins as their piece of cake. ICOs need regulation but this alone doesn't guarantee the less scamming rate in new projects. A better idea will be to educate new investors before they decide about investing in ICO.

jho0810

jr. member

Activity: 213

Merit: 1

Quote from: Grayy on April 27, 2018, 10:59:09 AM

Quote from: googs84 on April 27, 2018, 10:44:05 AM

Pretty good idea to close the ICO's as they are actually becoming the viruses of crypto world.

In addition to this they shovel just keep the other tokens which are already present in the CMC now so that we can focus on these tokens and people can actually put real value to them. I mean everything will get focused on them and not the junk that is coming every other day in the market.

Then that would be the best way to run crypto currency market. ICO's are really really worst these days.

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.

That's true because not all project is scam there's some project have a good idea, unique product. Maybe needs a regulation so we avoid some scam and frauders in ICO. That's why there's a kyc in every true project.

Kez1817

member

Activity: 909

Merit: 17

www.cd3d.app

Trust only the project which you think good and has a potential to grow in the market and not turning to scam people and investors. I believe investors are very careful before the invest in ICO because they already know that there is a lot of scam project nowadays,which their purpose is just to collect money then run away.

LUCKMCFLY

legendary

Activity: 2590

Merit: 1882

Leading Crypto Sports Betting & Casino Platform

Quote from: bigmaster23 on March 03, 2019, 01:24:12 PM

There are a lots of scam ico in the history of ICO in 2017 as well as 2018 so it is very much difficult to trust on any new project though there are several good projects which has come and also coming.

This is the case, some projects have been Scam, now we are in new regulations for the ICO, the new projects have to comply with a regulation they must present, this leads to the frauds decrease. It is positive, we can not stop believing in Blockchain technology, many people have been joining these projects, which greatly increases the market, and many projects are going to bring progress through technology.

bigmaster23

full member

Activity: 518

Merit: 106

WWW.BLOCKCHAIN021.COM

There are a lots of scam ico in the history of ICO in 2017 as well as 2018 so it is very much difficult to trust on any new project though there are several good projects which has come and also coming.

yusupjatigumilar

full member

Activity: 644

Merit: 100

it is indeed very risky and very detrimental if we cannot choose projects intelligently, but actually if ICO is completely banned then it will make the growth of startup projects to be reduced, regarding fraud committed during ICO or prices that fall when listing on the market minimized if the government joins in providing clear regulations on ICO and cryptocurrency transactions

JohnBitCo

sr. member

Activity: 2030

Merit: 356

Quote from: Henrobakkara on January 15, 2019, 02:46:08 AM

close ICO

so how can they collect money to sell tokens and for development Huh

in my opinion it's not a solution, and in my opinion the best solution is, one of the forums must hold the new project in and choose those who really can provide many benefits

I agree that there are lot of problems and scams in the current system of ICO bit the solution to close the overall ICO will not be a good solution. I would suggest that if the ICO is regulated by certain authority it will reduce the risk of people getting scam by them. Currently anyone can make a erc20 token and start the ico to collect money and disappear. Cry

repear7

full member

Activity: 1026

Merit: 110

Need Bounty manager ? Contact @repear71

Quote from: kodtycoon on April 27, 2018, 03:18:19 PM

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.

I do not understand what you're talking about, you ask for the ICO to stop or be banned, but why do you still support it? You are using a signature for one of the ICO projects that are running a campaign and you support it by participating in that signature campaign, that means you support the ICO project. Are you joking to ask people to ban and destroy ICO, even you still support it? LOL

Yes it is quite ridiculous to me, how can we be told to stop the ICO while he himself supports it. Almost every day we hear the ICO which deceives investors with various modes, because the problem is so complicated. I think because of poor market conditions and regulation that cause many fraud case

benwarden

newbie

Activity: 6

Merit: 0

ICO's and tokens are not what you can expect now. Yes, there are a lot of people who come up with something themselves and try to advertise and sell. Although these tokens have no basis whatsoever! In addition, 90% of them will never be used anywhere. Therefore, in essence, there is just an aggressive business here - to come up with some sort of nonsense and sell as quickly as possible, until people realized that they were deceived.

Betwrong

legendary

Activity: 3374

Merit: 2198

I stand with Ukraine.

Quote from: 2chase on January 15, 2019, 02:24:55 AM

A lot of people now avoid participation in new projects, but this does not mean that they are doing the right thing. While someone prefers to stand aside and do nothing - another investor who has spent considerable time on a qualitative analysis of the project - takes this opportunity and has every chance of very good earnings.

I agree with you. It's not like all ICOs should be banned because they do only damage, like was suggested in the OP. If I was in charge, I wouldn't ban any ICO, because in the very beginning all of them look alike, and even when banning scammy looking ones you can end up killing a real gem. Investors should be warned about all possible risks, and aggressive promotion promising high returns should be prohibited, but otherwise any ICO should be given a chance. Potential investors have to research deeply about a project they found attractive, and then "ban" it by themselves for them if it looks suspicious, and move on. This way they can find a really good one. But you have no chances of finding a good project if you have zero range of choice.

yulchatar

full member

Activity: 910

Merit: 100

Quote from: binhvo1505 on January 16, 2019, 06:53:33 AM

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.

I agree that the ICO should be removed from the crypto market. Most bad news comes from the ICO. fraudulent projects amounting to tens of millions of dollars, rich thanks to the fraud that the government does not interfere with, ... those news always frighten many people and do not want to participate in the crypto market. .
we should remove it and it will be replaced by STO. We need STO support, contracts have benefits for investors and they are protected when investing in the project.

ICO scares people and they are afraid to participate in crypto - it seems to me that these are absolutely unrelated things. These people simply may not to do that - to participate in ICO, and that's it. They have many other options - mining, trading, etc. Why should the rest refuse if they want to invest in good projects?

Topic: What is the problem of trust in projects? - page 4. (Read 4206 times)