Topic: what problems exist in ICO (Read 1305 times)
That's a well done statement, I also see a problem that exist in some ICOs and this is they are not providing updates and they are not talking to their community. There is a saying, communication is the key, and without communication, there will be FUD to the investors and to the people in the community.
Good article!! The main problem of ico projects is fraud. In 2018, a 90% ico is a Scam!
I think that the main problem of the ICO is that this year a lot of scam has appeared. Bench projects reduce investor confidence in ICO. Thus, normal projects to collect the necessary funds becomes more problematic.
problem is that projects inflate importance and at same time amount they need. A considerable part of the ICO is a niche project, and most people still don't believe in this ico cryptocurrency!
If the project is narrow, then many other investors will not understand, so its demand will be low.
This topic can be a long discussion. which project will bring money. which benefits the whole world of crypt, etc. If the project is narrow, then many other investors will not understand, so its demand will be low.
After the investment, you loose any opportunity to track it or to make some impact and motivate the team to work faster. There were several times, when teams took long vacation right after the ICO ended, so investors shoudl wait for too long to get some info at all.
I agree. no transparency !!!! but we have a solution to this problem. written about it here aio.community Absence of any punishment for teams behind the ICOs. It is the main problem and we could not hope that ICO market will recover untill it would be solved. People do not want to make any kind of unreliable investments and it is easy to understand them.
cryptocurrency sector is decentralized !!! how can you punish them? regulation 
? Teams do not pass KYC. They may place any photos, write several pages about every team member, but it turns out that this person had never participated this ICO and have nothing in common with it. Idenity theft is one of the easiest crimes all over the world.
I agree, but KYC is a tool that unleashed hands of scammers. it's easy to get around, and developers of this tool have guaranteed everyone that this is most reliable tool in fight against fraudsters. That is indeed true if ICO has many kind of potential, from the good and the bad.
The good would be it can give benefits for the project and the people who were investing in that project.
The bad news would be if the ICO is just a scam, it will makes many people suffer loss, and their trust toward cryptocurrency.
2017 came to an end like a hyip around. now investors and scammers have become smarter. The good would be it can give benefits for the project and the people who were investing in that project.
The bad news would be if the ICO is just a scam, it will makes many people suffer loss, and their trust toward cryptocurrency.
It seems to me that the investor begins to buy coins mainly when a “name” appears in the coin and the developers are actively working not on advertising the project but on its implementation.
I think the main problem for crypto ICO is?.the most severe problem would be SCAM project, that doesn't just making all the investors to to leave and avoid any project with (ICO)and they want' us to hellp fro them.
Definitely this scam project creates a very bad impact on the investors. Most of them lose trust and avoid some good projects. People need a protection in ICO to avoid scammers if it done then assume it will become a big success.
ICO is very difficult to say. I appreciate your article, it is really helpful to me. thank you. Good luck!!
ICOs currently have many problems. Everyone should be careful in their ICO investments. At this moment the money cycle is very little so the ICO processes are failing.
What do you mean by speaking about money cycle Great reviews of the problems in ICO. With the enormous development of blockchain and crypto, many project also jumped into the bandwagon. And most of these project has really no practical and feasible product to start with and just hoping that the hype will just move their ICOs on top. But I think people are getting smart right now that they become picky with what there are investing.
Yes, this is a very positive trend. when the concept of lost profits ends, another stage in the development of the ICO market will begin.
It seems to me that the most important problem of ico of projects is their uselessness and impracticality for today. It if to tell in general for all existing ico projects for today.
Many projects just don't solve those problems which the cryptocurrency and a blockchain technology in general has to solve.
New coins are created only to raise money from investors and to disappear with them. The ideas repeat each other or those which exist for a long time and work very well. On it I consider this reason most important, but it is of course not only.
Many projects just don't solve those problems which the cryptocurrency and a blockchain technology in general has to solve.
New coins are created only to raise money from investors and to disappear with them. The ideas repeat each other or those which exist for a long time and work very well. On it I consider this reason most important, but it is of course not only.
I think the main problem for crypto ICO is?.the most severe problem would be SCAM project, that doesn't just making all the investors to to leave and avoid any project with (ICO)and they want' us to hellp fro them.
I completely agree. therefore, our community decided to start a fight with such projects. we started, others will see results and join us. our website: aio.community The problem with ICO is that when there is not enough promotion and the project didn't reach the soft cap, usually they tend to slow down the development and sometimes they disappear. This is just based on my experience as I have been a victim of some shady ICO's.
In our opinion, advertising is the driving force behind the fact that many of them are victims of fraudsters. scammers buy the most expensive consultants who lead investors. investing from $ 5,000, any scammer buys investor confidence through consultants. In my opinion, the main problem of the ICO sector is that it is catastrophically crowded. Most of the projects copy each other and do not contain absolutely no fresh ideas and technologies, I will not even speak for the number of scammers on the market. The industry has become a hostage of last year's HYIP, and still go here with the goal of simply making money. It will take some time until the ICO industry will get reformatted and will be able to give life to new ideas and technologies.
What tools do you think can do this?
Great statement! I hope it would help a lot of newbies to understand that the ICOs world isn't perfect and you do not need to invest in every project that comes to the market. I hope, as soon as the market recovers, we will see better ICO projects.
There are different kinds of problems that can arise with icos but I think that the most common one now is that they do not have any good products to offer the investors anymore. There are already thousands of coins in the market already offering so many kinds of projects that the ones that are coming out now are finding it difficult to come up with new ideas
Jump to: