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Topic: WHY 99% OF ICO IS SCAM? - page 6. (Read 2200 times)

full member
Activity: 1162
Merit: 106
August 23, 2018, 04:44:19 AM
#46
Currently there are dozens or even hundreds of ICOs competing to get money from investors, so many ICOs certainly make competition very tight, unfortunately not all ICOs are good because they are just trying to cheat and scam, beware.
newbie
Activity: 34
Merit: 0
August 23, 2018, 04:43:38 AM
#45
Not even scams, even the legit ones becomes scam in future. There's no real world use of any tokens. Non of us have any apps except wallets for using cryptocurrencies. When the team tokens become unlock then they dump them and just leave the project, easy money. Millions of dollars from nothing. You see in recent projects teams ask for 40-50% of tokens for themselves, what does it mean?
full member
Activity: 546
Merit: 100
Stake & Vote or Become a IoTeX Delegate!
August 23, 2018, 04:41:10 AM
#44
Because there are no any laws from government and any regulation forms from SEC, but they can make it at the end of the 2018 year.
hero member
Activity: 1148
Merit: 523
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August 23, 2018, 04:40:12 AM
#43
99 percent ICO not meeting the hard cap and only one percent ICO only meeting the expected level of fund. To say the fact if the CEO team know the blockchain promotion and usage we will find the 30 percentage ICO goes to hard cap.
In between that people manage the team does not provide the expected the growth for the ICO project and scam to project team.
If we taken out the scammers away then all things will be go right.
sr. member
Activity: 674
Merit: 250
August 23, 2018, 04:38:43 AM
#42
Everyone likes money, and creating an ICO is a easy way to make money, but people dont like work, thats why they are trying to create an ICO, trying to get money, and dont do anything after it.
They don't like to work, that's not accurate. Exactly they can't work because most of them are not knowledgeable about blockchain technology, the original intention is just want to scam the people.
brand new
Activity: 0
Merit: 0
August 23, 2018, 04:29:39 AM
#41
Thanks for the lovely discussion I accept that may be not 99% but most of the current ICO's are scams.

This is pathetic I don't understand how can anyone get a goodnight sleep after cheating others.

Why these people don't care for society.
full member
Activity: 462
Merit: 100
August 23, 2018, 04:34:51 AM
#41
99% of ICO are not scam. I have participated in more than ten icos this year and none has defrauded me of my fund. Unfortunately, there are few ICO that are soiling the names of good ones!
jr. member
Activity: 93
Merit: 1
August 23, 2018, 04:30:29 AM
#40
Everyone likes money, and creating an ICO is a easy way to make money, but people dont like work, thats why they are trying to create an ICO, trying to get money, and dont do anything after it.
member
Activity: 476
Merit: 19
August 23, 2018, 04:24:41 AM
#39
I do not think that 99% fall under the Scam,but they are really a large number. Good articles and especially good project analysis help many beginners and all investors to choose the best project. I also recommend you to subscribe to the telegram channel Paкeтa T8, where very detailed study of projects and give an assessment of the development.
full member
Activity: 1498
Merit: 129
August 23, 2018, 04:19:35 AM
#38
Hi, lads!

There are many ICOs ongoing at present but in 2018 a lot of them is a SCAM. Why does this happen?

I have revealed several issues in the article: https://telegra.ph/WHY-99-of-ICO-is-BULLSHIT-08-21

If there are any other points, It will be interesting to hear your opinions. This is really appreciated.

Thanks, friends!
 

Your article is more than an advertisement for me because you'll inviting people to join you thus it isn't informative for people. Indeed a click bait from its title. May I know what's the success percentage if we join your telegram group?

And why the bounty hunters included on your list? Yeah maybe it's a contributing factor for a token to gets dump after it gets listed but if the project is really solid this won't affect to much in the price and will recover easily.
the op bundled alot of things together and the subject is clearly not narrative. however, bounty hunter play huge role in getting token dump but my major concern is not about this but the ICO itself because it is not new again that ico that engage in bounty camapign will get their token dump when listed by hunters so if they know about this what exactly are they doing to balance this shortcoming. the truth is that many of them do not bring transparency and fairness which they preach into the real sense of their project
member
Activity: 188
Merit: 10
DATABLOCKCHAIN.IO SALE IS LIVE | MVP @ DBC.IO
August 23, 2018, 04:16:07 AM
#37
Thank you for your useful information. Beginners to invest in crypto should see and learn from experience. The scammers always hit the trust of those who have no experience and no knowledge.
full member
Activity: 688
Merit: 101
August 23, 2018, 04:12:52 AM
#36
Its because, crypto is very popular now, meaning theres a lot of new investors are want to get involve in crypto, therefore they use ICO to collect/gain money as scam. New investors dont have enough knowledge to avoid scam ICO, and now scammers are lvl up, they are good on lying on their ICO to attract more investors to make money in scam.
full member
Activity: 1498
Merit: 129
August 23, 2018, 04:08:29 AM
#35
The word 'SCAM' is being misused alot this day. just because an ICO do not reach softcap and couldnt continue with a project do not mean such project is scam until they refuse to pay back the money recieved from early investors. Also many bounty hunters result in calling a project a scam just because their token is being delayed. this might be as a result of missunderstanding between bounty manager and hunters and also previous experience indicate thing like this happen when there are issue of cheat in spreadsheet. some hunters and bounty manager are guity of this.
full member
Activity: 602
Merit: 105
August 23, 2018, 03:56:27 AM
#34
yeah thats really true, and they cooperation's with bounty managers sometime and they attracted more bounty hunters to create massive awareness and  luring investors to invest, and they eventually stopped or pausing their projects, creates unnecessary moves from the ceo or a team to make people panic. and turning scammy tnings. much better to join projects with 101% transparency in every movement and updates.
newbie
Activity: 224
Merit: 0
August 23, 2018, 03:52:34 AM
#33
Because the ICO is where they make a lot of money if they cheat a lot of people who invest, they just create a fraud system and the possibility of becoming a millionaire is not too difficult.
hero member
Activity: 2184
Merit: 891
Leading Crypto Sports Betting and Casino Platform
August 23, 2018, 03:51:43 AM
#32
Hi, lads!

There are many ICOs ongoing at present but in 2018 a lot of them is a SCAM. Why does this happen?

I have revealed several issues in the article: https://telegra.ph/WHY-99-of-ICO-is-BULLSHIT-08-21

If there are any other points, It will be interesting to hear your opinions. This is really appreciated.

Thanks, friends!
 

Your article is more than an advertisement for me because you'll inviting people to join you thus it isn't informative for people. Indeed a click bait from its title. May I know what's the success percentage if we join your telegram group?

And why the bounty hunters included on your list? Yeah maybe it's a contributing factor for a token to gets dump after it gets listed but if the project is really solid this won't affect to much in the price and will recover easily.
jr. member
Activity: 406
Merit: 3
August 23, 2018, 03:50:31 AM
#31
Scammers have found a good way to make money on new inexperienced investors in the cryptocurrency world.
sr. member
Activity: 630
Merit: 250
August 23, 2018, 03:49:18 AM
#30
because ICO is an increasingly promising, so this time many are often abused this for his own advantage. These are certainly beginning to bring up the ICO scam that's pretty much the case. many things are often looking for results from the ICO and bring a run that so surely make many investors became quite unsettled.
full member
Activity: 532
Merit: 170
August 23, 2018, 03:43:37 AM
#29
Hi, lads!

There are many ICOs ongoing at present but in 2018 a lot of them is a SCAM. Why does this happen?

I have revealed several issues in the article: https://telegra.ph/WHY-99-of-ICO-is-BULLSHIT-08-21

If there are any other points, It will be interesting to hear your opinions. This is really appreciated.

Thanks, friends!
 


in my opinion it's not like you said, not all ico are scam and not 99%. but I agree if half of the ICO's existence is only to seek quick wealth for the founders and their team. this is a fact, because of that it must be wiser if you want to invest in an ICO project and of course you have to analyze and study it first.
newbie
Activity: 75
Merit: 0
August 23, 2018, 03:43:27 AM
#28
ICO fraud is very common, but I don't think it's a terrible number of 99%. If it does, then the market will collapse directly, and no one will bet a 1% chance. If this is true, then I would rather go to the casino to play,  it seems that at least I have a 50% chance of making money.
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