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Topic: WHY 99% OF ICO IS SCAM? - page 8. (Read 2200 times)

full member
Activity: 756
Merit: 105
Trphy.io
August 22, 2018, 04:24:14 AM
#8
in 2018 the new members of the forum on bitcointalk are very significant and plus a lot of new bounty managers who are still inexperienced in handling projects offer themselves as bounty managers and this is a great opportunity for unscrupulous actors to make scam projects and add price problems to the exchange market. that is not good
member
Activity: 252
Merit: 10
August 22, 2018, 03:58:38 AM
#7
It is just wickedness on the part of mankind. They know from onset that there is nothing they have to offer and yet they will bring their crap to the ICO market where an inexperience and unsuspecting mind will be exploited. You can save yourself the scam problem by doing some due diligence finding out who are the team members, what is the product  that the project want to bring out, will the product add to the good of mankind and this concept of theirs will it be realizable?

Yes, thank you, that is a valuable point, and I fully support it!
member
Activity: 252
Merit: 10
August 22, 2018, 03:53:02 AM
#6
I feel submission is not true as it is not backed up with detailed facts and figure, Yes we have lots of scam ICO, BUT I feel the 99% stated is enough to discourage investors into the cryptocurrency space and also have a negative impact on real ICO project.

Thanks, buddy! Actually, this figure is a marketing step just to show people that investments in shitty projects are really dangerous and we should learn how to distinguish such project from the good ones. But I understood your points. And really I have seen a lot of ICOs in 2018 and at least was tracking around 40 and around 35 of them were scammed!)
full member
Activity: 476
Merit: 100
August 22, 2018, 03:47:11 AM
#5
It is just wickedness on the part of mankind. They know from onset that there is nothing they have to offer and yet they will bring their crap to the ICO market where an inexperience and unsuspecting mind will be exploited. You can save yourself the scam problem by doing some due diligence finding out who are the team members, what is the product  that the project want to bring out, will the product add to the good of mankind and this concept of theirs will it be realizable?
member
Activity: 532
Merit: 10
BITCOIN IS THE CURRENCY OF THE GLOBE
August 22, 2018, 03:41:44 AM
#4
I feel submission is not true as it is not backed up with detailed facts and figure, Yes we have lots of scam ICO, BUT I feel the 99% stated is enough to discourage investors into the cryptocurrency space and also have a negative impact on real ICO project.
member
Activity: 252
Merit: 10
August 22, 2018, 03:37:29 AM
#3
Is TOMBOLA's ICO mentioned as a scam ICO in your article?

They edited their whitepaper mid-ICO from an EOS project to ETH to pretend it's a blockchain project while taking investors money.

https://bitcointalk.org/index.php?topic=4691540.600

People who invested already (the ANN thread is still titled EOS) weren't offered their money back or anything. The team just changed whitepaper and pretends its the same project on a different protocol.

Thank you for the feedback! Nope, bro, I just gave some reasons and groundings on how to distinguish between good and bad. I was not talking about any individual project. So It would be appreciated if you develop the topic and give more groundings for choosing the right investment opportunities!
copper member
Activity: 532
Merit: 26
August 22, 2018, 03:34:52 AM
#2
Is TOMBOLA's ICO mentioned as a scam ICO in your article?

They edited their whitepaper mid-ICO from an EOS project to ETH to pretend it's a blockchain project while taking investors money.

https://bitcointalk.org/index.php?topic=4691540.600

People who invested already (the ANN thread is still titled EOS) weren't offered their money back or anything. The team just changed whitepaper and pretends its the same project on a different protocol.
member
Activity: 252
Merit: 10
August 22, 2018, 03:30:32 AM
#1
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!
 
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