Why Most ICO don't show the investment wallet address? - page 3.

yndye

sr. member

Activity: 616

Merit: 262

Quote from: Azzhan on July 12, 2018, 10:20:31 PM

Yes, this is also a problem for most ICO projects today. Angry

I think most ICO projects are hype at present, and the funds raised have not been disclosed.

It is like deceiving the investors when they don't provide the address of where the funds they collected are stored and claiming that they have raised such funds. I think this should be the requirement when they state that and show proof that they have receive such amount. Most are in ETH and BTC though so it is traceable. I have joined one bounty and proudly claimed that they have raised thousands of ETH on presale and reach softcap but when ask where is the proof and address, they wouldn't say it and always saying that they will reveal it soon. It's clearly a scam.

Omega Weapon

hero member

Activity: 1092

Merit: 501

Quote from: MigoAmigo on July 12, 2018, 10:17:25 PM

Token startups need to start being accountable for the fundraising they have completed, and this starts with providing token investors more clarity into finances at any given time. None of us want to be holding on to the next Enron, Worldcom, or Madoff. How do we prevent that? Self-regulation and standardized due diligence is a start.

Self regulation is not going to work, the icos had a chance to do that for years and this is precisely why we are in the situation we found ourselves immersed, in my opinion the people are the ones that need to change their habits, we need to start demanding this kind of stuff and the ico that does not comply will not get an investment out of us, if enough people do this icos will begin to show this information.

Azzhan

member

Activity: 210

Merit: 10

Yes, this is also a problem for most ICO projects today. Angry

I think most ICO projects are hype at present, and the funds raised have not been disclosed.

pranazzs

member

Activity: 532

Merit: 11

Or maybe those who are not transparent are one ico scam.
better be careful with ico that is not transparent.

MigoAmigo

newbie

Activity: 70

Merit: 0

Token startups need to start being accountable for the fundraising they have completed, and this starts with providing token investors more clarity into finances at any given time. None of us want to be holding on to the next Enron, Worldcom, or Madoff. How do we prevent that? Self-regulation and standardized due diligence is a start.

blockchainmarketus

full member

Activity: 448

Merit: 100

I also wonder ICO ann just for about a week and stated that they have made succesful presale. It is a kind of public fake statment. They also claim that they have made million USD. The worst is that many people still trust the ICO and invest. When the ICO ends the coin in the market under ICO price , I think it is because fake investment report. Market is more honest than fake developers.

Anandhi

full member

Activity: 266

Merit: 100

Quote from: blockchainmarketus on July 12, 2018, 08:48:18 PM

This is a suspicious act. Most ICo don't show the wallet of investment? Why they claim have made succesful presale but no wallet to proof that. Why Most ICo fail they are not transparant. Transpancy is one of the cryptocurrency concept. I think they deceive investors by doing that not showing investment wallet address for public.

When an ICO stated that they already reached such amount of money but not letting us to prove it, that for sure can be considered as a false statement. They use anything to attract people to join.

blockchainmarketus

full member

Activity: 448

Merit: 100

This is a suspicious act. Most ICo don't show the wallet of investment? Why they claim have made succesful presale but no wallet to proof that. Why Most ICo fail they are not transparant. Transpancy is one of the cryptocurrency concept. I think they deceive investors by doing that not showing investment wallet address for public.

Topic: Why Most ICO don't show the investment wallet address? - page 3. (Read 507 times)