Why so many ico's?? - page 3. | Bitcointalksearch.org

ImHash

hero member

Activity: 924

Merit: 506

This is why we have so many scam ICO's, You'd need a few scammers as your advisors and bounty managers And spending a few coins on whitepaper then launch your ICO in no time Cheesy

Always read everything and check all the parties involved to make sure that they're not hiding anything. Most people would never research the projects and invest as soon as they see a familiar name endorsing an ICO. Howeycoins is a good example, People really sold their bitcoins to invest without any due diligence, Good thing was that they weren't actually scamming otherwise they could lose their coins.
Initial coin offerings are a new way for scammers to scam people without regulations being aware of this, Spending a few days to research is the best way to avoid getting scammed.

Granit0

member

Activity: 308

Merit: 12

Depends what you mean by "make an ico". If the ico project is done only on marketing, then this is an easy task. If the ico project is like producing a product, then it is a difficult task. Therefore, 95% of ico projects are scammers.

FrosyaBulatova

newbie

Activity: 196

Merit: 0

In my opinion, because this is a new area, and everyone is trying to fraudulently get money when they organize deceptive ICO.

Msile

hero member

Activity: 658

Merit: 503

You should be blaming the investors who are investing in these new projects without doing any research. If so many people are going to just give their money away than obviously there are going to be new ICOs launched with not much future and which are created just to grab as much money as possible.

kenborbs

jr. member

Activity: 154

Merit: 1

The revolutionary AI gaming ecosystem

Quote from: Prince Malik on July 04, 2018, 08:07:54 PM

When i see the dozens of ico's everyday i ask directly a simple question...Is it easy to this degree to make a ico??

The reason why there are so many projects in the market today because they were inspired on the success of Bitcoin and Etherium that's why they are many aspiring ICO's in the market today. But you have to be careful if you're planning to invest in an ICO because not all of them are legit.

Dextord

member

Activity: 335

Merit: 11

because many new projects are doing fundraising for their projects, it is very easy to create ico but to make achieving the target and succeed which is very difficult

nonik

member

Activity: 367

Merit: 10

It's easy to just create an ICO project, but you certainly know that to develop the project is very difficult and it takes sacrifice and hard work. if the team work is not good and solid in marketing the project will not work because it will have many ICOs that fail and become a scam.

fammy

member

Activity: 224

Merit: 10

Bounty Detective

Now that the technology is innovating, ICOs as well are also innovating and progressing each passing days because they want something new in every aspect of technology. I can say that it is totally normal to have dozens of ICO but as the days passes few of the ICOs will succeed.

carcas

newbie

Activity: 154

Merit: 0

It is not easy to create ICO. capital money used for making ico project is huge and there are still many ico that failed or scam in this year. ico project is like a competition to prove the best project.

chrismartin

member

Activity: 340

Merit: 13

Yes mate, as days goes by, many of projects are making an ico to gain some funds to raise their peoject which not all of them are trustworthy and legit. We dont have amy choice or action to stop scam icos mate but all we need to do is to avoid them so that others will also did that. Beware!

vktrglbr

newbie

Activity: 112

Merit: 0

It is easy way to huge profit. Ico has't regulation or authorized capital. It doesn't get you guarantee, protection of losses - nothing. Only reputation of project and team may be criteria for investing to ICO. Be careful.

Jericka D Ranillo

member

Activity: 252

Merit: 10

Popularity is one of the reason why so many ICO right now, easy for them to have an ICO, big business opportunity through online. Once it successful, all team can earn a lot of money. Infortunately their our fake ico running somewhere so bot all ICO you can find was real and profitable. Stay away if your bot enough old in crypto

camryku

newbie

Activity: 196

Merit: 0

Quote from: Prince Malik on July 04, 2018, 08:07:54 PM

When i see the dozens of ico's everyday i ask directly a simple question...Is it easy to this degree to make a ico??

it is now a lot of ICO is popping up and with this now more and more fraud and many projects are dead then from now on many people who run and start investing in crypto because now the crypto is decreasing then of that with many ICO that appear you must be careful if you want to invest

befriendmywater

member

Activity: 658

Merit: 10

Quote from: Prince Malik on July 04, 2018, 08:07:54 PM

When i see the dozens of ico's everyday i ask directly a simple question...Is it easy to this degree to make a ico??

ICO is just a form of capital mobilization from many sources. If you have an idea and a professional working team, you can easily implement your ICO project. There are a lot of support groups that make the money for you. The current ICO implementation has become quite easy.

Bunmi1989

newbie

Activity: 196

Merit: 0

It's easy to set up and must of them are now scam they only want to steal people bitcoin and ethereum and other good project coins. All this icos might have to stop soon. It's a new way of scamming people of their money

dammy1988

newbie

Activity: 201

Merit: 0

Because some of them just want to make easy money because after the ico most of them will disappear and you will see all the social medias profile been deleted. This is the exact reason some countries won't allow there citizens to take part in icos

feranmi2018

newbie

Activity: 121

Merit: 0

Because anyone can set up an ICO and that's why I think some countries stop their citizens from participating in them as there are too many fake icos this days ...

pranazzs

member

Activity: 532

Merit: 11

Correct what has been posted by the above comment. ER20 is easy to create. And many people use ICO as a tool for profit only. such as ICO scam.
If all ICO is not a scam, surely many people will succeed from ICO, but in fact many people lose from following ICO.

CryptoAllDay

sr. member

Activity: 578

Merit: 250

ICOs have become the best way to fundraise money for a project these days, even better than gofundme or other methods. I think because of how easy it is to invest and the ability to remain anonymous while doing so.

Palider

hero member

Activity: 1273

Merit: 507

Quote from: Prince Malik on July 04, 2018, 08:07:54 PM

When i see the dozens of ico's everyday i ask directly a simple question...Is it easy to this degree to make a ico??

Nope it is not easy to organize and ICO and a project there are so much regulation out there to be finished. There are many ICOs because they some want to earn big and some want to scam others. This is why you need to be careful in choosing ICO to invest with.

Topic: Why so many ico's?? - page 3. (Read 320 times)