Bitcoin Forum

Going back to 2017 scam ICO launchings, one thing for sure, sites like Coin Market Cap have played a very big role in promoting those scams. Yes they did it because they want money but one thing they should realize that this thing would lead to distrust of new people in crypto which would ultimately also close their shop as well.

Coin Market Cap takes a huge amount of money from those scammers.
When i contacted CMC, i got this email.
Hi, and thanks for reaching out! Our pricing is based on impressions:
 
Desktop Formats:
·      Top Banner (728x90)  - $14.00 per 1000 impressions
·      Side Banner (160x600) - $8.00 per 1000 impressions
·      Bottom Banner (728x90) - $4.00 per 1000 impressions
Mobile Formats:
·      Top Banner (320x100) - $8.00 per 1000 impressions
·      Mid Page Banner (300x250) - $6.00 per 1000 impressions [Coin Detail Pages only]
·      Bottom Banner (320x100) - $4.00 per 1000 impressions [Coin Detail Pages only]
May promotion:  10% bonus impressions for orders of $25k or more


If these sites just go for some verification before promoting these scams, it would be very good for the visitors. Verification can include Mobile verification, Identity verification etc. These sites are an open image of crypto, if these sites just reduce their earned money by a bit and plan for long term then it would be beneficial for all of us.

Seriously, that's business and they don't care whether they're advertising scam projects or not. They'll just reason out that they're not affiliated to all of those and we should invest at our own risk.

And not surprising anymore as they're still being paid to fake trading volumes.

Money really run the world.  ::)

All the scam projects thrived because everyone was ready to promote those scams and all the exchanges were happy to list those coins if you are giving money and money controls everything in life and that happened with coin market cap too as they were happy to list any coins if you are paying them money and the hundreds of exchanges started because they will be paid to get those shit coins listed.

It's saddening but that's the order of the day everyone is in it for the money if we're being honest given money is made those that should carry out some sort of research never does.

It turned out that the truth was very astonishing. In fact it all ends with money, everything needs and only for money. Yes indeed, in 2017 everyone can make their tokens easily. This happens because the price of bitcoin is soaring that they are competing to make profits by making coins.

It is always all about money, money, money, and money. Laws, standards, qualifications, restrictions, policies, and all will be set aside if money takes into the picture. When money is at the center stage, most principles will have to retreat in the farthest corners. That is what happened to sites such as CMC, exchanges, crypto review sites, and even the SEC. Shame on them all.

You sure coinmarketcap people don't do thorough research on this things? I'd be surprised if they don't.
Well, this is a major problem with both crypto/non-crypto businesses or ad companies that accept ads on their sites. Many  hardly do thorough research on the things they promote.
It's a widespread problem. I guess it's difficult for them to determine what is scam or not. Or thorough research is probably expensive?

I know everyone had learnt something in recent month to create a sustainable space. THose scams are responsible for the deflation in price from bitcoin to altcoins. At the last bullrun the price of bitcoin attracts SEC and the government and they decided to look into the projects and how money flows into the space. They discover a lots of iniquitous dealing that prompted the government going after them. Some had to close shop and run away. ICO could only be for established institutions that want to adopt cryptocurrency and I believe some will come in the future without crowdfund but there pedigree in business.

It is hard to judge them, they might do some sort of verification but we just do not know about it. Look at Youtube for example, did you remember Bunny Token?
Youtube listed that project on their platform and advertised it to their users without knowing their authenticity, on the surface it seems like they did not any verification because they were listing scam project but in the back, they might do something but did not do it in detail.

as uses with ads network service helps on referring template on design as company to helps investors to manage with customs of authorization with the details of technical strategy that the different option on tools and utility helps as securing with least on waste as expending funds on authorization.

I think we can't blame CMC. Because the investment is ours, marketing is completely different. We cannot combine it to evaluate a project, it is a very wrong way of assessing a project.
Besides, CMC is not an expert in project analysis and they also cannot know whether it is a fraud or real project.

Could you give a screenshot of the letter. There is nothing wrong with the fact that the site advertises, this is normal practice, of course, not every honest project can hide behind advertising banners.
However, I have never once seen a banner of an explicit scam project at the CMC, I also have not seen topics on the forum related to the fact that the site advertises fraudulent projects.
Maybe I missed something. I’m talking specifically about advertising scam, and not about placing projects in the list of coins on CMC.

Its really possible that the exchanges like the new ones today paid them for the data that has been given to them. VinDAX and Latoken just recently become on of the top exchange in their list and its really surprising how their AI didn't spot it. Being on the top list of the exchanges will probably cost more than $5K a week for it to remain on top.

All awhile I thought the leaderbaord ads are from adnetworks but its paid per mile for $14 that is definitely a money making machine.

Yes its thier own website and thats the only way they can earn . They never tell to people to invest on what they advertise so nothing wrong with this.its just people pretending that the ads they see is legitimate and dont forget that things always happen even in other platform not only in CMC.

I think that's not CMC fault. Every project can advertised there as long as they pay to them. It's just an usual business for a website, they live because of the ads and any product can pay them for advertised their products.
So, the promotors or the advertising provider cannot be blame for a scam project. The one that can be blame is the project maker and also the investors who get tricked is also their own fault

Lack of regulatory commission is one of the reasons why any company or enterprise related to cryptocurrencies are not held liable by their actions and can continue to do things to profit and take advantage to feed their greed. If only there would be someone who would overlook operations in the cryptospace, if they are adhering to standards, quality service and security of their platforms, then even scam ICOs and IEOs would have a hard time going out easily to steal people's funds. Since nothing exists to do that part, they're free to do that and wouldn't be responsible to anyone for fraudulent acts.

Although  CMC is not liable for those listing scam projects, still they should do their part to eliminate it in CMC and not just staying it there as trash should be cleaned up too.

on ther other hand, yes investors are liable for their own funds, they should take care of it and not just investing and investing without proper knowledge.

On point. :)

I agree with you, they are not responsible and to assure us that a project will be a legit one and successful, it is our job to figure that out, their business doesn't cope our security when it comes to that, if you are blaming it to them, then it means that you are also accusing this forum by letting those ICOs run on this platform and scamming all of the users here in bitcointalk.

your answer is logical. I agree with you, even scammers can advertise on any platform. this is purely due to business, we should not blame CMC, thanks to him we can more easily see prices, volumes or crypto market movements. which needs to be blamed on the scammer project and its investment victims, not advertising platforms like this at CMC. Actually victims who are exposed to ad referrals, on average cannot analyze. can only see who the advertiser is (can be said to be a noob investor).

cmc ? awts  but i thought cmc was a verry reputable platform and afaik they will not accept scam proposals because they are already an elite when it comes to crypto source/infos  .

 if they do that they can only damage thier sites reputation  . if im one of those website listers i think wont accept scams because money is not what makes a person happy but i only want to become honored as one of those good sites that exist on the internet .

The burden is always on the investors, if you think popular ads is a measure of what a legit project is, then you have been misled, this is internet and Coinmarketcap is an online advertising company they need money to pay for server, as long as they have disclaimer they are safe and don't have intention of promoting potential scam sites, always invest at your own risk, do your own parameters and do not rely on company to do it for you, especially if it's an advertising company.

Advertisers like CMC only provide the best service for their customers. Scammers as their customers but using fake identities. This is purely a transaction between a service seller and a service user. The problem of the scammer project must be analyzed by yourself, do not trust the ad before analyzing more algi. Becoming a new or old investor must be smarter and not be fooled by fake projects that will cost you money.

I also noticed some scam ads on their main page. Probably that is true, they never care if that scam or not as long as they had always clients. But I think we could not blame them, as an investor or a bounty hunter we must do research first before anything else. But I think CMC has an honest data analysis on every coin or project that was there. I saw coin that inactive status and I think that is enough for us to know.

Understand coinmarketcap is also working for money so they will accept any kind of promotions not sure they have added criteria now,even they had banners of proved scam sites recently so just trusting an advertisement is your own mistake.Maybe they can add verification as you mentioned but do you think this will stop scammers? Anyone can buy new number with theft id and can be used for this purpose.

Unfortunately, such platforms scopes only the coins or the projects that has been there without any validation behind. Side of it is that they are as well a business, bribery are existing in this. They aren't forced but with money under the table even though they quite knew that the project were just a scam they would blindedly promote instead of doing the otherwise. Sadly these situations occurs in real life situation that is why this aren't surprising.

Of course, each service will fight for customers and make money. If Coinmarketcap admins see that their audience is decreasing, they will have to look for the reasons for this and the solution to this problem. On the other hand, there are already different rating services that provide more information about projects conducting ICOs, there is already a check of the team and all documents. I believe that now there will be a struggle of services for users. And to get more users you need to provide only verified information.

no i think that's a normal from some website to make income from ads, the main problem is why today are launching many ico listing site.
new project/scammer can maipulate Data from this ico listing because this site can earn money from developer some project to make review and give them high rate like a trusted project.

actually what happens like that is a bad problem that has often happened. but some campaign managers and advertising sites don't mind because they pay. but there is a bad reputation that will be obtained when the promoted project is a scam project. but beyond all that, we cannot blame anyone except the person who made the project itself. because those who deceive us.

Wow! thats huge sum of money collected by CMC from those scam ICO's! I think these is not new it was happening already before but just today it was highlighted. that's the reason why every investors should observe due diligence before making any investments in cryptocurrency, because we cant rely with these platforms Beware!  

Yeah sure, everybody is complaining about scams, but scammers are paying the biggest money for advertising to such websites as Etherscan, Coinmarketcap and ICO rating websites like ICObench or ICOmarks.

That's all about money. Similar to ICO rating websites they are paid by scammers because they are mostly viewed by newcomers when investing in ICOs and other crypto currency based websites. But we have nothing else to blame here except ourselves because we are in control of our money and we must know how to keep it.

Coinmarketcap is a 'place' to advertise any project, as far as the projects pay it would be okay.
coinmarketcap dont care wheter it's good or bad project
i think it makes sense, because that's just a banner advertisement.
if we look at ICO review, it is worse. using fake review to get investor attention which is one of lying

we have realized that from the start. and investors should be fully aware that all promotions that support fraud projects are only for the payment they get. for the trust, we must think and examine it ourselves. the existence of problems like this makes a lot of investors refrain from adopting new crypto or investing in new projects. if it continues like this, how is the continuation of the new crypto? or maybe this market indeed belongs to old coins that have survived with their renewal.

Found it true that most exchanges follow the rules of money. As long as those projects pay the amount they need, they don't care if it's scam or not.

The identity verification will be the best shot here, i don't like coinmarketcap because of this, apart from checking the entire crypto market cap i don't have any business with CMC, they are worse than ICOBENCH or ICODROP

hahaha right. Where there is lucrative land, there is regulation. Yes, in the end, money. They want to taste it by relying on power for security reasons. Money can change people's behavior. No matter the effect that will be caused to the wider community.

They are advertising scams because they are paid to advertise for the target audience. Not sure how this differs from any advertisements on the internet.


What? Can you link any source to this? I know that the exchange volumes are inaccurate but i thought that it was because wash trading done by them, but getting paid for faking them is news to me.

CMC does not need to know whether it is a scam or not. What matters to them is making money for ICO campaigns that place their advertising banners on CMC, And even on popular crypto currency websites they place their banner and they pay for it like Etherscan.io.

If this is true, then CMC is not helping matters. As some people are helping to fight against scam, some are upholding it, which is not fair. CMC is one of the faces of crypto, an ambassador and a representative. However, in this situation, they are not representing the masses, but their personal gain.

You ask companies what they really want more - to make money, turn an idea into reality or both? It will be interesting to listen to people's priorities. It is clear that cryptocurrency is a springboard for earnings and there is nothing to be done about it. Everyone makes money as best he can and we must always consider this. I now do not condone coinmarketcap in any way.

I didn't know that they are offering ads impressions on their website I thought that they are making a profit for their website by offering the API.

Well, since they are getting lots of traffic offering ads spaces on their website is the fastest way to earn from their website and it will help also to upgrade CMC and to maintain it.
The only problem with that they don't verify if the project is scam or not but I heard that you can report those scam to CMC support. Before they take action they need many reports to the specific project before they remove or suspend the scam project on CMC.

I ideally this supposed to be the normal procedure for the inzerest of every cryptocurrencies enthusiast but in the industry I observed almost everyone is in for the purpose of making profits not just profits but huge one. On the other hand to the little research I carried out may people do fall victim of scam simply because of their greedy mentality sorry if am wrong here but thats what I learn through some research thanks.

There could be another logic, people can't trust even Bitcoin. Where total coinmarketcap was approximately 1 trillion now only ¼ trillion. All investor was worried to lose money then ultimate results market crash. Scam projects isn't only reason. I lose my trust from CMC after random coin listed.

yes that's right I think before receiving an ad from the ICO who will advertise, it's better to verify first so that those who see the ad and are interested in the ICO are safe from fraudsters.

if you don't verify that a site (CMC) will get a bad reputation, but I think CMC is not an easy advertising platform for fraudsters.

This is a fairly complex problem. Everything forms a circle that is interrelated and becomes complicated. Lay people, potential investors, and traders sometimes use similar websites to get consideration from the project they will support. Providers of advertising services only provide space, regardless of whether it is fake or not, sometimes is ignored, as long as the advertiser pays according to the agreement. One lesson from here, we must really do an independent analysis, dwyor.

There are a number of ads on CMC and I think it will be very difficult for scammers to do that, I am worried that it is not an ad with a new project or altcoin display, but a list of new altcoins that are very numerous but do not have trading volume, because at this time the conditions for altcoin can be listed there is only with 3 lists of crypto exchanges where altcoin is traded.
It is difficult to prevent scammers, but we can be careful about the decisions we make

Coinmarketcap only promote for many ICOs pay with higher amount, they look not care about how trusted an ICOs project, so far payment is running based on their schedule, Coinmarket cap always promote with many ICOs project, I got many ICOs promote on coinmarketcap always failed and have lower price after listing, ever coinmarketcap promote with ICOs without continue for listing after ICOs ended.

that's their business only advertises if paid means we must be really careful in choosing projects even though a large web that advertises the project, because it does not guarantee that the project is good

Well, it's business, they gotta run it somehow. It's end user who needs to do the due diligence.

CMC is one of the most trusted site when checking market volume. I don't even give attention to their advertisements. And if a project catches my attention I still do my homework before investing or helping them promote their project. This site has their own business to keep, so it is not solely their fault why such scam project gain attention. Investors has their share of supporting scam project because they do not review project before investing.

There are many fake projects that find their way to coinmarketcap, just because they are listed on Coinmarketcap doesn't mean they are good projects, i wish coinmarketcap care more about its reputation like binance exchange do but they don't

actually, earn money is more important than than the other side. i dont know they make research first or just take the money first (i hope if they make a research first before doing adv), but just because of their good reputation doesnt meant it will have bad effect to them, people can lose their trust to cm because of this

the increasing number of ico scams is due to the absence of supervision at the beginning of making tokens or ico. even anyone can make it, and even for those without money. it makes the opportunity for people to raise funds from the scam project even greater and then they run away with all the money without thinking of investors who have helped their funds from the start and also the bounty hunters who help promote their projects. actually it is not only money that controls the world, but also ingenuity can make this world feel unfair. we need to be more vigilant friend.

Although CMC has taken a precautionary measure, it is still possible to encounter such advertising elsewhere. So instead of believing in each of their ads, why not do research? I know this is a trap for those who are not familiar with this sphere, but there are new ones who are aware of the danger of these traps. Or once s/he is trapped, s/he will take her/his first lesson, and we will surely meet her/him in this forum. To avoid this, do not just believe in every advertising games, you should do your own research.

Crypto space is so weird when it comes to new projects, you can't predict which one is legit or which one is not a scam projects, high rated projects do turn scam as well and you will see low rated projects doing fine, the problem with coinmarketcap is they only care about how much they make, apart from checking the market cap nothing more so just make sure you do your own research on any projects on CMC

The problem about scam projects is you will never know they are scam unless they are rushed projects, coinmarketcap is all about coins and their market cap in ranks, do not expect coinmarketcap to tell you that a coin is better than the other, that's not what they are made for

For now, if they still really strict about project that want to use their service, maybe they will be hard to get it. Because actually scams or not for now really hard to decide, people will say scam when they lose in their investment, but actually it is their choice. Usually scam is used by people who steal someone's money and then go away with it. But for ICO, investors is not forced to buy and all risk is give to investors.

people never lose their trust to CMC just because of this issue. advertisement is a way to earn money, CMC doesnt care wether adverstiser become scam or not, all cmc care is just money
people understand this site is for providing cryptocurrency data to be consider crypto user, so it is just possible to lose the trust when it doesnt give good data anymore

Mate, they do list advertisement on their site and it's not possible for anyone to check if the project is real or fake nowadays as there are many projects which finds it's way to coinmarketcap but then turns out to be a scam. Those days are gone when it was easy to identify scam as some project starts well and then when they are on a good pace they just dump it. We need to be more cautious and use CMC just to check the price, exchanges and the volume of a particular coin or exchange.

Indeed, well maybe its a bit laborious to search to make sure but isn't that better than to feel remorse about your decision? seeing those scam projects before and until now makes me realize that we shouldn't feel bad about having some trust issues because it can help us to be a great observer when it comes to projects that we are willing to join. It helps us to be more cautious and attentive considering the fact that scammers are always looking for some ways to deceive us. 

Indeed, same way as what most exchanges are doing. They dont care about the project they are always after the money, the more money they will get when projects or campaigns are being given to them they will not make an investigation first . Also some ICO rating site before are the same! The will advertize ICO whether it is scam or not as long as they will provide a kyc and money of course which is big, they will advertize it.

this is what is called the anonymity of the cryptoqurrency industry, be it the coinmarcetcap site or any other site that addresses crypto you have to pay attention because there is no free money to cover good items completely and money can change everything. all sorts of forms of fraud are everywhere, especially the crypto industry, one of the areas of money and it has always been a fresh food for scammers.

In my opinion the trading volume is based on the rotation of coins in the exchange. If the exchange falsifies the volume, the CMC will detect the results of the exchange.

If the CMC commits fraud by promoting a new ICO, of course they have good reasons, because at the time the ICO was promoted to CMC, they did not admit that they would commit fraud. Fraud will be detected halfway through the project, not initially launched.

This is why crypto investors should not believe easily on any crypto advertisement that they see on the internet and always do a proper research before investing. As for the community, we should expose and spread awareness about the bad practice of this companies who advertise scam projects, with this we can ruin their reputation and might to the right thing in the future.

This is to be expected. CMC means business, they don't need to regulate the project who wants to be advertised. It is our responsibility to investigate if the project is worth to invest and worthy of our time.
CMC is just being used to put up their banner on its website to become known that a certain project is actually started running. CMC doesn't mean anything to them but as a tool.

Money is what makes this space untrustworthy, both crypto rating websites and crypto exchanges don't care if a project is been made to scam people or not as far as money is to be made, scammers too are now smart enough to bribe icorating websites and get listed on coinmarketcap as well, you need to be careful where you put your money and always watchout for money sharks

CMC only promoting with ICOs want to pay with higher value but when you find CMC promote with scam ICOs you can give or make topic on bitcointalk tread about what the scam ICOs promote by CMC, don't worry if you want to give correct information although have fight with CMC website, when you get very strong valid proof you can explain for investor about scam ICOs promoting.

CMC are listing projects that pass in their requirements, they will put the exchange where its listed, their ANN thread, and their social media channels.
That's it, its pretty simple as they don't want to make things complicated, if they will have to investigate, I think it would take a lot of time before a single coin will be able to be listed in CMC.

read this, its important, https://coinmarketcap.com/faq/

Not only Coinmarketcap, but all advertiser sites can also advertise scam projects, but they don't know that
I think if the coin marketcap / advertiser site knows that advertising is a scam project they will not accept it

To an extent i would not hold coinmarketcap responsible as most of those projects don't have guns pointed to the head of investors corcing them to invest. You are always advised to research extensively on what project you want to commit your resources to before doing so. That you decided to commit resources to a project because the project has its banners on coinmarketcap website does not in anyway satisfy the disgust.

At that moment there were really a lot of scam projects. it’s really very difficult to track which project is immediately scam, and which one will only become such after a while.
It is important for the advertiser to get money and save face, so they checked most of the projects, but some of them still turned out to be a scam ..

The crypto fame attracts scammers right now that's why we can see those scam projects coming up and we must be careful really upon choosing since we might gonna harm the newbies if we continue to participate on them. So maybe for now since the scamming is rampant in ICO scene much better if we don't join on them for a while so that we can  discourage scammers to campaigns and by this if we cannot stop them unless we can minimize their potential victim.

everyone blaming CoinMarketcap. but no one accept the fact that they themselves might be promoting a possible scam in their Signature Space. I want to ask everyone here the signatures you are wearing. how much you are sure about that project? they all could be scams too.
and Coinmarketcap was very clear. they never endorsed the projects they advertise in ad space. it's every individual's own responsibility to do the research about a project and make his decision on his own behalf.
stop blaming others for your own stupidity.

Bitcoin got down from very high point as market corrected but Sir this talk is about promoting ICO not crypto market crash.

It sadden my heart whenever I see some good and reputable platforms promoting scam projects, they have never  care to scrutinize the project before advertising them, a just because they are paid for promotion they can promote the project to the world.
Personally, I do my own research before I invest into any project because, money isn't easy to get and should be invested wisely. Never trust any platform without, investigate the project before making your investment.

There are some out there that promotes only those real project. It is just not as popular as those business platform. Still business is business in the end. Just give an enough money to someone they would be doing what you wanted. This literally happened as well on the outside world. Let us just hope for those who will be seeing those scam promotions be more aware and search more about the project they will be engaging.

The project advertised by CMC and other websites is not reliable to judge the legitimacy of a certain project. Avoiding them to stop their interest in creating a new project can be a simple way for them to stay away once they realized that there will be no longer participants wanted to perform in ICO's. Increasing numbers of scam ico can be stopped once this performed.

I am not so familiar with what is happening with the cmc pricing but as what I see, I guess they proceed with some verifications before listing any projects in their website but with regards to banner advertisement I will be surprised if they will accept any projects without verifying first if it is legit or scam.

They have huge audience so it will be bad for them if this kind of scenario is still there. Do you have samples of projects that were listed in the past in cmc even if they are scam projects so we can also double check in our side.

You cannot trust any review sites nor any rating websites as they take money to have good reviews and we have seen that in the past even celebrities taking money to promote scam and shitty ICO projects, so you really cannot trust all these advertisement and the scammers will find a way to attract investors and be smart enough to understand those and you will save your money, bitcoin is the only coin that can be trusted and not any shitty token projects.

If it sadden your heart as you have said, can you be 100% sure that, your current promotion on this forum is legit? Is it free of scam ? How are you sure you are not promoting a scam project? Basically am not surprise with many comments on this thread because they are ignorant of what they promote.

Indeed. they are blaming CMC for this and they don't even know how to scout a project because they don't know how to avoid scams. we can't blame every single if this issue in cmc because a lot of scam projects now are handy and there main reason is to play victim and want their projects unsuccessful. most of them are have legit ceo, legit teams that's why cmc won't decline them from listing. they have scam plans at the end that's why it won't easy to predict projects now because of fraudulent developers.

Nowadays we cannot avoid the deception faced. because so much is being manipulated. Agree that some people do not know what they are promoting. on average only fixated on large allocations. and in the end it is the same because the price has decreased so much. so it's better we are smarter in doing promotions. even though it's all free

This is the reality, because people know how much money in the cryptocurrency ofcourse a lot of people will do shady things to have a part of it.

The sad truth is in advertising industry as long as they are paid enough to advertise a project they will advertise it event it turns out into a scam.

Maybe what to be my question is, how define ICO to be scam project if there are no evidence that ICO will take out people's money. Maybe that advertising sites already have their standar about which project that can use their services. But at the end, even bounty hunters sometime don't know if the project campaign that they already joined turn to scam or maybe not have value in market.

What is happening is that, most of the time, advertisers are the bounty hunters as well. I became a bounty hunter before, and I strictly not supporting scam projects and I will never knowingly support bounty projects. Most of the time what is happening is that they promise good amount, not that high, but just in exact, so you will believe the project because the particular scam are those that promise something that is too good to be true. In this case, you knowing the project is legit will turn out to be scam.

The lesson here, you cannot determine now, what is legit and good unless you haven't really tried and proved it. So we really need to take risk in order to earn profit while not supporting these frauds.

such projects will be difficult to realize because government regulations will be more complicated to obtain. but it is useful for investors because if a project that already has a legal entity will make investors increasingly believe its purity and bounty participants can also benefit because they can also ensure the authenticity of the project

I'm not defending Coinmarketcap, but they are a stable site with stable income from their advertising if they know that a project is a scam they are not going to accept, they are an advertising company and not a review and rating site to tell us what are scams and what is not, the burden is on the investors, not all that glitters are gold, investors must do extensive research and not rely on advertising company.

Bounty hunters were not to compare to Web advertisements.
There is a little bit of difference withing a bounty hunter and an advertisement posted on a website. Let's make it quick

Bounty Hunter - being a bounty hunter will not give you any payment until the end of the project, whether it is legit or not, your payment will be on hold and cannot be touch. It means bounty hunters are working for the promise bounty payment.

Web advertisement - It is being paid at the same time as being posted the ads on their website. Whether the project is a scam or not, they are already paid.

Both cannot determine if the project is legit or scam; However, bounty hunters will remain as one of the victims of those projects.

I agreed that maybe there is a regulation in these kinds of projects to at least lessen the scam probability as you know since the crypto world is booming and new players are coming in, there are a lot of people who will scam or will be scammed with those filthy people! Since CMC plays a big part in advertising crypto as well. But then again, it is business and it is really hard to predict whether or not that project will proceed.

I agree with your point that the coinmarketcap site is the biggest site in the advertising industry and I personally think that they are one of the most trusted sites because they display complete data including crypto price charts. Apart from that, not just any coin can be registered there, only good coins can be registered there and if there is manipulation of coins, I don't think they will last long.

Called with business when you got payment with higher fees you will promote although scam ICOs project, I think coinmarketcap doing the same opinion what I said, they will promote all ICOs without check legal or not and scam or trusted although they have receive payment will promote an ICO project, other time ICO will be scam is not their business because have got payment from ICO promoting site.

I do not understand why they need to change something, if they make a profit for the impressions of advertising and projects that want to buy advertising does not become less.

true it is very sad they are willing to be paid to promote ICO Scam, we know that the ICO rating is currently very low, but it is not possible that ICO can return as good as before with high security regulations for investor funds

Well, for most people nowadays money matters to them, even advisors can be paid without doing a proper research and investigation about the project, what matters is that 'if the price is right', so for me, I can say that let's just do our part to investigate on our own and not just rely on them.

To be fair, even big companies like Google or Facebook have advertised a lot of scams. So in an open space like the internet, the best way to protect yourself is to learn, instead of relying on external factors.

That's true, and it's not going to change.  As long as any ico project pays for the advertising, what does coinmarketcap care about that project's legitimacy?  I also don't see it as coinmarketcap's duty to determine whether a project is a scam or not, just like it isn't a bounty manager's duty to do the same.  Sometimes it's even impossible to tell beforehand anyway.

Just don't pay attention to any ico advertising, that's my sage advice since probably at least 90% of them are going to be scams.  I'm not sure who those people are who invest their money in them, but you can't protect everyone from gullibility.

They sacrifice their advertising reputation because of greed. In my opinion, such sites should check projects that advertise, but they don't care about that.

Quite True.
The big reality is that everyone is talking about reducing scam and fighting it but those who rules the web with big activities do not really care or put into effect all the talks they about.
Coin Markets Cap won't deny they don't know that some of those ICOs ad listed on their sites are scams, so far they can pay them, the ads will be up in no time. Another thing is that, some investor usually believe that once an ICO is listed in a CMC, it means legit; this is absolutely wrong.

ICO rating is a scam because of so many fake ratings. The regulation will not be the best way to reviving the ico. Investors have already lost their trust to the ico and this is true. That rating creator must be based on the community's vote and not only based on how much paid by scam ico to create a fake rating. To give back the investor's trust is a very difficult task to do.

yep,ico rating quality now  very bad.mostly their review be shit projects,and if they keep doing this way based only how much they paid we will not see good projects in market.its very subjective if we review based on money.community vote could be solution for it,our review compared with another analisys and we will find advantages and weakness from current projects.but unfortunately its not started yet.

Yeah right, there are no clear rules of ICO rating, they will give high ratings as long as participants can pay, and the biggest factor that makes crypto lose customers is the factor of ICO rating.

If you take a close look at any major social media site, you will see that most of them would take money to advertise almost anything as. Long as that thing is not illegal, even social giants like Facebook do it. Nobody really knows a scam project until it actually exits, even some projects with verified teams has done it in the past and this doesn't guarantee that when any sort of verification that CMC might carry out in the team of the project they wanna advertise would actually stop them from scamming if that is their intent, we should cut them some slack.

It's all because of money, they paid it so it's all good for both sides.
Regardless whether the website is a popular one or not, thing is we can't really avoid seeing a scammed project being advertised.
It's up to us how to protect ourselves from those ads, do not believe things easily.

indeed, it is all because of money but I think that those who often promote ICO should be careful when giving information to investors, but I also sometimes this is not the fault of the promoters, sometimes this is the fault of the ICO team that has made mistakes because it provides fraud against investors and against promoters who make a lot of losses in the cryptocurrency environment.

I don't know how you can blame coinmarketcap for any of this. In most of the cases, when an ICO is ongoing you don't know whether it is a genuine project or a scam. I don't think they will go ahead with the advertisement contract, if they know that a particular project is having doubtful credentials. But at the same time, coinmarketcap is a business venture and they need advertisement to survive. It is not very practical for them to impose a blanket ban on the advertisement offers from all the ICOs, because a large part of their revenue comes from that domain.

You are right because sometimes nobody doesn't know whether we are promoting fake ICO or not until we see their nature. Sometimes it is impossible for us to justify the company because their activity seems to be very interesting and this makes many people start promoting the bounty.

Indeed, it is a big problem that fraudulent projects are advertised on social networks and other reputable Internet resources. But it should be noted that fraud is detected after ICO, at the stage of implementation of a roadmap. Therefore, there is actually nothing to blame advertising platforms, because there are no criteria by which it is possible to reliably determine a fraudulent project or not at ICO stage.

Don't mix things up, CMC is not a crypto analysis so they can't tell you if a project is legit or not, their existence is to give records of the whole crypto market cap and info on each particular coins or tokens and their trading volumes too

Agreed 100% here. Coinmarketcap doesn't give any guarantee for the genuineness of a project. And it is the responsibility of the investor to research about the project before he invests in it. See the irony here. If an individual profits from a particular ICO, then he will never give credit to anyone else. On the other hand, if he ends up in a loss then he'll be quick to blame everyone around him.

Unless it is proven that a project is fake, coinmarketcap can't refuse advertisements form them. And even if they ban such ICO adverts, they will find other websites and blogs to advertise them. And I don't know why the OP singles out coinmarketcap, when we can find similar advertisements in ICO review sites such as icobench, icorating and icohotlist.

Very true. These big platforms like Facebook, Google, CoinMarketCap etc in one way or another have promoted scam projects before. The point is that once the projects are able to pay for their advertisement, the banner will be hosted on the platform. The best way for investors to save themselves is to perform personal researches on the projects before investing.

Scam or not, it is business as usual in ranking sites like coin market cap. It's not that they only care about money, they are just indiscriminate in with their customers. That is why it is imporant to look for different sources and compare for you to determine the best plan to be laid whenever you trade. Nevertheless, this behavior of these sites has made it possible for new coins to thrive and add flavor and variety for the cryptomarket.

Even with the owners and dev of projects, there almost no KYC or validation to determine if the project is legit or not. Sites like CMC do not bother to do any KYC because it will just add up to their expenses and time, making the price of service go up also. They might be look like cheap but that's how most businesses right now roll in the market. What important is that now we are aware that not everything we saw in the monitor, are true and subject to fact check.

I don’t think that the center can somehow affect the placement of scam projects in its rating,
because if the project is traded and passes according to certain criteria, such as placing on several exchanges and a certain trading volume, then it is almost impossible to determine that it is scam.

The CMC provides statistics and nothing more, it does not advertise any projects other than those that they themselves buy advertising on the resource.
Therefore, it says that the CMC advertises scam somewhat recklessly. Rather, the scanners are lucky that their projects manage to qualify for the ratings.

That is never going to happen, you are basically asking a business to take less money in order to try to protect people from which they get no money, it is obvious they are never going to do that, those websites sustain themselves from the money they generate from projects and exchanges that want to promote themselves on their websites, and the only thing that they need to do to avoid any kind of responsibility is to tell you that you are investing at your own risk and that they are not actively promoting those projects.

This would really be disheartening if truly coinmarketcap does not carry out research before listing, it will jeopardize the cryptocurrency industry because once a token is seen in coinmarketcap it is believed to be legitimate. I just hope researches are carried out with those wanting to list their projects knowing. It shouldn't just be all about the money

If you know CMC promote with scam ICO just resign your investing with ICO, you can choose other legit ICO for investing and have good price after listing on exchange market, you can help your friend or other investor to give advice about scam ICO have promoted by coinmarketcap, why not give image and source link about scam promoting ICO by coinmarketcap for make people trust with your opinion.

I think they are not really making any effort into research but they are not making money from them neither, it is really small because in the end there are tons of websites that promotes ICO's so that means ICO's have to pay all of them at the same time in order to not miss out on marketing which drops the price for many of the websites. Sure, you can get bigger and get a bigger piece of the pie but that doesn't mean the smaller ones are not eating of your profits small by small.

Hence, I would highly suggest people to not really go into these websites since they worth almost nothing , the reality is they are just sleezy marketing people selling you 50 dollars pants they got for 5 dollars like all the retail stores do, don't believe in the pitch, check the product yourself.

CMC is a business so we don't have control over who they want to advertise. For me nowadays, any business would also promote false information if the price is right. Everything runs just for money. There are very few people or business who stands what is right though. Also, CMC might have researched about them, it is just that they don't have the hands of God to foresee the future.

Coins that are listed on coinmarketcap are not all legit, its not a way of knowing good projects or bad projects, you have to do your own research and pick projects based on how useful they are, some few projects are not even listed on cmc yet and they are good projects