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I always complain about ICO projects not just because of rewards? but because of the increasingly rampant project fraud!

on the other hand the first reason why we find it difficult to know about fraud projects or not, because almost most ICO projects look real !!
and this is very unexpected, that there is a site that offers services to create an ICO project complete with ERC20 Tokens!
with only $ 50 a person can make millions of dollars from the results of fraudulent projects ?????????

https://www.fiverr.com/wedowo/create-your-ico-website-and-erc20-token (https://www.fiverr.com/wedowo/create-your-ico-website-and-erc20-token)

imagine if this continues, then the rich will increasingly become rich !! scamers

It is as it always has been, you using it to shitpost.
I do agree with you that a lot of them look real but seeing scams icos and coins for so many years it is quite hard to believe more than a handfull of projects are of any future.

Edit:When doing something simple to do, cheaply, price fall down naturally just as ICO's, as you saying.
Edit2: How the hell a newbie "always" complains about ico?

To be honest, this is insane. Like who offers such services for just $20? Well it's a good thing that the ICO market got naturally shutdown due to the decline in the investors patronizing them generally.now i understand the reason why we always see thousands of new start up projects without any real life solutions just a plagiarized whitepaper and a fancy whitepaper

This here is one of the reasons we ended up with 70% scam ICOs between 2017 and 2018. It is so easy to build a template website while plagiarizing whitepapers. For as low as $50, scammers can cash out millions siphoned from unsuspecting investors all in a short period of time. I am glad that this disgusting trend has been nipped in the bud finally.

Every where there is business transaction that involves my money, you don't need to know how scams or fraud erupts. It is usually some greedy people's habit to take advantage of whatever is catching people's attention to making money. And with the knowledge of technology people can easily build the project site to decieve and get people down. And that's why we need every details to recognize them.

This is not a new things. Scammers are doing this for a long time because of the ease of creating a token and launching an ICO. The total cost for launching an ICO perfectly is below than $500 and scammers are taking that chance.
It is true that it is not easy to detect ICO fraud or not but it is not that hard. Very few scam ICO are well planned. If investor takes a deeper look at everything, it is easy to decide whether it is scam or not.

In fact, this is part of the market and it is indispensable. If it's one of the really good and international projects, why not raise capital in a centralized market and need an ICO in a decentralized market? more than 95% of ICO projects with high rewards are fraudulent projects today. This is also a big part of the decentralized financial market because no one can guarantee the security of your assets. So when investing, think carefully. Especially in the current economic situation, we can not make a lot of money during this period.

We cannot complain about those jobs that we took.
We picked them. It is not them who picked us.
At the end, it is our choice.

If they fail to make the right amount from the offering then so be it. They will vanish.
But don't lose hope. Maybe someday you will find the right ICO that will make you some good money.
We cannot blame others from making a wrong decision.
Researching deep will only be the answer for picking the right project that you will support.

During the time ICO was famous, there are many members or professional who knows about blockchain and coding taking advantages of the process and we cant persecute them all in a swoop. Yes, if they can be caught, then they must be punish by the law but the thing here is the decentralized nature of blockchain cannot pinpoint these people. How many have run away already for this and keep repeating the same fraud by introducing newer project? Ive guess for now, we can do is to avoid ICOs so rhey cant scam or steal money from investors.

Fraud among ICO projects will go away when states begin to regulate this type of activity, that is, the relevant state authorities will check and register the team of each ICO project, and possibly issue licenses for this type of activity. Then it will be easy to apply to such a team in court at the place of registration, because everything will be official. In the meantime, the period of the wild west continues in the activities of ICO projects. However, sooner or later, it will end in vain.

The scammers will do anything they can to trick people, and not just using that way. Sometimes, they use email, promotion, or even send a gift to many people to attract them to participate in their project. But unfortunately, that is a big trap to get big money that will be sending their money to that scammer. That link is one of many examples for someone that is trying to open doors to someone to use that way to trick the people, and maybe, there is many more like that which we don't know.

no this will not continue because now everyone is getting smarter to invest, they are getting deeper into doing research on a project that you want to invest

Everyone wants to make money and scammers are always there to offer you your heart desires, ICO projects looks real sometimes but deep research can safe you from scammers, if you dont have money you can afford to lose I suggest you don't invest in any new project, the most trusted investment haven now is binance Launchpad

So what is your point in posting things like this then?? Do you think that this is still new here already. Oh I forgot, you're the new here since you are a newbie ranked :P.

At first place, why are the investors are getting scammed when they invest on a new project? Because they aren't doing their own research and they are just investing because that is what they saw in the internet. Because these are the projects who is the noisiest in different social media platforms. Because they saw some popular crypto enthusiasts saying something about their project.

What lies beyond that things are the facts that they will just scam you because scamming in an ICO right now is very easy as long as you know how to attract investors. What is the best thing to do to prevent this?? Don't fooking invest on these new projects and focus on investing on old coins. Is this really hard to do or understand?? There are many established and trusted coins out there already. Why do they need to invest in these fooking new projects.

Yes, I agree that the most trusted investment place at the moment is the Launchpad binance, because the binance always makes a very extraordinary job that can benefit everyone, so the right choice for investing at this time is the Launchpad binance.

This is a typical event here on crypto. Scammer busy laying some traps on newbies and investors. There is nothing new here OP. You cant possibly stop those guys from soing evil things here especially if its involve money. 2017 up to now, you can see how those scammers evolve like the innovation of cryptocurrency. Very scary to know that they are professional in this kind of business.

That's right, now everyone is very smart at seeing projects and also very smart at making research on any project, and this I think is very reasonable for everyone to do, because in the last few years there have been very many scammers on most projects.

That is why investors started being smart, however, there are still a lot of investors who still fall victim to scam ICOs and IEOs. Even scam projects look legitimate, good thing that ICO reviews and known personalities promoting an ICO have lesser impact this day unlike during the alt season.

In 2017 and 2018, there were a lot of projects done the way you described to scam investors. They only need to spend $ 100-500 to create everything about a new project. Then do bounty at this forum to attract investors, then they have received hundreds of thousands or millions of dollars from each fake ICO they created.

As time goes by, investors are learning from the past. The reduction of interested people investing to ICO was massive. They've learned a lot from the known bear market 2 years ago and it became helpful to determine the scam and fraud projects.
We can't handle those people who are selling service to create tokens but, if these greedy people stop thinking of availing that service then these developers might stop offering too.

I hope there is no new ICO that popping up again. Basically yes, the scammer will help to ask some easy services to scammed the people here.

Other than that, the majority of ICO and its behavior will give a lot of profit although it is just for short term investment.

I only saw, there is a few project that held some ICOs or IEOs who successfully launched and have a real function for this world at least in the future. But most of them only gone to the trash and being shitcoin.

It's not the first time I'm hearing about this, this is one of the reason why I don't like the freedom given to users of Ethereum ERC20 but there is nothing one can do to change this, we just have to be very careful with ERC20 tokens mostly, 99% of scam projects are ERC20 tokens

Now no one will invest in an ICO because they know it's a scam. They will never waste money and time on such bullshit projects. Right now IEO is the best option for people to invest in to earn a profit, but we should only join IEO at the leading exchanges in this market to ensure safety.

There are numerous fraudulent projects that seems real and it is the reason why we should look for potential red flags before investing into ICO projects. It is never easy to identify scams, but there are different ways to check if it's real. Searching for information about the person behind the project and examining the whitepaper, since it has the information about the project that can possibly help you determine if it is worth the money.

ICO fraud has been around a long time, projects like this will continue to appear around us and will never disappear in this industry. Scamers generally always have many ways to fool their victims, and maybe he thinks that ICO is an effective way for fraud with only a small capital of $ 50 like ICO Desaign looks real and then uses the Erc20 platform that can be easily used by anyone.

First and foremost, there are no reasons for fraud whatsoever.
Secondly, there is no need for you to complain about ICOS at all; i suppose newbies are meant to learn basics first, not rush into investment. Perhaps you are vastly knowledgeable when it comes to investment ?

About fiverr, i do not find correllation between crypto currency and fiverr, unless you want to buy ready made whitepapers which are equally wrong too.
Just do your own research; apply warnings and educate others.

Crypto currency is not a get rich scheme.

From the look of things, it doesn't look like it is ending anytime soon, although ICO frauds have reduced drastically since IEO came into existence but that doesn't mean one shouldn't be at alert. About getting the information on how to create a project with ERC token for a very cheap cost, the trend will also continue as well because of one thing, it is cheaper to get and easily accessible as well. However, doing so is wrong and a red flag if found out, therefore in essence it is quite good to look beyond the whitepaper to dig out the truth.

no wonder because fiver is indeed a suitable place for this kind of thing, but besides that there are also many who offer the same thing even for free, because many people are distributing free ico web templates and we only need to edit a little to look good, and for erc20 tokens there have been many tutorials on how to make them and because up to this moment many scammers have used erc20 to fool victims.

at least I represent another complaint, about ICO's poor reputation.
sorry, I'm not saying I plan to invest or have extensive knowledge about investing. I only provided information about misuse of ICO & ERC20 services.

yes, Crypto is not a rich scheme.
but people abuse crypto to get rich?

yes, fraud projects are still a big problem in the cryptoqurrency space. Scamers also will never stop launching their junk projects. although most ICO projects are fraudulent, I think investors today are wiser, smarter and will not easily put their money into bad projects.

If this is happening, how ten would they care about the project that pretends they are delivering to people? Their notion would just be, I have nothing to lose, let me just give out this little money to see what I would earn. With that, they can decide to create as much shit projects as possible.
I have always believed that a developer that does not spend on a project or product will never appreciate it's value and will definitely not guide it jealously.

They sold you false promises and you bought them. If losing your invested money is the crime you are as guilty as those people who promoted their ICO projects.

Posts like yours show that we aren't ready for decentralization yet. You want proijects to be decentralized and independent but when you get hurt you went the authorities to catch fraudsters and the law to punish them. You want decentralization when it suits you.

Conducting an IEO on an exchange requires a lot of money. This is why many project teams decide to hold an ICO, to raise initial capital, and use the funds raised to conduct an IEO. This was recently done by the Cartesi team, who first held an ICO, and now on April 24 will hold an IEO on Binance.

It's very easy to create an asset in the some platforms and scammers will always use this until the platform itself will put a very strict verification to prevent the scammer to launch its project and i think if that scammer will not stop. We just need the platforms that launched the asset features will put more strict regulations to issue an asset.

A truly quality project with a solid team will certainly strategize. Cartesi from the beginning really attracted attention with its unique niche, really struggling to develop the community to successfully work with Binance.

There is nothing wrong with ICO, what is wrong is the person who is trying to cheat under the guise of ICO, that's what makes ICO doubtful, especially as the OP said, many fake projects that look very real.

Yes. Fraud projects are very rampant today because of the people behind it that never stops scamming. But for sure, this will never be stopped unless investors will not act upon against this. I believe investors today are more wiser than before but since scamming still continues, this just means that investors should be even more wiser and must search more deeply to avoid falling into fraudulent projects in the end.

This needs to be stop, and the government has to make an action to this, and I guess at this time now, people are already aware of the high risk, and as a result, we are not seeing anymore a successful ICO.

ICO's time was last 2017 where scammers makes a lot of money, but that's part of the growing market, as it grows, a lot of people try to take advantage on those investors that are not fully educated with what they are doing, so we need to be matured now and understand the risk as we don't have any authorities that will protect us from these scammers.

Yes, I do believe that as well. Many investors are now very careful in investing their money. That's why a lot of ICO or even IEO projects are having hard time in raising their funds. Very few can reach up to their soft cap targets. People learned their lessons well from fraudulent ICO projects. And I know a lot of them already stop investing money on this. As you can see, it is better to participate when they are already in trading rather than during their pre-ico or ico stages, because you will find out that their value decreases, even couple of weeks that they are in exchanges. Also, even if someone reported that a project is a scam, they can't get their money back anymore because the team already disappeared or can't be reached. I don't think they will ever return the funds to their investors, if they failed to achieve their goals.

You have to be used to the fact that most of those ICO projects today are scams and trash. Now, it is your turn as a participant to be vigilant, to choose the legit ones. I know newbies are the ones who usually the victimes here but be wise selecting and whom projects to trust for. There is still few of them who are doing great projects. Blame the participants for not doing enough research before joining such projects.

Newbies will just join any campaign they will find appealing, im also one of them before i've wasted alot of time promoting those scam project. i dont know why newbies keep falling for those scam projects, wasting their time promoting the project, there's alot of guide in this forum on how to spot scam projects but i doubt if they paid any attention on those posts.

ICO is the reason why scammers are on here and so far it's been a successful journey for many scammers since crypto space is a haven of freedom where you can do anything to your victims and run away freely, it's a big shame that to this day no single solution for such act

You can't really get too much money if you end up using just fiverr and nothing else. There are projects that spends as much as a million dollars to even start their project and they could turn out to be scams as well because they get insane amount of return on their investments.

You could simply use a million dollars to hire the best whitepaper writer, greatest coders that are willing to work for money, insane designers that can build unbelievable images, some awesome marketing department and use the rest to promote it with ADS and bounties and so forth to get even more community behind it. That person will have the greatest project at that moment for spending so much money, but will get almost all investors at his time as well so his one million will comeback to him as tens of millions of dollars which is a great investment.

The result of 2017 ICO is what gives crypto haven away to scammers, since then many millions of dollars have been stolen, crypto space needs a solution badly against scammers, they are the main reason why crypto is still thriving hard today

yes such an offer is indeed very bad for the reputation of the ICO, although we cannot blame those who offer the services of ICO makers, but with such services, Scamers will never stop to buy desaign, Whitepapper ICO to deceive its investors. need to be careful before choosing or investing in any project.

This is really ridiculous,

This service is the one that kills those projects that conducts coin offering by providing the scammers' such project and have an easy way of creating their own projects. This only proves that there is no way that projects nowadays have a chance to improve.

ICO projects really came with loads and loads of issues and you just pointed out one of their issues, with this method the team or rather scammers can just create a telegram group, website and the scamming begins, literally they didn't put in more resources but most times leaves with huge amount of money. Nevertheless, good a thing the ICO model is no more and in the case of IEO, reputable exchanges tends to accept the good projects.

This is been extensively dealt with on this forum. The fact that it's very easy to create shit coins on the ethereum network without having to pay any penny or not needing a high-level expertise are loopholes for scammers. Stick with the already known project and aways do a wide research to avoid falling a victim.

Scammers are making huge money out of crypto and it won't stop any time soon, online haven is the perfect place for scammers do not be surprised, from romance scam to bank account frauds and now it's crypto, no one can keep us safe than ourselves, ICO got ruined because of these people but IEO is only better on top exchanges

As a rule, such fraudulent projects differ in that they use free site templates, fake team, and plagiarism whitepaper. All this is done in order to minimize the cost of creating a fraudulent ICO. But if you carefully study the ongoing ICO, all these signs of fraud are easily identified.

Well there are some projects that looks really legit people would not believe that the project turns out to be scam. Reminds me the case of IEO scam in the past in 1 one most popular platform that the aftermath severely destroy that exchange's reputation.
These kind of scam ICO usually using someone else's identities by faking it, so if someone really want to make sure try to find some clarification by forcing them to appear or making clarification video.

When you use fake team, free website stuff (hell a .blogspot would do) and stolen whitepaper and just focus on getting as many scammers as you can to your real team and go out there and try to convince as many people as you can, you literally spend less than 100 dollars yet I can guarantee you that you will make thousands of dollars in return. Why? Because when you do an ICO there are just too many people who do not do research at all, their only research is you, the person they are talking to, whatever you tell them they take it at face value and go with it and sometimes they invest hundreds of dollars as well.

You can't get too big that way, you could only make some thousands of dollars and not millions like the real ICO's make, but its still a great return on investment for a scammer.

It caused the ICO to die in 2018. In 2018 I saw this service. They created a project for only $ 500 and then they received hundreds of thousands of dollars from launching the ICO. I believe this service still exists today, but surely everyone has been wary of these ICOs and no one will invest in it.

It's very bad for such projects that scam people with ICO, I have been a victim so many times because I don't know how to really dictate the real and scam projects.
Scammers are making huge money out of crypto and it won't stop any time soon coz new projects are being rolled out. Even IEO aren't 100% perfect

The only reason os the greed and these things are everywhere, people will try to cheat, steal, fraud and even deceive to just get quick money but they do not care about what they will get back in return. I believe such money is never useful for anyone and only makes you sad and suffer. It will not make you happy because you have scammed innocent people who were looking to support a legit project and make profit out of it.

Yes, it cannot be denied that with the existence of ICO-making services, the scamers will use the service for negative things. and the disadvantage of the erc20 platform is that it can be accessed by anyone and it's not difficult to make tokens using the Erc20 platform. this is the root of the fraudulent project that uses the erc20 platform.

I always believed that those people who earn money by cheating people will eventually lose, but if they initially tell people that if a person invests in a project, then he risks losing his money, then, in that case, the responsibility will be on that person who invests

each investor has his own way to invest their money in coins and ICO projects. generally investing is risky, it is important for anyone before making a decision need to reconsider, because investing takes time and is full of risk.

I thought I was the only one that's noticing this here; it's usually newbies that are complaining about ICO projects and posting other topics, and sometimes I wonder if it's an old forum member that's ghosting around with newbie accounts to post things they don't want to post with their main account.

There are lots of scam project, but I think those that takes their time to go through the ICOs to know what's right and wrong will be able to point out whether an ICO is legit or not, and you should always learn from the experience of others and read articles that can help you in identifying scam projects.

Yes. This could be the reason behind growth of fraud ICOs, but not primary. Nowadays it's very easy to acquire such cheap services from freelancers and the desired design with all essentials for ponzy ICOs. It's really good that the days are now gone for ICOs and for IEOs two parties should get involved to scam which are projects and exchanges. People are now very much aware of such scams and this is reducing to some extent.

Any industry in which it is easy to steal peoples money will see it happen.

When it comes to fiat currencies, it's practically impossible to rob someone and get away with it, even if you're doing a fiat crowdfunding campaign or the like.

With cryptocurrencies, that's not the case. People who run scam ICOs can simply funnel their illicit gains through mixers and anonymous trading platforms to get their money out, and absolutely nobody is going to invest to time and resources required to track them down.

That's life.

Let me honest over here. People complain only when they don't get their rewards or manage to make profit. I bet most of the people wouldn't even care if a project was scam or not as long as they got their share of profit. They wouldn't careless if the project did not proceed forward and abandoned as long as they managed to sell their tokens to cash out their profit. This is not about the project for them, this is more about the money they will be making.
If a person gets scammed because investing on those shitty project, then good. At least they are going to learn a lesson now.

I believe your complaint is right and it is rampant in the market. To the fact that we can't deny this thing that is why we need to find a way in order to be safe and not been fooled by these scammers. Besides, this scamming activity isn't new to crypto (maybe in you) and we are already aware of this but somehow the awareness has just been ignored by many because of a very attractive reward that scammers has been played. If we are blinded by these (broken) promises it surely we are the ones who's been their victim.

$50 is not that big and if youre a careful crypto enthusiast you can feel if the project is somehow just a dummy one, and not exerting a lot of effort on marketing. But I cant just judge this by small works right? How about we refer on the legality? At least on this we can feel that somehow we are secure and peope working on the project is somehow trusted but of course its depend on how they can expand their platform. If you are after the ROI then join IEO. But if youre looking for a hidden gem that has potential you need a careful and vivid review.

50 dollars can be big to someone that has a limited funds or limited source of funds  but he should also do proper research if he knew that 50 usd is too precious for him to loose  . its not about how much effort they exert on prmotions but its about how they create the project  . still anyone can make an exagerated banner and have the ability to pay to promote it but in the end investors are going to suffer once the project turned scam or became unsucesful  . legality is a good reference to to decrease the chance of being scammedd but still need to be careful  .

It will be hard to eliminate them and the only thing we can do is to avoid them as much as we can. It will be hard since it is unknown to everyone on how to determine the real and those good to be a real project, but at least bounty hunters should give more time to investigate and locate those fraud projects.

As a single solution, it does not exist until now, only for a temporary solution is to make some research on all new ICO projects and IEO projects on a low exchange, because IEO in a low exchange is also often a scam.

I agree that there are more and more scam projects and are difficult to distinguish from real projects, one of the reasons is right now
easy to make our own coins. Many services making ICO projects with only capital under $ 100 can already make ICO projects.Therefore
we are very difficult to distinguish real or fake projects. So no wonder since 2018 until now almost 90% projects are scams.Very worried
about the condition of the crypto world today.

It caused by there was a lot of manipulations that happened with the IEO that runs on the small exchange site. I have seen a bunch of scam IEOs never tried to be transparent to the investors about how much they raised from the crowdsale and it was always getting manipulated to fool the traders to buy such crap token.

Yes, it is very difficult to distinguish between fake projects and real projects, because the scammer projects are already very clever in printing fake projects that are almost similar to the real ones, and the only solution now is to make several studies of new projects as detailed as possible so that we can know the clarity of the project, even though we cannot know it fully.

yes to get rid of it is very difficult maybe out there are still many website makers and erc20 at a cheaper and correct price you say if we have to spend more time doing research

Indeed, if the ICO team uses videos from various conferences in its presentation, it will only increase the confidence of investors in the project. Unlike legitimate projects, scammers usually use stock photos or photos processed in the editor, so they will not be able to submit videos of their team to confirm their legality.

The only things that keep the scamming world growing is the inability of the cryptocurrency populist to understand the ways these guys work around the globe. The only thing that keeps them winning is the newborn babies who have joined the world of cryptocurrency without any good idea of the ways these guys operate. Let's be more careful about the offers these guys bring onboard and we should be more less greedy. Greediness is the major causes of these victims in the hands of the fraudsters. So your research before invest in any project or offer.

Exactly i haven’t seen Jan to right now there are any successful ICO projects because this is 2020. Now investors are very smart everyone will analyzing hardly before investment any kinda of ICO project. And i do not wanna say from one side IEO's is the best way, also here not much credential in all of IEO's investment, only a few stock exchanges are pretty good.           

I really hate that, it's better to invest in projects that are clearly running and the number of them is no less much than new projects. New project investment, especially ICO is better to avoid it now. When there are no clear rules for new projects, investment is a waste of money.

It is not enough for us to keep saying it is not a new thing while ills keep going on here against innocent hunters trying to support project and get paid too.
We can move ahead further to check this scammers by starting from those bounty mismanagers who have been flagged for running scam bounties. The forum can ban them and gradually scamming will reduce because it is really out of control.

I would agree with you after going through the gig. Creating everything is as easy as anything and as such fraud will always abound due to the low cost of launching it. We should help stop these ICOs and IEOs before it's too late.

It's not like before , as at now fraud projects has reduced. If we are not greedy we will know. Our greed and laziness is what covers our eyes from seeing it.

Scammers are feeding fat while we are swimming in loss that is the stories of ICO in the past. I guess the rate of scam has reduced drastically over time thank God for every individuals that are taking their time to analysed projects before engaging in it.

This is really sad, scammers are really benefitting from others hard earned money. I do think we have to becareful while investing. And many will spend such little dollar, get more than 500$ and just mute. Some also do pay people on telegram to add up fake users just to increase the group growth and embarks on bounty .

If you check very you will see most of this dev folks always target Ethereum blockchain due to cheap cost to create a smart contracts and this is the reason why many scammers too always like to go for Ethereum blockchain. In fact if you check on services discussion you will see many users that offer such services at a very low cost.

I guess you may create an ERC20 token even for just $10 as someone offered dead cheaper coding in our services board if I remember correctly. I guess, just having a new ERC tokens will not be enough to kick off a project and to scam this community in the name of ICO. They must be needing lots of other set up to show us like a highly legit project.

It means I guess just spending 50 will not be enough to launch a scammy ICO in my opinion. Also, when the cost required to run an ICO increases then the chances for new ICOs for scam intentions may get reduced somehowe right?

It's pretty much easy and cheep to create an erc-20 token. Well their (ETH team) intention wasn't wrong. They create a opportunity for all people who want to make their own project in crypto industry. But you can't stop scammers to doing their shit jobs. No matter how much reliable process you find they will make a hole into that process and try to scam people anyway.

In 2018 when ICO give us unstoppable scam/dead projects people thought IEO is the solution for that. And now IEO is running the same direction because of many shit exchanges. So we have to survive form those things with our own experience. Don't fall for any greedy offer and always try to invest/promote on actual project.

I can't deny the fact that the introduction of IEO brought correction to cryptocurrency tokensales as all the projects that launch IEO's on trusted exchanges are kind of legit and trusted. For quite some times mow, only the good projects raise money now unless investors becomes gullible and invest in project that doesn't list on trusted exchanges. I admit the scam exits of most ICO projects in 2017/2018 contributes to the mess of a market we are dealing with as lots of investors bailed out after being scammed multiple times. I just hope a proper audit will be provided to vet start up projects, that way the rate of scam  will drastically reduce.

That aside, OP, fraud projects usually take advantage of present hype or precedence
And this is why as the halving draws nearer and nearer, and even after the bitcoin halving, there will be a lot of projects who will function for a short while befote dying off.

Always do your own research before investment

Yes and thats what makes ethereum have a lot of negative feedbacks from investors, hunter, and traders. They are allowing the creation of unknown people of tokens of erc20 without much restriction. Imagine how many scammers using it or gained from using eth blockchain? Creating tokens with eth network is so easy and not costly so this is really a perfect platform for scammers.

I just don't understand why even so many years have passed but people still fall for ICO scam. Many case studies for ICO scam and I thought people would smarter. Though we won't able to remove ICO scam completely but at least, reduce the number of victims that fall for ICO scam.

For that reason why a lot of token sales are fake and useless. It's different compared to other token sales that shows the correct amount of token being brought by investors. This scammers will always create a fake websites with fake project team. Nowadays, investors must be smarter to determine the real one who invest with. Scammers are one reason why people are affraid to trust cryptocurrency

Well its a tricky & smart moves from scammer. The scammer is too smart gain attention from investor. I think this is a common mistake why people got frauded. Thats why we need to make a research deeper. Try to find out anything suspicious from that project.

Evidently some project don't spend much to have their project running, yet they will demand for such high target to develop a project they may never see the light of they because they will ended up scamming the poor investors and disappear, good thing that this informations are now in the open for all to see, it is no surprise that only few project are genuine, rest are created to cheat and deceive people.

Well that's exactly why there's such thing called white paper or such for the potential investors to review first before giving away their money to the project. The investors should know the thing or understand the project before investing and that a must, that one investor who usually just slacking around will have the consequences although I hope there's better solution to that.

Wow with that $50 they can make millions, this is why we need to research the project carefully before to invest. We can not stop the scam projects but we can prevent it.

This is the main reason why I don't like investing in running ICO project because of scam. I do prefer already trading project that has strong team and potential. I can't afford losing money for fraudulent project that only spent penny in making the project

Yeah, how many project have scammed investors even with the most beautiful well written and structured white paper? There are lots of them, having a white paper don't exactly appear to be a guarantee that something good will come out of the project, infact, white paper is not the issue,  the team are, some of the dev team often let their greed get the better of them, money has alot of power if you don't know, if you are not dedicated to the cause, you can easily get carried away with the money you earned for the development of the project.

Some legitimate review coming from experience users will us to convince that it's another from of scam projects. The deeper you research the more chance that you will not end up with nothing and just waste another effort and time. You can rely on previous real projects on how they execute their project and documents. Some whitepaper are just copy-paste in other project and team behind them is not real. Lastly, join the project that run by trusted BM here in the forum.

Scamers feed their victims in various ways, especially about high rewards and it always happens whether through ICO, airdrops or faucets. I feel that ICO fraud has not diminished and instead has become even more rampant. it is important for you to be more thorough before joining any project and not expect high rewards from the ICO project.

It can only happen in 2017 or 2018. Currently investors are much more careful than before and they will check everything about the project before deciding to invest. So bullshit projects like before certainly will not be able to deceive investors

One of the ways for fraudsters to get money from victims is by offering investments that have small capital but provide high yields, and even beyond human logic, but that is of course humans are greed become a weakness that is easy to be used by fraudsters, I think we have to be careful in every mode of fraud today because if we are tempted by what the fraudsters offer, of course we will only get into trouble, and also lose the money we have.
Of course, before we make an investment, it's better to check with details about what they offer and don't easily believe the swindler's sweet promises.

Haha even i saw one similar service at the marketplace section of this forum too, i think scamming and begging are the two easiest forms of getting easy money without doing anything yourself and i even categorize ponzi schemes, mlm programs and other similar projects, where there is no real business or revenue generation and just the money is circulated from one hand to the other, as scams.

The main reason is lack of regulation. The industry needs safety standards that allow only validated startups to open ICO sales. Up to this date, anyone can make an ICO and is up to you to believe in the project and invest.

Fraudulent projects are always rampant, here and there; maybe perhaps you did not take notice.
But recently, fraudulent projects are enormous due to the impending bitcoin halving coming soon; several frauds want to take advantage of the general pump that follows altcoins after bitcoin moons.

It is up to investors to do their research, and choose the best amongst the valid projects.
There will be more projects as the halving draws even closer.

I think that regulation can be considered as the side factor but the main must be the bullish trend that happened with crypto has already made so many scammers were trying to fool the crypto users. It's all going back to the money dude.

There was a new safety standard called IEO launchpad but it must be launched by trusted party

I don’t really know for you, but scammers are not really new thing for me. Anywhere I go online, as long as it’s business and money that is being discussed , I’m always sure to expect scammers, it’s up to me to know the right thing to do and avoid them as much as possible. So, don’t act like it’s a new thing, because it has always been like that, there have been a lot of them right from beginning. The more the number of ICO projects continues to grow, the more there will be scam projects.

Most of them now are trying to make it look real, but still it’s only those who are dumb that falls for it. You shouldn’t rush into anything you see online, you have to be skeptic at first, take your time to research them and know who they are and what their project is all about.

I don’t get it either. Who said that scammers have just begun their activity?)
I do not remember that there were few projects in 2017-2019. Each year has a lot of scam projects.

yes, no wonder why many ico projects that use the erc20 platform end in fraud, because we know that making tokens using the erc20 smart platform is very easy. on the other hand this can also be an opportunity for fraud through ico + token erc20. Beware because scamers always have ways to commit fraud.

They are everywhere at any given time. If only there is group of people that are able to apprehend those scammers then the crypto community will all live worry free and continue to grow our projects and investments.

Crypto scammers always make the biggest life changing money from the scheme since crypto investment involves millions of dollars, and the big ICO success of 2017 did give crypto away, scam is a bit reduced since IEO took over ICO but scammers still use other ways, scammers will always be amongst us

this is the responsibility of every investor, whether you are a small or big investor. since scammers will always find a way how to introduce their project in an attractive way and seemingly legit, it is for the investor to do his own due diligence. we can't stop those fraudulent projects as they can freely launch what they want, so it is now on investor's end how to stop his possible losses from these crap projects.

Agreed, there were times when it was possible to invest in Xshtcoin, dump it, and invest in another Yshitcoin. The fraudulent projects are more than half of all projects but the counting decreases year by year due to the factor of diminishing unskilled crypto investors. Free launch can be found on a mousetrap, so everyone should keep themselves as responsible for loss occur in the scam crypto project. The altcoins below 2000 CMC ranking are mostly scam and useless pump-dump tokens but there are plenty of lightweight investors who still invests with HYPE.

yeah, we really have to dig deeper about the projects that we will choose. it will not be easy because scammers really make their projects look like real so it is very difficult to distinguish them from real or scam.

i think you're right "if there is nothing suspicious, that is suspicious." we really need to feel suspicious and always be vigilant so we don't suffer losses.

the volume and intensity of crypto scams has since reduced. I largely regard it as a result of changes and knowledge acquired over the years by investors. Back then, investors don't really ask much before commiting millions of dollars in ico, but since their ugly experiences which have forced them to learn over time, investors now think thrice before even participating in ieos

Continous wrong can never make any right. That you have already joined a project does not mean you should not continue to research on it. Yes, the first research and a thorough one us very important, it should not stop there. Continue with your suspicion until it ends, until you get your reward, listed on exchnage and until you are able to get what you truly want.

There are many types of ICO but most of them are in ICO is scam. We have to look very closely to see which ICO is better positioned in a good market but in 2017 and 2018  there is a high probability of 75% scam project. Market value is too low but I think these projects is not good of ico project. There are many projects we need to learn from ico crypto market, the market to snatch money from ico project so the main symptom is need to learn find out the better ico project.

Very sad. Anyone can make fake projects using the service, make fake teams, and other manipulations, really ironic. That is why new projects that are actually potential and legit are lacking market support and trust because investor confidence in this field is declining.

The only way for new projects to gain public trust is to collaborate with trusted companies or global exchanges. It will automatically form a strong community.

New project who desire to gained support and really aiming to succeed needs to have enough funds to collaborates with well known company, without budget and with the competitions it's hard to fill the trust coming from investors and traders. If they have the capabilities to use their own money as initial investment  then there are chance that support will be there and interest will rise high from the investors.

But the way you mentioned it requires a lot funds to collaborate with trusted companies or global Exchange. Every new project is certainly this is a big obstacle, except if  they are ready with all their personal funds or there is a guarantee from their supporters.

Agree with you, new projects now need a separate operating budget. They need to have multiple partnerships and get listed at the exchange before calling for investors. If the projects are just starting at zero then I think it is difficult for them to succeed in this market.

This is unexpected for people whos lazy to make a research mate,
if you are not decided because of
their ann thread and road maps?then better ask for the community
opinion specially those experts
 here regarding scamming ,there are scam busters in this forum that
 always willing to help us not
 becoming victim ,you cans end them Private Message if you are not
 sure about the project and let
 them do the Job telling the forum whats inside each projects.

The main reason for the large number of fraudulent ICO projects remains the absence of any regulation of this type of activity by the states. If states register, leave copies of personal documents of the ICO team and verify them, fraud among ICOs will practically disappear. Over time, it should be so. After all, fraud in all states is a crime and law enforcement agencies are required to prevent their commission.

I always say here,,, do not blame the technology, ERC20 and Ethereum and basically any other smart contract platform have done things that made previously complicated matters like tokenization and fundraising very easy, we should be happy for that. Scammers are early adopters this is the fact we should also be aware of. Scams will always take advantage of ignorance and greed. Let us not give in so easily to them.

Project scam has been happening for a long time, and they continue to grow until now. We can't complain in a situation like this, instead they teach us how to choose projects that are truly real, they offered us services to join their ICO, while we choose their program. If we are not smart and careful when choosing, then we will always be stuck in a scam project.

I personally now already instilled a mindset, willing to join a project if their tokens really listed on the top Exchange, if not, then I will not join any project. Scammers look for greedy people, because greed can blind their minds and hearts. My advice is don't be lured when they give rewards with large token.

I can see it, you've joined a bounty that pays in token or coin but their volume is good because they have over $1 million 24 trading volume in all exchanges they are listed combine. I wish all of the bounty projects can offer something like that so bounty rewards can easily be sold anytime.

The crypto space has been so open to having allowed this right from the beginning. Since it is a decentralized system where no one or no centralized body that would help curb some of these things is not available, then such is bound to happen. HAd it been the contract of Ethereum network is created in such a way that funds will be held in a safe place without the developer has full access to it before certain criteria are met, it would have been avoided. Well, I think there was a time Vitalik said he was going to work on that and that if investors want to take back their money before the end of the token sale and I case any suspicious activity is noticed, they can take what they paid back. Let's see what happens in the next phase of the upgrade.

keep in mind now investors don't have an interest in investing in ICO because of many things, among others

- loss of investor confidence in the ICO which is currently only concerned with profits rather than the project being carried out.
- the difficulty of competing with established projects.
- the absence of strong rules to protect investors.

Now it's very difficult to find projects that are truly real, we must work hard before deciding on the project we will follow, That's the reason we have to research before getting stuck into a scam project, As bounty hunters we must have special tricks when choosing good projects. we must first pay attention to the development of token sales, Transparent ico, a reliable team and the best ICO rating so the guarantee we can get will be even greater.

since the ICO boomed or rather when in 2017 many projects were successful and profitable for most project investors and prize hunters at the same time. but after that ICO felt like a hotbed of fraud, scamers made a lot of money from the results of ICO fraud and many prize hunters did not get commensurate results after promoting the project for that long.

I believe it take a professional hand to get the fake project, everyone just have to be careful of them. They are ofcourse very rampant and also take professionals hand to recognize them. Many of them are bait for our wallet to steal away token.this is one of the reasons KYC and IEO came up.yet it cannot be totally eradicated.

Don't worry I don't hear any ICO that success now and it looks like no investors are interested in ICO's anymore. We have IEO now, but I prefer IEO with Binance because it has more chances of success with good quality projects, I guess all of the projects that conduct IEO on Binance are unique and top-notch.  IEO from low volume exchange are not advisable. Those ICO cannot raise a decent amount anymore even legit projects cannot raise at least softcap in short ICO is dead.

Fraudsters and scammers are in every sector of the life and business and they cannot be stopped 100 percent of the times but with research, due diligence and being caregul we can avoid these scammers most of the time, for ico scams i think their should be an escrow service which checks each new ico, holds its coins and interviews the team and after full satisfaction it should give green signal for the ico to raise funds this procedure and filter and stop scam icos.

the first reason why fraud projects are rampant is because of money. money can change everything, scamers commit fraud of course based on big profits or big money proceeds from fraud. if it wasn't for money then certainly nothing would have happened about fraud. On one hand, Ethereum's smart platform still has shortcomings and can certainly be misused by scamers. including making tokens using the erc20 platform.

No matter how much a bad project tries to cover up, there must be something that gives it out that they are fake. It's up to you on the effort you put in trying to find out what's right for you or not. If you take the time to check some things on the project you will definitely be able to tell whether they are scammers or not. Some of the things that usually show them off, the first one is wrong spellings and usage words, but a lot of them are getting better at that and taking their time to make it look good.

The next thing if you're on their site is to check for the ‘https’, if it's not there, then you have to be really careful. The main thing that works is checking their team.

Ofcourse it's obvious the main factor is money, some people want to earn quick buck but if the scamming is so rampant so many people got scammed there's should be prevention to keep these scam at bay, scammer will always exist but we could keep them at bay with some prevention.

While there is no formula to prevent the circulation of scam projects. Because they do it very neatly, so we often get caught up in the evil plans they carry out. Bounty hunters must be careful when choosing projects they will participate in, because now it is very difficult to distinguish between original projects and scam projects.

There are no sufficiently developed structures or companies on the cryptocurrency market that would control the development of new projects.  If we are talking about fraud on the cryptocurrency market, then this is a criminal activity of scammers and should be prosecuted, according to the Criminal Code of a country.  but for this it is necessary to create opportunities so that there is a real registration of all new projects with real names of those people who are engaged in development.  Based on this, the number of fraudsters can be reduced significantly, and thereby protect investors from loss of funds.

Investors should still provide opportunities for projects if they are not successful in the first year, but at least the project will continue and have a future. That is what the community and investors want. But now the ICO project is just junk scattered in the cryptocurrency community that continues to commit fraud.

This is very detrimental to new projects that are really serious about building projects but do not get the support of the community and investors because trust has been damaged by the fraudsters.

well, I don't pay attention on initial coin offering anymore. I don't care about what the scammer paid to get his shitty website done. if any sales are not initiated on a reputable exchange am not ever going to pay attention to such a project. if only people can learn and not keep falling in the traps of these scammers.

Yes I completely agree with you, project scam has been happening since from very long time and now most of the people has learnt very well how to differentiate a scam project and real one. Also their are several people present here and those are working towards this situation to find the scammers.

The problem is, investors are easily persuaded by a good white-paper, credible team (which is usally fake), a good web design, and good investment return promises. That is why conducting a research before investing is a must, if you can join any of their social group such as telegram, twitter, fb or any platform where you can ask questions directly to the team, do so.

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This is sure to continue if diligent researches are not made on the projects before investing. Aside from research, fraudulent projects can  also win the heart of investors by providing huge bonuses. If Greed is also shunned, I believe fraudulent projects will decrease. Don't invest in a project based on hearsays. Or other people's research and analysis. Carry out yours!

In investment don't believe anyone except yourself. It's hard to find out a good ICO at this time. Most investors believe in winged words of ICO project and invest in it. It's how they lose. Don't believe in winged words, believe in what you see, how they develop and delivery production out

Some people may still consider the expert as someone who must be followed by them, the decision will depend on ourselves but we must remember we should get another reference to make sure does the coin worth to invest or try another chance. That means what you are saying were not actually true caused by we must also get another opinion too.

Now people only care about IEO, only IEO can help new projects succeed and make investors profitable. But it only happens with large exchanges, if IEO is done on small exchanges, it is like an ICO. The project will fail and the price will constantly collapse

You obviously have not really mingled online with people who invest! They don't even really need a whitepaper or do their own due diligence. They just look up a rating on ICObench, look for a few youtubers and even just listen to Mcafee or Molina.

People are people. They believe in dreams and fast returns. Sad but they don't even really care or understand about whitepapers or teams.

Because people decided that it’s easier to cheat than to do something good. A very strange attitude to the world. But nobody knows how to change it.