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I feel cheated ... but the fact that every project that promises or claims tokens will eventually increase at a very high price is just nonsense ...
in a statement on the road map they promised to use project funds for further product development, but they were only trying to take advantage of the investors' black money ...
what they have to do is develop their product further, not just start doing it or say all the sweet promises ...

maybe it's one of the things they have to reconsider, if their project wants to be successful and the project product can be sold out in the market ...
I hope I'm not mistaken about this.

You didn't get tokens or what?! How were you deceived? In the end, you say that tokens grow very well. If tokens tend to grow, then the project works and develops. If you are not satisfied with something contact the team, I think you can solve the problem

This is a common scenario in bounty campaign, they always promise their community a better project that no one ever was. Giving their investors and bounty participants an impossible promise.
Most of bounty projects are just the same, they are all after the investors money, choosing a project should take more time to avoid scam projects.

I am sure you are not alone with this horrifying feeling of being cheated, fooled and taken advantage of. In the past many years, there had been people who are disillusioned with the way things are with projects that were supposed to be promising, amazing and so beautiful really worthy of the support they successful y gathered...only later did the supporters learn that things are not happening are they are supposed to be. In other words, the dev team, the project management and all the rest of them behind the facade are just making a big show...a show that can be costing millions of dollars out of the wallets of hard-earned money of those who believe and lend the hand.

At the end, we might learn that the project just died a natural death due to inactivity, incompetence of the developing team or worse the project is actually a big scam right from the very beginning. I can feel your wretched stomach right now and I always extend my sympathy to people like you because I was also a part of the victims of the sweet promises of glory and triumph but instead we were left with empty promise and bags with nothing but full of air.

There is a big question nagging my mind: What should we do to teach these people a big lesson they should never forget till kingdom come?

What you should remember about the type of the scammer that used ico to scamming investors be like
- Offering nonsense thing like the price of the token will be high after listing but the fact the price will have determined by the market
- Nonsense idea and a lot of promises
- The type of scam project never tries to do a lot of effort to provide MVP as a representation from the real product but it's still in the beta form.

I feel cheated so many times but i have experienced to determine which is a crap project.
Again, even if it's a trusted company that doesn't mean if that can't cheat the investors and some companies are still operating right now as iconomi has already changed the roadmap so many times.

and that is the fact that no gift project is truly perfect even though they have a promising concept but it is not a guarantee for the success of the project. it's only about common sense and also how detailed you are in researching a project that you will be participating in.

There is no way you will learn if you are not cheated on in the firstplace, i have been cheated severally just as many on here as well, i later start making sure i pick projects based on what will make them favourable to the public, will there be high demand for the token? i ask myself this question a lot, many new projects of today are just remakes of what we have on the market already

If you are talking about bounties well the ball is in your court, many of those new projects are useless projects anyway and its left for you to start learning from your mistakes, try relying on what you can dig on 'research ' to avoid scam or useless projects, its a simply as that

Sometimes the ICO project starts from the person who only has an idea and the person hires the developer to start the project, but they forget to see the portofolio of the developer whether good and able to implement the initial idea of the project.
This is where problems will arise that eventually the developer absolutely cannot develop their projects, it is difficult for the to hires other developers because the funds are already used, and we cannot close our eyes that ICO projects also use the funds collected for other things that they did not mention to investors.
So learn from the past and don't just believe in the concepts and promises of the developer but have to trust more in your own research about the project you want to invest.

Most developers today are less able to keep their promises during the ICO or when the ICO is finished. The roadmap is too late not on target. I agree if the developer must complete the product before starting the tokensale period. So after the tokensale is finished, the developer only has to do a monthly update and focus on the next goal.

Yeah but that never tends to happen, does it?

Op, you are correct that the reality of ICOs is harsh as hell.  I don't think this thread has anything to do with not getting some tokens from a bounty, but the honesty of project devs and the overall quality of the projects.  I have yet to see one of these things make an impact...on anything.  The only thing I see are white papers and ANN threads that make a lot of bold claims and promises, and then everything falls flat once the devs get their investor money.  Rinse and repeat.

'Less able' doesn't even begin to describe the situation.  These fools shouldn't be making those promises in the first place, because they know they're untenable.  It boggles my mind why people keep falling for these tricks.

Not only you who feel cheated by the project, there are also many other people who feel cheated, because almost all projects say sweet promises to everyone, so that the project can be liked by many people, and obviously the sweet promises ever expressed by the project team are nonsense, this has indeed been proven in several ICO projects.

In my opinion, the ICO project has now started to fall behind along with the presence of the IEO project. many people now glance at the IEO project rather than the ICO. because the IEO project is more profitable in investing and can buy coins directly from exchanges that have been set by the developer when IEO starts.

This is what I felt right now, the research does not give you a guarantee but knowledge about the project you are dealing with. Even after doing a thousand of researches, there is a chance for the project to fail or even scam you because everything can happen if they have a desire to do that. In our current market, an existing project with a product still could fail you because we are lacking the demand. There are only 2 things that will happen to every new project which are a scam and fail, it is quite impossible to sucess at this rate.

something like this is nothing new. even in large markets there are often. there is a deliberate installing bots to make orders continuously so that the price of the token can change. and in my opinion such bots have benefits and disadvantages. sometimes the bot can make prices rise slowly or arguably the trigger for the occurrence of the moment Pump. but conversely if these bots do sell continuously there must be a dump.

You sound like a bounty hunter, promoting bounty projects won't cost you anything than time and energy, its free work and safer since you aren't investing a dime, i normally just randomly promote bounties this days and i don't expect payments from them, yes i have enough time for that because its painful when you keep hoping for payments when its never coming

Say something new. We all know about the stuffs you are talking about. What took you so long to understand this? All those sweet talks by the developers are nothing but just a eye candy for naive investors (i don't know how did you get the black money thing) to invest their money. Unfortunately many people fall for these sweet talks and gets trapped once they invest what they have.
Right now, there are like only less than few promising projects. Rest are just total bullshit.

Unfortunately, you found this out later it has been the case after the glory days of 2017

People are already aware of this after thousands of reported scamming reported in the scam section, not to mention those that are not reported

On some project, there's really no platform to speak of if it has one it has no usage to the community
Unfortunately for us, you are right

As always, there are two sides to this argument.

Please don't misunderstand me. I am someone who always advice others to stay away from the ICOs. I have never ever invested in any of the ICOs and till now I haven't taken part in any of the bounty campaigns to promote them. That said, I have studied in detail about the IEO/ICO market and the bounty campaigns which are taken out to advertise them.

First let me talk about the success rate. As of now, the average success rate of an ICO is around 5%. And that is not much lower than the success rate of an average Wall Street startup. Even in my country (India) we have hundreds of startups every month, and only a few (5% to 10%) becomes successful. But people don't shy away from investing in them. Because the more the risk you take, the greater are the chances of getting good returns.

not only you, but the majority of forum users also have something in common about your complaint above, including me one of the victims of project fraud. I would only say that 80% of the current ICO project is bullshit.

We are all victims, we are all gullible.

Projects were very much attracting at first like they can achieve what they promise in the roadmap but it failed us. We only knew that it failed us not just because of the token price. Some ICO team are sincere to be fair but some of them just empty, they don't even have connections to big names in crypto. Worse thing is that we failed to see it from the beginning and supported them with their bounty campaigns.

Since we do not know how the price will be affected by the market situation, making promises is not right, especially in the current market situation. Stay away the project that promises you that. We can only predict the price of stable coins in advance.

Developers may not be able to do everything in the roadmap and that is not a big problem. But, if the roadmap is completely forgotten, then what you say is correct. Time shows how to proceed in the roadmap and unfortunately we can not see it in advance. Therefore it is important to ensure that there is a team capable of achieving future plans.

I also felt cheated but this is what actually happened in the crypto market that there is no guarantee about your profits, we also feel the same as you. Now everyone knows how the market plays a role, especially on the ICO project, so be aware before you participate in any project.

Cryptocurrency hypes are over so dont expect much, in the following years to come, Investing in any options like (stocks, cryptocurrency etc. has no guarantee to earn thats why do it at your own risk, and if you already know all of these it means that you accept those sad truth. or even the harsh reality that you mentioned.

maybe it's still there but it takes a long time. and I agree with you about the risks of investing in the cryptoqurrency market and it is a fact that investing is so risky that whatever we have done, we must also be prepared to accept every consequence. with respect to OP, it seems that OP has gained new experience. I hope the OP is always excited and learns even better the next day.

For ICO projects, investing in it is a huge risk. Think about it, for startups calling for capital normally, they also get the support of investors.
As for the ICO fundraising, they don't get anyone's help and that's also why they always die easily.
They have put a lot of effort but you know, with the harsh market, startups are really hard to live.

Actually there are a lot of project realities happening this year and even in 2018 one of the worst years of the ICO project and this still continues, so the conclusion that I will draw from your story is that you might be a prize hunter who has experienced the harsh reality of participating in the project. we are also the same as you have experienced the harsh reality about the project this year.

Do not be too hopeful and believe in the promises of the project that will be successful with the Roadmap created. At present it is very difficult for the cryptocurrency project. Some are truly original projects but are not popular and there is a lack of investor interest. and then there are also fake projects that sell promises with big discounts which are then successful and not according to the roadmap, never listing in any market. now it's better to save your money for other businesses or use it for trading, it's better.

I think that is why it is important that we should look deeply and carefully about the ICO project that we feel like investing. If I feel that the ICO gives too much promises, I right away doubt about its authenticity. one should be really be careful else end up being deceived and losing money.

You need to check yourself if you are still willing to take the risk even you already experienced or understand the reality behind it. We don't have any argument with your assessment as the situations stated itself to most of us here, especially those investors who falls with developers sweet promises and  didn't see any good outcomes.
Sorting things up, The chance to find good and real project is smaller than being scammed around this market. You need to plan everything and make sure to accept any risk that will happened along the way.

You are right that developers should care about products, not about fake promises. This is very easy to write something revolutionary in the whitepaper! Honestly, I am not investing in ICO projects anymore because of these. ICO projects are full of fake hopes, fake ideas without any proper vision. I feel most of the new ICO projects are cheating with investors. We all know about it but yet some investors are investing in ICO projects go give them another chance. I hope ICO markets will be turned out into as good as 2017!

This is far from always the case. Great investment risk does not guarantee great potential. These are not related parameters that are considered separately, but are used together to make an investment decision.

About startups and ICO. This is a convenient environment for scammers. Till this is so, it is unlikely that the situation with low-quality projects will change for the better.

P.S. I have an interesting observation. Every time a new project starts crowdfunding, a general optimism and enthusiasm appears in a telegram chat. When the ICO/ STO/ IEO ends, a lot of problems and discontent arise in the telegram chat.

This is the predictable behavior of the majority, as many hope that they instantly get rich and don't take into account fluctuations and the general situation in the market. Although in the investment business always need to be prepared for any turns.

I believe that projects that conduct their ICO or IEO need to be honest with their community and since all these projects position themselves as blockchain projects, to confirm their honesty, they need to create smart contracts so that these smart contracts block incoming funds from fees on ICO or IEO and could be unlocked according to the conditions. Example, if the product development requires 50% of the collected funds, then they are blocked by a smart contract until a part of the work is completed and after confirmation a certain amount of funds has been unlocked. In this way, the possibility of taking all the allocated funds for the creation and development of the product and spending them on your personal needs is excluded. The same mechanism can be applied to all conditions specified in the projects. In this case, I am sure that the projects will be more successful, and investors and participants will be more protected from fraud.

I believe that the success of a project depends on the team and the developer, if they cannot develop their products further this will also affect their bad image, investors will also not want to invest in products that are not going well.

Finally someone admits it. We've all been there, haven't we? I invested in my own ICOs in 2017, and was totally in love with one actually. Big names backing it, they even had escrow, and the dream of a DEX wallet that was superior to anything we'd seen.

I fell for it totally, and fell for the smooth words and seemingly good product and worse, I fell for a trusted team.

They weren't even sincere when I look back at their words and disrespect to investors when it emerged they were swindling everyone.

Do not believe to their promise, you will see the expectations vs the reality. You will only lose your money if you will believe to what they say. Do not their what they say because it is not a legit you will only regret your actions.

Did you join the bounty or invest in the token/coin? You should understand that what you say is part of the risk in the world of cryptocurrency. You should be wiser in your attitude, isn't that your decision to join the project?
If it turns out that the project was just a fraud then be patient. If the project is constrained by a situation that is less favorable and you believe the project is not bullshit, then you must be patient until the situation improves.Very well-targeted advice. It is better to choose projects that provide good progress, for example, those that work products and are not dependent on fundraising, IEO in global exchanges such as Binance can be the best alternative for investment.

We can easily find if the ICOs are scam if they are offering high returns in just a short time, It is a fact that we should not believe to what they are saying because it just a waste of time. There are many investors who got scammed because they believe to what they heard and saw.

Project development is completely out of the hand from an investor so all they have to do is pick the right team for the project or they may end up with losing.No one with the intention of money making will never hear it which also affects the legit projects if there is any.

HYPE was the driver of the previous ICO gold era and the developers want to bring back the old driver for getting the best result during the fundraising. It is a fact that scam projects are known with a high return on investment for a short timeframe. The investors are scammed because they just instinctively trusted the promises of the team. Scamming people was easy in 2017 but now the process is entitled to do make his own research on investing themes.

There are several factors why projects are unable to keep the sale price on the same level. Furthermore, 90 percent of projects are unable to do so and at the end investors and hunters are getting less tokens, or even taking loses.

Don't deal with words, instead look for the actions of a desired project that has been already successful. Generally, if a project was presently running in an ICO don't consider that as your assurance for future profit expectations. It will be valuable when the project gathered a lot of patronizers, as well as holders who continue supporting the project, and with that positive outlook some misconceptions will be aborted from their mind.

but if investors are wise, then they will not only look for experienced teams, but all sectors regarding the investment made must be known by him. but I rather think that the current market factor affects the developers because when viewed for some projects some are pretty good but when the market goes down they can't survive

It is strange that you feel cheated, although perhaps many in this forum will share with you your feelings about injustice.  Well, we should remember such a crypto market if you are offered for cloud awards, then most likely these are high expectations and you yourself choose to accept these from expectations or not. Your resentment is that your high expectations were not met.

Sweet promises are simply their market strategy in order to catch the interest of the investors toward their project. As an investor, one should know the risks on his investment such that there is always a chance for profit loss especially with regards to investments concerned with crypto which is having a volatile market value. The problem is not with the projects anymore but to the market situation itself. Projects keep on failing because the market is having a hard time to recover.

Perhaps most of us or rather newcomers to the cryptocurrency world are deceiving themselves. We expect too much of projects, we trust and invest in projects that in some cases have nothing but words and images in the whitepaper.

For an investor the profit is their only goal to reach so they may not look into the sector but it maybe indirectly connected with the project survival for longer time frame.

It should be taking place at the beginning, you should not pay attentions with high rewards but instead, you should focus if the project have real
use to offer, bonuses and broken promises are part of the convincing way in order for the developers t get fundings, it's the users/investors obligation
to work out with potentials and not to engage right away. Lesson learn and should not be repeated again.

It is your fault why you lose your money, you didn't consider the risks before you invested your money. It is really risky to make investment in IEOs and ICOs nowadays because of the fake promises and fake benefits.

We should not 100% trusting the promises from the team, it is usually just for attract new investors.
The most important thing is the project and the peoples behind the projects.
If many ICO projects only able to make good promises but not turn it into reality, many peoples will not invest on ICO anymore.

No mistake from the bounty campaign because we just saw that the price experienced a significant decline that occurred before the bounty participants got their payment and the price has decreased quite deeply and this is certainly very detrimental to not only the bounty participants but the investor participants who exited their money must lose big enough

This is the reality to most projects that has inexperienced team and unprofessional, they can't keep up to the promised roadmap hence use the investors money develop their project without assurance that it will get listed on exchanges and eventually succeed.

Directing promotion, telling big profits with their project developers to get a lot of investment, all that is done is natural in the business world. just how the users themselves as investors identify which businesses are good and which are not. it looks like you just blamed ICO without seeing how the characteristics of the users.

If they don't give sweet promises how will people fall victims ? promises from developers are just empty words, i promote projects that have something real to offer and stay away from those who guarantee rewards and ROI, they will end up failing you in the end.. You need to come up with your very own strategy

Probably, you have to know what the function of whitepaper. Most the developer project will pay a lot of attention to whitepaper because it can be said as a banchmark for them to gain interest from all investor. So, it can be they make whitepapers by making it up and it can be confirmed that the project will end up in scam or the token/coin price just going down until doesn't have a value.

And recently, this situation has be done by almost all project from my own perspective. As you may know, you can count how many project who end up in delisted from some exchange and scam as well, I guess it is very much. So, there is no way to trust easily to some project, you have to spend a lot of effort to gain profit on this place. Or simply, you take a safe way for investing such as to choose an altcoin which has listed on the exchange or some altcoin which on the top position in the market.

Any investment takes time, even investing in BTC those who mined long ago really earned a lot when ATH reach, It should be automatic to think that when a project offers high ROI , the possibility is really it's a scam unless they already get many big investors which is quite impossible since why did they do ICO by the way. We will somehow learn from it until we realize it's better to invest money and effort in existing companies and project even low returns that be cheated without any return.

The current ico model is turned to new IEO model with all the new features and new additions in security and new developments we can buy ieo coins

yes I agree with your point that wise investors or large investors will never research briefly or only rely on experienced teams. I think there are still many factors that they must consider before investing in any project, it's just that the number of cases of fraud makes some investors begin to be reluctant to invest at this time. maybe another time or at least until they really find a good place to invest.

This is the harsh reality not just about your current ICO project but also to the big majority of the whole ICO market. Sweet promises are made for them to attract investors and make money. Road maps are full of them. Their whitepaper is also full of them. In fact, their developers can easily release mouthful of sweet promises if a potential investor is asking something about the future of their project. In end, it is either they will be forced to keep quiet, change the road map, or get out totally from the market.

Always happening on all ICO projects. their all words are just flowering to accumulate investments and those investment will work to victim other investor. so we should be observant and vigilant. we bounty hunters are do the same thing too to not bring investors to a risky life. we are knowledgable to do a thing that help them to gain not to lost.  we are also responsible to this.   

Well I gues that the team sweet promises and amazing Roadmap are the tools to market the project and attract everyone to buy their tokens even though the team are not capable of delivering it which led for investors or supporters to suffer in the end. It sucks but that is the reality in crypto-space!

But the it's just change the method, not the quality of the project itself.
Many IEO are failing because many exchanges are helding many of IEOs every month, so people are just selling the previous IEO tokens for joining the next IEO without research wwhat project they want to join

I agree with you, because it is a bitter reality, the form of project manipulation that may not be stopped even will continue. the key is we ourselves before joining the project do not rush, take the time to check it and do not expect too much if you will get a good return from each month.

I don't believe in all these promises for a long time. We have been promised many things, but almost no one fulfills these promises. Therefore, I am usually alarmed if the project promises a lot.

If that's their mindset, it could cause the crypto price to crash immediately after the project ends it's journey with IEO. This is so sad to see since many people have been expecting more good results to initiate more positive outcome. However when crypto market will again bounce to great price in history.

Personally, I have met with such projects where they promised decent rewards, and as a result the project turned out to be empty, like a soap bubble. In the project, all documents are painted white with promising investments from investors. This is a project product that will become very popular in the market. And, in the end, in fact, all this is not serious. So in the future you need to learn how not to encounter such projects.

This is so true, if one is going by the many promises on the whitepaper, looking at the milestones on the roadmap, you will be expecting massive profit from investing, but nowadays if you are not careful, the reverse is always the case. The bottom line is, after doing proper due diligence, your risk management should guide you in investing in any project. We shouldn't just focus on hype or roadmap, if not we end up regretting. Well, some few projects have accomplished most promises on their roadmap, hence there is hope.

It would be great if people stopped supporting scams and terrible projects. It is not that hard to figure it out. Only support a project you know is legit. When in doubt do not invest. When they have a working model of their idea or at least a part of it that is working and you can see it work or experience it yourself(whatever it is) then you should start considering investing. If a project has nothing to show then do not invest, it is that simple.
You need to over and beyond the average. Social media presence, website and bounty all of which is copy-paste. Every single bounty is copy-pasted that is how lazy these people are. They all do the exact same thing with little to no innovation. Yet people still buy into it.

Would you buy a car that wouldn't start if the owner told you he had plans to make it start and be much faster and have nice leather seats? Meanwhile, right now it has no seats at all. Would you take the sellers word and buy the car anyway? Same with crypto. In fact, be even more careful.

If youre an investor then this is really a harsh result for you, dont believe too much on ICO projects when regards to project development. Only rare projects can follow their roadmap clearly. It's just a guide anyway. Also bounty hunters are the one always complaining regarding this matter as if they invested some money. People should always think ahead before putting up some money especially no regulations are set for this kind of investment.

Yes, you are right. Because we don't need sweet promises, we need proof. If they really can't, at least don't launch ICO.
Personally, I have shied away from it or don't even want to look at it anymore, I mean ICO. Twice joined ICO in early 2018 and there were no pleasant results. Yes, even though before in 2017, I got a lot of benefits from ICO. But from here I realized that putting money in a project that was only just an idea was very detrimental, even the developer's words could not be trusted.

Unfortunately, you are not mistaken and you are right, these projects will never go the extra mile to make their project works, one example of this is IRONX, they do set up the exchange, they get the license from the country where they operate, they pegged the price of their token to their ICO price, and after that, they done nothing anymore, so they will soon to be forgotten,  some ICO's are like.

These usually happens mate. Fraudulent projects surely a promising project they promise this and that just to cover up their bad ambitions in the end. You've been cheated already at first sight but the thing is if you bite their bait then I guess fault is in your end. Besides many projects are just scaling but it ain't already sure that such thing will happen along the way, it would depend if they meet their certain tasks or goals towards achieving major goal.

It depends on a project to harvest them well. Most projects that arise from their ICO only seek funding for listings in a market and do not run the roadmap should.
Even projects such as Energy without using ICO, the price of the coin is arguably fantastic. Maybe yes all it depends on the project developer how to take care of their project properly.

Well, I don't call the current situation of ICOs as harsh because there is time and season for everything and in crypto, as the adoption and technology grows, new ways of doing things come up. As these new ways with more convenient features pop up, the old methods of doing things are pushed aside and that is why ICOs have been taken over by IEOs.

After the ICO, projects need to change the approach to the work of their tokens. Investors need to be interested in holding tokens. Now everything is actually built for a quick sale, while the price of the token has not yet completely fallen. I mean the provision of passive income or at least a mandatory redemption by the team of their tokens at some average or minimum price. Investors should have at least some guarantee of return on investment. Then the token will not depreciate so quickly.

most ICO projects like that always promise tokens will increase and prices are high but that is only a writing not in reality. it's a way for developers to attract investors and bounty hunters and I don't think it's just you who have experienced scams like this. I also experienced it. so from now on we must be more selective in choosing an ICO not to be affected by high token payments. choose an ICO that is more realistic and has an experienced dev and development team.

I think events like this are experienced by many people. Investors hope that their investments can produce good products and are able to generate revenue for the company but because the developer team is not responsible, makes investor confidence lost and makes ICO or IEO not very attractive to investors

Half of project existing here in this community are mostly fraud. Surely their words are so promising that you tend to found that such project is legit based on those sugar coated lines. Now you are aware of, next time you better check the project background more throughly rather than looking just in front. Take to consider as well the manager who's responsible for managing the project it might help you as well.

This has become the norms of many ICO now after the 2017, the only projects that are still maintaining their standard even if they are low in price which we all know is the result of bear market are those top projects that are listed in coinmarketcap, and this is why I came into conclusion some months back that the only projects that I want to be giving chance to right now If I have any spare money to invest are totally projects that are listed already in exchange and are within the top 200 coins in that market at maximum until I get the clear direction of some of these newer projects because I really don’t know what they stand for anymore, there is no level of confidence that you will build in them, they will end up disappointing you on their project after the ICO.

Their initial goal was to take and extort money from investors. Scammers who develop fake projects will always give sweet promises so investors will invest in their projects. Roadmap has been arranged in such a way as to attract investors and will usually be listed on large exchanges. Must be more careful and thorough in choosing projects. As a Bounty Hunter it is a waste of time, but for investors their money is at stake.

Its not surprising at all since the projects launched run away with the investors money from 2017 when it triggers lot of scammers to use this platform to scam others.

We are keep saying DYOR before investing on a crypto project but there is no way to say it will definitely not run as scam so its risky thing to be invested even after the deep analysis.

Tip # 1
Don't rely on those promises, because that's their strategy to attract potential investors.
Because it's not really on the market yet and it's just words that aren't secure yet.

It is difficult now to rely on ICO projects because they have difficulty getting new investors today. This is because of the scammers who have ruined the ICO's name and reputation

Bounties especially non-potential projects will use flowery words and promises just to attract more investors. It's one of the major things that we have to be careful of. we shouldn't fall for this kind of trap. Scammers are now using current ICO projects as their opportunity to steal money from investors.

The most important thing for them is profit but if the project is deceptive, you will definitely lose a lot of money when participating. I think during this period you should avoid investing in new projects and only invest if that coin is listed at the big exchange because you can liquidate at any time. I usually research a lot of good projects this year but the results are different so this year I will only choose to invest safely in this market.

Now all ICO projects are almost dead so don't expect too much. There may still be few good projects to invest in but people should switch to IEO more because this trend is much safer in investing.

I think many people experience the same thing as you when what was promised was just a lie or it could be said that it was only a sweet promise. And from this it will make many investors begin to hesitate to invest in a project because of this. But not all projects are like this, we must be more careful and ask for advice from the people closest to us before participating in a project.

It's no longer difficult. but now there is no hope for ICO because so many frauds have occurred. and in my opinion we must avoid ourselves now and don't trust ICO anymore. because there is no system change from the beginning until now. people are already lazy to put their funds in ICO investments no matter how good the concepts and offers that the team provides

It's normal that they promise that the token value will increase in the long run because that's the result of good development.

However, this market has been bearish for 2 years I guess, and even those coins that are very popular and stable during the popularity of ICO are now struggling as well, so you can't just expect the ICO project you are investing will increase its value when majority struggles, that's not possible, unless it's an exceptional coin.

This is a major concern in the cryptospace.  And one cannot just say people should avoid bounty campaigns because on the long run, many campaigns still worth the effort and the resources.  One thing one can do is to just be careful in choosing projects. Sometimes, some promises may look unrealistic and later on,  you find out the project is not a scam and it's too late to join. My advice is that, in investing,  just put in a little sum. If it turns out to be a good project, fine. But if not, you wouldn't have lost so much.

The first point is one form of their strategy, by offering bonuses or large prizes to investors. You should have known from the start that things like that are just to attract market investment, marketing strategies like that are common and you can see in every new project that comes up that offers lots of sweet promises. my advice be a wise and more selective investor before joining any project.

Well, that is the sad reality of ICO projects of this era. Only few are worth the time and effort. IEO is the one on trend right now and according to a lot of people, it is less risky. You should try that one.

I can say the average altcoin after listing on the exchange and in fact the project / product lacks interest, most developers give up and don't want to know why this is happening. as in other altcoins, the project left by the Team / Developer, gradually there is no price (can be called Shitcoin). So before you blame someone or the project team, you should do some research or analysis before investing, because it's your right to do your best in your future.

Right, I also really believe in IEO that is trending right now, because there are so many projects that use sales through IEO successfully, so it doesn't hurt if we all try to join projects that use IEO for token sales.

It will not hurt you until you experience to lose from it. We all know that IEO is the new trend but it doesn't mean every trend you need to follow. You should be aware about the risk the result for long term is the same as in any other project with ICO,STO,IEO they are all just want investment.

On thing that just keeps baffling me is that despite the fact that there has never since 2017 a token sold at 50% of its ICO price, people still invest in new projects in which their funds are tied down for eternity. Investing in ICO/IEO is like throwing the good morning after the bad one.

I think there is no such project that would not promise you that they will be the best among its competitor in terms of their field, every ICO will tell you that when the project became successful they will bonus or what, they will also be listed in famous exchanges but the sad truth is they just only doing this because they want to gain attention and attraction some of them doesnt follow their roadmap, and few of them became scam ICO.

When a project tells you it's token will rise in value you should immediately leave. Unless they speculating about what could happen.


There are a few projects that do not lie about things but just speculation which is totally ok. Some projects do not even promise a return and have a disclaimer about it.


I think these people are crazy or enjoy working for nothing only to throw their money at ICO. Maybe is like gambling to them?

Current has been a nightmare to watch. If I remember correctly, They raised around $36M in February 2018 and I expected them to distribute and get it listed within a month time. But then, the market got bad and they kept postponing with the excuse of 'unfavorable market conditions'. Okay, It's 2019, Bitcoin's price has increased, the market seems to be taking a positive turn, yet They didn't list. They were using regulatory issues as excuse. I've followed all their updates and AMA.

To make matters worse, They closed down their TG channels and their community can't force complains/issues. And they've finally agreed that Current is a security and at such, can't be listed straight away. The story goes on and on.

I'm sorry for your bad experience. But did you know that was part of the risk when you decided to join this cryptocurrency? You need to know, there are projects that are really made with a good strategy, a qualified development team, successful fundraising, but when the market conditions do not support the expectations are usually not entirely achieved, it requires a process. Be patient, and try again to find projects that really promise.

Risk is involved in IEO too. You are damn correct about this. These all are not very different from each other. The main motive behind these projects is mainly attract investors and convince them to spend their money in respective projects. I don't find them beneficial in any way. My honest suggestion would be to not get involved into such suspicious things or at least do a lot of research before making any move.

The word "best project now" or 'highly profitable project" will not entice investors now to support that kind of project anymore, they have seen the results of projects that promise high income and high profit, investors now want to see results and transparency, not just lip service, I stop promoting and investing in projects that claim to be the next big thing when they are in the ICO stage, they should concentrate how their platforms will work and what will it bring to the community.

A lot of people are getting more and more disappointed not only with bounty projects or ICO, but with the whole market in general. Unfortunately, the only thing we can do right now is to collect most popular crypto for good prices and wait.

So am I, really disappointed with the ICO and the market in general, but did my world stop here? of course not because I still believe that this market has some good and tough times and its so happen we are in the tough times now.

Unfortunate for us who bought at peak but maybe this market situation also gives an opportunity to those who like to accumulate, so this market situation does not only serve one purpose but different purpose for different people, other sees it bad while the other can see good as like what I said, they can accumulate.

offering large prizes to early investors is a common strategy undertaken by most new projects, therefore to attract market investment. my advice before investing in any project is reconsider and don't use all of your money just to invest in the project.

Enticing words is no longer effective most investors learned from the past promises and turned to nothing but scammed projects. Most developers
struggles after the market collapses bringing all those non usable and trash projects to die and completely forgotten. Though other project that have
real use case still surviving right now and trying to stay focus with the development of their coin. 

Saying is something but proving is another thing. Sweet promises will remain promises until the outcome results happened.

Investing in an ICO is a very risky gamble because it could turn out great and make you a a lot of money or it could turn out bad and you lose all your funds, even ICOs with a fully developed product are not to be trusted with funds because some of them would gladly abscond with the contributed funds and leave the project to slowly die while pretending to be active by paying community managers to manage their groups, there was an ICO model proposed by Vitalik and if it had been used by ICOs, this wouldn't be an issue now.

I'm sure you're not alone because over the years, there have been disillusioned people with the way things work with supposedly promising, wonderful, and beautiful projects that truly deserve their support. success. This is a common current scenario. You should learn from this that there are better options

It's for ICO but not IEO, IEO has already taken the different strategy just like try to take a big pre-mined coin and sold a few per cent to the IEO platform. Both are garbage strategy. So many scam ico and ieo right now. it looks like that will become the next garbage way to raise the funds from investors.
So many IEO trading in a loss right now. that sucks but it's a reality.

Id people still invest in projects without MVP, I think they are missing the whole idea. No MVP can easily lead to scam, because the developer might not feel he has committed himself to deliver a set target. A product before fundraising, is usually a way of showing how serious you are.

Dont expect too much bro. This is still business, some people launching new projects have goals like that at the first place to claim some money from small investors and suddenly leave it like nothing happened. It is called scam exit, developers are usually showing off some pretty good update but in reality they just stalling time for people to trust them and wait and hype them about their project. So beware, crypto isn't a safe place for noob to play investing or trading. Cautious is a must.

Because of scammers scamming people with ICO projects its become pretty hard for the few new projects that wants to deliver something useful for crypto users, they find it hard to raise funds needed for the project development, the few ones i know hardly make it to softcap, who is to be blame? investors? no, scammers are the biggest problem

Maybe we should look at investors as well. I mean if there are no individuals here to wanted to be victims, then those scammers are not going to put up projects after projects. That's why we always tell crypto investors specially beginners to be careful and be gullible to not believed everything they hear.

They should be very careful on investing and not to fall for the scammers trap. But I would agree that it will legit projects are taking a hit because of those scammers though. They are having a hard time to convince them with their projects, so to speak.

True, Money is still their only goal and not to build a good project.
High expectations will only give us disappointments and frustrations. The common thing they do is to create a great platform to attract investor and then if they fail to gather many investors or even if they gather more investors as they expected, they will abandon the project and enjoy the fortune they have collected.

You do have a point but I have seen some scam projects that show they have MVP during the token sale so for me, it is not enough to tell if the project is legit or not. the price of the token will depend on its demand that is why the project owners should not only focus on developing the platform but also on how they will increase its users to have demand for their coin.

In other words, they are always in a win-win position while the investors are on the lose-lose position. If only the authorities are strict enough in its implementation against all these scammers, they would have sent behind bars a lot of crypto project developers. They are wasting people's money, trust, and effort. But more than that, they are really creating a bad image of cryptocurrency in whole world. This is pulling down the reputation of cryptocurrency.

there should be a list that can be used to record all scam project teams so that when there are new projects you can know that there are teams that have scam indications or not and as much as possible you should be able to see the whitepaper because usually when they do scam they will make projects that are not clear.

It's not just you who feels cheated by an ICO project. Friends in this forum who invested in ICO also felt cheated, including me. Many early coin offers turned out to be cryptocurrency frauds, with organizers involved in cunning plots, even renting fake offices and creating marketing materials that looked luxurious. Many of the ICO projects don't have original ideas. More than 15% of them have copied ideas from other cryptocurrencies, or even plagiarized supporting documentation.

Right, I totally agree with your argument, because at this time we all have to really analyze the project if you want to follow it, because there are already many projects that make sweet promises but end in vain, this is what we can make as an experience in following a project.

ICOs are not a safe option anymore. Now the market is not giving good ICO projects to bounty hunters. Like you are saying, they are more like a gambling game. With a lot of scams around, it is possible to lose money easily by investing at some wrong place. Many times, the project indeed is left for slow death and in this case, it also becomes difficult to blame the project. IEOs have more potential than ICOs nowadays.

One of the issue I noticed to them is that they in the start promises for many bigger dreams to the users but they do not try to spend on marketing or they do not know about their marketing targets which make their projects as a lost project in the crowd and because of that they do not collect enough funds and so they further find it hard to fulfill their promises.

Unfortunately, teams love to promise a lot of things, but not everyone is ready to do something for the development of the project. This is a common situation, so don't dwell on it. Don't pay any attention to it.

You are not mistaken, it is true that in reality projects that are currently running only take advantage of ignorance or ignorance of investors who help them provide funds and are only given promises. but there must be a special reason for them to do such a scam. besides they really want to cheat, there must be one obstacle that impedes their process. such as market conditions that do not improve and exchange rates continue to fall, and they are still waiting for the market to rise in order to get a high exchange rate.

If you feel cheated by the project that you are taking part in, that is normal. I also often experience it like that. I was once an investor in ICO which I think and my friends are good at. But in reality they only cheat and carry investors' money and are not responsible. their website is also dead and cannot be accessed. There are also those who make the project until the completion of softcap is reached but never listed on the exchange. The token becomes trash and has no price. As an investor or bounty hunter you must be smarter than a scammer. Need to study the project you want to follow so as not to be fooled again.

Nowadays you judge only from a roadmap alone is not enough. A good project should be investigated from the start of a real team, an office that exists in their country and really it's a real project.
Then we read the whitepaper, the roadmap and the such. That's why the ICO project is now dead nobody is interested because all is nonsense.  Funds for the exchange listings and then the project is not taken care of.
Investors choose to invest in the existing currency and the project runs to minimize the big losses.

which ICO is this about? basically you are a bounty participant and also an early investor, to which an ICO counts
completely delivered. if a team does not deliver or everything turns out to be a scam, you don't have much in your hand.
there is only eyes to and through there are no legal possibilities. at least not yet. i think that will change sometime
but loopholes there will always be and of course that will always be exploited. :-\

You can see that most new projects offer large bonuses and even promise that the price of tokens will go up high, but you need to know that it is one of their market strategies to attract market investment. You have to be more selective before investing or investing your money in an ico project, the world of cryptoqurrency is full of risks, so my advice is always on the lookout before investing in a new ico project.

It is very easy hard to really know a scam project and even those that are very smart are still falling for scam. If you even see binance, you will know that the guy behind the project is a very intelligent guy with all the concept he has been coming up with which absolutely means that all the people he will attract to be working with him as a team are actually people that will also be very smart, but the issue here is that those scammers and hacker are very smart also, and you can see how they won binance by hacking them.

It is because it is getting difficult to identify a scam project that is no making many people to abstain totally from ICO projects thereby even affecting lots of genuine projects also, and they only purchase project that has already been established.

I think it is really hard to develop some ICO projects as of now as we all know the condition of the market itself, it is not so healthy like before let us say way back 2017, almost all ICOs that are being developed are gone successful because there are actually lots of investors that time, I consider that time as golden era with regard to bitcoin because we are all earning at high amount and it is really good. So maybe if we should wait for the right time that the market recovers and every token's prices also rises up in terms of price maybe there is a big possibility that the upcoming ICO's will be healthier again. We should have patience for that to happen and do not panic sell because it can make the market gets worst.

These large prizes are what I really see as the killer of majority of these projects because that is what gives them the power to actually manipulate the market as they like and the thing with their investment is that virtually all investors have the same mentality and mind set about the project, none of them wants to stay for long with the project again, so the moment that the project sees a little increase after they have entered an exchange, they pull their investment out immediately which is because of their lack of trust for the project and the project future.

If projects really want to stop all these dumping instantly, they need to learn to actually control the amount of coin that is being allocated to these investors in the name of giving them huge rewards just to invest in the market.

Lol, there is no need to complain. You should know already that this is the tactic that is being used by every business. I don't think anyone will start a business with the intention to fail unless they are scammers. Anyone who starts a business will always want to succeed and make grow above their competitors, that's how it is. So every project will always give promise to investors that they are going to do better than others, this is the way to get their interest and make them invest.

Imagine them saying that they are not sure if their project is going to be successful, lol, no investor will be ready to invest in a business where the team are unserious individuals without plans to grow. Sorry if the projects you participated in didn't work out, you should continue looking for other projects, that's how it is.

ICO projects are currently very harsh, some people still consider this excess is fraud and bad luck. including the tokens that eventually increased, but still could not contain the fear of everyone about this project. Everything is currently meaningless

Well the demand is getting less and less they have all turned their attention into a more legitimate means of crowdfunding which is IEO and not an IEO from a measly exchange but the popular ones atleast in IEO you have the security of not being scammed. Current ICO project could be really good if they succeed and could deliver what is expected by the community or can turn really bad by becoming an exit scam. It's not meaningless though, people just need to think twice or thrice before even investing without analyzation because that's simply asking for trouble atleast people are more cautious nowaday.

ICOs are currently very precarious. They must develop the product more strongly, not just use their words. Please regain the trust of everyone.

if there is nothing for these developers to go on, the projects that were undeveloped will soon die since there is no contract for these devs, they can just quit any time they want and pass on the project to someone else for the blame. this is what erc projects had done for the crypto market. there is nothing to lose for them. the only way for them to come back again is when bullrun suddenly come.  the projects doing ICO in the last 2 years were not even listed to exchanges and what they are waiting is also the bullrun.

Everything could change in just a matter of second, change is the only thing in this world that is true, and I know how it feels to be promised on but didn't fulfill their promises, just like what the majority said, you are not alone, there is a tons of people who have experienced the same thing that happened to you but guess what, it is the part of our journey as a cryptocurrency user, as a bounty hunter.

This is our victory, because by gaining such horrible experience, it makes us more stronger and more smart than before.