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Author Topic: Worst ICO ever?  (Read 2343 times)
tomasdrr
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December 16, 2016, 08:16:34 AM
 #1

Hey guys,

I am just really wondering what are the worst ICOs you have seen?

Also what defines a terrible ICO for you?

p.s im planning to launch one, so really curious on your opinion Smiley
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December 16, 2016, 08:21:53 AM
 #2

ICOs are terrible overall. The only "successful" ICOs are the ones where devs sell their coins for 100s of BTC and a few holders manage to sell above ICO price as well.

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December 16, 2016, 08:32:14 AM
 #3

A terrible ICO for me is the ICO that fails to manage collecting the minimum of funds and If they do then It's the one that fails to deliver the project they promised at time , If I had to give an example about a bad ICO then I will go with SpectreProject where they even launched a signature campaign for three weeks but that didn't do much , now If we speak about the successful ones then both ICONOMI and ChronoBank are (even though ChronoBank didn't finish yet)

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December 16, 2016, 09:07:16 AM
 #4

Hey guys,

I am just really wondering what are the worst ICOs you have seen?

Also what defines a terrible ICO for you?

p.s im planning to launch one, so really curious on your opinion Smiley
After seeing developing and then launching ordinary altcoins are not working they have decided to make money by other ways like before launching a coin first offering them in ICO, because doing that works very well apparently since greed of people is bigger than their brain.

MASS.
EGAAS.
and pretty much 99.9% all the ICOs.

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December 16, 2016, 10:04:42 AM
 #5

i am not sure about this because for me all ICO have the same opportunity to get succes for long journey and they have a good plan in future but its depend on the devs and the team behind of the ICO. if the devs and the team want to make great history then they will work seriously and will be make many innovation after the ICO is ended and they will make some new movements to attract more investor and member.

but we see now, after the ICO is ended, then the coins is not ready to get survive in the market and we can only see that the ICO is getting down and finally the coin is dead in short time.

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December 16, 2016, 11:08:27 AM
 #6

For me it had to be Prism.

https://bitcointalk.org/index.php?topic=1398402.0

Devs with fake names and fake Linkedin/facebook profiles     [tick]
Copied and pasted white paper                                        [tick]
Self moderated ANN thread where 'dev' prunes dissent         [tick]
Fake escrow account                                                     [tick]
Parallel scam thread on discussion blowing lid after lid          [tick]
'Developer' ran away during 'ICO'                                      [tick]

Oh dear. The difference between a genuine ICO and a scam is like night and day - if only the newbies would read the discussion thread as well as the ANN.  Grin
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December 16, 2016, 12:02:46 PM
 #7

I think it is Decloud ICO ended up been a scam. The team was smart to generate enough interest at first but was so foolish to expose itself by using a cropped image of a bank meeting. Though they still have 200+BTC in their address

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December 16, 2016, 12:10:40 PM
 #8

I think it is Decloud ICO ended up been a scam. The team was smart to generate enough interest at first but was so foolish to expose itself by using a cropped image of a bank meeting. Though they still have 200+BTC in their address
Decloud, Opair, Ebitz.... Those were owning by the fucking Wasserman. Totally the worst ICO ever, and has ended with stealing the investor's money.
But the other shit ICO had made for grab the investor's money also including in the worst ICO too. But I don't know about the definition of good ico with a clear answer.

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December 16, 2016, 07:41:34 PM
 #9

LIR and RISE.
LIR failed hard right before the launch but it actually had a small pump.
RISE never did the same, it's just falling since the launch lol

PS: both had a reasonable amount of bitcoins raised.

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December 16, 2016, 07:57:43 PM
 #10

ICOs which raised massive amounts.  Waves collected like $20 million - will people ever see 100% return?  Probably not.

ICOs which raise anything more than $500,000.  Coins usually do not go up much on CMC.  Even then, you're risking money for a potential 1x-10x return?  Early Bitcoiners saw something like 800,000x return per dollar invested at the beginning.   Another topic but the best ICOs were the ones that collected less than 100 BTC but offered potential.

ICOs for projects which involve pegging.  Pretty much amounts to giving your money away.

ICOs for projects with massive PoWs.  


Of course worst ICOs are the ones where the owners run off with the money and you get nothing.  Cheesy

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December 16, 2016, 08:02:26 PM
 #11

A terrible ICO for me is the ICO that fails to manage collecting the minimum of funds and If they do then It's the one that fails to deliver the project they promised at time , If I had to give an example about a bad ICO then I will go with SpectreProject where they even launched a signature campaign for three weeks but that didn't do much , now If we speak about the successful ones then both ICONOMI and ChronoBank are (even though ChronoBank didn't finish yet)

ICONOMI INVEST 1MILION € IN ADVERTISE AND ALL AROUND TO GET LATER 10! Wink

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December 16, 2016, 10:42:35 PM
 #12

Most ICOs if not all have been a disaster. I couldn't say which was worst.

Ziftrcoin comes to mind as a bad one. I did rhyme zifter with shitter at the beginning and I was right. It was down the shitter coin. They raised something like $900,000.00 via the ICO and godonlyknows how much they dumped after it started trading. This was nothing special. It has proven to be the norm for most ICO coins.

I don't know what became of the ICO funds. Ziftrcoin was bought by another entity. You can't follow the money in crypto so you can guess the rest.

The coin is worthless today. No action. No news. It served its purpose to fleece the funds out of gullible ICO buyers. Save your dough and say no to ICO.

I mined some of this crap last winter for something to do. It was easy mining and heated the house a bit.



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December 16, 2016, 11:48:52 PM
 #13

I think list has the worst ICO ever and as well as the let it ride(devs are not thinking good name for it) for they have one aim for it, to scam people.
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December 16, 2016, 11:53:27 PM
 #14

They're all bad, I agree.  What were the ones that came out last year with signature campaigns that turned out to be total scams?  Wasn't there a Candlecoin and some other one?  I'd say the worst are those types, where they pay users to advertise...and they turn out to be fraudulent.  But asking which is the worst ICO is like asking what was the gnarliest dump you ever took.  They're all pretty much the same, and they're all shitty.


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December 17, 2016, 01:36:50 AM
 #15

The worst ICO would be the largest amount of funds collected from the community and that did not deliver anything useful to that community. By 2020 we will maybe have a good idea of what these are.

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December 17, 2016, 01:43:58 AM
 #16

Ico's i think would be successful depending on it's roadmap, I did joined some ico's and made me good profit...
Though there are worst ico's iv'e joined, for me xmo and rise are one of them....

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December 17, 2016, 02:47:02 AM
 #17

Ico's i think would be successful depending on it's roadmap, I did joined some ico's and made me good profit...
Though there are worst ico's iv'e joined, for me xmo and rise are one of them....
RISE included into the worst too, If you are the bounty hunters and everything was always being good because you get it for free.  Cool Tongue I may think if Lisk was also bad(in my personally). Roll Eyes


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fortunecrypto
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December 17, 2016, 02:55:41 AM
 #18

Hey guys,

I am just really wondering what are the worst ICOs you have seen?

Also what defines a terrible ICO for you?

p.s im planning to launch one, so really curious on your opinion Smiley

The worst ICO I have ever seen is the one run by E-bitz over 1000 Bitcoin has been collected and it was to late before the community finds out that it is a scam coin project headed by wesselman group,the roadmap is to good,investors have not foresee that,and when they see it,it was all too late.



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cengsuwuei
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December 17, 2016, 03:53:43 AM
 #19

I think it is Decloud ICO ended up been a scam. The team was smart to generate enough interest at first but was so foolish to expose itself by using a cropped image of a bank meeting. Though they still have 200+BTC in their address

decloud is very long time project in scam
decloud not use escrow or fake escrow not reputable escrow

so all people is want buy ico selling must use escrow

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December 17, 2016, 04:04:42 AM
 #20

Hey guys,

I am just really wondering what are the worst ICOs you have seen?

Also what defines a terrible ICO for you?

p.s im planning to launch one, so really curious on your opinion Smiley
After seeing developing and then launching ordinary altcoins are not working they have decided to make money by other ways like before launching a coin first offering them in ICO, because doing that works very well apparently since greed of people is bigger than their brain.

MASS.
EGAAS.
and pretty much 99.9% all the ICOs.
I will agree on Mass,people who invested on their ICO are disappointed in the distribution and all the promoters those who are into signature campaign,hasn't gotten their rewards yet,even though the ICO was finish two weeks and the dev is not updating the thread,totally ignoring all question both from investors and promoters.

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