Are ICOs scam?

[mfchiro]

Some are from the get go, but others just fail for other reasons. Try to research about it as much as you can. It's a case by case issue.

When researching them, read the white paper carefully, find out who is advising them, who is backing them, who is endorsing them, and how transparent they themselves are in terms of identifying themselves, their background, the team, etc.

All this should boost your confidence in the ICO, although as with all startups the risk(s) are higher, but so are the payouts for the initial investors.

Case in Point:  Look at Latium (LATX).  They have a great concept/idea, will be 'working' the cryptocurrency they are issuing, the more they can circulate the currency that greater value it will have.  Then look who their advisor/endorser is, John McAfree - that's huge!  If he's in and he's endorsing them (I'm sure he's investing in them as well).  So, all this to say that you don't have to get into an ICO on a wing and a prayer, even though there are risks as with all venture capital, still you can mitigate some of the risk by reading as much as you can. 

Here is a link to Latium, the example I cited above:   https://latium.org/welcome/mfchiro  -- will give you an good example of an ICO that is legit. 



   

[1714972194]

1714972194

[1714972194]

1714972194

[madwica]

Not all ico are scam there are legit ico which has great project and their coin is possible to mine and that is my basis looking for legit ico. If the coin are just created and not supported by miner i do not invest on that ico because most of the time they are coin which is scam and that is the coin do not to be support by many investors.

[jagmrx]

Not all ico are scam there are legit ico which has great project and their coin is possible to mine and that is my basis looking for legit ico. If the coin are just created and not supported by miner i do not invest on that ico because most of the time they are coin which is scam and that is the coin do not to be support by many investors.

Not all ICOs are scam, but most of them are scammers. Some ICO actually give us a lot of profit even more than Bitcoin investment. But ICO usually does not always exist and does not always run for long. If you want to follow ICO, do not invest carelessly and you should see testimony from other fellow users. You have to do some research and analysis. Not all ICO scams, and not all ICO generate profit. I myself never participated in ICO, because I was still in doubt. I just invest into Bitcoin only.

[Mary_Swift]

There are so many ICO's
Some are good project's some are scammers , you have to do researches what's good what's not before you invest.read about their white papers , team members.

I can also add that if there are so many different ICOs, than you are in the right to choose one in which you want to invest. There are ICOs that are actually able to make a profit and there are ICO which are scams.

[Dr0idGuru]

Some are scam, but here are my favourites:

  -> Props: https://propsproject.com < supported by YouNow and backed by Union Square Ventures (the same as Kik or Filecoin)

  -> AppCoins: https://appcoins.io < supported by Aptoide and backed by e.Ventures (San Francisco / Germany), Golden Gate Ventures (Singapore) and Gobi VC (China)

Compare them using Google Trends, adding Kin/Kik which ICO is over:
   https://trends.google.pt/trends/explore?q=kik,younow,aptoide

[tazmantasik]

not all ico scam, you have to be careful when participating on ico coins

[Malkazimir]

If you take into account the fact that the companies that run the ICO do not owe you anything, then yes. You do everything on your own. A token is not a stock. There is no legislation. Therefore, huge China banned all the ICO. And if this is considered a lottery, then of course you can make good money.

[yrsat]

i think 90% scam, anf 5% is good project!

[marriams]

Of course they are not all scams  Some are very good projects with bright future. you have just to research properly.

[genesis53]

Not all ICO are scams, there are also good ICOs and you can avoid being one of the victims of a scam by searching and checking the website and the developer's credibility. Search the credentials of these developers and if they have previous experience in doing the project. Transparency of the project is one important factor to consider, ICO is definitely a scam if they have obviously hide something

[boranes]

yes ICO is a scam but it can be avoid do not join the ICO very quick just wait for a week or two see there spreadsheet if it is a legit ICO but if the spreadsheet is not updating bewarned just find another ICO until you feel that ICO is safe and no problem at all

This is very stupid advice.
You can't say that ICO is scam just because someone did or didn't updated bounty spreadsheet.
There are more important things to look at such as team, roadmap and other things, spreadsheet is not one of them.

[mathematical-project]

yes ICO is a scam but it can be avoid do not join the ICO very quick just wait for a week or two see there spreadsheet if it is a legit ICO but if the spreadsheet is not updating bewarned just find another ICO until you feel that ICO is safe and no problem at all

This is very stupid advice.
You can't say that ICO is scam just because someone did or didn't updated bounty spreadsheet.
There are more important things to look at such as team, roadmap and other things, spreadsheet is not one of them.

The table can be faked. Therefore, it is very important to study the project and be able to analyze it in general. It's useless to sit feedback too, because often they are made from fake accounts

[adsdas]

No. there are many ICOs are good projects. You should research carefully. I will introduce you some potential projects to invest. Bitclave, Spectre, Livestars...

[easynote]

I just joined an ICO, is there any possibilities that I will be scammed. They have just collected $5-10 million.

I don't mean to spoil your fun though most ICO's are a scam. There is not much you can do about it other than to not invest in it.

[kharismac999]

I think some ICOs is real. But there are some scam ico. Just becareful. Do with your own risk. Lear more about ICO, before you investing your money.

[wayaneka]

They collected big money already, and ussualy by that amount this project will succes and continue entered to the market. In my opinion many ICO legit now and has working product that uniqe and interesting. Now we should spend more time and doing some research to find it, like learn about purpose of the project, what problem they want to be solved and know in detail basic personality of team founder. 

[Mpamaegbu]

I just joined an ICO, is there any possibilities that I will be scammed. They have just collected $5-10 million.

I have been involved as an investor in a few ICOs and I know there are decent ones out there. Research should profit you OP or any other person going into  ICOs as that woukd enable you sieve through the scamming ICOs. Bitbase just proved it by running away with investors money. Just do your research before investing.

[Flickkk]

i might say the ICO is Scam if you don't qualify in their KYC
even you  joined in their bounty campaign.
and you wont receive the token that you earned in the campaign.

[Jateng]

I just joined an ICO, is there any possibilities that I will be scammed. They have just collected $5-10 million.

We should accept the fact that some ICO are totally a scam. It’s hard to determine whether it’s a good project that will result successful at the end or it’s considered to list of scam project.
We should consider few things before we can invest for some ICO. Better to check the quality of the project, its unique features that other project don’t have. Make some research about the real status and the reputation of team behind the project if it’s real or not.

[sumangs]

Be an observer when an ICO is a scam. It is ok if you are part of bounty campaign. The ones who are greatly affected are those who invest. Those who joined bounty can dumped those coins without investing money. But those who invested money while the ICO is a scam will get negative profit and just burn down their money.