Are ICOs scam?

[Seeker#9]

Some ico might be scams and used it to acquire money. Few countries are already banned or regulates ico.

[Creating N Action]

Almost ICOs are scam and it is depends on the number of members who participated in. More members in an ICOs are surely real and not scam. But be sure that the ICOs you want to enter is not scam by research and know the whitepapers and also the founders and participants in making projects. If you joined in a real ICOs you must do in your projects properly.

[MiBambino]

Selecting ICOs is easy. But checking and finding out the real purpose is difficult. All you have to do is find out who has established and where they are based. Not by the amount of money they have raised the base so they can not say they are scam

A quick linkedin search is often enough to determine whether or not they're a real business. Next, social media profiles give away a lot, an inactive team is a team not commited to their cause. Third, is the project possible? A project offering trips to mars is a scam, but a project trying to bring banking into the cryptoworld (Change, TenX, ...) is possible, so it's likely not a scam. Last, do they have backing from big names like vitalik? Going through a long checklist often protects you from harm

[Jeanrogerrabite]

Selecting ICOs is easy. But checking and finding out the real purpose is difficult. All you have to do is find out who has established and where they are based. Not by the amount of money they have raised the base so they can not say they are scam

A quick linkedin search is often enough to determine whether or not they're a real business. Next, social media profiles give away a lot, an inactive team is a team not commited to their cause. Third, is the project possible? A project offering trips to mars is a scam, but a project trying to bring banking into the cryptoworld (Change, TenX, ...) is possible, so it's likely not a scam. Last, do they have backing from big names like vitalik? Going through a long checklist often protects you from harm

We can have bad surprises iota, EOS, tenX, Monaco, status, etc : many projects look big but they can be potentially a scam I think.

[Kolokoy]

Not all Of them and there are lots ICOs that are actually legitimate. For me, the first thing that I can say that ICO is real is when the manager rank is high like Full Member or higher. I noticed some ICOs that were started with Newbies and Junior Members so that's why somebody will place red tags in most cases.

[MP4]

ICOs are not known as scam at all. It is true that some of them have been scammers. The problem is that 95% ICOs will be screw up in the future cuz there are too many of them.

[lukmankhan25]

before you follow an ICO, you should first check the details, and if you have no doubt continue. but if still doubt better don't

[Hesaplar]

ICOs are not known as scam at all. It is true that some of them have been scammers. The problem is that 95% ICOs will be screw up in the future cuz there are too many of them.

Most ICO's are run by scammers so that's not a wrong assumption. Maybe only %5 of ICO's are really legit and only %1 of them work as the same way when they collect money for their crowdfunding. You can see good projects suffering to collect money and bad projects making hardcap easily. That's mainly because of money laundering. For example check out Bancor, Change etc. you'll see how they collect money.

[kaeluxdeuz]

Not all ICO's are scams, but some say 90% are - and since its a new way to make money these days, caution must be taken!

[ramsdaj28]

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

You can't say that an ICO is scam or not unless the project starts. ICO (Initial Coins Offering) is the first step of these companies who want to offer their product to people. During that time, they are trying to evaluate how people patronize their project/coin/offers. If there are a lot of people joining the ICO, then the tendency is that the project will be successful. On the other hand, some ICO don't succeed, thus, forcing the company to close after some time. But still, you need to take risk to become successful, too. No one gain without any risk. That's what cryptocurrency world is all about.

[Singbatak]

Not all ICOs are scams. There is also legit. But ICOs are actually scams and even say they are big enough to be raised and sold token It's hard to trust anymore. So we should study the best of our ICOs so we can not go to the wrong ICO. We know that the price of bitcoins is high and certainly many bad guys will make a way to steal our hard-earned money.

[Anchor867]

this may  depend on the person which point of view he will use because ICO can be a scam and also not but if you go to the certain ICO without knowing the purpose of that coin you will lose some time and hardwork so I prefer doing some research

[Euroda]

yes it can because there are some ICO that really scam and there are some scam that i join posting for a week then suddenly posting that there is a problem and etc and lastly there some ICO there are some ico that is not a scam

[ryjin1007]

Some ICO's are legit and some are not you need to take time observing them if actives, reading their whitepapers if their project is more reasonable that can convince people to invest and wait the website to ensure the project is alive and healthy

[johnsaributua]

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

I think it depends on the project and the developer policy. Although ICO's achievements are few, but if the project can run at a small cost, usually the project will continue. Like minexcoin, they only managed to collect less than 300 BTC, but the project continues, and now the coins are pretty good.
Another option if at a small cost is not enough to run the project, usually will held ICO Phase II or extend ICO date, but it all depends on the policy of the development team.

[Specialforce]

no there some ICO that are not scam but we should now how to do a little a research and also a little asking from your crypto world friend because some of the do a little bit of research and there are some risk takers

[RushKing]

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

[KwizatzHaderach]

Not necessarily, a lot are though, ICOs are crowdfunding events to source funds for blockchain projects.
It's like betting on stocks but with a lot more risk as blockchain is still not mature.

Per Vitalik, 90% of ICOs will fail, but some that will survive will surely take us to the moon.
The upside for ICOs are we normal people can get returns previously only big investors can have.

[Dile91]

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.

[webelong]

Different projects,different ICO's.We can never tell a good one from a bad one.Some are has good preface but on the contrary will just lead to scam people and leave them hanging.I cannot say that all are good but I cannot also say that they are not scammers.