Are ICOs scam?

[qazgroup]

Not all Icos are scam but you have to be very careful before investing, must do your due diligence, even experts in this field do invest often in a failed project, so nothing is 100% in this arena.

[narukami]

Not all of them because there are some good ICO that will reward you and also there bad ICO that will scam you but if you done your own research you can avoid it and also whebever there is a friend in need you can recommend those you research and it is give and take

[sleblanc1469]

ICO is a great way for companies to collect investments. But because this sphere is unregulated investors not protected from hype.

[CookieGums]

all ICO even if they collected a lot of dollars or few. there is a possibility that they will scam your money if they want. but if they already get that much. the manager and the ICO is trusted so there is a low possibility that is a scam.

good luck to your ICO and hope that your investment get a profit.

[steviegboots]

I don't think that all ICO's are scams.

There are some bad ones as with any type of investment. The most important thing is to just do you research and ask questions before investing blindly.

[Synaesthesia]

all ICO even if they collected a lot of dollars or few. there is a possibility that they will scam your money if they want. but if they already get that much. the manager and the ICO is trusted so there is a low possibility that is a scam.

good luck to your ICO and hope that your investment get a profit.

Yes, It is hard to find out the good ICOs and it is also to point out which ICOs is a scam or not. You need much knowledge and a bit luck to choose a right ICO

[Nevzat]

Some of them are scam and some of them are not. You need to be very cautious and picky. Some greedy people are trying to collect people's money and get away with it.

[ObroQ]

There mimght be ICO's that are scams and there might be ICO's that are not that profitable so they look like scams, but sure there are ICO's that are a good investment

[rosalyn07]

Maybe yes but some of them are not scam. The best thing to do is to research and ask who knows more about ICO's so they can teach you and you can invest to the good one.

[olympys]

There are sure scams out there. but remember to research and due diligent checks for our own safety. And sure there are promising ICOs that are good for investments.

[ledu_ico]

Without any proper research you can't know for sure if an ICO is a scam or not, some you can check their website design, if it's crappy and you can't find team details it might be a scam.

Also, check their roadmap if it seems to you reachable, many have HUGE plans without any insurance that they will get even to first step on their roadmap.

[CherRic]

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

That's a risky yet good investment. I think it depends on what ICO you joined. Did you do some background check on it? Have you investigated the ICO? But think positive and i believe it will give you a good profit.

[sakokinak]

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

What is it mean 5-10 mln dollars? Don’t you see clearly how much they have money yet? On my mind it is first necessary thing to have possibility of controlling ICO entrepreneurs and their funds.

[MiBambino]

It's important to assess the:
* team (known scammers or well experienced professionals?)
* possibility of the project (built on an existing platform, or inventing time travel?)
* marketing (active team or updates every 2 months?)
* roadmap (well documented with possible struggles, or 8 pages of vague info?)

If all these seem good, I'd say go for it (I recommend Adbank, they score high on all of the above)

[mayidid]

I heard that there are some ICO scam but of course there are a lot of legit ICO. Some of the coins just fail for some reason. The best thing to do is always research who released the coins. Check what are their plans in the future and how will they differ from the other coins in the market. Research the team that are behind the white paper and see if they are credible. If the idea is solid then I would be contacting people involved to confirm my faith before investing.

[rain3798]

Actually, Not all ICO are scam, It was just alarming that there were so many ICO's out there so we should do which i not a scam. Another one, It becomes scam to think if the ICO or that project fails or if there's no development with project or the dev didn't continue it. If you are going to invest, then have a background check and look for it's roadmap.

[Nagrogflaz]

if ICO is still ongoing and in social media they are still active then chances are that ico is not a scam even though they just collect some money

[K0korap]

Can't be answered by a simple yes or no because it is an investment. It's important to do your research first before investing n any ICO. These campaigns doesn't always succeed.

[RNGfight]

I heard that there are some ICO scam but of course there are a lot of legit ICO. Some of the coins just fail for some reason. The best thing to do is always research who released the coins. Check what are their plans in the future and how will they differ from the other coins in the market. Research the team that are behind the white paper and see if they are credible. If the idea is solid then I would be contacting people involved to confirm my faith before investing.

It should be said that most ICO projects are a scam. They just want to make a lot of money, and then they don't have anything.

[19dimasik77]

Some ICOs are indeed scams. But not always. Some will not be realized, but not always it is stealing money. Investments are always a risk, but you can earn more from such aggressive tools than conservative ones.