Are ICOs scam?

[dumbtool45]

95% of the ICO is a scam, but there are cool ideas that are already working. It is necessary to wait another 1-2 years and in all countries will begin to regulate this

[georgeforeham]

Really depends.

Research is the most important thing. You have to remember that just because an ICO gets a lot of cash they still need time to make progress, hire staff and build everything.

Most ICO's just have a concept and once the ICO is finished they need to create it.

[Teskje]

ICOs are likely start-ups. Some are bullshit and try to scam people but somes are really potiental and will be success in the future. So investing in ICOs could be consider as gambling.

[MainIbem]

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

You should have asked this question before joining.

Not all ICOs are scam. There are scam ICO and there are very good ICO. You just have to do a due diligence review before joining any.

[payvnn]

In my country there are more than 10 ICO project and more than half are obviously scam. They even go to the country-side and lure greedy but lack knowledger farmer to their pit.

[popolite11]

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)

With the time it is more and more difficult to find ICO that would show investors good results of its work. Whitepapers, whole information about the projects are not supportive in making good investments.

[skullsandbones]

Some can be but some not, and some can be very rewarding also. You just need to do research and review them before joining.

[CryptoChris18]

Yes,  few % of present ICOs are scam or either they are fake. this percentage is increasing day
by day due to formation of new ICOs on the daily basis. you must do lots of research before investing in them.

Real ICO always best for making money within short time

[hicaribou]

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

If the project makes sense and the team is real, then it must be not a scam.
You should do a research for that.

[HappyLocust41]

There may very well be ICOs just meant to steal your money. On the other hand, not all of them are crooks. They just need a bit of research from our end.

[LordDisick]

There are legit ICO and there are also scams. That's why before investing to a particular ICO try to do a research first about the project, read their white paper. Also search about the developer and their team. Its very important to be very carefull all the time so your money won't go to waste.

[kambaralikhan]

Not all ICOs are scam. Well there have been some ICOs in the past who were proved scams. Some bad ICOs can't effect the integrity of the ICOs. ICOs are very important. Before investing in ICO, read the project whitepaper have a detailed understanding of the project and team members integrity. 

[Travel Token]

There some ICO scams, but the most of them are legit. You have to do research about an ICO and decide does it looks
 honestly. That is the way to minimalize risk of get scammed.

[G14tz87]

Most ICOs are scams and most cryptocurrencies (other than Bitcoin, “altcoins”) are shit coins.

[wagi]

The answer is no, ICOs are not scam. ICOs are associated with scams because many projects offering new tokens or coins ended up scams. Some others may not be scams but it failed miserably. Some other devs of projects also ran away whatever gathered through ICOs.

I think also not all ico project are scam. So many good and success project rising.
Because so many ico scam so please be aware before joining. Do own research before.

[Kenassi]

Mainly not. Always are people hungry to your money but mostly people just need money for realisation of their idea

[Evgeniy007]

At the moment it can be difficult to determine the scam project or not. But even if the project is not scammed and it has no goal to raise funds and hide, it does not mean that the 100% project will be profitable.
I think in the new year there will be more control over ISO, and probably less than deliberate scum. And of course, when choosing ISO, you need to learn a lot about the project if you are going to invest in it a solid amount for you. Plus the old rule is not to put all the eggs in one basket, unless of course you're the owner of the project

[kwabeedat]

issues like this greatly depend on the company running the ICOs and the kind of people running it. It will be very difficult for us to determine which is a scam or which is not. But always keep in mind to perform your background checks well before investing your money or else they will scam you.

[gustaf.berg]

The answer is no, ICOs are not scam. ICOs are associated with scams because many projects offering new tokens or coins ended up scams. Some others may not be scams but it failed miserably. Some other devs of projects also ran away whatever gathered through ICOs.

I think also not all ico project are scam. So many good and success project rising.
Because so many ico scam so please be aware before joining. Do own research before.

Of course not all the ICOs are scam. We have witnessed many great project had very successful and profitable ICO process.

If you don't want to be caught by scammers you need to be very careful and do a lot of research about project and team members before you decide to invest for that ICO.

[cherryscarlett]

HHHH, it's perfectly possible that many of the ICO projects are really a money-making game, but even if it's a money-making game, you can still get a good profit, like TRON.