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Author Topic: List of ICOs that were definitely SCAMS  (Read 1160 times)
danmoris (OP)
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September 20, 2017, 01:17:09 PM
 #1

Please add below, alt coins / ICOs that were proven to be scams.
I believe that this list will help all members avoid being scummed by simply studying these, always keeping in mind what they find out whilst looking to invest in a new ICO.
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September 20, 2017, 01:25:01 PM
 #2

I don't follow new ICOs nowadays because it is impossible, it is certain that a lot of ICOs now are just scam or they will fail in the future. It will be bad for investors.
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September 20, 2017, 01:45:42 PM
 #3

looks google form is a good choice.

everyone can submit a scam ICO with some evidences(thread post , btt account profile , website ,wihtepaper ?).

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September 20, 2017, 01:56:22 PM
 #4

Jesus Coin?

There are too many ICOs that don't make sense.  Even the social network ICOs don't make sense.  Why would anyone leave Facebook when they have no issue with Facebook?

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September 20, 2017, 02:07:07 PM
 #5

Who really knows? I believe its too soon to conclude to that? Not even the biggest coins have implemented their milestones.

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September 20, 2017, 02:10:30 PM
 #6

I dare not say that the project is a fraud, but all the people say that the project named one of them is skywev it is a fraud. you can see the thread, and how in your opinion
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September 20, 2017, 02:11:53 PM
 #7

Jesus Coin?

There are too many ICOs that don't make sense.  Even the social network ICOs don't make sense.  Why would anyone leave Facebook when they have no issue with Facebook?

Pretty sure that Jesus coin was created for joke and insult. just like fucktoken long time ago.
by the way, you can simply see their concept and their website, they try to decentralize something that's impossible, doesn't make sense at all. probably will raise fund maximal of 0.1 ETH

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September 20, 2017, 02:13:18 PM
 #8

Please add below, alt coins / ICOs that were proven to be scams.
I believe that this list will help all members avoid being scummed by simply studying these, always keeping in mind what they find out whilst looking to invest in a new ICO.

I don't try to follow ICOs from a scam list, rather than this, I judge them on my own, by looking at their white paper and business papers. This will definitely give me an idea about them. Also, thir team gives us information whether or not the project will be a scam.
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September 20, 2017, 02:15:37 PM
 #9

Jesus Coin?

There are too many ICOs that don't make sense.  Even the social network ICOs don't make sense.  Why would anyone leave Facebook when they have no issue with Facebook?

Smiley) I dont known but Jesus really funny. maybe same with doge coin. But they are doing seriously

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danmoris (OP)
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September 22, 2017, 12:00:25 PM
 #10

Jesus Coin?

There are too many ICOs that don't make sense.  Even the social network ICOs don't make sense.  Why would anyone leave Facebook when they have no issue with Facebook?

Pretty sure that Jesus coin was created for joke and insult. just like fucktoken long time ago.
by the way, you can simply see their concept and their website, they try to decentralize something that's impossible, doesn't make sense at all. probably will raise fund maximal of 0.1 ETH

I tend to agree with Teraboy. It seems that Jesus Coin was indeed created for a laugh, although it's a bad joke. It offers nothing to the world and it's thus completely pointless with nothing to offer to the investor other than a few smiles originally.
It will serve cryptocurrency (money)laundry purposes though...
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September 22, 2017, 12:05:00 PM
 #11

Too many ICOs from corrupt countries:

https://www.transparency.org/news/feature/corruption_perceptions_index_2016

This reminds me of the thousands of phishing scams coming from Nigeria.

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September 22, 2017, 02:17:56 PM
 #12

I think there is no really clear forecast that an ICO is Not a scam.  Some projects that seemed to impossible to work out could be a red flag to investors.  But there are some promising projects that just failed in the end, though their motive is not really to scam,  theres nothing they can do but disappear.
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September 22, 2017, 02:30:44 PM
 #13

Jesus Coin .This project is not aim  to solve a problem in life.I don't think it will fund some money, leave away from it .

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September 22, 2017, 02:37:35 PM
 #14

Jesus Coin?

There are too many ICOs that don't make sense.  Even the social network ICOs don't make sense.  Why would anyone leave Facebook when they have no issue with Facebook?

Pretty sure that Jesus coin was created for joke and insult. just like fucktoken long time ago.
by the way, you can simply see their concept and their website, they try to decentralize something that's impossible, doesn't make sense at all. probably will raise fund maximal of 0.1 ETH

I tend to agree with Teraboy. It seems that Jesus Coin was indeed created for a laugh, although it's a bad joke. It offers nothing to the world and it's thus completely pointless with nothing to offer to the investor other than a few smiles originally.
It will serve cryptocurrency (money)laundry purposes though...

There is a big difference between a scam ICO and a joke ICO. Unfortunately,,, there are some poor people who fall for things like Jesuscoin because of language barrier. I can tell you now that if you told the joke about Jesuscoin or even old ones like Useless Ether Token ICO, they would not get it. The ICO tag is something that is enough to get them going.

And, no, they do not deserve being scammed. Nobody does, actually.

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September 22, 2017, 02:43:37 PM
 #15

looks google form is a good choice.

everyone can submit a scam ICO with some evidences(thread post , btt account profile , website ,wihtepaper ?).


Well this thing is a good suggestion.List should really be on google form together with all on the informations related on the scam ICO but this thing of compiling all of those scams would really takes time.I dont know if theres someone would able to compile these stuffs and this would really be helpful as a reference for us ICO investors.

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September 22, 2017, 03:08:52 PM
 #16

I'm not sure as well, that all of them are scams. Sometimes I face really ridiculous projects and don't even take them seriously, but then I see how they are attracting more and more investments. Therefore, it's interesting to hear the third party's evaluation, especially different from yours. Thanks for sharing:)
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September 22, 2017, 03:32:31 PM
 #17

I think people throw out the word scam way too quickly these days. Some coins are in fact scams, and some coins will do nothing and you will lose your money despite them having the best intentions. I have seen a bunch of people on this forum say that any premined ICO is a scam and we know that isn't true (although those people are usually holier than thou jerkwads). What it really boils down to is most people lose money because they don't do their research.
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September 22, 2017, 03:44:46 PM
 #18

Lust ICO is definitely a scam. Source: https://bitcointalk.org/index.php?topic=2077842.0

Evidence:
  • several probably hacked or bought bitcointalk accounts talking to each other in announcement thread trying to bury all scam accusation in the pile of low quality posts and boost the post count of thread
  • at least one fake team member profile on official website

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September 22, 2017, 05:48:33 PM
 #19

at http://icorating.com you click on the SCAM button and it shows you a list with possible scams. but there can be more than that icos on the list. always study the white paper and the team behind ico.
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September 22, 2017, 07:22:05 PM
 #20

You are not a real project until someone calls you a Scam. I see daily posts about Eth being a Scam. Once you use a word like that, it doesn't really mean anything. Many businesses fail, so many cryptos will fail, but some will probably make it, and it you are tied to one of those you can make an incredible amount of BTC/money

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