ICOs are a legit or Scam?

[johnny66]

There are plenty ICO's that have legit teams and goals however there are also scams ICO's--like how there's a two sides of everything. We just have to do our due diligence and take extra measures since were investing money. And also as the saying goes: Invest only what you can afford to lose.

firstly when you want to invest in ico you have to be prepared with all the risks that exist, because the risk on ico is not just a scam, many ico are successfully launching and coin they are listed in the exchange but only have a very low price, it is lower than the price buy while still ico, so in addition to avoiding the scam ico you also have to be prepared with all the risks that exist

yes more secure to buy when there is a bonus!

[pitiflin]

Hi Guys,

Im pretty keen to understand more about ICOs and intend to invest in some.
ANY recommended ICOs and any advise how you guys determine whether is it a legit or Scam?

Thanks in advance.

Most icos are shit and basically all they want is to raise as much funds as possible and not to do anything with the money after they get listed, their business wont have recognition and their coins will also soon become shit after they get listed on an exchange because of the dump that people cause.
To go in deep on how icos work and what they really are, I'll recommend you a thread here : 3 types of icos

[itf991]

Unfortunately, most of these ICOs are scam. To find the best pick is a difficult task. Requires a lot of research.  More you get involved the more you learn. Over time you'll more likely identify legit ICOs. Good luck with your journey!

[johnny66]

Unfortunately, most of these ICOs are scam. To find the best pick is a difficult task. Requires a lot of research.  More you get involved the more you learn. Over time you'll more likely identify legit ICOs. Good luck with your journey!

Most of these?  Which ones please

[Michae1k]

every person should have some point that are significant for them in choosing ICO.
my list - 1.Team and it background, 2.Timeline of projects a clearly and easily to understand, 3. Have partnership with fonds or organizations, 4.in WP there is information abt amount of money to each stage, 5. Good support in social media, and good customer service in official resources.
For this reason I choose Confi, https://icobench.com/ico/confideal. Good reputation of project and team, good rating also.and  now they have bounty campaign

[Bitcocoin]

It's hard to tell that ICOs are legit or scam
You have to research very well the project and its back

[johnny66]

It's hard to tell that ICOs are legit or scam
You have to research very well the project and its back

It's hard and it's a concern!

[steveabrahams]

Hi Guys,

Im pretty keen to understand more about ICOs and intend to invest in some.
ANY recommended ICOs and any advise how you guys determine whether is it a legit or Scam?

Thanks in advance.

I usually check their Announcement thread, the whole team and the whitepaper. Fake identity in their team is a sign that the ico will become scam in the end, so choose wisely before you invest your coins on ICOs. Also check if the dev keep answering the question from others in their thread and check the updates too.

[ReLieD]

Most of the ICO's are basically only concerned about their profit rather than consumers experience. They might even take back their words if they find a huge investment and then might even take their money and give some shitty reason and run away. Well there are good ICO's as well who actually work for people , who actually work to solve their customers problems. But there kind of ICO's are very hard to find.

[Yeshualive]

I think there are a number of factors for at least 80% ICO's being a scam.  You can see that in the Confido ICO with thousands of people signed up also only raising 300k dollars and then they simply disappeared. Unfortunately without regularization things like that will keep happening. I am not saying to centralize ICO's, but some rules would be great.

[yannick225]

Many ICOs/token launches lack legitimacy for one of the following reasons:

Some ICOs are outright scams. Their founders are simply cashing in on the absurd amount of dumb money people are throwing into token launches. (The “investors” are often people who missed the boat on bitcoin and ether, and they don’t truly understand the differences between different cryptocurrencies, particularly when it comes to value.)
Some ICOs are illegitimate because they are essentially a solution without a problem — not everything needs a decentralized application with its own currency.

[finvestor]

I totally agree.

There are many related persons promoting their own ICOs, but I recommend to consider these factors before investing and do your own due diligence on the project:

1. Team - is the team capable of doing the product, do they have experience and skill set
2. Market - is there a niche or share of existing market will be made, is the market large.
3. Token model - is there a purpose of the coin, do you think it is useful.
4. ICO structure - how will the funds be used, roadmap available, do they need that much money.

[Prince Malik]

Ther is some ghost ico(scam)

[CaptainKid]

The forum has a lot of information on the ICO topic, how to choose the right project. However, this is not so easy to do, as many projects are designed to attract capital.

[InsightCrypto]

There are a lot of scams around. It's hard to distinguish though but possible if you do more research. Always look for ICO with proven records and an experienced team. Never fall for incredible offers!

[redhack]

Some real ICO's couldn't find enough money to run the project, some just hit their softcap.
Some fake ICO's make hardcap in a few minutes. So collecting money is not an indicator if project is scam or legit.
You can see fake ICO's that collect money, actually laundering money. You can also see legit ICO's that couldn't get recognition from big investors.

[Hamphser]

Some real ICO's couldn't find enough money to run the project, some just hit their softcap.
Some fake ICO's make hardcap in a few minutes. So collecting money is not an indicator if project is scam or legit.
You can see fake ICO's that collect money, actually laundering money. You can also see legit ICO's that couldn't get recognition from big investors.

This is what i observe too which most fake ICO do really reach their hardcap in no time even on pre-sale periods it is being sold out which it can contribute for the project to be hyped up even more when people see that theres soo much interest on that one. Without seeing on the other side which legit ICO's do commonly fail because of lack interest and didnt able to achieve their target funding.This is why ICO now becoming a business not totally on having the aim of new innovation and a great contribution either on online of offline world.

[xsaints128]

Of course ICOs are legit but not all of them. It's because of some bad scam ones, that the whole thing is being called scam by many people. People should always research properly about the project, the team , the roadmap, etc., about the project and not just go in an investing spree and invest in any ICOs you see out there.

[suncokreten]

ICOs are not a scam in sense that they are going to take your money and dissapear the next day.

But the fact is that most of the teams are incompetent, are raising way too much money (at least 5x what they would get in the real world) and 95% of ICOs won't exist after they spend the money they raised in ICO. I suggest you only hold the ICO tokens that have an actual use, a business plan and are able to generate revenues in near future, otherwise it's gonna fail.

[batang_bitcoin]

Thanks to ICO's, most of the countries now are going to regulate bitcoin and other crypto stuffs because of these crowd funding. Most of them are just a profiting tool for the developers that doesn't have really plan of making the project great. Just like what happened to confido, it turned as a scam. So that's why ICO will bring people into some problems just like what are on the news now, gov't sees it as something serious to be regulated.