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Author Topic: ICOs are a legit or Scam?  (Read 32134 times)
SurveyExpert
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August 03, 2018, 03:02:51 PM
 #1161

Interesting question,
I think answer depends on what is legit and how do you define something legit. If by using word "legit" you are referring to laws and regulations, then yes, they probably are. (There are a lot of regulations and industry is evolving). However, if you are asking this question like is it a good way of raising money? Then I can say yes and no at the same time. There are a lot venture capitals which can invest same amounts with more side benefits like networking.
An0nyMoose
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August 04, 2018, 12:21:38 PM
 #1162

Just as there are legit icos you should also keep in mind that there are a lot of scam icos out there too. But nowadays, it does seem like the number of scam icos now outweighs the number of the legit icos which is a sad reality if you ask me. That is why it is important to do adequate research into a project before you decide to put money into the ico.

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makerst
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August 04, 2018, 12:23:17 PM
 #1163

There is so many ICO'S that are poping up anywhere this days and some of them have proven to be great and legit and some other's are scam that people are exposing here on bitcoin.
Yes, unfortunately this is today a big problem that needs to be addressed, but still there is experience today and I think and I hope that people will soon find a solution to this situation.
SantiagoEmz
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August 04, 2018, 12:28:31 PM
 #1164

Choosing ico where to invest needs more thing to do. Like researching about the project and about the people behind that ico. There are some ico that are scam and there also ico that is legit. We just need to become smart in choosing the legit ico. Read and research.

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August 04, 2018, 12:31:59 PM
 #1165

If the owners of ICO coins are legit owners and not paid actors to act like an CEO. If the business model is really doing something good or if the ICO can be seen in community outreach. Then I can say this ICO is a legit one.

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.
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August 04, 2018, 02:20:23 PM
 #1166

True, but in order for us to know if a certain is ICO is legit, we have to make our own research, we should not only based on decision on the
opinion of others especially those we called expert but it's our job to verify any relevant statement we hear and read.
If the owners of ICO coins are legit owners and not paid actors to act like an CEO. If the business model is really doing something good or if the ICO can be seen in community outreach. Then I can say this ICO is a legit one.

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.

WiiD
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August 04, 2018, 02:44:09 PM
 #1167

In this market it is very difficult to determine fraud or not. Pay attention to the project itself and how the team performs the set goals. There is an even simpler way to invest, after the coin has been released to the stock exchange.
Pocimw
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August 04, 2018, 03:09:37 PM
 #1168

The vast majority of the ICO's are tricks yet its difficult to decided them one by one , few of them are legits . In the event that you need to put resources into a decent ICO , you should make an exploration for it. Read their whitepaper , guides assuming any. What's more, the objective of that ICO later on when its at long last began.
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August 04, 2018, 03:17:05 PM
 #1169

now many ICO projects are scam, the project is made only for personal gain. if you want to invest it is better to study and analyze the project first. starting from the whitepaper, project objectives, and the team working on the project.
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August 04, 2018, 03:19:33 PM
 #1170

I didnt see any real project what they was promising. I hope some of them will achive some missions then some new people can join crypto world. crypto world needs to real big news.
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August 04, 2018, 03:22:04 PM
 #1171

Maybe if the developer that we join is strong or have great partnership and has been verified by the Bench ICO I think the  ICO has the potential and I suggest joining the ICO that has a consistent roadmap in its development and of course bringing quality products not quantity

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August 04, 2018, 03:24:41 PM
 #1172

Choose ico project that their ico token sale program still running and that was have many token sold out at token sale program..look how many partner ico project at their website.

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August 04, 2018, 03:25:09 PM
 #1173

In this market it is very difficult to determine fraud or not. Pay attention to the project itself and how the team performs the set goals. There is an even simpler way to invest, after the coin has been released to the stock exchange.

you right, mate
just learn from the past, how an ICO project can reach the hard cap,? i think its because in the past a lot of project come with a pure idea, and really serious team
but, in nowadays most of them just a copy from the past project idea,, and sometimes become useless in the markets

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August 04, 2018, 03:29:24 PM
 #1174

Sure that there are scams but there are also good ICOs keeping their word and providing you with a great opportunity to get profit without taking a lot of efforts. I think that you should check reviews of people who have taken part in ICO to make sure that it is the reliable one

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August 04, 2018, 03:32:53 PM
 #1175

Well, some ico fully comply with the law , but others as we know to a greater extent for the most part of the Scam
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August 04, 2018, 03:36:16 PM
 #1176

now a days we cant sure about ico's if it scam or not.. because its hard to determine how legitimate the project are. so, i think much better to interact those team members in personally or a live streaming presentation, and also they joining events introducing their platform to the community.
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August 04, 2018, 03:38:22 PM
 #1177

Sure that there are scams but there are also good ICOs keeping their word and providing you with a great opportunity to get profit without taking a lot of efforts. I think that you should check reviews of people who have taken part in ICO to make sure that it is the reliable one
indeed we have to choose the right ico, if not then your struggle is futile,
investing in ico that doesn't have a standard will definitely be very risky, so be careful
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August 04, 2018, 03:39:58 PM
 #1178

now a days we cant sure about ico's if it scam or not.. because its hard to determine how legitimate the project are. so, i think much better to interact those team members in personally or a live streaming presentation, and also they joining events introducing their platform to the community.

Some are legit and most aren't good enough and can end with scam. Investors need to be very carefull when they want to invest on ico. Make own researches to avoid the bad things to happen with our money.
Star_Bucks
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August 04, 2018, 03:43:58 PM
 #1179

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.

We can't determine or know in advance whether an ICO is a scam or not. Even if we are really careful in choosing which ICO to invest, you'll still be able to be scammed. Just like airdrops, ICOs nowadays are very powerful and almost all ICOs are a scam so that's irritating.
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August 04, 2018, 03:49:05 PM
 #1180

There are ICOs that benefit there are also ICOs that are scam. What I found was an average ICO scam, so be careful when choosing an ICO. Check and research to detail about their information.
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