Over 90% of ICOs are a scam

[drogba773]

Last 2 months i have seen many scams.  Vionex was the best scam ever!

[Hatat]

Last 2 months i have seen many scams.  Vionex was the best scam ever!

Why is it called best scam?

[kateycoin]

The founder of ETHEREUM said that over 90% of ICOs are scams. By participating in an ICO, you give your money to a project that probably will never happen. Every day a new ICO comes out ... but what surprises me is that many people invest their savings in these very high risk projects. I think it is much better to invest in real projects already listed on the stock exchange .... of which you know everything well ... For example, BANKERA looks like an ICO scam .....

Not all ico is scam many of ICO coin have a good project we just need to obser've it and research it deeply so we  know if this project will be scam or it will be successful like other project that will rock the crypto market.

[Thiekungan]

If you say that 90% of ICO is a scam I guess you are not true because there are still many ICO that I think still has the potential for greater success. I say this based on what I had ever experienced, and until recently many people have money because of the result of investment projects of ICO.

[johanesrobin]

sad, this is a serious risk.
ICO is growing very fast but not balanced with quality, and consequently everyone is able to make ICO scams and they just collect money then go.

[Yusuf77]

With 90% of the total, I think only 80% are phishing scams. In my opinion, I should focus on analyzing projects and focusing on community analysis, maybe in the near future. ICO scams will be veiled by the community.

Making easy projecks and ambitions of those who want to harm everyone who makes them malakukan all ways to get the benefits

[Fittinya12]

This is a situation that is alerting many regulatory authorities due to the large number of scams that are occurring due to this disruptive business model, in addition to the permanent suspicions of money laundering that continually emerge against

[divowok]

Yes you're right, so is Vitalik.
ETH will always be necessary for several things, so don't worry too much. Look at ETH as the gateway into new projects.
If you've got extra eth laying around i would absolutely look into some awesome ICOs like these.

OPP Open Wifi is a community-driven service with the sole purpose of creating a global, free to access open WiFi hotspot network and rewarding each contributor for being a part of their cause.

Daostack IO powers decentralized companies, funds and markets to make fast and innovative decisions at scale. Basically an operating system for collective intelligence.

Deedcoin is a cryptocurrency that will simplify real estate. Deedcoin customers use DEED to decide what to pay in commission costs when purchasing or selling a home, lowering the traditional 6% fee to 1%.

[cunguks]

I don't know the exact data of the ICO scam, but I can say that today, the ICO scam is just too much. I don't say that there are no good and success ICOs, of couse there are some of them. However, many people had been dissappointed because of this issue. And the funny thing is ICO still attracted people attentions. I hope there is a decrease of the scam ICO so that people look cryptocurrency in a good way at this age.

[Vlad2255]

I often look at rating sites and often there I see an obvious scam. At the same time, there are investors who manage to invest their money in these terrible projects. This is all very worrying, since it adds a negative opinion of people and the market of crypto-currencies.

[go4crypto]

With so many ICOs out there, some are going to be mediocre or scams but I think the number is much lower than 90%. There is a good upcoming ICO project like EOT (EON Protocol) that has a great team. See its website in my signature for details.

[xlm19877]

my own particular experience as an individual from the abundance, I can state that this announcement resembles reality. A portion of the con artists don't survive even before the finish of the abundance, some are uncovered promptly after the culmination of the Ico, some may indicate nonexistent movement for a while, if not years ...

[meikelcoin]

There are so many scams in the ICO market. That is very obvious. We can even see it very clearly in the Announcement section here in this forum. You can tell right there and then that an ICO is a scam if there are no responses to the very valid questions asked by potential investors. Well, ICO investors should know about this reality and in investing they accept all the risks involved.

[Pajdo]

Is that for real? 90% of ICO is scam? i think it is too exaggerated. Anyway risking an investment in an ICOs are higher compared to a already established coin project in a market. But together with high risk it also has big chance of getting higher profit. So it is one of the reason why there are still many people invest in ICO despite of chances of getting scammed.

[icegeekfresh]

I'm thinking like this also, they are just collecting money and doing nothing we can see hundreds of samples this types project and team, they all will go under at the future.

[Dewisar]

I think not 90% of ICO is scam, of you pick ICO and review carefully its can minimalize your risks.

[GeorgeGriffin]

Over the last month I invested in 5 ICO projects. One project turned out to be a scam, the rest in good profits. It is very important to have a good project analysis for your investments. Because the market even now has good and promising projects.

[ololajulo]

Most study report I saw said 80% not 90% scam rate. This was posted on more than 3 cryptocurrency news websites. At least one of the news was within the university environment in the USA.My only concern about the news was that some of the so called successful ICO after getting on exchange still failed. some scam ICO eg bitconnect still got on exchange and was not considered in the study.

[DianaZher3]

In fact, this figure is very exaggerated and specifically frightens people. It is better to conduct a study and see how many qualitative ISO projects have failed. I think after such an investigation the figure will not exceed 20%.

[frausoft]

I agree that 90% of ICO work dishonestly. Sometimes it seems to me that the percentage of the deceiver is much higher than 90%.