Over 90% of ICOs are a scam

[senin]

This figure is actually much exaggerated. How many I participate in ICO signatures companies, I can say that in my practice of fraudulent ICO projects there were not more than a quarter. A certain part of the received tokens for a while is lifeless and not even traded on the market, but if you are interested in projects, you can see that many of them are doing a solid job on
perspective. Just need to have patience and not make premature conclusions. Our tokens can not develop as quickly as we want.

[Tuturtinular]

Yep, most of blockchain projects are scams and conduct crowd sales only for money collecting. I am really looking forward to the judicial proceedings and criminal penalties for dishonest and cheating devs.

Not all projects are scams we have seen there are many other projects which has a capable team for their roadmap development and that's why we have to be very careful when dealing with the ICO's. So choosing the right project will always help us to find good potential developments.

Actually we can reduce the risk of losing our money from the many scam projects that are currently running and actually we only need to learn how to analyze well about the characteristics of scam.

[Saint1990]

Yes 90% of the ICOs are scam and copy paste concept of the project but still peoples fall into their trap. We need some regulatory bodies on international level from which new ICOs have to take approval before launching their token sale in the market. See the recent scam project like savedroid, IONCHAIN etc they took the hard earned money of the investors and ran away.

[Cangkeman Wae]

That being said, not being selective in choosing ICO will make us regret because many ICOs are scam, I have also been hit by scams several times or the project has not reached the softcap, and according to their promise they will refund but until now I have not received the ETH I invested. Beware.

[haruna69]

most of ico fail to deliver their promisses
they might have awesome design website
promotion, etc
but all they want is just collect money and enjoy the holiday

[a_no_nim_news]

The percentage of Scam ICO projects is really very high, but I don't think it reaches such a big figure. I don't know the exact statistics.

[Bohdan98]

I think that ico will be successful only when the project is will be needed by society. so my choice fell on the project Tradelize, if you have not heard about it, then I advise you to get acquainted and you will understand why I think so.

[olumyd]

People get rekt as a result of the difficulty in maintaining a clear objective when investing. I personally find it uninteresting investing in projects without an MVP. Their plan or development roadmap may be solid, but without an MPV, it makes the whole project look like a sham until proven otherwise. So I got in on MFX and waiting for the development of their mainnet. My target is to own one of their masternodes. Currently, it's just 75k MFX and all set to go.

How much is 75k of their tokens/coins in $ or ETH? I'm also looking for a project with masternodes, but most of them don't seem very impresive to me, though the whole concept of masternodes is amazing.

Sorry I meant 76.5k MFX will get a masternode

Here's the math,

Currently,
1 ETH = 10,150 MFX

76.5k / 10,150 MFX =  7.5369 ETH

at the current price of $362/ETH

It'll cost you
Approx. => $ 2,728.37


That's some cheap entry point you know. And at the risk of shilling, this coin has quite a potential especially with their newfound partnership with Credits CS, Zagg protocol. They are also a member of the Komorebi alliance founded by Ingot - currently in their main sale phase of their TGE having crossed their soft cap by 8.1% (actually raised 40 million in presale).

PS: Mfchain has also achieved their soft cap.

[bandungan]

most of IO is a scam, they ico only give interesting offerers at the beginning of ico but after ico is finished they don't care and tend to let the ico. so I think we have to be careful of ico so as not to get stuck on a scam ico.

[whiteblue]

Yeah i agree with you .. i can see if their ico not escrow you must carefully .. and if you want join ico you must see their ico reached softcap or not so you will get a little risk but you must always follow their official media ..

[silvia76]

I agree that 93% of ICO work dishonestly. Sometimes it seems to me that the percentage of the deceiver is much higher than 93%.

[Markperop]

I agree that 93% of ICO work dishonestly. Sometimes it seems to me that the percentage of the deceiver is much higher than 93%.

The matter is that you unite not only fraudulent projects, but also projects in which the team does not have sufficient forces for the development of the company, and also do not take into account the fact that during the ico of the company very low activity has investors. This also has a negative impact on the development of the project.

[moneymake2]

I think not 90, but 40%. 90% is a very much. I know a lot of ICO that did what they said.

[Abeleez]

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 .....

I don't think the situation is that bad although a sizeable percentage of Icos are not real but I think it's something around 50 percent and not 90 percent as you said. As the cryptocurrency world matures, such issues of fake Icos will be addressed with time. So, just be patient and keep an eye on what is happening.

[real eyes realize]

I think participatin in an ICO is very risky. While the top coins are giving great chances to make easy buying, I don't think investing in ICOs is reasonable in this period.

[tabas]

I think not 90, but 40%. 90% is a very much. I know a lot of ICO that did what they said.

90% is an ideal percentage there's a lot of ICOs that are scam today. And if you think that it's only 40% you can take a look and analyze on how many of them are dead and scams.
What are those projects that followed what they've said, good for you but not for others.

[richeesee]

Thats why i always told everyone to do your own research. I repeat it, do your own research, not do another people research at twitter, youtube, telegram, or many social media. If you do your own research, you will learn how to make smart investment and you will not get scammy by poor people who create scam ICO and scam project.

[GreatArkansas]

Agree, specially those ICO that are based on ERC20. Most of them are theft , they jsut want to take and run the money of every investors, I hope this kind of problem will be lessen, because most of the victims on that case are the newbies, those people who are just starting in crypto. How sad is that.

[CafeCoinICO]

Hey ciacio84,

It is pretty upsetting how many ICO's are scams but I think the best advice is the same advice that is passed around these forums everyday: do lots of research and really investigate the team. Most of the projects that are scams are by untrustworthy teams who do not demonstrate their commitment to the project.

Best,
CafeCoin
https://cafe-coin.com/

[Ngewex Yuk]

Agree, specially those ICO that are based on ERC20. Most of them are theft , they jsut want to take and run the money of every investors, I hope this kind of problem will be lessen, because most of the victims on that case are the newbies, those people who are just starting in crypto. How sad is that.

Most ICOs projects are currently based on ERC-20, with so many scam cases, we have to be vigilant, many scam projects certainly make many people disappointed and traumatized, they will never return to crypto because they feel that all projects are scams.