SCAM ICOs, what we can do?

[ZeeeN]

2018 ICO is over
2019 IEO so hype
2020 IEO almost over
2020-2021 Defi is new hype

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[seoincorporation]

ICO is over, IEO is more safer and better, raising funds through ICO can take a whole year but with IEO sold outs happens in seconds to minutes, the only bad area in IEO crowdfunding is if it's happening on a bad exchange with fake volumes and bad reputations like p2pb2b exchange

Promote IEO is not the right way to end with the ICOs scam, at the end is almost the same thing, people still running with the profit away.

So, the only way to stop them is to stop investing in that kind of business.

[Text]

Let's just say that IEO has replaced the ICO, but that doesn't mean we should trust it all right away. This may have been the solution to end the ICO but it should still be wise to choose only where to buy and invest. Just look there and get information from reliable and reputable sources. It is better to trust the above exchanges such as having high volume and liquidity. And of course, you should also study the token you buy, you should also know what it is used for and its value. Not just because you are trendy.

[umbara ardian]

99% of ICOs are scams, so why are you wasting your time with them? If you know there are so many ICO scams, the easiest way to avoid them is to never invest in an ICO.

[btcholder]

2018 ICO is over
2019 IEO so hype
2020 IEO almost over
2020-2021 Defi is new hype

I guess so. ICO was so interesting event before 2018. After so many fake ICO projects people showed their interest on IEO. But IEO is going down because of so many fake and scam exchanges. Now people finding a new secure platform or way for their investment. Right now Defi is a new hype. Hope Defi make some different than ICO and IEO and make crypto currency more legit.

[shakesbear]

2018 ICO is over
2019 IEO so hype
2020 IEO almost over
2020-2021 Defi is new hype

The main thing is not to miss when the Defi hyip stops, and have time to get out. In my opinion, now there are a many of skam defi projects, be careful.

[elyas772]

Research in more detail about the project including the developer,whitepaper,roadmap and the project team, then avoid it when you see something suspicions about the project.

[cryyppton1]

 i have stopped investing in ICOs a long time ago  for the purpose of scam . i realized alot of the ICOs that came up were scam and i lost some funds.
However, for those still having the guts to invest please make sure you carryout your research. there is nothing you can do to them . Crypto  world is a Decentralized and an unregulated world so you may not be able really sue them or  take any action to get back our money.

[killerfrost]

2018 ICO is over
2019 IEO so hype
2020 IEO almost over
2020-2021 Defi is new hype

I totally agree, Defi is very hot. Very similar to ICOs in 2017 when almost every project received the attention of investors. And in the future there will also be many Defi scam projects and you need to be really careful

[Taufik blackspade team]

I totally agree, Defi is very hot. Very similar to ICOs in 2017 when almost every project received the attention of investors. And in the future there will also be many Defi scam projects and you need to be really careful

You are right. when more and more projects are adopting Dari, I think in the future scammers will certainly be used to benefit. I think it will always be like that. there will be new, but there will also be those who tear it down.

[tyoA7X]

when ICO was scam and you invested in it ,we can only be sincere with all of it don't think about it too often already ordinary experienced  heavy losses in the crypto world just stay optimistic and don't give up

[torrantz]

2018 ICO is over
2019 IEO so hype
2020 IEO almost over
2020-2021 Defi is new hype

I guess so. ICO was so interesting event before 2018. After so many fake ICO projects people showed their interest on IEO. But IEO is going down because of so many fake and scam exchanges. Now people finding a new secure platform or way for their investment. Right now Defi is a new hype. Hope Defi make some different than ICO and IEO and make crypto currency more legit.

Well it was really interesting indeed, ICO before 2018. I think this kind of cycle will go on until we eventually figure out the ultimate solution to solve all the scam problem all for once but just the same as yours, I guess defi will eventually find its end but who knows what's gonna happen in the future.

[Rowenta]

2018 ICO is over
2019 IEO so hype
2020 IEO almost over
2020-2021 Defi is new hype

What do you see that makes you think that IEO is almost over? Because IEO crowdfunding have safe many investors from investing in wrong projects, only investors who don't do research on IEO before investing loses money to scam projects, the secret of IEO is top exchanges

[bitcoin31]

Scam ICO are still many people are investing I don' t know why they do that even they know what is happening to their money.
If we want to stop scammer to create ICO better to not tolerate to investing to that investment because people are also the cause why they do that .We can stop them if we have unity about that we know that is the problem only .

[Casdinyard]

It is hard to say what we can exactly do to those scam ICOs because at the first place, identifying if am ICO is real or a scam one is already a hard task and a much more challenging thing to do. The reason is because even the scammers themselves have already evolve their strategies and way of thinking on how they will execute their plan of creating scam ICOs that will really look to be so real that is why it becomes deceiving to the naked eye looking at it on the first glance and identify it if it is real or a scam one.

I think what we can do here is to help each other out on investigating suspicious ICOs and letting every members of this forum to investigate and spill out if it is a scam or not. In that way, we can lessen the number of victims most specially the newbies that will be victimized by those scam ICOs. That is the only way on how we can somehow control the situation. But it would need to exert effort and time to better identify if an ICO is a scam. But surely it would be worth it and be beneficial for everyone.

[swordking]

Research in more detail about the project including the developer,whitepaper,roadmap and the project team, then avoid it when you see something suspicions about the project.

Exactly, that's the real solution to find it out about the project is a scam or not. If you do research about everything regarding the project which has provided by the team then you will definitely get the idea about the project. Most of the people haven't taken such kind of actions and after that, they'll regret it.