80% of ICOs are Scams

[prashanta]

I agree that the general public of ICO scam, but I do no longer dare to declare in percentage figures. once in a while people give special insights to the time period rip-off. a few human beings say that the definition of a scam is a venture that does not distribute tokens after the achievement of ICO. i'm running on this subject for some time now and every so often I had a virtually awful enjoy with some structures which might be making mess on the crypto market and very few of the them have qualitatively created techniques

[irenegaming]

Actually make that more than 90% of ICOs. As even if they are not scams most of them are ending up failing. ICO was a lucrative and high return market till last year. But now that whole market is filled with scams and projects which are launched to grab as much money as they can and leaving. Its like Gold rush.

[Babayan]

Actually make that more than 90% of ICOs. As even if they are not scams most of them are ending up failing. ICO was a lucrative and high return market till last year. But now that whole market is filled with scams and projects which are launched to grab as much money as they can and leaving. Its like Gold rush.

But not recieving the HardCap doesnt mean that the project is scam. It is so difficult right now to reach hardcap because of market conditions.

[Black_fox]

I think that 80% is very much! In my experience, somewhere 50%, not more! Just carefully choose ICO!Still many  ICO put a stick in the wheel!

[Alohadanc3]

Yeah this days many ICOs are scam.That don't mean that all icos are scam cause there is many ico which is providing good ideas among us.And they really want to do something good.But yeah some icon come for scam.They take money and gone.Anf there is one more type of ico who gave us the dream but they don't do the project perfectly so they failed and gone.So be careful when you invest.

[Baronggot]

I don't really know what's the exact percent of ICOs that are just scams these days but per experience, it may be correct and i've been into different bounty campaign from ICOs that turned to be a scam midway through the token sale. Even though i am just participating in social media campaign, i feel like i really wasted my time and effort to a scam ICO.

[Aristus]

This will continue to grow as we all know the crypto currency is becoming more and more popular, and since people want to get easy money they want to involve in crypto currency as it is answering the people's demand withal bonus of being decentralized and anonymous record for the investors. But the good thing facebook is minimizing it by banning crypto currency add this can reduce the scam promotion.

[love.prettygirlc3]

This is really a very terrible statistics that continues to move further in this direction and no one wants to create anything to change this, even the SEC that integrated KYC AML can not in any way affect this scam.

[itrade777]

Yes majority of the ICO nowadays is scam and hype only. That is why you should check the ICO review by ICO experts on the website. Also if you feel the project will progress please do review their white paper, the team behind to develop the project, and more importantly the purpose of the coin or token to the world.

[djscreem01]

I think so.
We can be cheaten by others if we are not careful enough.
We need to make enough research while we do the the investment.
The more careful we are, the better we will be.
Just do the right thing.

[sword024]

Totally agree with you. ICO is a hype. Earning on this is a short-term prospect. To invest in long term in a new project that does not have a finished product - the top of carelessness. Top coins - there is a top. These coins are likely to grow in a growing market. Therefore, it is better for me to invest in them

[rltim555]

Exactly, during last half a year I noticed that even sucessfull ICOs are turning into scams.
This  underlines fact, that you have to select ICO properly and what is more, you can't predict outcome.

[organelles]

It unfortunate, but you might just be right, most ICOs in the recent past are nothing but scams., most of them so well planned that its almost impossible to notice that they are good for nothing, This has been one of the major reasons as to why most have exited or even given up on ICOs, its however our duty to carryout exhaustive research before committing out monies to ICOs to avoid being fraud victims, for if you are not careful, you will be scammed out of your money and there is nothing you can do to get them back

[Kirmalew]

It may not  become that  time-consuming to reveal a non-legit ITO, simply check the members considering their public backgrounds meticulously and decide if these look authentic.

[lashd08127hh]

The ICO project is indeed a lot of fraudsters. Investment needs to be cautious. After seeing some of my friends investing in fraud, I have lost confidence in the ICO market. Now I only invest in buying and selling cryptocurrencies! It is best for beginners not to blindly invest, and the risk is great!

[LankaJay]

Yes, true. in these days I think over 90% are scam. Also most of the projects fail without reaching even their softcap. I think this is due to the current market condition.

[saulzaents]

Unfortunately, recent projects have been scam. they only do it to collect money. This is a very bad situation for this ecosystem

[InfiniteGrim]

I do not see anything surprising in these figures. many people think that it is very easy to create projects and I will not be interesting to everyone to make money. in fact, not so. many just try to trick people into making money on it.

[hoanglann0990]

The details of the report are scaring,81 percent is a lot to be scam.The proliferation of ICOs makes it a bit more  difficult to know the right project to invest in.One thing is clear however:we cannot over-emphasize the importance of DYOR (Doing your own research)before buying into any project.

[Cokodi]

indeed, most of ICO are fake, but they will soon have to make a more harder set of rules for ICO, which should reduce the number of scams