80% of ICOs are Scams

[lamadu3]

I have read statistics yet where it was said that most ICO campaigns collect money without the aim to make business and make investment returning. No need to pay for that otherwise just study the projects closely.https://bitcointalk.org/index.php?topic=4552910.msg41123983#msg41123983

[costgranda]

Yes, I agree that the majority of projects it to skam. Very few projects really as a result realize the idea and technology. And some projects even something won't be tried to be done but only will raise money and all. Therefore it is necessary to choose projects very attentively.

[monineklutak]

Saw this study on twitter... https://twitter.com/Zeex_me/status/978981735101878272

I've seen a lot of people asking about how many legit ICOs there are, so I thought I'd share

Quote from the article: "The study begins by breaking down ICOs into 6 groups: Scam, Failed, Gone Dead, Dwindling, Promising, Successful. “On the basis of the above classification,” they wrote, “we found that approximately 81% of ICO’s were Scams, ~6% Failed, ~5% had Gone Dead, and ~8% went on to trade on a exchange.”

"Scams were defined by researchers as “Any project that expressed availability of [an] ICO investment (through a website publishing, ANN thread, or social media posting with a contribution address), did not have/had no intention of fulfilling project development duties with the funds, and/or was deemed by the community (message boards, website or other online information) to be a scam.”


DYOR people ...

although in fact it is like that but I really do not want to stop and leave crypto and ico because I am sure I will find ico and project that is really good and culminate with success and now I have found it and joined in their bounty

[Psychee]

yes, but the crypto project Socratus you enjoy your honesty

[BeerTanker]

Being honest, Initial Coin Offerings rarely are classic scams. I consider that the authentic squeeze frequently is oftentimes a awful business proposal.

[arbk04]

Yes for sure there are too many scam icos but I think if u make enough research and if u spend time for icos u can understand which one is scam which one is real.

[Tylev]

I do not think that fraudulent ICO projects among all such campaigns become as much as 80 percent. Last year, the failed and fraudulent ICO campaigns were approximately 50 percent mid-year and this percentage increased to 80 by the end of the year. I think that fraudulent ICO projects are actually somewhere from a third to a half of all projects.

[alexhunter54]

If all icos would be successful everyone would invest to icos and no one would make trading. There is point why icos are very profitable they are very risky u can earn too much or u can lose too much.

[Odebowa]

Though not really but there is scam but dont think its upto that,  they just want to prevent the platform from going to Greater height

[Atfirstno]

I think there's more than the 80% that are scams, but the way of finding the right one keeps being the same, researching their team and their social medias, also their whitepaper and overall background.

[minhchi2948]

It is only our responsibility to find out whether some ICO project is worth participating because there are so many fake ones in the market that you do need to spend time and research before joining them.

[uppon]

Yes, I agree with you. ICO makes them profitable at the moment, so they will organize ICO to scam. The benefits of this are blinded by them, so many organizations will conduct ICO scams, which is very unhealthy. Most will fail, we should resist rather than blindly participate

[Akenosi]

Yes you are absolutely right with this, most of their purpose is to scam investors of their hard earned money..... Government rules can stop all this from occurring....

[mwarrior]

Saw this study on twitter... https://twitter.com/Zeex_me/status/978981735101878272

I've seen a lot of people asking about how many legit ICOs there are, so I thought I'd share

Quote from the article: "The study begins by breaking down ICOs into 6 groups: Scam, Failed, Gone Dead, Dwindling, Promising, Successful. “On the basis of the above classification,” they wrote, “we found that approximately 81% of ICO’s were Scams, ~6% Failed, ~5% had Gone Dead, and ~8% went on to trade on a exchange.”

"Scams were defined by researchers as “Any project that expressed availability of [an] ICO investment (through a website publishing, ANN thread, or social media posting with a contribution address), did not have/had no intention of fulfilling project development duties with the funds, and/or was deemed by the community (message boards, website or other online information) to be a scam.”


DYOR people ...

I agree that there have been a lot of fraudulent projects that deceive investors. Unfortunately, it is very difficult to distinguish a real project from scammers. Since in technical documents and on the site you can write anything you want. Investors need to carefully analyze projects

[Cryptokeke]

Well that is true and not true, lots of ICO looks like a scam project but it just fail because it lacks of investors but the majority is scam ICO you cant know if that ICO is a scam or not until the beta has done

[imapd]

 I would better say that 80% of ico's are not successful rather than to say that they are scam, because cameras initially developed project in order to steal your money and decieve you, and there are some of the project who just cannot gather enough money.

[ifightformerkel]

I agree with you, I even think that about 90 percent of the ICO can be attributed to fraud, since among all ICO, there are too many weak projects that are initially issued for no clear purpose.

[suse100]

In fact, probably even 90% of all ICOs are scammers. We can be cheaten by others if we are not careful enough. Very few ICO achieve soft cap. But good, successful projects are also exist.

[rolls89]

There are a many Scam ICO's nowadays which would demotivate people from investing/working on ICO's. The main problem is the decentralisation factor of cryptos. Some checks need to be implemented for checking authenticity of the ICO's

[Frob1992]

I do now not think that there are 80% of the icos this is rip-off because some of them may failed their assignment because they did not have the good marketing capabilities but nevertheless most of them are dispensing the praise after the ico is a hit.