80% of ICOs are Scams

[Convery]

It seems to me that now this figure is approximately in this range. I was completely disappointed in ICO. There are no reliable at all.

I don´t think so, why still many people and big investors are investing into ICOs? Because still they profit on it!
Maybe you are choosing bad ICOs or you didn´t get the biggest deal for the firstcomers. So try to find ICO which will give you the best offer and you will be able to buy token for the lowest possible price!

But I have really good ICO for you! EON - Entertainment Open Network Protocol - next big think!

[hamlong99]

I agree with you that there are so many scam icos in the crypto community recently but there are certainly still some good and genuine ones. It only require a lot of patience and research work to be done when searching for one to invest in to avoid being scammed.

[standards]

There should be more than 90% projects that can be called scams.
Most of the 'good' projects were scams when they were created.
What makes them successful is because the team make good use of the fund they got.

[fosco333]

There are many scam ICOs indeed, but if you do your own diligence, you will find a good promising ICO.
Not a scam or ponzi or something that can rob your money later.
There are only a few good ICO you can follow, and from my opinion, EON Protocol is one of the good ICO to participate.

[qomariah95]

It can not be said 80% ICO scam. Because most ICO I think success. And just a little scam. Very many very good ICO and ended successfully. can not you say 80% ICO scam.

[deviltasha]

Yes this is sad fact, which harms the cripto industry very much, good projects have no chance to survive as the investors are suspicious. I think the whole community should fight against scams, especially this comes to the rating platforms, they should have realistic rates and not paid. I like www.icoguide.com in this regard, the page is developing and new, but it tries to have real scores.

[jr.coastapps]

I think it's not true. At least 50 percent ICO's are scams otherwise some of them are true.

[Kristina3456]

The percentage just comes as a shock. Scammers create a fake website and use their knowledge and skills to trick people who are not very well versed in the crypto industry. We just need to get better at figuring it out and not go at them.

[maro101]

Now investing in ico is a huge risk. Unfortunately, a lot of scam projects have appeared recently and this has a negative impact on projects that have good ideas and could become useful for the society in the future.

[INNOVATIVE BIORESEARCH]

Now investing in ico is a huge risk. Unfortunately, a lot of scam projects have appeared recently and this has a negative impact on projects that have good ideas and could become useful for the society in the future.

It is entirely your fault if you choose to support scam projects and not legit projects.

[ethergod]

I agree. The message to do your own due diligence cannot be emphasized enough. I would say 90 percent of ICOs are scams or ultimately worthless. The days of getting rich from randomly picking ICOs are long gone. It's time to pick coins with strong teams and products.

[babsjoe]

I do not think this statement is true. You can not label the whole ecosystem of ICO that people spend years to develop their project and many investors having understood the project invest their hard earn fund into these projects!

[pekcoin01]

You're right.
Too many scam ICOs started to emerge. 80% of ICOs on the market are scam. However, 5% is making good money.
Good research is needed to get into a solid ICO.

[Prosperityforall]

I've analysed all ICOs I participated or noticed for last half a year and just all of them besides Merculet, Egretia, Libra Credit are in deep loss. My conclusion is that it is better invest in hype projects with low cap and small allocation,when project is gonna hit exchanges within a week-month after ICO

[INNOVATIVE BIORESEARCH]

I agree. The message to do your own due diligence cannot be emphasized enough. I would say 90 percent of ICOs are scams or ultimately worthless. The days of getting rich from randomly picking ICOs are long gone. It's time to pick coins with strong teams and products.

Let me ask you something. Do you even pay attention to legit projects? The problem is, legit projects are buried under the tremendous amount of scam projects. And I am baffled by how many people invest in scamcoins because their don't do their research. Now, just a few points about our project that make it clear it's something solid and legit.

1)We reached 99k+ members in our Telegram group and we had to create a second group because our community was expanding too fast, and our goal is to reach a 200K Telegram community. None of the other ICOs has a 200k Telegram community.

https://t.me/innovativebioresearch
https://t.me/innbc


2)We made a partnership with the French electronic giant Archos (https://www.archos.com) for their Crypto devices.
https://www.archos.com/corporate/press/press_releases/EN_PR_ARCHOS_Innovative_Bioresearch_20180709.pdf
They would never partner with us if we were not legit.

Best,
Innovative Bioresearch Team
https://www.innovativebioresearch.com/pre-ico

[Diamond_Darrell]

I'm always interested in the question - from where does such an exact figure of 80 ?? You can say - "more than half" or "more than two-thirds >2/3".

[XCryptoFund]

Many ICO's are just hype. They spend money in getting a good site and building hype around it and after collecting huge sums of money, they never bother about developing the actual product. That's why we need to be more careful when selecting an ICO

[bellaayu]

I think it's wrong if you say 80% of ICO is a fraud. For this, I follow the ICO project running smoothly and I get the results of my coins to promote the ICO. And as a result, there is a lot there is also a bit, of course, it all depends on the market condition and the developing team.

[lukekage]

Well it depends on the type of ICO. When real persons are behind the ICO's, it decreases the chance of frauds by 90% because everyone deserves respect. There are rare chances that someone takes away money of the people and ruins his/her own social media presence or internet life. Thus, i suggest you to believe in legit ICO's.

[AndronBelikoFF]

The author is the captain of the evidence? Well, in fact, not even 80%, but 95%. By and large, even those coins that are now worth something in the end will not be needed by anyone and will not reach the stage of the finished product.