80% of ICOs are Scams

[marcus_v]

It is mportant thing to do research before joining on ICO. Reading on their whitepaper and looking on their developer team is important. Many ICOs scam right now and its happen because competition on cryptomarket is getting high.
You must carefully study each project.

[guffie]

See the concept given and researching about this project is very important. The current growth of the ICO project is great and continues to grow the new ICO are popping up. But there are some problems with the bounty hunter, they must face the ICO project scam. And that makes this agitated the bounty hunter.

[Star_Bucks]

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 ...

We can't deny this truth, because almost all airdrops, especially ICOs nowadays is a scam, same with some bounty campaigns. This is so frustrating, because knowing that all your hardships, effort and time goes to nothing is so saddening. I hope this kind of problem would have a solution.

[bogacola]

For people who have a lot of experience in ICO, they can be selective in choosing ICO, and they can tell which ICOs are real and which are potentially scam ICOs.

[retnoanjani]

His growing ICO growth that scam currently makes the community crypto restless and afraid to follow ICO again. However, although there are many scams, the legitimate ICO also still has a lot, Qualifications in following the ICO is now increasingly made strict rules. If you can get a legitimate ICO of sufficient quality, you will get many benefits.

I think that has something to do with this saturated market situation. Scam projects are sometimes caused by unachievable sales targets, either because of a less realistic project or due to less professional management. Increasingly difficult to determine profitable ICO, ICO rating is no longer a guarantee, many predictions are missed.

[Caelanpelley]

Many people complain about scam projects. Not all projects are fraudulent. Investing in ICOs is very beneficial. You need to know the potential investors and market developments.

[Fayamba]

This argument is quite obvious, especially ICOs of recent days. Almost all the icos i wanted to take part became scam projects. And the funny thing is that those doing it are becoming professionals in it. They sometimes manage to even scam the smart guys.

[stellaekun]

A bit misleading , although the 80 percent still means the investors i those ICOs are never going to get the returns on their investment back.

[Marine8]

Most of the ICOs of these days are actually failing. Most investors dont want to buy at the ico stage because they are afraid people will run away with their money, looking at the way this kind of things are happening. So they prefer to wait and buy it cheaply from bounty hunters when it is listed.

[daniel08]

Most ICO are scams but most ICO also are legit , you must only determined the trusted ICO that you wanted to participate and invest with their project. The ICO that seems to be legit must have their whitepaper , you must read first their whitepaper and their roadmap to understand carefully what was their project is all about , and they must have a good team in their project , a good community to advertise the project and have an active people around it to be successfull in their project.

[Reeas432]

scam ICO is a big problem for traders. it's miles because of such initiatives that the ICO enterprise is going through tough instances. To clear up this problem, it's miles necessary to absolutely change the shape of the ICO.

[sazon84]

In my opinion, in the summer there is generally a decline in the ICO.  Now there are very few good projects.  I think that this is due to the season, as well as to the fall of the market.  During this period, investors are in no hurry to invest in ICO.  And now a lot of fraudulent projects are trying to earn on trust.  But good projects are waiting for the situation on the market to improve.

[dongosquad]

See the concept given and researching about this project is very important. The current growth of the ICO project is great and continues to grow the new ICO are popping up. But there are some problems with the bounty hunter, they must face the ICO project scam. And that makes this agitated the bounty hunter.

Stuck on a scam project is a risk as a bounty hunter. The project scam can be due to unachievable sales targets so the project does not continue, either because the developer team is cheating, etc. Although it has analyzed the project with the maximum, can sometimes miss. So be patient because it's a risk.

[NilaMutac]

Not only 80% but roughly 95% of these ICO projects are scams which is why we need to carefully look for those redflags so that our investments wont be wasted.These people are creating hundreds of scam ICOs for their living they dont care about how other's life would be if they succeeded stealing people's money because we are living in the world which money matters.

[iakas]

I believe that the study is correct and about 80% of the ICOs are scam, there are some variations like asking for donations for exchange lists that will never be listed

[Ebihsu]

Unfortunatelly it is true that much of ICO are scam. Why is this happening? Because there are no regulators and the creators know that they will not have anything for it. If we can adapt any rules or system to scan scam ICOs it's better.

[rahul10]

Honestly, I think that's a gross overestimation. At least in the sense that they are acting in bad faith and doing some sort of Ponzi scheme.

It's more of the fact that every website and business doesn't need a fricking utility token. It's just, not a great model, at least for the costumes and currency speculators.

To me, utility tokens are like if Starbucks or McDonald's held auctions on gift cards. It's asinine and just like with gift cards it usually only benefits the company and does nothing of value for you and in fact, makes your money less fungible and more volatile.

[grundigtel01]

 I think that fraudulent ICO is much less. According to other studies, they are about a third, still as many as failed. This is a more real figure. It roughly corresponds to my practice, although by my calculations, fraudulent and failed ICO campaigns will have no more than 40 percent.

[HaddenChapman]

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 ...

Nothing is safe!

Check out the top 100 currencies right now, they are all down. I would suggest you to don’t go for the hype, I think this is the hardest argument you can have with people on crypto because they that think that projects which are not that trendy and glorified won’t survive but I don’t think that, applications matter a lot and it’s just a matter of time when will actually think about the use more than its name.

[~Master~]

It is necessary to separate SCAM and unsuccessful project. These are two different things, but they are united in one word by SCAM. YES agree that scammers more and more. But now more attention is paid to the choice ICO.