80% of ICOs are Scams

[hoosen]

Right now it seems logical, that more ICOs is turned out to be a scam. It is so hard for the project to gather enough money that they need in order to accomplish their goals, that in fact it is so much easier to create a scam ICO.

[Marioboro]

I think this is precisely true. Most of these ICOs are scams at best. Although to give benefit of the doubt to some projects, there are also ICOs who are not scams, but due to poor management and planning, these ICOs are going down to the drain. I think it is best to do your own research and take caution before investing in such projects.

[minsokiu88]

But 20% remain is very potential to develop. So, your task is identify which ICO project is good for investment.

[CryptoGamblingSites]

Yes, many ICOs are scams, but I really don't think that the number percentage is around 80%. I think it may be fifty-fifty. But, if that is true based on the real data, we must be more careful

Anyone can write a whitepaper and tell people they plan to build something...

Scammers see how easy it is to take peoples crypto now with bullshit.

Assume 99.9% of ICO's are scams or terrible ideas by "new teams" and good intentions that will fail (if you want to keep your crypto safe).

There are too many projects with teams that could be fighting 6 months after ICO and never build or release a product, why take that kind of risk at all.

[Gribovski]

Therefore, I stopped investing in ICO and participate only in bounty.  Perhaps in the future I will again invest in ICO, but not now.

[bitljus]

But 20% remain is very potential to develop. So, your task is identify which ICO project is good for investment.

Yes you are right.  There are really good and promising projects, but such projects are difficult to find.

[smutexar]

A lot of people talk about it, but I don't think we should think so. Most likely, those who say so do not know how to choose the right projects. We don't need to generalize.

[EducoinVietnam]

This is close to the truth, but I think that the information is very exaggerated. I believe that about 50% of scum projects because I often participate in bounty and invest in ICO. I can say that very few projects disappointed me

[Itcher]

Scammers use the fact that people are very bad at understanding cryptocurrencies. This happens in all new areas.

[Itcher]

Technical failure, it happens. I remember he incorrectly considered XRP. We hope that this is to a rapid growth:)))

[Asgod]

Yes, many ICOs are scams, but I really don't think that the number percentage is around 80%. I think it may be fifty-fifty. But, if that is true based on the real data, we must be more careful. It is the time to choose the most trusted ICO to participate. I'm sure that there are still many good ICOs with a real product. therefore, it is better to analyze them carefully based on the data and our research of the information on their web, whitepaper, and community.

[Salomyi]

The biggest number of scams in ICO are connected with the simplicity of attraction a bigger number of people at the project and distribution of advertising about a similar way of earnings on the Internet

[isen]

I agree that the percentage of successful projects is very small. But at the same time, I'm wondering why the teams and their business plans, proven by "professional" investors, do not achieve the intended results from head to toe? Probably because in the pursuit of profit not the criteria are evaluated and the approaches are not applied? Investors themselves generate fraud, etc.
ICO is a rabid market to date. And I also do not like it when projects doomed to failure, at the idea stage, millions of dollars are collected in one month. But I really like that the project is not tied to one omniscient investor, ready to pinch every penny in the pursuit of profit, saving on the development of the project. I really like that when investing in ico it is impossible to calculate expenses and incomes on the calculator. In the future, the ico market will only develop. But the requirements for the projects will be much higher.

I agree with you. It is very strange that those projects that were successful and had a strong team are now being stamped on the spot without any positive shifts.

[xyandrobot]

My estimation of the ico project that was successful until it was listed on the exchange was only 50% this year. 15% ico has the potential to be a scam and 35% ico fails to reach the target they set.

[localcrypto]

80 percent icos are a scam is the scary percentage for growing cryptocurrencies market i don't believe 80 percent is real

[CryptoGamblingSites]

Anyone that wants to see an active ICO scam going on, check this thread https://bitcointalk.org/index.php?topic=4691540.60

Sad people try this.

[kenman]

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 ...

it is a lot of them indeed, but isn't it ours responsibility to choose  more carefully? some schemes they use are truly scandalous but still, you are to watch yourself in the first place

[Muhraj1]

Certainly most icos are scam, it's better you just follow the ico whitepaper and buy the after they dump it

[irinakovallove]

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, a lot of bounty projects are fraud. Previously, this was not the case. But if you analyze projects, you can reduce the risk to a minimum. And as they say "The sleeping fox catches no chickens" you need to work and everything will turn out

[zhongzy]

Because of the deception of 80% of ICOs, every investor should be very careful and do research before making a decision. As a new investor, do not use all your money to invest in the crypto currency and consider different investment tools.