80% of ICOs are Scams

[Bromote]

Yes, I think it is better to invest on the cryptocurrency market directly, it is less risky and has already been established, ICOs on the other hand are unestablished projects, not saying that you should avoid them completely, but you should definitely think carefully when investing in them.

[Hanazawa]

Probably yes almost ICO's right now are scams and you must be aware with that to avoid losing your money, time and efforts. That's why this makes people disappointed to partie or invest to some ICO with a real platform and a good purpose and development.

[Aniwura]

This might be true. Although, not all failed ICOs are scam,but we most times see them as scam, because they could not deliver their mandate. On the other hand, i think a careful study of all projects before investing into them, will avoid falling victim of scam.

[Bonwin]

Saying that scam ICOs take up 80% of ICOs in general and that just 20% are legit might not be accurate. Most of the ICOs i have come across are genuine, although i have read about some alarms raised as regards scam ICO, but i have not by chance participated in any of them.

[Julasic]

Hello there. friend. I think the ICO of the cryptocurrency. More horrible than you think. I think this scam exceeds 80%. He may be higher. Some are on the platform. But the coins on the platform became waste.

[Wind_Crypto]

yups, the stats are not surprising. ppl need to be more discerning. some projects have no use case for blockchain. blockchain is a powerful tech, but it needs to be utilised/co-opted into platform designs in effective and innovative ways for it to work in the real world.

[telo_goreng]

instead of a scam, maybe the ICO failed to reach the expected target, so the bounty was not paid.

[zedaq]

Terrible statistics and it is really correct. Now the market is experiencing great problems with the trust of users and investors, now people have achieved that they simply can not do anything about it.

[popolite11]

That is the reason ICOs are restricted on stages and notices of informal communities. It's only a disgrace that even great and authentic ICOs experience the ill effects of these con artists. They devastate a decent stage for new undertakings. That is the reason I concur that the ICO is directed, at any rate to limit a few con artists.

It is a great shame that most of ICOs are the scam. People spend their money that they were earning for a long time, and they lose everything. Unfortunately, it is very difficult to understand if the project is something good.

[Jimtorko]

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 ...

Perhaps in the future the situation will change, but now I prefer to invest in reliable coins such as BTC and ETH.

[rainmonsoon]

Unfortunately, there are a lot of scams and junk around, but definitely also quality ones! The upside potential in good high quality projects is much greater than in the established ones. Upside multiples can be a totally different game. You just need to do your research carefully and don't trust ICO listing sites etc. because ratings can be bought. Careful research is very important to avoid scams and other low quality projects - don't trust anyone but your own research!

I have been recently following Stellar that is generally on the rise and the tokens issued on the Stellar platform - now there is a bump like in any cryptocurrency over the past few days, but generally Stellar is on the rise because of the prospective Coinbase listing and other advances. This will also boost tokens issued on the Stellar platform...

My most recent find among alts is AXU, "Argentas Exchange Unit" token issued on the Stellar platform and listed and verified on the Stellarport decentralized exchange, now only at its pre-distribution, or pre-ICO phase. A true hidden diamond, with low profile so far. Experienced people clearly, and cool tech for decentralizing and revolutionizing global banking - their website at argentas.io.

The pre-ICO price is 50% cheaper than the ICO price, a sure winner IMO, and I will certainly get some. They also have an ANN thread, I think here https://bitcointalk.org/index.php?topic=4431900.0. I dug really deep in their content, and it is really cool stuff But don’t forget your own research!

[jvper]

It is important to be careful when analyzing the projects. When people made 10x they could just neglect analysis and still make some profit but today it is not that easy anymore.

[klement.i]

Now there are very few successful projects and therefore it seems to me now better not to risk and invest only in promising coins.

Agreed. Today, it is risky to invest directly in the development of the project. It is better to work with functional projects that have entered the stock exchange and are quietly traded.

[baeva2]

I agree with the opinion of many that today it is difficult to find a real ICO and not fraudulent. Investors have ceased to believe in the success of even reliable ICO because of the frequent deception.

[Druvax]

This is a huge problem because it's hard to choose a real project. Even very promising can turn out to be a scam, but if you study the project in which you are going to participate in detail, you can make good money, I think that it is necessary to allocate a lot of time for the analysis of the project.

[Harlen.t]

If we count unsuccessful ICO that couldn't reach their softcap there are really will be at least 90% of SCAM, But I think we cant count those projects like scam, they dont want to deceive investors and in the majority return investments

[sahan sandeepa]

Yes, 80% of ICOs are fraudsters. I am confident that I am not familiar with this types of businesses. But I will not stop the connection. There is also a fortunate 20% chance for good ICO. Who knows the scamming percentage go down soon? I hope, It will done in nearby future. Thanks

[dammy1988]

Yes I agree with you many of this project don't add anything to the already existing body of knowledge of blockchain technology.

[Bunmi1989]

Yes a lot of the project coming out now are scam and I think more than 95% don't offer anything new and I believe as tmes goes on this will change

[Frenc4man]

So it is, no one controls the ICO, and there is no punishment. The ICO must undergo radical changes, and then the credibility of them must be restored