80% of ICOs are Scams

[loskme]

Yes, I think this too, many scams and many empty promises which never will happen and be done. That's why I'm too afraid of investing into ICOs, risky step and mostly not with profit.

[Riga]

Yes, this is a very sad statistics, but it is real. I think that the ICOs industry has become very poor. I believe that positive changes will soon take place.

[Scoremaster]

I dont hate projects ICO right now, because I understood and realised, that in the most of cases ICO team is not responsible for that the project fails, or could`nt gather enough money. Its not a scam.

[Rage]

man! it depends

I think that there is a huge amount of legit and trustable icos, but you just need to find the right one (and it is not easy after all)

[bascinsto]

In my opinion, the scam of projects is less than 80%, but all the same it is worthwhile to be cautious and not to invest all the money.

[Dutchyyy]

Yes, this is a very sad statistics, but it is real. I think that the ICOs industry has become very poor. I believe that positive changes will soon take place.

We all agree that changes are needed. May be some regulations, may be some requirements for creating ICO.
I don't think that so many are scam. Most of them are just not successful.

[Prostotak]

I stopped investing in ICO because I'm afraid of losing money.  I'd rather buy coins on the market then.

[Nigmar]

I figure we ought to dependably confide in our own particular guts since this will be the main thing that can help us through this. On the off chance that we feel that it's unrealistic and devs aren't sufficiently certain to answer each speculator question. By and by, on the off chance that I felt and see something shady then I'll avoid it as right on time as possible. Thus far all I icos that I felt that way are absolutely a trick one.

[onemillionusd99]

More than that, there are now many prestigious projects and great investment potential. You need to have a detailed look at each project and make the right decision

[Hikimanr]

Now there are very few good ICOs.  Now is not the best time for the ICO and I hope that next year the situation will be better.

[waterproof]

The Skams project undermines the credibility of really good projects. Sometimes investors make mistakes in their investments, and then respond negatively to everyone.

[antolinicio1]

Yes, indeed. In my opinion it is even more such projects. Scam of projects became very much now. Many projects want to receive money from investors and to disappear. It is very sad situation. Therefore it is necessary to learn to choose good projects!

[fing ter]

People should be careful, do not just invest directly, we should do our own research because blindly investing will most likely get your scammed.

[pogicute1234]

you're right.
80% is a scam so we should be careful about investing. Please read the white paper carefully and join the telegram to find out about the project.
You should also be able to check out this site. https://coinmarketcap.com/
to figure out the value of each token and for you to know when you are investing.

[JessicaMcDonnell]

So how to spot a bad ICO? Is not look at the development team? How to know the ICO is lack of transparency? 

[Psalmy2cute]

No doubt some of the ICOs are scamers they come in market advertised sell token collect money than no idea where are they but its not all its minority so we have to check first company profile whitepaper their team their project and ratings in crypto market than have to decide what to do

[last7minutes]

Bounty managers should be aware about this scams!
But many managers do not suspect that projects are scams and they are victims of scammers. The main thing is to see it in time and warn bounty hunters in order not to lose confidence.

[BitSharke135]

Many ICO platforms do not have a soft cap. The bad time for the ICO sector is now. The market is very low and there is a positive weather in the crypto market. It is true that 80% of ICO projects are scam. Do not invest without reading white paper.

[AlexFF]

The main reason why most ICOs fail (in my opinion) is not because they are scams, primarily, but because their projects are merely DApps but they slap an ICO on it for exorbitant funding.

[kobita333]

You are correct. But, we can avoid the scam ICO if we do enough analysis actually.
The most common problem with the scam is easy process of creating erc20 token actually. People don't have to spend much money and start their own ICO. Raise some money and become fraud.