80% of ICOs are Scams

[ooxtcoo]

You are not entirely right, most projects simply can not collect the necessary amount of investment! These projects were not conceived to deceive participants and other machinations. At the moment, the market simply does not have enough investors who are willing to risk their money.

[bitcoinpeople2]

A good percentage of ICos are indeed scams, but not as much as 80 percent. Scams are all of the place now, but there are still a good number of ICOs that are genuine and are doing well for themselves in the market. It is only sad to see sometimes that these scam ICOs are making a bad name for the legit ones, and creating a bad atmosphere for them.

[yayoyo]

ICO scams in cryptocurrencies are already well known. However, these detailed data are still difficult to organize. There have been speculations that 95% of ICOs are scams, but with these data it is different. At least let me have a little bit more confidence in ICO.

[gwaposakon]

Actually are other studies that it is higher than 80%. This scam projects are just riding the hype and popularity of blockchain and crypto and wanted to benefit from it in the wrong way. But it is still to us user and investor to fully research the project that we are joining.

[arienna23]

I'm no surprise with the statistics because there are too many ICO that became scam. One reason why it is now hard for the new ICO to be successful in their sale of their token. Sad to say that legit ICO suffer so much and also failed because the money is diverted into a scam ICO.

[PrestonTrader]

I am sure that this figure will decrease with time. A statesman introduces laws. People unite in communities where joint efforts reveal fraud. But while your figure is correct, unfortunately.

[s31joemhar]

There is a scam happen in ICO but I will beg to disagree that the eighty percent of it are scam
because there are lots of companies that are legit and very accommodating in their services provides.

[cardoyasilad]

I don't agree with 80% of ico are all scam they are so many ICO delivers their product in time and some are pushing to get listed on bigger exchanges

[neontro]

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 ...

Yes, be careful and do not invest in companies you do not trust.  Now it is very easy to lose money.

[KGBx]

I think that reality can be even worse...maybe over 90% of ICOs are scam if we consider really working product...

[verrela10]

it is so bad for crypto for future of cryptocurrency. many ico scam makes people affraid to get in
i think must make something to avoid it

[AdamSv]

I am sure that this figure will decrease with time. A statesman introduces laws. People unite in communities where joint efforts reveal fraud. But while your figure is correct, unfortunately.

Yes ,if a statesman introduces-the law - the rules that will be observed in the ICO,Airdrop,a clear regulation for compliance with the rules,then the moshenism will disappear,but now in this industry there are rules of a dubious nature,and as a rule-there are no rules-there are people who will profit from this, just we see the emergence of fraud .

[Callanta787]

I won't say 80%,though some are ,but my point is people always expects too much from ICO's ,like 1000% return of investment, this is way too much and some projects takes a while to yield ,and while some are fast ,I won't blame 80% of ICO's out today .

[ford543]

This statement is true to some extent, since many ICOs tend to take the money of investors and run. As these social media-only ICOs have imposed a ban on ICO ads as they are potentially at risk for new users.

[HashSwan]

Nowadays, with the development of ICO, many people choose this new way to profit from the growth of the coin that a few dozens, several hundred times.
However, in addition to potential ICOs, there are even failed projects, even "scam". Before you decide to invest, you should research and make your own assessment to select the potential investment projects to easily succeed. However, it is advised by professionals that you should not invest in a project that should be split into other potential projects. But, let's say again, if the decision to accept risk is higher then the success will be bigger, that is natural!

[De_nis]

I agree with you, and of the remaining 20% of potentially successful projects, in fact, no more than 10% of success is achieved!

[Cassidyblaze55]

I would believe with this information. Their are many scam icos. Scam in the context that, they would launch on the exchange and would not continue with the idea any longer. This is regarded as scam in my understanding.

[Itjoker]

I am absolutely sure that next 5 years 80% or even 90% of cryptocurrencies will disappear. Because behind this projects scamers or those teams which can't technically realize their ideas. Just keep that in mind.

[Auto756]

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 ...

Now there are few successful ICOs.  ICO scam a lot.  Now is a bad time for investment in ICO.  But I hope next year the situation will be better.

[Marcsymon]

I agree with you, and of the remaining 20% of potentially successful projects, in fact, no more than 10% of success is achieved!

I would also agree that 80% of ICO are scam because there are many of them runs after it gets successful especially when the project reached a good income and they steal people hardworks and would not pay anymore.