80% of ICOs are Scams

[triclinics21]

I definitely agree with that 80% ICO is really a scam and I'm not investing in ICO anymore. Audits develops a lot of altcoin will be destroyed. That's why we need to invest in ethereum and bitcoin.

[TYPEcoin]

To my mind, the are about 25 percent of all projects that fail to hit their goals because there are not able to finish it up due to a weak marketing program and low investments.

[Cryptomedia.org]

Findin a promising ICO is like searching for a needle in a haystack. You need to check ALL the information you can find. Especially the team and the project itself. If there is little information on the team then it's almost definitely a scam. If they just copy and paste another project's idea it's almost definitely a scam. If they promise something that's impossible to provide with current technology - yes...It's a scam. There are a lot of tests,red flags and factors you should check before even consider investing in an ICO.

[greenklo]

Now there are really a lot of scam projects, but they are less than 80%.  I think no more than 25%.

[bkrobottc1]

I think more than 50%. SOme project have a good idea but they did it in wrong way so project cannot success. that's a pity.
Anyone hold IDH  . Team do their work quite good but the price of token not pump

[EducoinVietnam]

because the cryptocurrency market continues to attract scammers. but in my opinion, you have exaggerated this figure

[Xmm]

I think that after some time only the figures will be clear when the projects either collapse or vice versa take off! now it makes no sense to guess, just wait and hope for success!

[Spaffin]

This percentage of fraud in ICO projects is too exaggerated. Really it reaches about a third, 80 percent it can not be. If there was such a large percentage of fraud, no one would invest in these projects and would not take part in them. Do not you frighten people with such figures. After all, they will scatter.

[ChubarV]

Many write that 80-90% of ICO is scam. But this is not true. Scam is cheating, cheating. But there are many projects that simply do not collect the right amount of money, because now the market is experiencing a serious decline.

[GamingBro]

Unfortunatly it's absolutly true! I don't believe to ICOs anymore because i have invested in 2 projects and recived nothing, i can't believe that people still want to scam...

[Hct2005]

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 ...

Yeah it could be true considering the number of individuals crying here that they are scammed. That is why we should be very vigilant in detecting scam ICO.

[mashina65]

Scammers are everywhere, not only in the crypto market, do not forget that there are good projects and be careful when choosing.

[reronggo]

Absolutely, because the ICO now are different from ICO at past time. Now they're 80% potentially scam, so don't try to invest your money easily in ICO if you won't loss your money. I believe on ICO rarely because there no reason to believe uncertainty investment. Think before invest guys.

[Eijrafarm]

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 don't know if this true but if validate this info then it might be possible. This time around many new ICO really join in the market but they all fall from huge dumps before they could launch their project this is the problem which ICO experiencing right now.

[Piranha1]

I agree that there are  a lot of scam projects on the crypto market, ICO has became the way to earn free money, this makes very bad influence over crypto market. But we should not forget that there are a lot of good projects and we need them, so we should support them. For example Ambit Mining ICO - very good project, which has potential to make some changes in crypto world.

I agree too and you are right ICOs are the new milking cow for scammers here in the crypto world. I think they are also evolving since they are hard to detect that they are running a scam ICO.

[turcalata]

We can not make this kind of generalization. But because of the bottlenecks in Bitcoin and crypto markets, many ICOs are having trouble getting enough investment.

[saycryptohello]

We can not make this kind of generalization. But because of the bottlenecks in Bitcoin and crypto markets, many ICOs are having trouble getting enough investment.

but also it is necessary to recognize, now as whole projects are more difficult to receive investments as they began to more meticulously check

[mammoniter]

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 ...

And the remaining 20% are gems that will give you the golden rope of your dreams. ICOs despite having a bad reputation and increasing risks have still some credible projects back up by credible and dedicated people who knew their work and investing to these kinds of projects will give you more than just profits.

[Kasabus]

We can not make this kind of generalization. But because of the bottlenecks in Bitcoin and crypto markets, many ICOs are having trouble getting enough investment.

but also it is necessary to recognize, now as whole projects are more difficult to receive investments as they began to more meticulously check

If we will see a more regulated ICO the better, we might think there is a limitation but it's good globally because people will have more
security on their money being invested. Maybe that percentage will significantly drop if there is a regulation.

[Milana Gerson]

At this stage of the development of the industry, the scam is not more than 30% of the projects. The fact that projects are poorly developed does not mean that they are not viable.