80% of ICOs are Scams

[rapperug92]

I agree that the majority of ICO scam, but I do not dare to declare in percentage figures. Sometimes people give different insights to the term scam. Some people say that the definition of a scam is a project that does not distribute tokens after the success of ICO. I am working in this field for a while now and  sometimes I had a really bad experience with some platforms that are making mess at the crypto market and  very few of the them have qualitatively created processes

[ChaChaiTL]

First, your post is posted in the wrong section.
Second, most ICO projects are just hype, which is why countries are adopting laws to restrict ICO.

sorry...
new to the forum... what section should it go under? ill try to move it

I really have not heard or read such numbers at weddings about ico or this digital information, but I think that's the wrong statistical number and maybe completely different. The reality is even reversed

[keramzit]

Now there are a lot of scam projects, but they are less than 80%.  I advise you to be careful when choosing ICO.

[goelzz]

I also believe that. for now, it is very difficult to choose an ICO that will be successful and there is no sure way to choose a quality ICO. even most ICO fails also end up with a scam. if it continues this way, the fear is the loss of interest of investors to participate in ICO and it is very bad for the world of crypto.

I hope with the advancement of time, ICO selection to be tightened again, or there is a way to ensure the quality of ICO. I think it's very important to restore investor confidence.

[Krabat]

Perhaps you are right, I have no evidence that this may be so, but the fact that most projects are unreliable - I do not doubt it. Maybe not 80 percent but about this.

[crypto_lisbao]

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 think even more than 81%.
Would be interesting to hear your opinion about Welltrado.
What percentage you would give for it?

[Fenixsfeather]

“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.”

I believe in this statistic. It's sadly but it's true that a lot of scammers doing ico. All we should do in pay attention to choosing icos.

[kilimanjaro54]

Yes, there are a lot of scam projects now.  I advise you to be careful when choosing ICO.

[lillyann]

Yes, there are a lot of scam projects now.  I advise you to be careful when choosing ICO.

The problem is that you can not predict what will be a scam. Even the most promising projects often unfavor or were only created to pump money ...

[stue]

As more and more new ICO are emerging, and they show up very often. Making ICO scam also grows more and more. But I do not know exactly the percentage for both. But I know the legitimate ICO has a much greater percentage. My message, want a lot or a little scam ICO, you should always be vigilant to be able to follow the ICO is really legitimate and has good value.

[kingpes14]

Yeah for sure most of icos are scam but if u find right ico and if u invest there u can have extremly big profits, but as always u need to make enough research about icos..

[debianbro]

It seems to me that the scam projects is less than 80%.  Now a lot of projects that have not reached the soft cap.  But there are also successful projects.

[mynamehere]

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 ...

Eighty per cent? Are you sure? I really doubt it somehow. I know a lot of good ICOs and you should be careful with your investment. Good luck!

[mynamehere]

It seems to me that the scam projects is less than 80%.  Now a lot of projects that have not reached the soft cap.  But there are also successful projects.

Well, yes, that is exactly what I think. Where did you take this number? I really doubt that there are so many bad ICOs. good luck to you!

[UIXID]

I do not know who counted the exact statistics. As for me, she's so exaggerated. Personally, I try to carefully select projects and if in doubt, I do not participate in ICO.

[wayne nani]

Not 80% of ICO are scams. Maybe 20-30% are scams. There are spotting spots to find out that ICO is not a scam. In my research there are a lot of ICOs that are not scams. Others are mistaken for scams due to unsold big amount of token, but not scams.

[blizzard31]

scam is always expected in emerging market, in this case ICOs. Just be careful on selecting an ICO where you would spend your money, and for bounty hunters, your time and effort. The key is to conduct some research, review their projects, whitepaper, roadmap etc. also look for trusted managers they surely manage a legit ICOs.

[Bendz]

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 do not agree, I think all ICO projects always take a long time to achieve its success. And on average many people judge too early until they make the decision that such a project is a fraud. The reason may be because they continue to lose money because they can not wait to get profit quickly.

[anjohyx]

scam is always expected in emerging market, in this case ICOs. Just be careful on selecting an ICO where you would spend your money, and for bounty hunters, your time and effort. The key is to conduct some research, review their projects, whitepaper, roadmap etc. also look for trusted managers they surely manage a legit ICOs.

It's too hard to avoid ICO scam, Agree with you about must do your own research and read project whitepaper/roadmap, if you found that no clear roadmap, weak website and whitepaper, telegram don't have active admin or admin just spam a lot of message about ICO offers, please avoid to join this types ICO, last message for investor newbies, don't invest in ICO or maybe you'll lose all your money

[haravura]

Behind the profits there must be disadvantages that come to him. Because ICO is investing in nature then we spend money and give to third parties and the money may not be used according to the agreement when the ICO is carried away without any explanation that is clear or more familiar with SCAM.

Several things become the problem of SCAM when the ICO is not clear project, the purpose of collecting funds made by developers and teams that are not clear or not plastered. Usually this will be explained in the whitepaper.