80% of ICOs are Scams

[kkerrex]

Scam was and will be, as long as there are people, unfortunately, and even the rules of 100% guarantee will not be that you do not fall for money or waste your time. From the scam projects can not be saved, except for developers, no one knows this and at the time of collecting money no one will know.

[Udrujes]

I think that in fact, a larger percentage of bad ico. This year is particularly distinguished by the general growth of Ico.

[mutrang23]

Yes there are plenty of scam projects and they are making troubles for good ideas.

Agree with your opinion. All these fake projects have ruined the good things ICO has done for everyone. I still remember in 2017. I participated in 10 ICO projects in May. All were successful and rose very fast.

[Xelpherpolis]

In order to reduce the percentage of unsuccessful ICOs, you need more time to analyze projects. It is not possible to lower this figure to zero, but it can be significantly reduced.

[mellorbo]

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 ...

There are many ICO scams because of trash listing sites, they are trying to bait people through sites. That's why ICO scams are trying to attempt to list their freaking coin even it cost money because soon enough they will huge and millions of money.

[kiky03]

Because there are no rules governing the ICO, more and more new ICOs are emerging every day. I also feel that most of them end up failing or even scam. But of course some of them still have a legit ICO. It seems there needs to be a regulation on ICO in order to minimize scam or shit coin.

[alexbs]

I agree with you - a recent study showed, that approx. 40% of all ICO’s are fake resp. scam. I personally believe, this number is much much higher and not because there are fake people.. but there are a number of other considrations you should take into account when assessing an ICO:

Skills & experience of the team
the business model
tokenomics (whats the real value when buying the token and how is it linked to the business model),
regulatory environment

when counting this in, I guess probably more than 80% of all ICO’s are fake or simply not good investments.

[Filds]

Participate only if the creators of the project are very famous people in their field! For example, former employees of Google, Nokia, Intel and so on. Check the information!

[standards]

It seems to me that in reality there is less than 10 percent of ICOs are successful.
As time goes by, the success rate will be lower.

[gezhid008]

That's what the ICO market looks like now, and anyone can create a nice white paper. They're just trying to grab you as much as they can, and there's no regulation of the ICO market right now.

Therefore, we must choose ICO carefully when participating in ICO.

[ichi ocha]

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 ...

 The possibility is so because many people who invest in ICO are not profitable and deemed to be failing and so I am convinced with the existence of a scam ICO caused by the many investors who take advantage or funds from people who want to join the ICO project

[steins19]

Definitely not true, why because it could be higher or lower since there is no definite conclusion about the real intentions of each ICO that were made. But if we analyse the graphs we will see that it reaches 80% of coins to fail. But its rather not a scam but a failure of investment.

[InvestMen]

Yes, today many ICOs are either not viable yet at the project stage, or scammers. When you enter the exchange, about a third of the coins drastically drop in price relative to their value during the ICO, even if you carefully analyzed the ICO and are sure that this is not fraud, the chance to remain without money is still high.

[ApocalypseNow]

Maybe only 60% to 65% because I am sure that the 15%-20% of ICOs are either failed or abandoned because of the team was very inexperienced and it was never their intention for people to lost their money.

[SeriousHodler]

Yes, there are really many scam ICO that's why before you do any investing, do your thorough research first. You will know a legit ICO by the attention they're getting from big investors and how active they are with engaging with the community. One ICO I can name is DCC. DCC gives Partial Data Disclosed that will allow regulators and auditors to analyze systematic risks. Distributed Credit Chain applies the solutions above with Blockchain technology in real business situations, and establish a new super credit ecosystem that will effectively help the world. The main cause of these problems rest in the provision of services by fragmented parties throughout different kinds of centralized systems. First, the centralized system increases the risk of counterfeiting and cause too much instability. Second, the fragmentation among system drastically heightens trust costs and mutual verification. I find their vision promising.

[Enyi001]

Sincerely most ICOs are scams but not all. We still have better projects, better ideas and innovations coming up through ICOs. The job of an investor therefore should be to look for a profitable ICO to invest in. An ICO that has solid foundation. A kind that one is sure of...

[nakamitu]

You do not have the knowledge then you say it is a scam
If you have the knowledge and investment seriously you will not say so

[trantu0490]

Of the approximately 200 bounty companies I've been involved in, only a few can be called scams. They were created for the purpose of deception. The rest were in various degrees successful, but scams, I would not call them.

[pempe19]

doesn't are you mean that ico is not a source of income? or even ico is the real source of loss you think?

[Marnihughes82]

I do not know exactly how many percent are ico cheating. But I see a lot of ICO cheating, but besides that there are many good ICOs if you know and good luck