80% of ICOs are Scams

[Red Ron]

Now there are a lot of projects. But the market is not positive and the investors do not want to invest. Even a good project is very difficult to get softcap. So there are so many unsuccessful ICO

[50ouncebrew]

It is true, so many of the ICOs that we are seeing are all scams and people should be very careful with the projects that they invest their money into. Also when you are investing in ICOs make sure that you are investing for the short term because you might end up waiting then the projects will get discontinued or delisted so you end up losing your money due to not being able to sell your coins

[RiskySanchez]

ICO scam because the system development on the project failed and when the coin entered the market did not meet the public demand and did not comply with ICO price, that's why ICO in this year many fail especially at ICO price which not dimaintenance well by development

[brilowed]

Now there are really very few good and successful ICOs.  I advise you to be very careful when choosing ICO.

[hoami55]

Unfortunately most of the Icos are scam that’s right. They are usually aiming to scam people with big promises and imaginary products but i don’t get surprised by scammers i get surprised because i can’t believe still so much people fall for it. We should have learnt from our mistakes by now. Be extra careful guys , cryptoworld is full of scammers.

[lkcoindaddy]

Most ICOs are indeed scams. This is why we all should be aware of the ICO we are joining. Make a research first. Try to check the ICO's team/developer and its rating in websites like icobench or icorating. I usually join ICOs handled by trusted managers. This helps lessen the risk.

[LianaSie]

So we just have to find the other 20%, sounds easy Anyways, it may be true, I personaly see a lot of ICO-s failing after the crowdsale too, but luckily, I only invested in one scam project yet, and it was the beginning of my crypto "carreer", so hope it will not happen again, now that I can better judge.

[Ociwiw]

Yes, there are undoubtedly a lot of fraudulent ICO projects, but unfortunately this statistics gives little idea of ​​what exactly these projects are!

[DanWalker]

Well, why only 80%? I think that around 90-95 percent are real scammers. It is a real talent to be able to choose a good project among so many scammers. And it seems to me that it is possible to get this talent only together with the investment experience.

[veronikadobryx]

Now the scammers are becoming much more and it's certainly upsetting . This makes it difficult for us to choose . We have to lose a lot of time in search of worthy projects .

[Findingnemo]

So we just have to find the other 20%, sounds easy Anyways, it may be true, I personaly see a lot of ICO-s failing after the crowdsale too, but luckily, I only invested in one scam project yet, and it was the beginning of my crypto "carreer", so hope it will not happen again, now that I can better judge.

Yes I also agree with that we need to choose the remaining twenty percent for our investment but it is not easy we can spend more time to find that it is the only thing that good for you .

[mklost]

Nothing to do here, Crypto market is filling with lots of scammers. We need to do something to prevent those shitty scammers. Most of the crypto projects are hacked, some good projects have gone after listing in one exchange. Many ICO Projects are pausing now, and many ICO Projects are being failed. But about scammers, we need to something make together to prevent those scammers. ICO Project's reputation are going to end. If this continues then after one or to years, people will forget to invest in ICO.

[f0rzef]

It is perfectly normal for any new innovative systems. In fact 5% - 8% ICO success is a very good number for new startups in comparison to old schools IPOs.

[jankole14]

I think the scam projects are about 40%.  And somewhere around 30% are projects that did not get the soft cap.  And only 30% of successful projects.

[Dacosta Osei-Tutu]

These scam ICOs are becoming too much in the system rendering crypto investment unattractive these days. I hope the introduction of KYC will be of help to reduce this

[Tylev]

This figure of fraudulent ICO projects is too exaggerated. I think that in fact they are from a third to a half. However, of course, and this is enough,
 to say that there is a problem in ICO and this problem is very big. The activities of the ICO should be urgently regulated. Without regulation, the popularity of ICO projects will continue to fall. Already there was information that the drafting of documents on the regulation of ICO work in France, Japan, China, Russia. I think that soon such regulation will be massive and the period of fraud in it will finally end.

[Bitmedrano040117]

On the one hand, this is a sad statistics, on the other hand I see that fraudulent projects are now collecting very little money. Investors have become more intelligent and cautious, so gradually the market gets rid of scammers.

[lifetimebitcoins]

nt all icos are a scam but some ico are genuine and expected to grow in price due to decentralized open source network anyone can start the ico and run but we should understand every business have the subsequent effort of risk it is the investor who should take care

[jlei523]

The author doesn't suggest that it's 80% fail. They are saying that 80% never intend to build a product in the first time.

That means 20% of ICOs actually try.

So for every 100 ICOs, 20 of them attempt to build a product. If 10% of them have any success, that's 2 companies for a 2% success rate.

In Silicon Valley, even if only 10% succeed, you're still getting 10 good companies out of 100.

[restoklo]

Now a lot of scam projects, but not more than 30%.  And if you spend time, you can find good and promising projects.