80% of ICOs are Scams

[Geenstijl]

Unfortunately it is, but still I'm very positive about this type of earnings. Nowadays it is very difficult to choose a good project for investment due to dozens of fake ICOs. And even if you've chosen the good one it's hard to invest good amount of money in it. Anyway we must be as careful as possible and do't trust anyone's opinion except your own.

[coynedterm]

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 ...

It is a big truth that we are in this field of the cryptocurrency and are facing directly a way of scam , here we can see a factor that when in the market of the cryptocurrency a new service enters then in that case we find that it is better to invest and make better profit but if you will enter in this field after long time then surely you will enter in the scam because not everything will run perfectly for long term.in this field , so it is better to enter in starting , right now we can see that about 4-5 month before Investment in ICOs was a profitable Jon but in the present time it is not better for us because 80%+ ICOs are coming just to scam us .
Well here we will say that we should remain away from any type of ICOs investment , and even if we are going for the investment then make analysis ourself perfectly .

[Nagrogflaz]

I see some ico that scam and token they launched so worthless in the market but I think the percentage is not that big because there are still a lot of ico that succeed and people still believe to follow it because it's already a lot also that succeed with ico

[Cedrick]

Yup that is the sad truth about ICO today.The numbers of SCAMS ICO is huge and i think they need to figure out what is the true and what is the scams/fake ICO because we are the affected here. But we need this and no matter how many scam ICO here we still continue and we should believe that 20% or maybe 30% will be the way to have an income.

[Kkhoailang]

you have to research alot about ICO, white papper, project team, founder, developer..etc..

with good project may make you risk otherwise

[Lilmon]

I would go a bit further and say that more than 90% of ICOs either exit scam or end up failing. I cant understand why people would even invest in ICOs anymore after all this research and data is coming out constantly. I guess greed can take over ones decision making ability and seeing whats legit and whats scam.

[baricuri]

I noticed this trend for a very long time, but now the situation has gotten worse, more projects are becoming fraud and users are losing their money. I'm waiting for a real control over the projects and the number of false projects will decrease

There are so many fraudulent ICOs, we can not quantify them, but in fact it can be general and predicted that over 80% are fraudulent, now many people are no longer believing in ICOs because they Have lost too much money, maybe they will choose to invest in the altcoin has been traded, so will be less risky.

[Robot654]

I agree, now a lot of scam projects and it's very difficult to find a good and successful project.

[Opnsrc]

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.

I know about it but I am still surprised how many people find very tough and promising projects and make money on them. Joining any ICO, you risk but in case, when you win, the award is always cool.

[thanhdat031]

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 ...

90% of ICO's have only idea, without a team and good WP and only promises that they will be able to translate their idea into reality after collecting $ xx million. This does not mean that they are scammers, but it shows their attitude to their own project.

[jankole14]

I invest only in those projects that are on icodrops, in projects where a large HYIP, I do x2 and sell everything. This is the best tactic today.

[basdjbzj8888]

With the number of ICO at this time of course scam opportunities are very large, based on data tokenmarket.net currently live ICO reaches hundreds, in addition to prone to scam would be more difficult to achieve softcap especially hardcap.

[RavRider]

I think they are a lot of scam initial coin offerings arround on the market. But i dont think that the percentage is that high. So  scam ico is for me an ico who collects money and then dissappears. ICOs who could not develop their project and fail are no scam, they just have failed and the money is gone. But at least they try it.

[familyofsimson]

You are viewing this  from your own perspective, that's why you are concluding that most 80% of ICO are scam I disagree totally with that if you say that most ICO pay worthless token I can accept that though some ICO are scam but not 80%

[vinaphonenguvl]

I kind of also doubt the authenticity of the research findings-(a lot of research are made-up stories) while there are definitely a lot of scam icos,but 81 percent is a lot too many.some of these ICOs were not meant to scams,they just couldn't meet their goals due to some situations,e.g Government policies.

[Denigmatic]

That is why ICOs are banned on platforms and advertisements of social networks. It's just a shame that even good and legitimate ICOs suffer from these scammers. They destroy a good platform for new enterprises. That is why I agree that the ICO is regulated, at least to restrict some scammers.

[Faradeo39]

Now there are a lot of scam projects, but not 80%.  I think now more than 50% are not successful projects.

[BitForceOne]

Let's be clear, tokens offerings seldom are plain scams. I think that the sensible squeeze turns out to be oftentimes one lousy business idea.

[percopolis]

Unfortunately, even a full analysis of the project will not give a guarantee that after the end of the ICO the team will fulfill its promises in the future. Many projects create an imitation of work.

[magnat7691]

So it is that 80 and even 90% of ICO are scam projects, which can be spent a lot of time studying them, but there will be no result.