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Author Topic: 80% of ICOs are Scams  (Read 12246 times)
waaat?
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June 13, 2018, 11:01:31 AM
 #741

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.
It only seems. It exist clear scam and mutual (hidden) scam. Team raised all need funds and do nothing. On the milestones from roadmap they find one thousands reasons why not. And give new milestones. And it's a simple scenario. But I can give more
NORD YGGDRASIL
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June 13, 2018, 11:33:59 AM
 #742

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.
Perhaps you are not so long ago in this market, you still do not know all the nuances. In fact, fraud is in many forms. Sometimes fraudulent projects are those who do not want to work after they have collected the necessary amount.
Yoyo chan
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June 13, 2018, 01:02:02 PM
 #743

In this world there’s a lot of scammer that the only thing they want or called objective is to gain profits for their own goods even if fooling others in terms of business is absolutely prohibited.
thanhexodo123
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June 13, 2018, 03:33:18 PM
 #744

I cant agree with this statement, 60% of ICO are unpromising which have an idea but with a weak development, without any working product in result. And there are 20% of real scam projects organized by fraudsters.
kilimanjaro54
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June 13, 2018, 06:05:34 PM
 #745

I think the project scam is much smaller.  Now a lot of projects that have not reached the soft cap.
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June 13, 2018, 09:28:36 PM
 #746

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.
Perhaps you are not so long ago in this market, you still do not know all the nuances. In fact, fraud is in many forms. Sometimes fraudulent projects are those who do not want to work after they have collected the necessary amount.

there are so many examples of successful icos (quark, arcblock, storm, ripple). You just have to find your ico. for example, Asura coin. It is the first self-sustainable e-sport ecosystem. there are so many options for asura usersrs. Asura is v=based on Neo platform

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June 14, 2018, 08:59:54 AM
 #747

Yes, now there are many bad projects and a lot of scam projects.  But there are also promising successful projects.
Lubang Bawah
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June 14, 2018, 09:19:41 AM
 #748

Yes, now there are many bad projects and a lot of scam projects.  But there are also promising successful projects.
The main factor that makes many scam projects is too many projects that are currently ICO live, if we are not careful then we can get a scam, the simplest thing that can be done to know an ICO scam or not is to know the team there.



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Kasabus
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June 14, 2018, 09:49:01 AM
 #749

Yes, now there are many bad projects and a lot of scam projects.  But there are also promising successful projects.
The main factor that makes many scam projects is too many projects that are currently ICO live, if we are not careful then we can get a scam, the simplest thing that can be done to know an ICO scam or not is to know the team there.
There is a freedom to run an ICO so everyone who are willing can start an ICO even if they do not have the knowledge and the qualifications.
People should be careful, do not just invest directly, we should do our own research because blindly investing will most likely get your scammed.


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biogesic
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June 14, 2018, 09:51:29 AM
 #750

It's sad its just round of private sales and presales then public sale. Once it reached the exchange, theres no more value to pump to.
indeika
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June 14, 2018, 11:11:30 AM
 #751

It seems to me that the scam of projects is about 30%.  Now there are a lot of not successful projects and very few good projects.
ask
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June 14, 2018, 11:13:15 AM
 #752

Why dont you look at the other part? 20% of ICO's are legit and giving opportunity to gain big!
If you invest same amount of money to 100 ICO and 20 of them legit you will recover x3 times then your investment.
newbie-hero
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June 14, 2018, 11:22:24 AM
 #753

Statistic that represented in article is true. I am talking about it because of my own experience. Some period in a past I had been participated in many ICO projects. And only a few brought me any results.
Daniel sisoco
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June 14, 2018, 01:36:11 PM
 #754

there are a lot of scams, that's true.
but 80% seems like a lot of overkill to me.
I think that there are especially many bad projects, badly prepared, and launched by incompetent teams.
that's why when you want to invest in a project, it's very important to be well informed and not just follow a buzz or a popular project.
LikaForw
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June 14, 2018, 04:41:40 PM
 #755

If you don’t have any sort of investing experience or even a financial background, do your research and take a few classes before investing in the startup space. That way, you aren’t also quick to jump on the “scam” train.
rapsonic1337
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June 14, 2018, 04:47:54 PM
 #756

Yes, there are some ICO`s are scam, but this are only a few or can only be counted with our fingers, bounty hunters are helping some ICO`s to be launched so that the project will be known by the investor, and with this there is no way that they wont continue there projects are.
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June 14, 2018, 04:59:37 PM
 #757

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 ...
yes I agree with your article, that now a lot of ICO is popping up and not a few are potentially scam. should be more careful in choosing the ICO to be invested. priority to analyze first how the form of his team work in the ICO and how many who joined the ICO.

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cryptomichael87
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June 14, 2018, 05:27:25 PM
 #758

Many scholar says most of the ICOs are scams. I think it's relay true and it creates many problem in the market. If we can adapt any rules or system to scan scam ICOs it's better.   
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June 14, 2018, 05:32:32 PM
 #759

Yea.. that is true. but i dont believe 80% of them are scam ICOs. They are lots of good ICOs out there
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June 14, 2018, 06:29:14 PM
 #760

Being clear, coin launches seldom are pure fraud. For me the concrete squeeze tends to be many times one atrocious business proposal.
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