80% of ICOs are Scams

[honey0199]

This is a complete nonsense, I do not know where this statistic came from, but there are much more successful projects. What is meant by a scam, this can not be true.

[giogio0504]

Interesting article on ICOs and some recommendations how to avoid scams: https://icoguide.com/en/blog/choosing-an-ico-common-pitfalls-of-scam-icos

[FreddyFox]

Every day at least a dozen letters come to the post office with Bounty notifications. This is only from our forum. And how much is at all ?? 80% is an incorrect number. In my opinion, within a month you can select no more than 10 worthy programs.

[stigmacryptonight]

I see ICO projects lately part of HYIP, and of course it will be fatal and ending scam. However, sometimes some ICO projects provide explanations and return investors' funds.
I do not really understand about ICO, and which ICO project will succeed.

[hunterWood]

That makes a lot of sense, which is why I'm very careful when it comes to ICOs. I mean think about it, a lot of people out these will not hesitate to trick others into giving them their money, in a way that they can hide their identity. Think about all the scammers there are in real life in this world. This type of scam would be very attractive to them.

[Anchor867]

Yes it cannot be avoided that their are scams out thier and also it is good whenever you find a good ICO their by doing some research you can avoid being scam and lacking of information might lead avoid being

[Tahir460pk]

No doubt some of the ICOs are scamers they come in market advertised sell token collect money than no idea where are they but its not all its minority so we have to check first company profile whitepaper their team their project and ratings in crypto market than have to decide what to do, if you see their are many persons who earnings alot from this market.

[gezhid008]

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 ...

Most ICO is a fraud, not 80% or less. We should distinguish between unsuccessful and fraudulent projects.

Therefore, we must look for potential ICO when reinvesting.

[Clifmeister]

Has anyone heard about this token sale? https://tokensale.menlo.one/en Not sure if this is going to be a thing, but they actually have an interesting plan which is to become a safe market place for ICOs.

Any advice whether or not this is just another vaporware?

[Kasabus]

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 ...

Most ICO is a fraud, not 80% or less. We should distinguish between unsuccessful and fraudulent projects.

Therefore, we must look for potential ICO when reinvesting.

This is a big percentage which should alarm the investors, if they will do research, for sure they will know this and they will
be very careful with their decision and make sure to find a legitimate ICO so their investment will have a chance to give a good ROI.

[okala]

This article really show the condition of icos market and we can actually understand what is happened by investing into some icos.  Actually over 80% of the current icos are scams projects. You have to do your study very well before investing your hard earned money in icos.

[Lexurdania]

Scam ICOs because some peoples exploit new investor. If we have knowledge about cryptocurrency, I am believe we will make a research first before join on ICOs. Beside thats, many ICOs scam because they can deliver their project and they fell to raise fund

[Bobrisky799]

Not 80% of ICO are scams. Maybe 40-50% 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.

[Pecunia non olet]

They should do the research with ICO which raised a lot of money (1 million USD and more) and I think that the result will be quite different.
That is why I prefer investing into succesful ICO like Remme (get now when price is low).

[MikeyVeez]

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 ...

Is there any list of ICOs which have failed? Hope my tokens are not on that list. I am an ICO investor and I can say that it is till profitable investment!

[Dopansam]

In fact, probably even 95% of all ICOs are scammers. The problem is that any big money attracts scams, which then kill the ecosystem of the entire business. It's sad. 

[luongdk]

This amount of fraud is primarily a low-cost bounty of managers. Reduce fraud in the Bounty can only be bountists, be attentive and analyze what you want to participate in, in any way, fraud was and will, you can not get away from it. After registration check the table for the presence of doubles and learn how to screen out failed projects.

[Meimille]

There are definitely ICO scams floating around. To consider it a "scam," The instigators must intentionally have no plans to build something, they only want to raise funds for their pockets. Yes, some may look like a scam, maybe it's just because they are incompetent to begin with - just armed with lofty goals in their whitepaper. Dreamers without skills. I think many fall into this category. Heck, just look at Gofundme - there are many in there.

[Davido1174]

It is mportant thing to do research before joining on ICO. Reading on their whitepaper and looking on their developer team is important. Many ICOs scam right now and its happen because competition on cryptomarket is getting high.
You must carefully study each project.

[FireShark89]

I think one big problem of ICOs is that their community is being "moderated". What I mean is that they remove "undesirable" comments or reviews toward the project that exposes their true intentions. What's worse is that some known or big names are paid by the people behind project themselves to make a "review" and act as if the coin is 100% legit.


I was almost certain that scams would be the death of ICOs. That is until I saw Menlo One. It aims to help the community by being a decentralized market place for ICOs. It's the first of its kind, but I can already see mass adoption within months. Check it out https://www.menlo.one