80% of ICOs are Scams

[DanWork]

I wouldn't say that most ICOs are scam, but rather will never lead to anywhere, like most businesses. The space is too crowded. Most are not worth it, but necessarily a scam.

[joinfree]

There are a lot of scammy icos but it does not mean that all of them are just purely scam, because it is not true. I have already inveested on a lot of them and none of them scammed me already.

[sangqung]

I think 95% of the ico is fraud, which is to defraud the investor's money, and then increase the encryption price, and investors buy more expensive encryption to lose money.

[m0Ray]

I don't think 80% of ICOs are created as scams, some of them just couldn't deliver. You just shouldn’t invest in anything until you researched it from all possible angles.                                                                  

[andor.gellenhidi]

This is probably very much, I think that statistics show fewer scams of projects, as a result today we still have a very small number of normal projects, and if they are, then in the end very many projects can not raise money for the project.

[kovpet11]

Could not disagree more. ICOs are like the real world startups. If a startup fail, you don't say that it was a scam. You might say that the management team was weak, the idea was bad, fund management wasn't satisfying, but it means something went wrong, although all the employees did their best. The same applies to ICOs. If they raise 10M usd and then fail in the following years, means nothing else, just the normal procedure and lifecycle of startups.

[timmmers]

Could not disagree more. ICOs are like the real world startups. If a startup fail, you don't say that it was a scam. You might say that the management team was weak, the idea was bad, fund management wasn't satisfying, but it means something went wrong, although all the employees did their best. The same applies to ICOs. If they raise 10M usd and then fail in the following years, means nothing else, just the normal procedure and lifecycle of startups.

True, you can invest into ICO which will multiply your investment or you will invest into ICO which die and you will lose your money.
Every investment is risky.

[dark08]

Could not disagree more. ICOs are like the real world startups. If a startup fail, you don't say that it was a scam. You might say that the management team was weak, the idea was bad, fund management wasn't satisfying, but it means something went wrong, although all the employees did their best. The same applies to ICOs. If they raise 10M usd and then fail in the following years, means nothing else, just the normal procedure and lifecycle of startups.

Hmm you have a point to your idea dude an ico project need a strong team to be success in this cryptoworld but what I see more and more ico project turning to scam this is really bad and sad for all participant of ico project.

[Melech]

I don't think many are scams, a lot of them just fail, there's a lot more competition than last year and less buyers.

Many ideas have already been implemented and those projects that try to replicate the success of previous projects fail. It seems to me that now in order to avoid fraud, you have to choose ICO with a famous team and a new idea. Although there are very few such projects on the market.

[minlirto]

I think 95% of the ico is fraud, which is to defraud the investor's money, and then increase the encryption price, and investors buy more expensive encryption to lose money.

You are wrong.  Scam projects are much smaller.  Now a lot of projects that do not reach the soft cap.

[farland7]

The scam ICOs is why people lose faith in the cryptos as a concept. They give crypto a bad name. Until the state regulates thy crypto market, investors won't be protected from scammers.

[dlhezter]

Could not disagree more. ICOs are like the real world startups. If a startup fail, you don't say that it was a scam. You might say that the management team was weak, the idea was bad, fund management wasn't satisfying, but it means something went wrong, although all the employees did their best. The same applies to ICOs. If they raise 10M usd and then fail in the following years, means nothing else, just the normal procedure and lifecycle of startups.

Yes it is true that the ICO that we have seen are most likely scams, but there are few projects that is also paying, but the number of scam ICO are growing and it has taken away money from real investors as a result of market breakdown, it must be stop, before joining an ICO, you must study first the project and its road map and its success rate.

[gabchuks]

The fact is you are right. I have come across many of this scam icos and people rushing into it. This has made it difficult for people to detect the legit from scam projects. Hopefully there will be a better solution to solve this

[tom14cat14]

Unfortunately you are right, about 80% of ICO are scams. But this is just for now. I think in the next few years we will see a big decrease of scamers. People become more clever and they will not support fake projects.

[timoshani]

The biggest number of scams in ICO are connected with the simplicity of attraction a bigger number of people at the project and distribution of advertising about a similar way of earnings on the Internet.

[feelideb]

Eighty percent of ico can not be said to ve scam when these ICO are yet to develop into full fledged service or product that is serving a particular niche in the market or in real world applications. Let be diligent to invest and observe to contribute.

[MoonIsBlue]

First, your post is posted in the wrong section.
Second, most ICO projects are just hype, which is why countries are adopting laws to restrict ICO.

And IPOs are not? Its the exact same principle. Been scammed myself once on an ICO but after that, never again. It isn't hard to differentiate the scams from the legit and the winners from the losers, its really simple but people who come into this space have absolutely no clue what they are doing and buy anything with the word blockchain in it. And his post is not posted in the wrong section, it is not an accusation.

[solnechno]

Among them, there are many good projects, I disagree, I am sure that less than 80% are scammers. In any sphere of life there are scammers, so do not despair and be careful

[Etanllah]

the problem of icos right now that they are all erc20 and programmer even dont do blockhain they just use etherium erc20 and just making new project, so because of it they can just make more and more projects and not focus on product.

[DamilolaB]

Although this is just an assertion but I quite agree with it because we are in a market that does not have strict management and strict inspection of licenses and certifications to operate in the crypto business. Therefore, any form or team can build and form capital mobilization. That means, it carries a certain amount of risk if we do not look carefully, we can lose our money because most of these scam devs are out there to cart away with investors funds.