80% of ICOs are Scams

[vladisad]

Because there are no rules governing the ICO, more and more new ICOs are emerging every day. I also feel that most of them end up failing or even scam. But of course some of them still have a legit ICO.

[Mandarava]

Well, I would not say that straight 80% is a Scam,I would say that 30% percent of scams, just many still spend Pre ISO, or can not yet go to full-fledged exchanges, etc., as well as projects worthy of a lot, waiting and seeing what will come out,I'm sure that the market in 19godu will be quite different,that many will go to the blockchain

This information is real. Some time ago, experts conducted research on this matter. About 80-85 percent of the projects are scam. Some projects show this immediately, and others - after a while.

[gabinsight]

So many ICOs are scams, but I disagree with the 80% I think that is exagerated. I think we have more failed projects than scams.

[futuristishe]

Well, I do not think that every failed project is scammers! Yes, a lot of scams, but there are those projects that because of the irrelevance did not raise funds for development! do not consider such projects as scams!

[mashina65]

I agree, 3 of the far project in which I participated, everything was Scam, so trust is lost, like all the information was appropriate and convincing, but in the end I was disappointed

[sne.su]

Not 80, 95!  
Usually business is considered successful if it works for 5 years. Cryptocurrency is an innovative digital asset market, and here everything happens much faster. But not instantly. Therefore, it is necessary to draw conclusions about the ICO two years after the listing of the tokens on the exchanges.  

[Chacha1000]

I totally disagree with you

[saycryptohello]

I would like to say that we also call scam projects that they are not, that is, they simply did not succeed in making a successful project.

[ifightformerkel]

Many of the projects which hold the ICO, really are scams. In fact, only occasionally there are projects that are worth investing in, but we see new projects every day.

[alahmadcoin]

It is just our duty to see if some ICO project merits partaking on the grounds that there are such a large number of phony ones in the market that you do need to invest energy and research before going along with them.

[s4l1wu]

I do not agree if 80% ICO is a scam, it could be ICO is not completed sales or can be said not successful view of the team that is less efficient in work and marketing conditions that are not possible. indeed as bounty hunter many experienced scam but many also bounty hunter who did not get paid because ICO is not a success

[Sithara007]

There is hardly any regulation on the ICOs and that is why so many scammers are coming up with their fake projects. It must be made mandatory for the ICO promoters to deposit a small amount of ETH in escrow before they start accepting investments for their project.

[giaoduc24h]

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 ...

I think that this number is greater than, must up to 95%

[Vladique]

I think this percentage is even greater than 80. Every day I read about the next scam project, I think in the future with the development of the crypto industry, the percentage of the scam will fall

[Jericka D Ranillo]

I guess it just 50% well there are still real prohect had an ICO but unfortunately they didnt meet even soft cap of the token sale so turn them to not continue the the development of the project. Just because of market situation more investor is on hold now and not joining any ICO. Even the best project struggling to reached the hard cap

[HugoHeasia]

Recently, a study was conducted of all the launched ICO projects, then according to statistics about 18% are considered scammers. If it were the opposite, the cryptocurrency would not exist, people would stop believing in it. There are still many ico that have good potential. You could have seen some nice ico in bountyhive. Therefore many ico which I think is very potential like ico Velix.ID

[morphic]

Most ICO projects are just hype, and they have no practical use, so the risk of investing in ICO is very large, but there are still good ICO projects. As long as you can find out, then you will get a huge profit.

[fraggyb]

Official statistics do not know anybody, but the fact that there is a certain truth in this is an indisputable fact. Therefore, from fraud, no one is insured, the earnings in this sphere is rather doubtful.

[fraggyb]

Perhaps there is some truth in this, but the fact that it is possible to earn a little on this is an obvious fact. Therefore, risk and earn.

[Ritaaa]

th for all we know they may have counted bch because they kept hearing it being called a scam by the core trolls. with a number as high as 80% i wouldn't be surprised if joke cryptos like doge coin or garlicoin are counted as scams too. the "study" is meaningless if we can't even check which cryptos they evaluated.