80% of ICOs are Scams

[sergey1301]

90% of ICA are Scams. Compared to 2017, such ICO is becoming more and more. And that's a problem for us! To select normal designs.

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[IrReAr]

Some ICO projects have an awful site and fake developer profiles. I think that such rubbish can not be entered into statistics.

[Royal Jelly]

Indeed more ICO scam than ICO is legitimate. Of the 10 ICO that I follow maybe only about 2-3 that turned out good, the rest ended random. ICO is popular, very popular. This phenomenon is used to raise funds by perpetrators of fraud who then fled.

[beautygirl816]

I think that not 80 % but every second Ico is scam.The founders and devs just collect money from naive investors and pretend doing something with their projects.Some of them just escape with money.

[annajewel100]

investing in ICOs is not like a guaranteed lottery. you have to look into the founders and their history, look at the problem they are trying to solve, sometimes things sound too good to be true and they are. also look in the whitepapers and see if there are any flaws.

[RagnarosF]

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

[JRDuran]

Yeah right. That is why the economy will affected badly because  of the scam ICO which is bigger in number than the real one, thus the image of crypto currency  and the blockchain us broken and become a scary thing for the others perspective.

[Nelly.G0211]

I don't think that 80% of all ICO projects are scam.. really.. There are lots of scam projects, but I would never believe such statistics. Cause people would stop participate in public sales, if it was right.
There are also many projects that cannot complete their roadmaps. the situation in crypto world is tough now, so we should be very precise and meticulous when choosing a project to invest.

[Bay_Harbour_Butcher]

I do not think most ICOs are scam, but most ico fails, this failure occurs because of not reaching softcap that has been planned in ico sale, there are very many aspects that make ico failed, such as lack of promotion, team profile less recognizable or information which is not enough, the idea of ico project is less good so the lack of interest of investors and others

[bitivan]

I can't agree that 80% of them are scam, but i have no doubt that 80% of them care more about the money than their product.

[Decentradical]

Yes, there are a lot of scammers now. And it makes me very upset. It seems to me that before they were much less. Now it is very difficult to find a good project for investment.

[Quarantine34]

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, most of the ICO are scams, but some are not scam but some are getting failed, being dead, Failed, because they fail to get some funds to get the project move forward, and some are only scam, getting your money to nothing, some are gone, just like sscam ICO's. But there is 20% of ICO and bounty that is legit, and getting successful so it's us to decide, to pick a good ICO.

[Blinker123]

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, it is most of the ICO now are scams, so for me if you will invest better to check first all about the ICO, research a little bit about the platform and the team. But when the ICO gets failed, your money will get back and you must move on. The project gets failed because they didn't reach the fund that the ICO needs.

[smile226688]

Most of the ICOs are scams and it is very difficult to identify which one  is genuine. So check the team and project before taking part.

[hegewrw]

I agree.  Now it is very difficult to find a good and promising company.  I advise you to be careful.

[Basketball5]

interesting research and figures. I knew that many ICO projects were fraudulent, but I did not think that it was 81%. Of course there are good and promising projects, but We need to be more careful when choosing projects that we intend to invest into

[loyseu]

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 ...

Well nowadays as bitcoin's value is low than the previous value people who run some ICOs choose to scam people to get their loss by that, scamming people because it is the easiest way to get back or gain back what they loss.

[kolsernik]

80% is too much.It is necessary to conduct an independent audit and put the correct assessment.I think the grades are too high.

[gabchuks]

This is true, many ico are scam and we cannot know which is real or fake. Over the time I have been in crypto I have experienced many of scam ico but that should not make me give up because I know there are still good ones out there

[Cloud_miner]

80% is too much.It is necessary to conduct an independent audit and put the correct assessment.I think the grades are too high.

In fact, these are the conclusions of experts, not the words of a simple person. A group of specialists investigated this and came to this conclusion. Therefore, these are real figures.