80% of ICOs are Scams

[Caogou]

Hello there. friend. I think the ICO of the cryptocurrency. More horrible than you think. I think this scam exceeds 80%. He may be higher. Some are on the platform. But the coins on the platform became waste.

[waaat?]

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]

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]

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]

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]

I think the project scam is much smaller.  Now a lot of projects that have not reached the soft cap.

[Nelly.G0211]

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

[gerkuless]

Yes, now there are many bad projects and a lot of scam projects.  But there are also promising successful projects.

[Lubang Bawah]

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.

[Kasabus]

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.

[biogesic]

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]

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]

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]

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]

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]

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]

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.

[Masyudhi]

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.

[cryptomichael87]

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.   

[emmiebrizzie]

Yea.. that is true. but i dont believe 80% of them are scam ICOs. They are lots of good ICOs out there