80% of ICOs are Scams

[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.

[gerjiss]

It's the truth. In fact, there are quite a few projects that do not conduct ICO, but look for investors on their own and their projects enter the market and are quite good and successful.

[lulutika]

Just like what you say
So you need to have knowledge of this field, not at all it is good for you

[Red Ron]

Yes, very much scams. I think this is the last year when such ICO is held. The following year, or completely change the rules of the game, or the ICO will disappear in this form

[Rosilito]

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 ...

Wow! Where have you get such data? You do have the percentage on how large the scammers is. Is it credible or it is just a mere assumption of you. Well I don't agree if you drop down stats having no authentic evidences, well, mostly is the thing you should say that most of ICO are just scams. We cannot afford to drop down assumption with no evidences, after all we are the one who have to be blamed getting out of scam. Because we are lack of criticizing an ICO before lending out a money to it. Probably we could had avoid it if we put some strong awareness before digging into it.

[josephyer]

In 2017, many ico are fraudulent, but most investors have made a lot of money. After the saturation period of the market, many ico are losing money.

[jiop111]

I think that more than 80% of ico are scams and even more scams. Currently ico does not have a clear regulatory policy, so many people joined the scam. Investors should be vigilant

[vuanhquan]

Now there are a lot of fraudulent projects, one day with thousands of projects being created, please select carefully before joining any ICO project, you can refer to https://icoreview.site

[Bunmi1989]

I think more than 80% are scam more reason some countries won't allow their citizens to participate in ico. I think in the future we will all be safe from all this fake ico

[mcconah]

The existence, interest and popularity of ICO is remarkable day by day. The bitter fact that with the growing popularity of ICO is accompanied by the many ICO scams we have to accept with patience. At least of the many ICOs there are still some legitimate ones, and we have to improve the skills for picky and choose ICO.

[fedykog]

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 ...

Fidelity is okay, it's hard to find a project that is not a scam, I myself have more than once caught up with such projects and it's dinner, because you lose your money and time !!! I'm angry.

[Jimmy Wong]

I know 1 legit ICO. This is Fondo Network ICO. The firt SE-ICO in the world.

The SEICO (Secured and Ensured ICO — ICO 3.0) is ICO’s most revolutionary breakthrough, ensuring the benefits to investors in the face of dramatic market changes. SEICO is an ICO that combines two forms of Secured ICO and Ensured ICO. While Secured ICO mitigates investment risk, Ensured ICO increases its margins further.

Click here to see more information.

[babarian]

80%, or maybe more? or could it be less? from where can you mention 80%? do you have any concrete data? or is this just your prediction without any foundation?

[cacucacok91]

I think the percentage of fraud is much more than 80 percent. But there are also a lot of projects now, so it is not difficult to find a worthy project. Personally, I think so

[Cryptomonyet]

Most of them is scam, but I think it's not more than 80% ICO is a fraud. I still see a lot of ICO that success even more than 50%.

[green.grass38]

I think most ICOs are risky. Just a little more risk. All projects do not really serve life, are ideas for the future so cannot avoid failure. Many projects with the intention of scam from the beginning are unavoidable to less knowledgeable investors. Therefore, it is necessary to cultivate knowledge before investing.

[drrekkty]

It is very sad statistic. But there are a lot of worthy projects to invest.
Try to select right one and don't put all of your money in 1-2 ICO, diversify your risks!

[Impros88]

 I would say that 80% of icos are not scam, they are just unsuccessful. The fact that ICO doesn't get enough money don't make the ICO a scam.

[jin_dv]

Hi, everybody. I agree that a lot of ICO projects belong to the bench, but still not 80%. Simply, you need to spend a lot of time and effort to view and analyze each project. It is certainly difficult, and sometimes you get tired of it, but there comes an understanding of what a project is really worth your time.

[Thaoni21]

I do not think so . If a project was born only to list trading floors it would not be considered "Scam". You can make a profit by participating in these projects right from where. Project types like this will not live long in the market.
Successful ICO projects can also become "Scam" projects. They may decide to stop the project at any time. It is impossible to know when to enter the market right now.