80% of ICOs are Scams

[sebastianlbj]

No doubt some of the ICOs are scamers they come in market advertised sell token collect money than no idea where are they but its not all its minority so we have to check first company profile whitepaper their team their project and ratings in crypto market than have to decide what to do, if you see their are many persons who earnings alot from this market.

[camnhungg666]

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.

[Btcirene88]

Yes, that is correct, over 80% of the ICO's now a days are scam this because of the popularity of digita currency today makes scammers want to fraud each participants and investors. Better to research good ICO into the forum to avoid mistake on fake ICO's this time.

[jupppo]

Unfortunately, this is indeed the case. in March, the consulting company Satis Group LLC published its own research, which allowed to determine the state of the global ICO-market. It turned out that about 80% of such projects are fraudulent, and only 8% get to go to the listing on trading floors.

[AoniOn]

Yes, that is correct, over 80% of the ICO's now a days are scam this because of the popularity of digita currency today makes scammers want to fraud each participants and investors. Better to research good ICO into the forum to avoid mistake on fake ICO's this time.

I think that's not true. I never get caught by scammers. I just carefully check the project not only for fraud, but also for the importance and try to predict the demand.

[okeanis]

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 agree, there are now really many projects, but there are less than 80% of such projects.

[prostevino]

I don't believe that 80% are scams. Of course sadly there are people who are trying to take advantage of the system with little to no regulations (as in any business sphere). But I feel that people are too quick to label a ICO a scam. If a business fails and you lose your money would you call it a scam? No, it's just because they are ICOs people throw that term around.

I feel that most just fail because of it's weaknesses, such as poor idea, weak team etc.

[Sithara007]

Yes, that is correct, over 80% of the ICO's now a days are scam this because of the popularity of digita currency today makes scammers want to fraud each participants and investors. Better to research good ICO into the forum to avoid mistake on fake ICO's this time.

The problem is that nowadays anyone can start an ICO. Obviously in some of the countries, the ICOs are either banned or under strict regulations... but then there are a lot many where there are no restrictions at all.

[eye-con]

that's true, almost 80% or higher of ico's are scam, it became in demand, and most of icos are being used by the scammers to collect more money from the community.

[monmoni]

Unfortunately yes it does, only few of them is real project with real product and real team. Its really hard to find one of them and stay away from scams. Just be careful there are really project that really worthless.

[cryptoblazter]

It can't be denied that most ico are very hard to be trust for. But still there are still few of them can be a tools for us to earn here, as long as

they know how to choose good ico in the forum. And to be honest, it hard to distinguish on which of the ico is not true they are very difficult to

guess in, so much better to be careful as much as possible.

[greenklo]

I advise you before investing in ICO to study the company.  And I advise you not to invest all the money in the ICO.

[kristinkamal01]

just so for the time being in the market I do not see any good proet which can really raise funds and then develop and grow in price, so be very attentive when choosing a project

[annstasia009]

I even want to say that at this time, perhaps this figure is even higher than 90 percent, since for a long time I can not find a good project, so be careful in choosing a project

[gendang_cinta]

from what I am observing right now, many ICOs are scamp, and most of the cause is due to lack of funds or sellers who do not reach the target. and there are good ICO vendors but the team does not develop the project well. so now we have to be more careful in choosing ICO observe every aspect of starting from the development team and also the concept.

[PilosopongTacio]

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 ...

81 percent is quite alarming. Whether the study has 70-90 percent accurate it doesnt matter, its obvious that there are a lot of fake ICO's today. This is why, we follow every necessary steps to follow guidelines and to determine what is real or not. We study the project first, research a lot, read their whitepaper to know the details of their platform, check their website and their social media pages, check the number of participants and investors. Then by doing that you lessen the probability of getting into a scam.

[Sanderion]

from what I am observing right now, many ICOs are scamp, and most of the cause is due to lack of funds or sellers who do not reach the target. and there are good ICO vendors but the team does not develop the project well. so now we have to be more careful in choosing ICO observe every aspect of starting from the development team and also the concept.

More and more projects appear on the market, and the percentage of fraudulent projects is growing. The market is now similar to the Wild West - no rules. So you have to be careful and cautious. But if there were no such risks - there would be no such profits! For this we love crypto-currencies!

[Filds]

not to get on a scam project - you need to carefully check all the social networks and read the whitepaper

[yantorobi]

not all ICO is a scam because in fact there are so many ICOs or projects that have been successful so far and a few that I think are scam, and that certainly does not make us to panic in investing in ICO, even though there are such incidents

[dnsokoljuk]

I don't count myself - but must be that's true. And this situation has bring nagative to another cryptocurrencyes and make for them a bad reputation. I think that situation will changes in nearest time, whe communitu became more wisdom on this market.