80% of ICOs are Scams

[Walionn]

Unfortunately, the statistics are really very deplorable. There are also good projects, we should be more careful when choosing.

[zavodskoi3]

I do not agree that 80 percent of these are scammers, I think that less projects simply do not collect money because of the collapse of the market, closer to the autumn the situation will change. Do not despair, this moment must wait.

[gasparik87]

Statistics are a stubborn thing. If 80% of the fraud in the ico, I'm afraid we will not avoid market regulation in the near future.

[heureca]

Probably that 80% of scammed ICO is true. However, all investors can decrease risks of scammed ICO by evaluating projects before investing

[Batzko]

Probably that 80% of scammed ICO is true. However, all investors can decrease risks of scammed ICO by evaluating projects before investing

And by investing in several ICOs at the same time. You get the bigger chance to succeed if you have multiple potential sources of income.

[rysheeer]

Yep, there are a lot of projects that is too good to be true like they got solution to every problem. I only trust ICO's that is being managed by a professional company or platform, because I'm pretty sure they're researching before handling every ICO.

[asadovski]

complete agreement. to make good money on ico, you need to do at least 2 projects per day

[ps]

As a person who did invested in a few ICOs before and the one who is doing ICO for my own company - here is my test to find out who is scam and who is not. This test is applicable to ICOs which are about software solutions. Unfortunately 90% of software ICOs fail that test.

[El duderino_]

what are general thoughts on RSK - rootstock ICO ?
is here a place to ask? talk about this ? just have a buy oppertunity ....

[rosmerius]

The ICO that scam, in my opinion, is not that big of its percentage. Most people who get ICO fail because they are not able to run their mission smoothly and on target, they will assume that ICO is a scam. And the truth is they are not a scam. So it makes a large percentage of ICO scam. ICO failing also has a variety of reasons, ranging from team performance, ICO creativity, and also the factor of the development of the price of crypto is not good.

[cherepashkis]

I agree with you and also believe that recently a lot of scams in the ICO.

[valentine401]

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 ...

In my own opinion, its not true that 80% of the ico's are scam because if that happen's then there will be no more altcoins today that will be going to released in the market so just try to study their platform before investing a huge amount.

[maxi32]

If you're not going to read the article at least read the title correctly. Just from the article title alone we can see you're wrong on in your assumption. If 80% are scams and only 8% made it to the exchange, it is not counting coins that did not make it onto exchanges as scams, otherwise it'd be 92% instead of 80%.

[Forward_Thinking]

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 ...

In my own opinion, its not true that 80% of the ico's are scam because if that happen's then there will be no more altcoins today that will be going to released in the market so just try to study their platform before investing a huge amount.

Did you read the study before posting? That report says 80% of ICOs never even intended to do what they said they would do. That just means 80% of the ICOs you see advertised are pure junk. That does not mean 80% of altcoins are pure junk.

[NetCastle]

People come up with new ICO just to make money and not think about the future. Too few have remained useful ICO projects that can help our society.

[Cryptopal2]

yeah that could be true , most of the ICOs are not successful . we have to do a good research if we gonna invest  in an ICO

[Dump3er]

I wish that number was true. I fear it is going to converge more or less towards 100%. Maybe 5% of ICOs can deliver some success. Just think about how many there are and how many will be launched. 20% success rate would be incredible.

[celakkenyang]

Yes I feel that way. the number of failed ico and scam this year made investors unsure of the ico project. investors only need ico that has a long term advantage.

[Fourgh]

People should really need to study and do some reseaech before diving in to those iCO's to avoid heart aches and losses in their investment. Stop thinking about BITCOIN or ICO's as an easy way to be rich, it's not.

[BTCreward]

The statistics are sad and in fact now more than 80 percent of the ICO. I hope that this issue will be regulated in some way, because it only worsens the situation of cryptocurrencies.