80% of ICOs are Scams

[Jamescur]

Because ico raises money very quickly and without any supervision!
Many scammers pretend to be blockchain experts to ico scam!
Investing ico should be careful to listen to some expert advice, don't invest by feeling!

[Bella Thorne]

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.

I do not believe that 80% of ICO are scam maybe there are so many ico that is failing but it is not scam, and i am advicing a lot of people that before to invest in ico they should first make sure that the ico is sure success and the ico they will choose should have a good whitepaper.

[Offece]

From where did you took those stats? i am more than certain in that it isn't always the manner which you are claiming in there. let's be practical, the market isn't always precise in the mean time, and there are increasingly scammy cash in the interim, and that is unhappy

[reisuke24]

imagine, when all of ico accepted on exchanger, trade by all of us, its possible to accommodate all of coin on exchanger? and they want to accept i dont know that is good coin or not? there must be much coin and not all coin will trade or accept on exchanger. so there are many zonk coin, that is scam or they are not accepted on exchanger

[Bakemat]

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, those people who thinks that 80% of the ico's in the market are just those people who have been scammed by an ico because they did not check the white paper or the platform.

[Faraha_JJJ]

Yes, agreed. You need to be careful while investing on alt coins. Always do the research, I had a bad experience with one of the ICO where my investemnt stands at 90% loss. Project is dead.

[suckmyBitcoin]

It should not  become that  time-consuming to detect a hoax ITO, simply test the members with their linkedin experiences prudently and choose if they look authentic.

[Q1Z7Y]

I do not think this statement is true. You can not label the whole ecosystem of ICO that people spend years to develop their project and many investors having understood the project invest their hard earn fund into these projects!

[Bambam28]

No, not 80%, but 90. I very often encounter fraudsters, so I am completely confident that this industry should be substantially changed and improved.

[absurde]

%80 is good ratio for scams, in my opinion %90 ico's are scam and they will all disappear from crypto market.
Thats why, major cryptos like Btc and Eth will go their way.

[J Gambler]

I do not think this statement is true. You can not label the whole ecosystem of ICO that people spend years to develop their project and many investors having understood the project invest their hard earn fund into these projects!

80% of ICOS are scam? Hmm, just like the other's opinion I don't believe that 80% of ICOS are scams but we can really avoid scam for your information if we will study and read a lot about projects and when we do not rush things. I can say that there are ICOS which still profitable.

[Nivelir]

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

I also agree, but in fact there are projects that are very promising today and if you specify that the scam projects started to appear with more force precisely in the year 208, then I will completely agree with you.

[R9s]

90% of ICO should be fraudulent, and the remaining 10% will have a chance to succeed! I think investing in ICO is similar to buying a lottery! I do not recommend investing in any ICO projec

[Batzko]

No, not 80%, but 90. I very often encounter fraudsters, so I am completely confident that this industry should be substantially changed and improved.

Unfortunately that is true. When you think about it this was expected because there is no governing authority that will overlook and regulate ICOs but on the other hand we wouldn't want someone having that kind of power now would we? It's a difficult problem to solve.

[Eros1on]

I think 80% is not correct, and 99% ico is a fraud. There have been tens of thousands of ico since 2017, but there are only a few hundred valuable ico, so invest in ico carefully.

[cuteboy2016k]

At the current market condition many ICO are falling and the project team stop ICO. Only some good ICO are success now days, Many countries are banned or regulated crypto currency and it will effect in ICO . Many new ICO's are generating every day, most of them are scam, when you choose a good ICO you should learn from the project and team, read road map and whitepaper, ICO is good investment platform and you can earn good bonus from ICO, if the project success you can earn good money from ICO

[Rich Richi]

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 ...

Its depend to us if we believe that 80% of the ICO from now is totally scam. We are in a possesion of the problem especially in choosing ICO. And sometimes we also have a problem so we think they have the less. There are so many project that are being potentially to be a good project soon. But we are just supposed to have a trust to whom we trust.

I fully agree that there are a lot of good projects with a great future, just how to distinguish them from scammers? You study the project, the idea is not bad, the plans are also chic, the platform is good. As soon as time comes for rewarding, and in response, silence. And then disappear, like as if there was no company.

[ynclksnr321]

Sorry, this is one of our greatest strains right now. Because people are afraid to invest because of such bad projects. This too is affecting the future of bitcoin.

[yanetriwidia]

not 80, maybe 90-95 ico is scam, this problem should fixed soon for everyone benefit, if this situation still going on, people will losing their faith on crypto project, and maybe crypto will die

[gwaposakon]

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 ...

Unfortunately, the report is somewhat right. Many ICOs are just riding the hype of the blockchain and crypto technology that they are being to deceive many people who don't fully study and research what they are investing.