80% of ICOs are Scams

[Gdweru7]

If a startup fail, you don't say that it was a scam. You might say that the management team was weak, the idea was bad, fund management wasn't satisfying, but it means something went wrong, although all the employees did their best. The same applies to ICOs.

[KaramazovBro]

I can say that many ICO projects do pay tokens. But after that you can not sell these tokens, because they are not on the exchanges. I think this is also one of the variants of fraud.

[cuteboy2016k]

Most of the ICO's are scam now days and the peoples are scare about to invest in ICO. in 2016 and 2017 many peoples are involved in ICO and earned good profit, in 2018 ICO's are not success because of bitcoin price fluctuation, more people avoid to invest in ICO, I think ICO is good investment platform and you can earn good money but you should study about good project and invest only you can affordable to lose money, crypto currency and ICO are very risky investment platform.

[contactmike1]

Exactly! Many people can come up with idea that 80% is too much, but it is sad reality. Some projects are scams and even if founder has good intention, bad circumstances can lead to total failure with listing or product development.

[ternyabin]

Exactly! Many people can come up with idea that 80% is too much, but it is sad reality. Some projects are scams and even if founder has good intention, bad circumstances can lead to total failure with listing or product development.

80% is not too much. I think that everyone knows that investing is always a risk, and investing in ICO is a double risk. Now we see that ICO is going through not the best of times, this is due to the fact that too many people want to earn quick money.

[supelle.born]

This is the naked reality of the crypto market. The vast majority of ICOs are scam and many others, even if they are not scam, will fail to achieve their goals.

[Diamond_Darrell]

It is very good that there is a clear definition of what a scam is. And then some people rank among the scammers and good companies that have fallen into the market.

[CryptoGamblingSites]

If a startup fail, you don't say that it was a scam. You might say that the management team was weak, the idea was bad, fund management wasn't satisfying, but it means something went wrong, although all the employees did their best. The same applies to ICOs.

No because ICOs are pretending they will actually TRY with zero risk to them not trying.... they make money regardless...

It is totally different from a startup investment where due diligence is done on the team, assets and products....of which most ICO's have nothing more than a team to take their tokens and unload them after the ICO.

[powerman24]

Do not think that 80 % of ICOs are scam. Projects can fail for different reasons (not raising enough funds and not reaching the soft cap,
no appropriate development, not fulfilling the promises from WP, Roadmap etc. running out of funds, not getting listed on bigger exchanges,
not having active, supporting  community behind  etc) are only some of the reasons of failure. And I would not call them scams.

[lesnik_utsa]

Indeed, a lot of fraudulent projects appeared to date. I would not say that this is very bad, because today these are the rules. The market is not regulated and not tested by anyone, so you need to do a brutal analysis of projects and increase your skills in the selection of companies

[EvgeniyBH]

It is interesting how many ICO's are good if we will count only ICO's with rating higher than 4.0/5.0(8.0/10.0). In your statistics also counts really fake ICO's I think.

[HouruSinkara]

It seems to me that if you wait another year then projects will generally remain very few that really work and percent of scammers will be 90 or more

[ooxtcoo]

Yes exactly. Now in the crypto-currency market and in each country new laws come into force, which tighten the rules for the implementation of ICO projects. And I hope that in a couple of years we will change this indicator in the opposite direction!

[edinorogka]

Cryptocurrency is an innovative digital asset market, and everything happens much faster here. And I don't think there is such a large percentage of scams .

[suigeneris01]

You are very correct there are very much ICO around now that majority of them are scam and not worth investing and wasting time on, a whole lots of others will also find it difficult to reach their softcap and at the end of the day the project is cancelled for their inability to meet the soft cap set. This said, there are also few good ICO around too that is worth doing but one may find it difficult to know the good ICO from the bad ones and that is why one is encouraged as a bounty hunter to keep doing all incase anyone might be a good and profitable ICO

[bjmpoker001]

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 ...

The scammer nowadays is okay to paying peoples who can make fake website or whitepaper. So it became hard to detect the scam one.
But there must be a difference between the fake and real ICO. For achieved that, you must doing your own research before contribute.

[dnsokoljuk]

Must be you are one of the first persons who count percent of scams - that is not easey ) But you are right - a lot of ICO's are scam and not easey to choice good one. But also need  to decide - what means scam? Some project's stop development but do not stole the money of investors.

[Ionzar]

The number of scammers has recently increased significantly. But if you want and due diligence, you can find an interesting option for investment.

[diaeresiscrypto]

it actually depends on you trust ICO is really no scam. but we should not also negative thoughts on all ICO as long as you can be smart to choose a good ISO.

[bitlind]

more and more ICO scam. Because of poor project quality, publishers are always trying to get money from investors. Sadly, investors are increasingly afraid and do not want to join the ICO

Many people want to earn money faster without having any knowledge of real ICO programmes. Most people don't read all the rules of ICO because they have no time to do it. As there reasons they lost money.