80% of ICOs are Scams

[paulscathedral]

Now the sphere of ICO has become a pure business solely for the sake of money. The team is engaged in the "development " of the project only for the sake of raising money on ICO. After that, the project is slowly closed, or its price falls to the bottom, where it becomes a object for pumps.

[Kenrich]

At present, there are many ICO failures due to the failure of sales results. There may be some reasons, but if token sales reach the hard disk, it will make the ICO project a successful ICO. In my opinion, only 60 perscent.

[laiya94]

Yehh, that's a huge issue. I think this is the reason for governments not ready to accept crypto currencies.

[sadiem]

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 don't see if ICO that scam reaches 80%. So far I am following project ICO, ICO I got was a success. There are many ways to get the excellent ICO and certainly, it should be with the process. You should be careful before deciding to follow the ICO project.

[Okonnir]

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 ...

Now a lot of ICO scams and I advise not to risk and it is better to buy coins later on the market.

[Mrvalentine]

According to the study, total funding of coins and tokens in 2017 amounted to $11.9 billion. $1.34 billion (11 percent) of ICO funding went to scams, the vast majority went to three large scammy projects; Pincoin ($660 million), Arisebank ($600 million), and Savedroid ($50 million), which together equal $1.31 billion. This suggests that while a large number of ICOs were scams, they received very little funding when compared with the industry as a whole.

[Ini35]

We may have hundreds or thousands of ICOs, those that will eventually succeed might not be up to 5%. There are some developers who already know that their project or coin cannot succeed, yet they will try all means to make their money before abandoning the project.

[zvezdopad]

ICO scam is much less than 80%.  But anyway before I advise you to check the information about the company.

[jikurpa]

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 ...

maybe with what you convey it can make other investors more careful in choosing ico more thoroughly and maybe it is the risk that we will get in the investment

[reality18]

Allocating 80% of all ICOs to be scam is a great blow to the crypto industry as it can cause panic in investors who might wish to invest in cryptocurrency. ICOs becoming unsuccessful does not necessarily means it is scam, perhaps it was managed by inexperienced team without any expertise in crypto.

[maunbot]

maybe it can be said like that, but there are still many ico who succeed. it seems like you don't need to say that, because we don't know for sure. I followed ico several times and always got results.

[on889519@gmail.com]

Yes, I agree most of them are phishing. One of the ICO's plots is Bitcard, a startup that promises developers a smart contract platform and biometric testing that will break and overhaul current business practices. Shortly after the ICO closed, the project was disbanded and the investment was never recovered. So we need to choose the project that we want to participate in

[Skoroded]

investments are big risks . before investing in ico, you should be well-versed in them

[Pajdo]

I am afraid this is really true.
80% if ICOs seems to be a scam lately.
I particulary hates those who will take your money and in the case soft cap is not reached, don`t want to return it.
Scams are everywhere.
Be carefull guys.

[Xexen4]

in these days, some of published icos whitepapers are just copied from anothers. the same sentences same sections and same chapters. stay away anyone of them. icos are only the easy way to earn money. i invest little of my portfolio to icos already made a MVP or working demo.

[Vit83]

Why do you so optimistically) I think 98-99% won't made their investors reach) About real scum I think about 10-20% of total ICOs are real scum, not more.

[cleverhope]

In 2017 ICOs collected a lot of money, so greedy people come to crypto. And now we can see, that really near 80% ICO are scam. Investors do not want bring money and a lot of projects cant collect even softcap. BUT, i think that scam is not only unfair project, but it is project, that cant get listing on exchange, has weak development, does not hear investros.

[sunbeam1888]

Yehh, that's a huge issue. I think this is the reason for governments not ready to accept crypto currencies.

The government is really afraid of taking large-scale crypto-currencies, I think that this bud has greatly reduced a lot of scam.

[bazar111]

Now there are a lot of projects. But the market is not positive and the investors do not want to invest. Even a good project is very difficult to get softcap. So there are so many unsuccessful ICO

I agree with you, It is very difficult now to earn good money on ICO, only strong hyip projects can give you profit in a short-term.

[Deku]

I am afraid this is really true.
80% if ICOs seems to be a scam lately.
I particulary hates those who will take your money and in the case soft cap is not reached, don`t want to return it.
Scams are everywhere.
Be carefull guys.

yes you are right
must be careful to enter ico
we need very strong research so as not to be deceived by bad people to scam

Sometimes we actually have a lot of ico where I even get a scam, too many people complain about scams every time, we don't even know the real project anymore, but we just have to believe the project we are doing is real.