80% of ICOs are Scams

[Ayaah]

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 ...

Yes, you are correct as of now thier are a lot of scammed ICO they corrupt all our money. That's is why we need to do a certain research before we decided to choose that ICO. So that we will know that they are purely legit ICO.

[isen]

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.

This can only work in the short term, or the project should be very strong and there are no such ones on the market right now. Now it is more profitable to buy coins on the exchange after the listing.

[Umnikt]

We need to learn to identify good projects, as 20% remain very promising for development.

[Adres8]

So I stopped investing in ICO.  I'd rather buy a coin on the market because it's less risky than investing in ICO.

[bostokves]

Therefore, before investing in ICO or other coins, I advise you to study all information about the company.

[ForTheAzerot]

So it approximately and is. And because of the lack of control over ICO, fraud is rampant. The market needs regulation.

[LuckyMan21]

I do not think that there are so many companies that deceive people. But now there are very many bad ICOs and only gets worse

[Orangeko]

But so the rest of the percentage is very good ICO, which are worthy of attention and investment. I hope this will be corrected soon, and the percentage of good ICO will be much higher .

[Zubnoiti]

Now investing in ICO is very risky and you can lose all your money.  Therefore, I advise you not to risk and not invest in companies that you do not trust.

[Riga]

Yes, I agree with you, most of the projects are scammers. But we should not be upset, because among a lot of scammers you can find some good projects.

[zenfo]

Those people who have more or less understanding of project evaluations can easily avoid scammers. The other thing is that most people are still naive and continue to believe the loud promises.

[myigitcoin]

you are very rigth but percentage can not be, I follow the rating, and sometimes those ICO projects that have gone out of their way, come back, most just stop believing in these projects after this and that's all, this cut a percentage.

[youcansee]

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 ...

Yes, you are correct as of now thier are a lot of scammed ICO they corrupt all our money. That's is why we need to do a certain research before we decided to choose that ICO. So that we will know that they are purely legit ICO.

during this bounty I think to distinguish between good ICOs and deceptive ICOs, it is very difficult. we must prove it by seeing its progress gradually before we decide to join it, and that takes a long time

[aganovalbert]

Dont know about accurate % calculating, but from what i read here on forum i guess it is true, and almost 80% - 90% of all ICOs are scams, which is ridiculous.

[CryptoAlphaStar]

80% of ICOs end up being unsuccessful sounds much more legit to me. 80% of businesses fail sounds legit. I don't think the scams are more than 9-10% of the ICOs.

[jopchekos]

Unfortunately, this is right. So a lot of people lost money when invest in ICO. And now I don`t investing in new projects.

[Fenixsfeather]

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

I don't aree with you. Doverment worry about avoiding of taxes. Scamers aren't a big promlem for them.

[laptevnikita]

Currently there are many not successful ico, as their sales results did not reach softcap. When the market falls I do not recommend participating in the ICO.

[usawa0]

Things will change. I believe in the rebirth of the crypto market. ICO will become more honest and stable

[hollow]

80% of ICOs end up being unsuccessful sounds much more legit to me. 80% of businesses fail sounds legit. I don't think the scams are more than 9-10% of the ICOs.

Yes, some can not raise funds, some can not release a good product in the end.This does not mean scams, this means that people do not know how to plan correctly or do not cope with the task.