80% of ICOs are Scams

[Frenc4man]

So it is, no one controls the ICO, and there is no punishment. The ICO must undergo radical changes, and then the credibility of them must be restored

[feranmi2018]

Yes and I think people are just creating all this project to steal people bitcoin and ethereum and other coins and tokens because there's no body that's regulating ico

[Anzal RK]

What 80% ICO scam

Are you sure about it.
Yeahh, i know many ICO is scam and that make an investor is strart doubt to crypto.
But, 80% is too big for me i think 50% is right.
Because some ICO is success.

[charlop24]

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 ...

It's quite unfortunate to see the records that majority of ICO's don't intend delivering the project as promised. One needs to be very careful before making any financial commitment on any ICO because majority of them are only interested in raising funds with vague promises.

[Swati Kapoor]

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 agree with you but...most ICO projects are just hype, which is why countries are adopting laws to restrict ICO. Many good ICO onn the way with nice project : scidex (new ICO).

[vasilvas15]

Now there is a boom in holding different ICOs, and you can get on dishonest people who want to raise money. Also, many projects do not collect the right amount.

[Medyna]

Yes, now there are a lot of projects that will be skipped. And it's not just that they run away with money. The point is basically that they lack a strong team, a clear idea, good PR. Most of the projects that are starting to collect money are doomed to failure ...

[cleante]

I bought 2 ıcos in december and still waiting for them to list in an exchange.They stole our money and all team is lost now.Think twice before investing an ico.

[freebitcoins4u]

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 ...

This year many icos are scam, because of market, because of easy money, because of regulations, so just choose your investments more wisely and dont invest into shit coin.

[Baxta]

You call the exaggerated figure in fact the number of frauds is much less. At the moment, I've had a pause in investing because of the lack of a lot of free money.

[MasterCATZ]

It is very difficult to choose a good ICO, sometimes my friend helps with the choice, he is in this business longer than me and has a good experience in recognizing scams, everything comes with experience.

[Jimboqs]

Yes, recently I do not see successful ICO, all new ICO are some unpromising and I can say in advance that you should not expect success from such projects.

[pantsme]

Agree!  I think a ton of projects that are coming out, ICOs, are just using blockchain to ride the hype.  I always ask myself this simple question before investing in anything ... "could this project work with Ethereum as it's base currency?".  If this answer is yes, then I do not invest.  No reason to have thousands of different tokens when they could just as easily use Eth instead.

[Larochka]

Such are the realities of the modern world, we have to choose very carefully the majority of projects and only a few can be successful. You correctly say that 80% of the projects are scammers.

[Ricowavy]

I think with posts like this, the consciousness of investors will be re-awakened and a lot of research would be done before parting with your hard earned money only to invest in a scam project. Few years from now cryptospace will no longer be a hub for these scammers as people are starting to learn from previous lessons everyday and sight  this scumbags from afar.

[Netcave]

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 ...

Fraud or not actually depends on us who choose. In the current era, I think it's embarrassing if you are still exposed to fraud, because a lot of media that we can get to determine the best ico. Be an intelligent player.

[Cemploon]

We cannot deduce how many percent. Because until now we don't know where the ICO project runs a scam or are going to be successful. Because this project depends very much of the proceeds of the token. While this sale could not predict whether it will be successful or not.

[websing]

Sadly researchers did not make any research on how to identify the legit projects with 99% accuracy or in fact I will put my stakes in may ICO that has 70% of chance for its success in the future. I mean that would be dream come true if there is any analysis that goes like that way, what do we have to loose if we are already loosing thosuand like that.

[Wolf_Pack]

First, your post is posted in the wrong section.
Second, most ICO projects are just hype, which is why countries are adopting laws to restrict ICO.

Is there a way to stop this Hype? Too much shitcoin that only makes the developers get personal benefits. It doesn't make much sense when there are too many ways of payment circulating in cryptocurrency and most people don't know its function

[zhaichi11]

There are many ico nowadays. Some become successful because of the dedication of the devs to that project, some are really has a potential because of the good platform of that ico and there are many ico now that are scam or failed to collect enough funds .