80% of ICOs are Scams

[kahrde]

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

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[bitok_1979]

Well, of course, 80% is too much, but I think that somewhere around 50/50 at the moment may be true, but personally I have met up to now two such projects

[GokeVN]

I am a believer but to the point that I do not agree the findings that 80% of the ICOs are scams , not really that figure no one shows as the statistics , I do not say that there is no scams but there is a few we can not prevent that , but not to many ICO scam i believe in that. But this does not stop people from further testing themselves in this direction. This is a revolution in the crypt and brings both profit and new players who are able to influence and create competition to certain tops. scams are everywhere on internet outside internet well but ico are may or may nt be fully be scam but the growth of icos really made people talk more about ico they may be probably scam because of ico turnover collection.

[natsu01]

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 ...

As we can all see, most ICOs right now are scam and not trusted by expert investors to invest our funds with. According to the research, crypto analysts say that out of 100% of all number of new published ICOs, almost 90% of them are scam and the remaining 10% is still profitable to invest with. In this case, we must be knowledgeable enough before investing on projects.

[nwosuchristabe2]

It's actually an obvious fact that majority of ICO's has no intention of fulfilling their promises. Most are only concerned about getting investors funds. Its quite amazing that the percentage is this high. I do hope that some regulations would be enacted to bringing this fraudulent ICO's initiators to book.

[vasil777]

I want to tell you that all ICO is a scam. I think soon there will be some legal measures and the holding of ICO will be banned all over the world, unfortunately.

[Perfect35]

There are lots of scam projects that efface immediately after collect the money of investors. This reminds me of a project called impressio. It did the same and so many investors fell prey of it.

[runor]

As soon as they can settle the ICO legally, it will immediately turn out to demand something from the projects, but so far there are no strict limitations, so there are a lot of scammers!

[LoneWolfZ]

I think more than 80% are scam more reason some countries won't allow their citizens to participate in ico. I think in the future we will all be safe from all this fake ico

How is that? They're scam because they made a choice to scam people and leave (alot more profitable), how the less participants made them scam?

[ice098]

I think more than 80% are scam more reason some countries won't allow their citizens to participate in ico. I think in the future we will all be safe from all this fake ico

How is that? They're scam because they made a choice to scam people and leave (alot more profitable), how the less participants made them scam?

I think ICO nowadays most of them are scam and I think there are more than 80% scam ICO because many people are complaining about it ,so I think we can mostly encounter a scam ICO, but I'm hoping that soon will be more safe to invest unlike today that mostly are not safe because possibly to be scam. Also I think it's better to be be careful of choosing ICO so you might avoid being scam.

[Disclaimert]

I am very afraid to invest in an ICO at this time because they are many fraudulent curves so many investors are deceived and give up their money stolen by the team from the scam project.

[lyfecoin]

I don't agree with 80%,but I can say there are a lot of ICO that are scams.Some are fake ICOs and some are scammy ICOs.Always do your due diligence and check the background of the team and the project.Most ICO looks genuine,but most of the times the claims are unreal and expectations /roadmaps may be unreal.

[Afrizky R]

this happened because of the many ico now emerging but there were no clear goals and only wanted to get their own profit, so it was very possible for ICO to become a scam and no more news later

[ringgo96]

Nowadays there is quite a lot of fraud that occurs in cryptocurrency. included in ico. where now there are so many investor funds that can be misused by many people as investments and fraud for the benefit of their team

[Kita Kita]

Nowadays there is quite a lot of fraud that occurs in cryptocurrency. included in ico. where now there are so many investor funds that can be misused by many people as investments and fraud for the benefit of their team

A lot of ico are scams but i dont believe that 80% are scams, because there are still many promising ico now maybe 45% of the ico is only becaming successful and the rest of 55% is scam or just failing, but eventhough it's risky to invest in ico it is still profitable.

[parker99]

This is a frightful truth, however it truly is, on the grounds that in our days the level of trick ventures begins to surpass every single passable rate. This not ordinary. Soon, we can lose all that we've been going to for so long.

[cleverhope]

Unfortunately, i agree with you, but i think more than 90% are scam. I have a lot of tokens from bounty and they cost almost nothing. Also when developers dont want to listing their token to any exchanges and tell, that they want to make product - this is 100% scam. I decided not to invest in ICO this year. When we will have more regulations at this market - than i will invest. But not now.

[ChaoChibai]

Yeah i agree with your opinion, most of them is just a scam. They don't care about us (investors), all he care just abouty their pocket. After they got our money, they just chillin every single day. But i stil believe there are stil a good ico.

[spike420211]

Nowadays there is quite a lot of fraud that occurs in cryptocurrency. included in ico. where now there are so many investor funds that can be misused by many people as investments and fraud for the benefit of their team

A lot of ico are scams but i dont believe that 80% are scams, because there are still many promising ico now maybe 45% of the ico is only becaming successful and the rest of 55% is scam or just failing, but eventhough it's risky to invest in ico it is still profitable.

I also do not believe in the figure of 80%. I analyze projects every day and I can say that about 30% are scam, all the rest are just weak projects.

[Mr.Spreadthehamster]

Look, now market is very difficult for projects that is why therea re so much scams right now
Moreover most part of jrojects is not under regulation, so they contribute enough for the rest of life ang just go away