80% of ICOs are Scams

[energodar2019]

Even if the project is not scammers, you will still lose some of your money after entering the exchange, because the coins will fall in price several times!

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[Prosperityforall]

sometimes it is even more! Not all of ICOs exit scam, but even in case of sucess, there can be some problems with liquidity, marketing and customer growth.
Finally your idea can fail and you have no ways to close project.

[Wolfwar]

in any case, we must still take into account the fact that most companies do not develop properly due to the current state of the crypto-currency market. Therefore, it is not necessary to aggravate the situation so much and insist that most companies are fraud. In addition, there are such ico companies that have a good idea, but a very weak team.

[RESPONSIBLE_]

Investing in ICOs is a common investment form for small investors. This is a form of attracting investment in electronic money projects. It brings you high profits from these investment projects. But you have to be careful, now there are a lot of phishing projects occupy about 80%

[Troysen]

A bit ironic that a relatively new ICO is posting that information haha, but yes, sadly, most ICOs are not going anywhere, some are not even a scam by definition, they are simply poorly done projects that did not reach their goal in time, that may be because they set themselves a high goal, or because they were poorly managed, so it is so important to investigate, only the truth will set us free.

[trobbert]

It is so sad statistics, but other 20% can multiply and in general you will gain out of this story.
The main issue is to hold profitable coins, because I have disadvantage to sell coins too early

[Pecunia non olet]

It is so sad statistics, but other 20% can multiply and in general you will gain out of this story.
The main issue is to hold profitable coins, because I have disadvantage to sell coins too early

This statistic comes from the last year right? This year is not profitable for whole crypto. ICOs are having really bad times. Some of them collect enough money but a lot of them do not know what to do with money .

[Orsen]

They are not right because people say that this is a fraud as soon as there is a certain delay but unfortunately the delays happen and half a year!

[max fray]

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 ...

What an interesting statistics, I never could think that such a big percent of ICOs are untrustworthy.
At the same time, I wonder how people make money with crypto when only 8 percent of the projects are not scans in the direct meaning of this word?

[Endorphinity]

Now there are a lot of scammers. Unfortunately, now it is very difficult to choose a good project. But I think that soon the market will go up and the situation will improve.

[digol]

yes, there are a lot of scammers.  some initially deceive people, some promise a lot, and then fail to pay.  so this is the result of statistics.

[keykey1]

Look at how many ICO is run every day and how many of it collect at least a soft cap. I can say with certainty that the scam is now about 80%.

[V0ldemar]

However sad it may sound, most ISOs remain very far from soft kap. Some do not even set it as a goal, but are engaged in fraud. But we do not stop doing this and look for the best in the crypto-currency market.

[strtype]

Well, there are a lot of coins that are posted by scammers on the announcement board. Doesn't mean you have to join each one of them. Some of them are so simple to detect you don't even need to know much. I feel that the new investors are the ones who unknowingly support these projects which have nothing to offer to crypto.

[NegatiFF]

I think they are a lot of scam initial coin offerings arround on the market. But i dont think that the percentage is that high. So  scam ico is for me an ico who collects money and then dissappears. ICOs who could not develop their project and fail are no scam, they just have failed and the money is gone. But at least they try it.

[ethlus]

I like that people began to understand this in fact
trust the ready projects, in 99% of cases the sale price is overestimated

[SindiRokRok]

yes right, there are many ico who are scams but many ico are good and successful. You just have to be a smart voter, don't be a careless person.

[kirtofir23]

Now there are very few successful projects and therefore it seems to me now better not to risk and invest only in promising coins.

[Karina 3340]

Unfortunately, as I see now, so it is. But I believe with all my heart that this is a temporary phenomenon. So, as companies are now experiencing is not a simple time. And in order to work and earn money. We must wait. Patience is friends!

[Kahoy01]

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 ...

There are only few icos that are becoming successful.  Most of the icos is not worth it in making investment.  We should be careful if we are choosing wise icos for us to make profit.