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Author Topic: 80% of ICOs are Scams  (Read 8783 times)
notreally976
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August 31, 2018, 06:18:09 PM
 #2041

In general, I consider ICO to be a very necessary and useful activity, regardless of the presence of such fraudulent cases.
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August 31, 2018, 08:09:13 PM
 #2042

unfortunately this is so, we can not change anything. Maximum you can stop to invest

KareemAbdul
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August 31, 2018, 09:48:12 PM
 #2043

The Massachusetts Institute of Technology previously published its study, which showed more positive results, judging by which, fraudulent were from 5% to 25% of all ICOs.
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September 01, 2018, 04:23:41 PM
 #2044

I think yes most of ICOs are scams but not all. In additional, if there are 80% of ICOs are scams so we have 20% of chance to join legit ICOs. So, keep participate in ICOs but you should check their projects before join any ICO.
CryptoMishka
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September 01, 2018, 04:25:16 PM
 #2045

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.
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September 01, 2018, 09:18:03 PM
 #2046

Yes, that's right that most of the ICO are scams. But everything in this world works the same for me. 80% of the people whom I contact with are also scams. This is the truth... But this makes this world more interesting, cause you have to chose who to work with and what to invest

I think that in general, this analysis can be compared with the Pareto principle. Well, I agree that such a percentage of successful companies is not only in the cryptocurrencies. The things are about the same in any business sphere. There is 1 successful company on 30-50-100 unsuccessful! This is a normal situation!

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September 01, 2018, 09:20:49 PM
 #2047

But now, at this time , I think we have to carefully select projects , at the expense of 80 percent, I agree.

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September 01, 2018, 09:22:12 PM
 #2048

But now, at this time , I think we have to carefully select projects , at the expense of 80 percent, I agree.

Selection of a project is always the top most thing.

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September 01, 2018, 09:22:41 PM
 #2049

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 ...

Interesting topic, it's a pity that I did not notice it before! I think that in fact, things are even worse, and despite the fact that 8% of the projects go to the exchange and are traded, 6-7% of them will die in a year without achieving any success! So the statistics are very discouraging, but this is not an excuse to give up and stop working!

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September 01, 2018, 09:35:04 PM
 #2050

there are many things that make ICO fail. one of them is sales that are not on target. maybe with many new ICOs circulating making investors divided, along with unfavorable market conditions, many investors prefer to invest in coins compared to ICOs. so I'm sure if the market recovers, the ICO failure rate will also increase.

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September 02, 2018, 03:28:52 PM
 #2051

Each time scammers become more sophisticated and inventive. And, of course, you can rely on the courts, law enforcement agencies, regulators and authorities, however, no one will protect you better than you yourself. Because any control is always a restriction, and you can just check the purse address before sending, the domain name and do not go over suspicious links.

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September 02, 2018, 03:33:59 PM
 #2052

That true,most ICO programs are scam this days,one has to be very careful before investing in an ICO program.But ICO programs are highly inevitable in the cryptocurrency world.
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September 02, 2018, 03:39:20 PM
 #2053

 I think that fraudulent ICO is much less. According to other studies, they are about a third, still as many as failed. This is a more real figure. It roughly corresponds to my practice, although by my calculations, fraudulent and failed ICO campaigns will have no more than 40 percent.

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raiderking96
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September 02, 2018, 03:43:17 PM
 #2054

Yes, I feel that, every time I participate in an ICO project I always find an ICO project that ends SCAM. In the past few months I have participated in many ICO projects and only around 25% have succeeded and distributed the coins, but of that 25% only about 10% were successful in the release of the big exchnger. I am very pessimistic now about ICO projects.

apirmalakas
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September 02, 2018, 03:50:05 PM
 #2055

I think that not much of these projects intended to become a scam project, it is just that some projects are planned very poorly that they fail or their developers leave the team making them fail to deliver the tokens to investors and bounty participants making them think that they have scammed them.
owmivmen
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September 02, 2018, 03:55:42 PM
 #2056

80% Scam? I think only 50% of scams and 40% failed this year. only a few ico projects are successful and have value on the exchange.
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September 02, 2018, 04:08:20 PM
 #2057

80% Scam? I think only 50% of scams and 40% failed this year. only a few ico projects are successful and have value on the exchange.

I also see it this way, you have to make a distinction between projects that are performing miserably and projects that never intended to do anything else than to raise funds.

GucciGangClub
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September 02, 2018, 04:57:07 PM
 #2058

Scam is the biggest problem for the crypt and it seems to me that in the first place we should try to do something  in order for the crypt to develop.

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September 02, 2018, 05:00:34 PM
 #2059

Yes over the time lot many ICO's are proven to be scams. However, that does not mean that allICO's are scam or such a big percentage like 80%. To comment on such a view you should come up with facts and numbers. What is the source of your research? Does your research include all the ICO's since the beginning like ETH or just during the midterm like ICX or NEO.
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September 02, 2018, 05:05:50 PM
 #2060

I recognize to you that 80% of ICO ventures have fizzled and that these undertakings are intended to catch financial specialists' cash straightforwardly or in a roundabout way. Activities can gain tremendous measures of capital, however designers don't influence guarantees to speculators and continuously to take away all the cash from financial specialists. Building up an item is hard and takes quite a while... offering and promoting it takes much more

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