80% of ICOs are Scams

[rozenkreitzer]

   Many scam projects. Many tokens disappear. They also scam. Trust only top-2) Ethereum and ... A lot of risk everywhere

[1714772188]

1714772188

[ayu07]

Almost 10% of current ICO are really successful projects. Deep analysis of the project is required to participate in ICO. First of all, you need to familiarize yourself with the project team. However, the right analysis and the right investments in cryptocurrency lead to amazing success.

[keykey1]

In my own opinion and experience there are so many ICOs which went down the drain just because of in appropriate decisions. These decisions make most of these ICOs scam in the eyes of the investors. In recent time there had been an increase in the rise of these scam, failed, gone dead, and dwindling ICOs.

Several projects are under development and all the others give only false promises to get as much money from trusting investors as possible.

[rasp]

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'm more interested in the figure of ~8% of ICOs that went on exchanges.
This means that out of almost 2,000 coins only ~170 are worth investors' attention, and all others are just unnecessary digits.

[sexcoyote]

Yes, there was a lot of scam projects in the past. I advise you to be careful when choosing ICO if there is left one

[Wildskull]

Yes, I think it is better to invest on the cryptocurrency market directly, it is less risky and has already been established, ICOs on the other hand are unestablished projects, not saying that you should avoid them completely, but you should definitely think carefully when investing in them.

[AlNu]

   Many scam projects. Many tokens disappear. They also scam. Trust only top-2) Ethereum and ... A lot of risk everywhere

It seems to me more than 90% of all ICO scams. There are no products, they just collect money and do not do anything, now we are just passing this way when all the scam projects will disappear. Remain single, which will give a very strong growth!

[pastan]

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 ...

you are absolutely right, now everyone has begun to understand, that there are too many scam projects among ICO, therefore, many investors have stopped investing in ICO, and this had a very bad impact on the cryptocurrency market

[tk808]

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 ...

you are absolutely right, now everyone has begun to understand, that there are too many scam projects among ICO, therefore, many investors have stopped investing in ICO, and this had a very bad impact on the cryptocurrency market

It hasn't had any impact on the cryptocurrency markets overall, if anything it reinforces the positions of the "good" coins from "bad" coins. Shitcoin launches should be neglected and not traded, enforcing the ideas that indviduals can create any coin to complement any industry, at any time, without repercussions for their investors.

[Borisov]

After such a long and bloody correction, All ICO scammers will be eliminated themselves, and now we will start from scratch on the turn. The strongest will survive.

[bananafox]

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 ...

How many posts are these then, what to believe is how 80% of skam can? Ie out of 10 bounty companies 8 skam, according to my statistics is not so absolute, but the percentage of big scammers, but I do not think that 80%.

[Kingsraid]

it's true that 2018 is a bad year for investors and bounty hunters, because so many icos was failed or worst, scam. but atleast not every icos was scam, we still got so many good ico out there

[nade70]

It seems to me that the scam projects is less than 80%.  Now a lot of projects that have not reached the soft cap.  But there are also successful projects.

[Ksenia4Ksenia]

I do not agree with such statistics. Much less Scam projects! How much I invested or made a bounty, all the tokens came to my balance.

[s1lverH]

I do not agree with such statistics. Much less Scam projects! How much I invested or made a bounty, all the tokens came to my balance.

The fact that tokens came to you does not mean that the project is not fraud, because these tokens are useless. I already have tokens of projects that turned out to be scammers.

[Spiderman3]

Before investing in the company, I advise you to check the information about the company on different sites and forums.  This will reduce your chances of investing in the ICO scam.

[Balinsayaw]

I couldn’t agree on this. Some of the ICOs are not really scam but only failed to promote their project. Lack of promotion cannot make a project flourish.

[Diegre5]

Most investors dont want to buy at the ico stage because they are afraid people will run away with their money, looking at the way this kind of things are happening.

[Nelly.G0211]

I couldn’t agree on this. Some of the ICOs are not really scam but only failed to promote their project. Lack of promotion cannot make a project flourish.

I agree with you, there are lots of scam projects out there, but there are also projects who just fail to achieve their goals and fail to follow their plan according to some problems that occur on the way. But it's not fait to call them scam, because they try hard to succeed.

[Pet240]

So many scam ICO are being run almost on daily basis, it is now left for you to be able to decipher between genuine ICO and scam ICO. Genuine ones will surely have a good and true team behind it and it must have the foresight or available genuine product. Some ICOs fail, not because they are scam, but because they lack the necessary product to keep it alive.