80% of ICOs are Scams

[Exort23]

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 ...

Maybe? I agree with you.. many ICO's now are scam but not all are scam. I mean we should not call a scam, because there are some reason why the ICO fail, because the ICO didn't reach the fund, some are going dead because no one is interested to their ICO, to their platforms.

[jpnl0005]

Yes absolutely true that most ICOs are scam and I wonder if anything can be done about this its has caused so much harm and ICOs has lost its glory as a result of this and investors are walking away one needs to be careful before taking part in any ICOs

[Mkpez]

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 ...

Most ICO are just hype, while some finds it difficult to reach soft cap on that note back out of the project.
This reasons many bounties hunters regard ICO to be scam.

[Hakinsola19]

Scams here, scams there u have it everywhere but there are ways of getting them.... So u don't fall victim. check out there whitepaper and do a study on the or team members .....

[turbanto]

I agree that recently a lot of ICO projects are scammers. so now when the market falls, we do not see a successful ICO in which the price would grow

[Yury1]

Fraud is in all areas of activity, especially a lot of scams in the field of investment. But this is not a reason to abandon investing in ICO, because many projects have really great potential for growth in the future.

[scrtrp]

According to my own observation and research on the encryption market, I also think that there are many ICO projects that are fraudulent, but I know that the total number of ICO projects is a few percent. I don't know the certain data. I suggest that you should be extra cautious when investing in ICO projects. The encryption market can set up relevant institutions to strengthen supervision.

[KaramazovBro]

In 2017 the situation was not much better. The number of scam projects in 2018 increased due to the falling market. Even if the token is listed to the exchange, its price can be tens of times lower than the purchase.

[irianto18]

of the many projects that you are working on, only a few are promising, most are scam projects. so you have to be careful to choose a project especially when you want to invest your money. do not be fooled by the amount of money that will be distributed to the bounty participants. check the team, advisor etc. it's quite helpful.

[Nivelir]

No, it just can not be true, and I support people who think the same way, these are just not real figures from people who are probably just tired of being deceived, this also happens I hope that you will still start investing in the right projects.

[Mr.Freeman]

Sadly, it is sad, but there are also good projects. To participate in a good project, you should study all the components in detail. For example, the team, the roadmap, the experience of previous projects, how much this project is relevant, the number of tokens and their cost. You can find really promising projects, but I agree that you need to introduce some kind of control to avoid such fraud and a huge scam

[hheight]

I think this is a very large percentage you wrote, of course scammers are present but not in such quantity

A lot of projects remain out of our sight, and a lot of them are low-quality or scam. Token and exchange release don't make the project good, only working product turns it into the solid one.

[toheed2x]

what a shame! 80% scam and remaining 20% out of it 18% not even get the soft cap reached margin and only 2% successful now a days!  well ICOs legitimization should be implement otherwise lots of investors money going to dump like this! In early 2018 I lost almost $2000 in ICOs and my calmness took away! Its lot of loss for me! 

[Zackfair]

Too many ICO projects have been launched, some are very good projects but others are in reverse and need some time to fix. Here are some basic tips to avoid scams from an ICO project. Regardless of the investor's willingness to participate in an ICO project, the first step is to consult and thoroughly research the project. When you do not find out but invest your money around the money will be around your money will accumulate a long time and waiting for some positive news from the project. And the opportunity cost for another ICO cryptocurrency will be lost. Any worst ICO project is when there is not any information such as new web, poor info, untouchable team, unclear features, etc., then that is something you should avoid... In general, if the project does not meet the criteria you need then there is no reason to put money in.
ICO Baanx is the first decentralized Cryptobank Network in the world, you should find out.

[S[m]OKE]

Scam certainly is present in the ISO but I think not in such terrible percentages as stated but I also get to such projects not once

[Xiahouyuan]

I have also seen reports that more than 90% of ICO projects will disappear or die, and the remaining 10% will also fail or be below ICO prices when they are listed!

[btcmi]

I have also seen reports that more than 90% of ICO projects will disappear or die, and the remaining 10% will also fail or be below ICO prices when they are listed!

I do not consider these figures to be correct. The whole point is that the market is now too bad for any projects. When the market goes up all these figures will also change a lot.

[bizzargin]

There's some truth to that. Many ICO projects are scammers. But there are those who have success.

[Greenparkzhiv]

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 would say 50% of scammers, very sad, such projects exist. And besides, their number is growing every day.

[drrekkty]

Ufortunately it is true and this is very sad statictics. Only 20% of ICOs worth to invest in , especially for a long term.
It seems to me that we have to be more deep in analysis to find those hidden gems!