What is the problem of trust in projects?

[PX-Z]

There are so many scam projects going on. people are now afraid of joining ico.
1.  i think ico should be removed. because the frauds have multiplied and people are now having difficulty in distinguishing the truth.

2. if there is no money to develop the project, please do not try to project it. also from the ico when it comes to the stock market is not 3k 5k. even lower than the price you get. because the investor does not know which one to buy.

3. no one is buying token, my regimen does not want to spend 3 or 5 years. when it gets 10% higher than it bought.

4. there are hundreds of projects in each stock exchange. Someone stop them.

You will no longer be able to remove ICO's from crypto world, but you can lessen the risk from choosing the best ICO by just making a lot of research about the project that you want to invest in, through reviewing of their whitepaper and identifying the members behind the team if they are not fabricated only.

[Soots]

I think that it is not surprising that there is no trust in ico projects because today there are so many scams that it is difficult to define whether it is the right one or not the one you should trust

We all here in crypto community is not ignorant about the rampant spreading of scammers in the market since then they already exist but as of today theh are rapidly increasing in any form of projects. It was just sad to hear that why many people are doing such unlikely action. They dont have the conscience to do does things. We can't blame people around this community to suspect or not to give them full trust to projects that launched in the market. I hope this issues will be fix and will be able to eliminate the scammers. I know this is not an easy  job but I still hoping the best for this issues.

[sampalokmix]

When i invest my time on a project and at the end they pay back nothing is always disguising to me and is my most annoying time.  

That's true, I can't actually imagine the times that you have to forget to sleep just to commit in their requirements and for me its not easy to wait for months just to work for them without getting paid, and it actually ruined the reputation in bounties, they promise something they couldn't meet.

[AnisahSiti]

we are not in a position to stop them. although I honestly agree with you, but the fact there are still many good ICO, so there are still many who are interested. I also experienced the same thing with those who feel cheated. but I chose to learn better in choosing ICO. I still see there is hope there. so I will go with the flow.

[artjomgorelov]

No one is forcing you to do what you don't like. Do the business that brings you income.

[barabarian1]

That is very true. at present, many ico programs are hard to believe because the company has no credibility to convince investors and coins can not survive in the market. so, at this time many ico are failing to be released in coin market because of the difficulty of competing and getting investors. so you should choose a company that has good ability and credibility to join in an ico.

[ynclksnr321]

Absolutely I agree. It's all gone now. It is not clear which project will work. Where your hand is, it is there, unfortunately. Even if you're looking for projects, they can stay halfway.

[Komorhan]

I have read your valuable comments. I lost 66% in one project, although I'm not very selective. I follow many ICO stocks at least 100% loss when it comes out. why are we the invest? The ICO that we entered for profit is all harming. which token from the stock market for the last 3 months earned money?

[worldsuccess01]

Yes im so worried there is  problem  in projects that some projects will not be completed if they made thats the reason people lucky of trust.

[jrrsparkles]

There is no way to stop those scam ICOs because anyone create their own ICOs if they want so we need to be careful on what we are investing.Many scam projects can be identified even with little research but some is impossible to find because they have a the appropriate details but their aim is to steal money.

[xuan87]

Yes I agree that there are many scammed project in ICO, but we also need ICO, some ICO got a good potential and can be big things in the future, somehow ICO need strict regulation unfortunately this is decentralized world so we can't do anything, we just need to be careful and look for any aspect to find a legit information before we enter to invest ICO, and I realized people now got a very thin of trust when they heard ICO

[gambitcoin53]

There are so many scam projects going on. people are now afraid of joining ico.
1.  i think ico should be removed. because the frauds have multiplied and people are now having difficulty in distinguishing the truth.

2. if there is no money to develop the project, please do not try to project it. also from the ico when it comes to the stock market is not 3k 5k. even lower than the price you get. because the investor does not know which one to buy.

3. no one is buying token, my regimen does not want to spend 3 or 5 years. when it gets 10% higher than it bought.

4. there are hundreds of projects in each stock exchange. Someone stop them.

that is why they call it Initial Coin Offering, it is just a project, an experiment. it is a test if someone will buy or not, the use of ICOs are to create more options or alt coins to grab a portion of the total market share, ICO creates competition among other existing cryptos, that is why we need them for bitcoin to appraise its market value.

[eekkaa]

the issue of trust from a project in my opinion is from the availability of a coin or token in etherescan after which has a very useful and useful project for now or for the future and has a team that has experience in the field and in a very clear world of cryptocurrency.

[Onews1990]

I think that closing all coming and existing ICOs is not the best solution now, there're some very good projects emerging despite the tonnes of scam projects in cryptos

[nguyenphihung92]

God bless investors )) The most important thing to evaluate an ICO project is the team project
Whos on the team?
What are their backgrounds and credentials?
Do they have any public track records?
...

[Sled]

The problem that i am seeing here in the projects that made them not trustworthy enough is the cases of the scam projects and made the other people think that investing to the startup projects are not good. I think, in order to lessen the scam projects they should submit their majority of their personal information to the authorities so if they do something bad then they will get caught.

[KorakPawon]

it is not a very appropriate choice when there are some cases on the ICO project actually any mistakes caused by the lack of well how we minimize the shortcomings so the problem does not arise too big is actually still a good project and the ICO that bagua if run with a very good rules also by every manager.

[Nasty23]

The problem that i am seeing here in the projects that made them not trustworthy enough is the cases of the scam projects and made the other people think that investing to the startup projects are not good. I think, in order to lessen the scam projects they should submit their majority of their personal information to the authorities so if they do something bad then they will get caught.

Yes it's a good idea to submit personal informations in the public so that the investors can have a trust in their project on which can possibly removed those scammers that makes them encourage to invest in the project. Trust is very important because it can make every project successful and easily to adopt all over the world due to the team that are working hard in order to spread the awareness of the project to the investors.

[nightxglow]

There are many scams ico, that's true and it's the fact. But it doesn't mean that because of some bad icos, we need to stop all icos, that might really be a good project, and can invent or creat more great things in this cryptocurrency world.
I don't think having an ico is bad thing. It's actually a good thing to raise fund, and also to invest, only if it's not scam and might actually gain us profits.
Although there are many scam icos out there, there are still icos, and there are still investors that willing to give their money. We can't stop it, and i don't think we should. We just need to be more careful so we don't get scammed in fake or worthless ico.

[rat03gopoh]

Closing down all up and coming ICOs is no the best solution. There are very good projects emerging despite the tonnes of scam projects in the crypto world. I believe strict regulations of ICOs and strict KYC processes( applied to project managers) can help nip the scam projects in the bud.

Is not KYC only to verify client or customer?
Do they also provide KYC data to you? I mean personal data from the ICO team. I think it's not fair they asked for KYC, but we did not get KYC from the team.
Everyone can not guarantee whether by applying KYC on some ICOs is really legit or just make the scene more dramatic as if their ICO were honestly a real scam.