What is the problem of trust in projects?

[daarul50]

The amount of fraud committed by a project makes us unable to trust a project anymore, now we are very difficult to distinguish which projects can really be trusted because at first glance everything looks the same.

[1713582678]

1713582678

[1713582678]

1713582678

[cryptokingdom]

I know we are tired  of the story of failure of ICO's, Some of the failure are not intentional, it is easy to write whitepaper but implementing what is in the whitepaper is the bone of contention. Let us encourage genuine projects instead of being too fast to could it scam.

[Latviand]

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.

Since there were a lot of scam projects, a lot of people have stop participating and investing in ICO projects because they don't recieve any good profit from it. That is why new projects don't have enough investors to buy their coins because people do not know which one is good to buy.

[Hivalley]

I know we are tired  of the story of failure of ICO's, Some of the failure are not intentional, it is easy to write whitepaper but implementing what is in the whitepaper is the bone of contention. Let us encourage genuine projects instead of being too fast to could it scam.

Some of this bounty CEOs hardly work hard enough to promote their project, all they do is try to make profits for themselves alone, so they only force the project to have a short term purpose, they do not look at the future or long term benefits, neither do they see any future in their project.
Most projects fail due to the lacklustre attitude of the team.

[Haxor321]

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.

The problem with ICO projects nowadays is most of them are unsuccessful and scams, that is why many people are now having problems in where would they invest their money. Hoping that upcoming projects this year will be now great for us bounty hunters, so all of our hardworks will pay off.

[zee11225]

I know we are tired  of the story of failure of ICO's, Some of the failure are not intentional, it is easy to write whitepaper but implementing what is in the whitepaper is the bone of contention. Let us encourage genuine projects instead of being too fast to could it scam.

The most common thing is a scam, so that when participating in the project there is always doubts about the success of the project.
After the project is finished and the coins that are bought and sold in the market are not getting a response, so the price is very cheap.
Cases like this are very much happening lately so that it raises many questions from project participants who have done their best because their work is in vain.

[andika2018]

I know we are tired  of the story of failure of ICO's, Some of the failure are not intentional, it is easy to write whitepaper but implementing what is in the whitepaper is the bone of contention. Let us encourage genuine projects instead of being too fast to could it scam.

Some of this bounty CEOs hardly work hard enough to promote their project, all they do is try to make profits for themselves alone, so they only force the project to have a short term purpose, they do not look at the future or long term benefits, neither do they see any future in their project.
Most projects fail due to the lacklustre attitude of the team.

I am agree, the problem with trust on the project is on developers team. Many project dont have solid team with one goal to make project success. Many project fail because developers team prefer take benefits for them not for investor

[Canoppo99]

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.

Don't be pessimistic, actually most of developers build a project with good intentions but the market give them a lot of pressure, some of them can't bear it then they run, but there are also scammers who build projects to scam people we have to be careful with this type of developers, most of scam project only founded by 1-5  people so if you want to invest then you should consider about the numbers of team members that join in the project. ICO should not be stopped but there should be a thrusted organization who manage it and give them label, I am not talk about company like ICOHOLDER or ICOBENCH because there still some ICO that listed there which have mamy problem in its ICO.

[harapan]

Eliminate ICO is not the answer, making a regulation is more appropriate solution, some ICO got a good feature and can be potential in the future, 90% of the ICO can be scammed because there are no one supervise it, there are still so many people interested in ICO, because ico is actually a very profitable investment, just need more patience to make profit

you are right, what is needed now is only a regulation, there must be someone who regulates the ICO in the future. because I think ICO is a very profitable investment.

[zemper]

Eliminate ICO is not the answer, making a regulation is more appropriate solution, some ICO got a good feature and can be potential in the future, 90% of the ICO can be scammed because there are no one supervise it, there are still so many people interested in ICO, because ico is actually a very profitable investment, just need more patience to make profit

you are right, what is needed now is only a regulation, there must be someone who regulates the ICO in the future. because I think ICO is a very profitable investment.

ICO projects are more like a lottery now. There's a tiny chance of getting huge profit and a big chance of being scammed. Also you can't be sure that you chose a good ICO even if you think so. So you shouldn't invest all your funds in one project in this case.

[whirlcoin]

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.

I think the main problem happening here interesting the projects while they are fake it will be a huge problem for the future that no one will trust the new good project also while they are need some good projects so I think this will be the main problem that you have facing nowadays.

[Ucy]

Well, the good news is that you can not "remove" ICO ,,, just like you cannot remove a cryptocurrency.  This is why it is  decentralized crowdfunding system.
Fraud is in every area of life... ICO fraud can be curtailed if we want to.

Guess op meant cryptocurrency exchange at number 4?

[akram143]

 if our trust will came out from anything there will be a huge problem will here with that thing especially the ICO investment are not been giving the profits for our investment since from near recent time so it will be a huge impact for the investors about not trusting the new projects also then the money making will be affected by this changes

[boty]

if our trust will came out from anything there will be a huge problem will here with that thing especially the ICO investment are not been giving the profits for our investment since from near recent time so it will be a huge impact for the investors about not trusting the new projects also then the money making will be affected by this changes

I think indeed investment lately in the ICO world is not good and there are a lot of investors who have not been able to make a profit from the investments they made because of the influence of the fall in the price of bitcoin and also the effects of unsatisfactory project developments.

[Greed Dev]

Pretty good idea to close the ICO's as they are actually becoming the viruses of crypto world.

In addition to this they shovel just keep the other tokens which are already present in the CMC now so that we can focus on these tokens and people can actually put real value to them. I mean everything will get focused on them and not the junk that is coming every other day in the market.

Then that would be the best way to run crypto currency market. ICO's are really really worst these days.

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.

Can the KYC stop blocking scammers? according to me, it is not and it is a childish way of thinking. There are scammers who have borrowed the identity of some people to publicize on their websites, then they can still run away freely that the law still can't find them.
I think ICO projects should die and let STO replace them. It will create a healthier investment market.

[Robotbitcoin22]

The amount of fraud committed by a project makes us unable to trust a project anymore, now we are very difficult to distinguish which projects can really be trusted because at first glance everything looks the same.

It makes it harder for us to differentiate whether it is indeed a good projeck or not because nowadays it is very difficult to distinguish which projects are good and not good

[aad140386]

Of course, the scam at ICO is a big problem for investors. But ask yourself the question, is it only those who create ICO projects to blame? Ethereum also appeared thanks to ICO. And many other projects that you know now. If there were no ICO, they probably would not have appeared now. The problem of scam arose from the fact that the market was growing rapidly, and many greedy people realized that quick money could be earned from this. And this was understood by both semi-literate programmers, losers, and investors who want to make money fast. The developers of ICO projects created no one the necessary shit, and investors in the greed and taste of future profits invested in this shit.

[cizatext]

The initial coin offering has been the greatest problem of the cryptocurrency world today why this is so because the scammer have found cryptocurrency to be one of the leading industry today and at that have drive means to use it to scam people and the easiest way they can do that is through the ICO market,

[sinta23]

Eliminate ICO is not the answer, making a regulation is more appropriate solution, some ICO got a good feature and can be potential in the future, 90% of the ICO can be scammed because there are no one supervise it, there are still so many people interested in ICO, because ico is actually a very profitable investment, just need more patience to make profit

you are right, what is needed now is only a regulation, there must be someone who regulates the ICO in the future. because I think ICO is a very profitable investment.

if it has to be, the problem is that as time goes by there are no rules and regulating the ICO, there will be more ICO fraud that will harm many investors. because the original ICO investment was promising if there were no fraudulent projects

[sulendra12]

Projects nowadays are literally look the same, they have well edited whitepaper and website and stuff which makes it difficult to even differentiate it between those. Unless you are digging out their team and checking their legibility of each members, but for most of users they will fall into this kind of projects.