There are too many ICO, why?

[moneyvolutions.com]

Because there also many ideas that need to be released and blockchain would the best platform to release it. To make the more marketable in the market and allow investors to be part of the project, that is why campaigns are created. Having many ICO is not the problem as long as they are all legitimate.

I agree with you, there are many ideas and innovations that must be realized thanks to the help of blockchain technology and smart contracts all of this is made easier
just support them for advancing technology in the future by joining the ICO but you have to be careful because there are many people who are abusing crowdfunding campaigns (scammers)

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[Golftech]

Because there also many ideas that need to be released and blockchain would the best platform to release it. To make the more marketable in the market and allow investors to be part of the project, that is why campaigns are created. Having many ICO is not the problem as long as they are all legitimate.

Most of them is not legit and only looking to scam people, a lots of ico's and a lots of idea where most of them are not really considerable, I agree with you that those who are legit ideas can use blockchain and allow people to invest and gain profits but it's hard to select those real one from those scam project which is also hiding from the same concept and waiting for people to be victimize.

[BobBct]

Even if there is alot of ICOs out there only few maybe 3/10 of the ICOs will surpass being a high volume coin not just a coin that ill never be known to the very volatile market.

[Invigorated]

I will attribute this occurrence in huge part to greed. The Blockchain Technology wasn't meant to be bastardized the way it has gone. It was built with a primary focus of decentralisation, privacy as well as giving control to the people far from was fiat has done for the human race. Unfortunately, it has been reduced to pile of fraud and greed. Most projects believe ICOs present them the opportunity to grab as much money as they can and disappear into thin air. This has been the case with so many projects and as such, it has encourage people with same motives. Only few projects out there in the open ico market have a real use case. It is now so difficult to know or identify the right ones.

[Pontorez]

Unfortunately, I have to admit that today most of the new ICOs are really fraudulent projects. They suggest a weak development team and the lack of prospects for further development, and the main purpose of launching them is simply a quick receipt of money.

[distr@yopmail.com]

Unfortunately, I have to admit that today most of the new ICOs are really fraudulent projects. They suggest a weak development team and the lack of prospects for further development, and the main purpose of launching them is simply a quick receipt of money.

yes indeed that is what happened to ico now. It seems that there are many new ico available, but not many of them have successfully reached their targets. even some of the new ico projects are actually scam ico. there should be rules that govern ico so that not too many ico appear with a fraud mode.

[Matcuda]

Because everyone wants to get some free money. It's easy to run an ICO now and that's why scammers choose to scam people through continuing an ICO and raise lots of money from the newbie guys.

Yes, today there is a lot of ICO and many are just scammers, new investors who come to the crypto currency know little about this and it turns out that the funds do not focus on promising projects, and this is sad.

[daviidalpert]

Many ico are scams.A lot of people see a lot of ico participants trying to make money out of it.They also launched an ico to get people to participate.They just want to make money rather than develop projects.

[Ionzar]

I have seen so many signature in the forum and some of these signatures are good as i have been also visiting their website, btt forum and their telegram. The project they are also promoting are unique and most of it are promising project. However, this promising project will get compromise because the number of investors will compromised with the number of ICO being introduced. So the money of all the investors if it will be evenly distributed the ICO will not going to success because it could not raise more funds that is why i am raising this thread on why there are too many ICO? A great number of ICO's will increase the chance of the ICO's to fail.

I think that this situation is caused by the desire of many businessmen and developers to start their promising startup. Some are planning to create socially beneficial projects and technologies. Although I am absolutely sure, the main goal of most of the creators of new ICOs is simply to attract investments and quickly get money.

[Iykecollinz]

I think if regulation will come into the crypto market, it will curtail these excessses especially as regards ICO's, the major concern here is not about there being so many, but that a lot of them eventually become obvious scam and swindle their investors of their funds. While the other majority do not have good projects or are just copy of existing projects and eventually may not get well accepted in the market

[zcashplan]

In fact, the ICOs that can be boarded here are traditional. There are still many ICOs outside that are unknown. Do you know too many scams? The ICO is already decreasing and may disappear in the future. A large number of ICOs have persecuted the growth space of cryptocurrencies.

[HPQ.IO]

1. Real projects want to raise money and they are encouraged by other ICOs success.

2. Scammers come because they see ICO as a comparatively easy way to get your money. They are always where a lot of money is.

3. It is the easiest way to start raising money.

So all they go...

[arpon11]

Because everyone wants to get some free money. It's easy to run an ICO now and that's why scammers choose to scam people through continuing an ICO and raise lots of money from the newbie guys.

yes,  and the newbies are the one falling to this scamming activities.  Icos are many and that makes it very difficult to to find out the genuine one.  However many projects are going to come up in future that will solve the many problems we are having in icos market. The scammers are Ben to keep opening many fakes projects as possible but the reality is that we have projects that are coming up that is going to checkmate all those fake icos.

[bettercrypto]

There are too many ICOs because there are individuals or groups that are taking advantage of the unregulated sytem in starting an ICOs. Some of them are scammers and some are underqualified in doing a project. That's why I like the idea of regulating these ICOs. They need to pass their passport or any identification before they can start an ICOs. From here we can filter the list.

[passeroutpass]

There is a lot of competition in the cryptocurrency market. That's what I like about him. Only the best projects remain and develop. Yes, currently there are a lot of projects, but most of them do not have uniqueness or innovation. Therefore, investors do not see the point in investing in them.

[Sevarchik]

After bi hype in 2017 all try make their own ico.
Be clear and you too (who read this) want start your ico ))
2018 year show what there not enough simple wants, need great idea for complete ico and continue develop's

[honglien]

In my opinion, because it's a very big profit, developers are focused on launching many ICOS campaigns. But now it becomes pointless when the market drops too much. And ICOS campaigns seem unsuccessful in investing capital.

[Cat Coin]

Everyone should have an equal chance. A lot of ICO, for whom?  After analyzing all these myths, we can come to the conclusion that they are all aimed at making the number of ICO less, or making it more difficult to enter them.
Such myths are usually invented by people who first came to this industry. This is due to the fact that the fewer participants in the market, the more money will go to the previously included companies.

[AliceRosamun]

The ICO is hailed as a new type of IPO, offering a more equitable capital mobilization. In fact, from the very beginning, crowd sales have brought in millions of dollars and created a positive community. In the year 2017, the ICO or the first coin issuance to the public - is a fundraising model that venture capitalists look into envy. 2018 also begins with that rhythm. On paper, the results of January 2018 looked very impressive, with millions of dollars being raised in record time.

[itsik78]

Probably because many current projects are scam therefore many new ICO’s are emerging so that not everyone is confused to invest in ICO let alone A large number of ICO will increase the chances of ICO to fail and many people who invest in Crypto with long-term

It also happens when a developer does not fulfill his promise solely for the reason that the project is “burned out”. It is difficult to call this fraud, because it is most likely just a business failure.
If you look at this situation from the point of view of the investor, the differences will be minimal. In any case, there is a loss of assets. If the business organizer went so-so, this does not mean that it is illegal. Most startups are not very happy. This can be explained by the fact that business is a complicated thing, and no one is insured against failure.