Being crypto investor , blogger , Criticizer for a year . I found some fact recent successful ICO failed to give profit for Investors
1) White paper , Websites and explanatory videos are just becoming the wrong promises . Lots of ICO'S showing colourful dreams .
Therefore don't invest your money into projects that have only promises at least look for projects that have MVP / platform which will be developed later, although that doesn't guarantee the success of projects but at least investors are not just getting an appointment
Now i will come to some actual facts apart from above mentioned normal facts
I will take example to explain this
Projects are collecting fund by showing some supply lets say 1 billion of token
They hardly able to sell around 100 million token worth 2 million dollar
Here the trick comes
They got fund to list coin in exchanges . Finally they claim 80% of the coin sold . that means they are having 700 million token in their hand
Initially they start to pump using these ICO fund . By giving lots of dreams by announcing release in next week or some event and they will make some deal with exchanges . They start to dump remaining 700 million coins slowly .
Here the awesome strategy is they trap people using peoples money .Isnt that awesome
I think it's like an indication of scam... Maybe many projects do this because most ICO is scam and scammer will do various ways to trap the victim