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Author Topic: Why so many ico's??  (Read 300 times)
Prince Malik (OP)
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July 05, 2018, 12:07:54 AM
 #1

When i see the dozens of ico's everyday i ask directly a simple question...Is it easy to this degree to make a ico??

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canman
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July 05, 2018, 01:06:39 AM
 #2

When i see the dozens of ico's everyday i ask directly a simple question...Is it easy to this degree to make a ico??
Just have your team have 5 people and can set up an ICO project. Currently there are thousands of ICO projects and most of them are scam and want to make money from investors. Initially ICO projects are few because almost all projects are of quality but only in 2018 the number of ICO projects has increased dramatically compared to 2017, so consider your investment in projects ICO
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July 05, 2018, 02:11:09 AM
 #3

When i see the dozens of ico's everyday i ask directly a simple question...Is it easy to this degree to make a ico??
Just have your team have 5 people and can set up an ICO project. Currently there are thousands of ICO projects and most of them are scam and want to make money from investors. Initially ICO projects are few because almost all projects are of quality but only in 2018 the number of ICO projects has increased dramatically compared to 2017, so consider your investment in projects ICO

So true, the overflowing count of icos is affecting the overall cryptcurrencies it somehow effecting it by making unnecessary coins that clearly has no purpose but to scam and to gain income from. What I fear the most is that it even affects the popular coins that is currently doing good on the market, and I personally think that our crypto community needs to do something about it.



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HatakeKakashi
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July 05, 2018, 02:16:46 AM
 #4

In the last coming few years ICO's become bigger becaude most of the owner wants to earn more money so they create more ICO. Most of the ICO have same founder or owner or team. We don't know what ICO become successful in the future. Most of ICO failed some of them are successful.
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July 05, 2018, 02:25:07 AM
 #5


There are many others who are spreading it in altcoin bounties
 Most of these cases are unsucessful
 and many ico scams so many people also lose money
and are losing their investment when the ico does not do there promise.

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July 05, 2018, 02:37:04 AM
 #6

When i see the dozens of ico's everyday i ask directly a simple question...Is it easy to this degree to make a ico??
It's easy to make an ICO.

It's hard to convince people to give money to your ICO. Well, maybe not as hard as it should be...

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July 05, 2018, 02:40:31 AM
 #7

When i see the dozens of ico's everyday i ask directly a simple question...Is it easy to this degree to make a ico??

For those who are in the game since last year, yes, very much easy for them to put up a ICO and promote it as something different. Specially scammers, they just copy someone else idea, hire a dev to look at the code and made necessary adjustments and then claim something unique and investors fall for it. Just look at the reputation threads and you will find plagiarism accusations because someone just copy the whitepaper and again claim that they have written it from scratch. Lol.

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regtrade
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July 05, 2018, 02:48:13 AM
 #8

When i see the dozens of ico's everyday i ask directly a simple question...Is it easy to this degree to make a ico??

Because it's very easy to creat erc20 token and they want eth, money. It's easy to create and advertise, most of them are phishing. You can lose money and personal information for this. Be careful before joining it.

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July 05, 2018, 02:54:09 AM
 #9

As far as I have read it is pretty simple to create a smart contract and issue your own token. Thus it is also rather simple to start an ICO. But the difficult part is to develop a unique idea, to convince people to invest in your project and to build a solid team for pursuing your vision and goals. It's true that there are a lot of ICOs these days but the share of good ICOs is decreasing and I think further regulations will make it also more difficult to start a ICO. In the longrun the regulations should affect us in a positive way and protect the investors.
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July 05, 2018, 02:59:18 AM
 #10

When i see the dozens of ico's everyday i ask directly a simple question...Is it easy to this degree to make a ico??

Because it's very easy to creat erc20 token and they want eth, money. It's easy to create and advertise, most of them are phishing. You can lose money and personal information for this. Be careful before joining it.
I am very careful when joining the ICO because most of the user information can be exposed in the project and if this is a scam project it is more dangerous because they can sell your information to earn more money. I think before taking part you need to evaluate their project and ask questions related to the project as this can give you confidence in big projects.
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July 05, 2018, 02:59:30 AM
 #11

There are so many guys have more new idea which maybe can improve this crypto world everyday and it's the main reason why there are so many ICO projects created day by day but not all of them are successful Smiley. Some projects are successful but the left are not because so many reasons like dev team is not really good, roadmap, idea or something else is not good Smiley
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July 05, 2018, 03:00:05 AM
 #12

When i see the dozens of ico's everyday i ask directly a simple question...Is it easy to this degree to make a ico??
Just have your team have 5 people and can set up an ICO project. Currently there are thousands of ICO projects and most of them are scam and want to make money from investors. Initially ICO projects are few because almost all projects are of quality but only in 2018 the number of ICO projects has increased dramatically compared to 2017, so consider your investment in projects ICO

Thats true most of them are scam and want to make money, If you want to invest in ICO project you should analyze well and find information about the project you want to invest.
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July 05, 2018, 03:01:29 AM
 #13

When i see the dozens of ico's everyday i ask directly a simple question...Is it easy to this degree to make a ico??

Nope it is not easy to organize and ICO and a project there are so much regulation out there to be finished. There are many ICOs because they some want to earn big and some want to scam others. This is why you need to be careful in choosing ICO to invest with.
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July 05, 2018, 03:01:38 AM
 #14

ICOs have become the best way to fundraise money for a project these days, even better than gofundme or other methods.  I think because of how easy it is to invest and the ability to remain anonymous while doing so.
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July 05, 2018, 03:05:18 AM
 #15


Correct what has been posted by the above comment. ER20 is easy to create. And many people use ICO as a tool for profit only. such as ICO scam.
If all ICO is not a scam, surely many people will succeed from ICO, but in fact many people lose from following ICO.
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July 05, 2018, 03:06:35 AM
 #16

Because anyone can set up an ICO and that's why I think some countries stop their citizens from participating in them as there are too many fake icos this days ...
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July 05, 2018, 03:09:44 AM
 #17

Because some of them just want to make easy money because after the ico most of them will disappear and you will see all the social medias profile been deleted. This is the exact reason some countries won't allow there citizens to take part in icos
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July 05, 2018, 03:12:36 AM
 #18

It's easy to set up and must of them are now scam they only want to steal people bitcoin and ethereum and other good project coins. All this icos might have to stop soon. It's a new way of scamming people of their money
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July 05, 2018, 03:13:36 AM
 #19

When i see the dozens of ico's everyday i ask directly a simple question...Is it easy to this degree to make a ico??
ICO is just a form of capital mobilization from many sources. If you have an idea and a professional working team, you can easily implement your ICO project. There are a lot of support groups that make the money for you. The current ICO implementation has become quite easy.

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July 05, 2018, 03:21:33 AM
 #20

When i see the dozens of ico's everyday i ask directly a simple question...Is it easy to this degree to make a ico??
it is now a lot of ICO is popping up and with this now more and more fraud and many projects are dead then from now on many people who run and start investing in crypto because now the crypto is decreasing then of that with many ICO that appear you must be careful if you want to invest
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