What Are ICOs And Are They Scammy?

[Doctor A]

What Are ICOs And Are They Scammy?

[chengyinoing]

As ICO moves from white paper, fundraising to final online deals Professional analysts say that 80% of ICO is a scam, and only 8% manage to trade on an exchange.

[CryptoBry]

As ICO moves from white paper, fundraising to final online deals Professional analysts say that 80% of ICO is a scam, and only 8% manage to trade on an exchange.

This is what we are getting all because this is an unregulated and decentralized market and there is no need to apply for any license or permit if one will be launching an ICO anytime just make sure that you have a disclaimer you are not accepting people from China, USA, Singapore or any other countries where ICOs are expressly prohibited. Unlike the IPO in the stock exchange, an ICO can go without first proving its capacity or experience in handling the project and there is no need to verify first whether the team behind can be real or not...this is the reason why scammers are having a big celebration right now at the expense of the victimized investors. I am hoping that there can be something to be done to alleviate this problem.

[Techysk]

Ico is the short form of initial coin offering. When some coins launch they offer their coin through private sale and public sale where the coin price is low. And yes mostly Ico is scammey so before investing in ico's make sure to research first.

[Monetniy]

What Are ICOs And Are They Scammy?

Recently, more and more disappointed in the ICO. Every day more and more new ones come out, but you do not want to spend time on them, read and study, because 95 percent of them are scam. Even those in whom I was so sure disappointed me.

[HeartDesire888]

Unfortunately; this is true. Nowadays most of the ICO are scammy. Since this is an unregulated and decentralized market and there is no compelling reason to apply for any permit or allow on the off chance that one will dispatch an ICO whenever they want. One need to evaluate the team members first to decide.

[iamsediii]

I think in my observation in Whitepaper and especially on website design. Almost of them are same design and coinshit all.

[salad daging]

What Are ICOs And Are They Scammy?

what I know about ico is to raise funds by selling tokens, these tokens are rewards to funders or what we usually call investors and basically they don't cheat because the tokens received by investors have the opportunity to have higher prices when they being in the market It's just that not all of them give good tokens and there are even some who don't give tokens but that is only partly because there are many ico that benefit their investors

[passwordnow]

What Are ICOs And Are They Scammy?

Most of them now are.

Before ICOs are something good that made the market healthier but due to the bad usage of it, it has been crowded by scammers.

[CheatingCoins]

Look at ICO as very high risk investment. Even if you do your own research there is still chance of fail.

Read trough various experiences of people with ICOs and watch youtubers explain how it all works. That all helps in the learning process and should help you down the road.

Also, here is a tip for you how to find good youtuber. Find a few months old video from youtuber where he predicts prices of ICOs or coins, check if he was right. If he was right (youtuber) continue to watch his videos and learn from it

[HeartDesire888]

ICO stands for Initial Coin Offering. It is a fund raising mechanism where investors offer some unit of crypto currency in exchange of crypto currency like BTC and ETH. Yes they are scam because there are no regulations for applying for any license. Anyone can launch and thus it has security issues. So before investing on them please gather a sound knowledge about the project.

[atorle]

What Are ICOs And Are They Scammy?

ICOs or initial coin offerings are ways through which a company raises cash to finance a blockchain project, some (not all) can turn out to be fraudulent

[dhemasm]

Initial Coin Offering or ICO is a fundraising mechanism for new projects by selling tokens that will be used in their project with payments using multiple cryptocurrency or fiat, basically same as IPO. There are usually several stages such as Private Sale, Pre-ICO then Public Sale with the bonus they offer.
https://bitcoinmagazine.com/guides/what-ico/

Scammy? I think yes. But not all of them, on Google, there are many ways to distinguish between a scam and legitimate ICO, but it does not guarantee, at least it can increase our success chances of joining a legitimate ICO.

Lately, SEC has launched fake ICO to educate investors and newbies like me, the details can be seen here: https://cryptocurrencynews.com/icos/ico-news/sec-launched-fake-ico-howey-coins/ And here: https://bitcointalk.org/index.php?topic=3920469.0

ICO is very high risk investment, So be careful!!!

[butterfly8226]

This is the main issue regarding crypto currency market. An initial coin offering (ICO) is the way to raise funds by crowd funding and it needs no regulation to start any type of ICO. This allows many fraud groups to create false ICOs and take away the money of the investors.

[CafeCoinICO]

Hey Doctor A,

I agree with the majority of people in this thread that many ICOs turn out to be scams and this is likely due to improper regulation. That being said, many ICOs are not scams and are damaged by the hesitation investors have due to the huge influx of ICO scammers. ICOs in general are a risky investment but if you find a quality product that you believe in, nothing is more satisfying in the cryptosphere than to see the project succeed after an ICO.

Best,
CafeCoin
https://cafe-coin.com/

[Jerrycryptofield]

The ICO is a common thing in the crypto currency. The new projects collect the capital through. Here you will find many scams. But you have to be aware of the investment. If you verify before investing; you will benefit.

[cryptocooper57]

ICO stand for Initial Coin Offerings and this is a sort of sale given when a new coin is launched. All the ICOns are not scams but some are. You should go through the whitepaper and the website properly while choosing an ico to avoid scams.

[askmecrypto]

What Are ICOs And Are They Scammy?

You can treat ICO as IPO in crypto space. ICO is the medium for projects to raise the capital they require for building there projects. They ask public to invest in them before the project is out in market and in return they provide coins on a cheaper rate then the expected rate on listing.

Scammy or Not? Depends upon projects, you need to be very careful while investing in ICO, a lot many scam ICOs are out there which just run away after taking your money.

[Yudhisthir]

ICOs are startup teams collecting money from different people to fund their project.
They come up with promises to share any profit their projects makes with the people who invested them.
But most of ICO issuing team are not dedicated enough to work hard with others money and spend it on unnecessary task than developing the real project.

[CopMom]

I still don't know what Google created for. LOL. You can find every information you need about ICO on Google. But if you wanna know if all ICO are scam or not so I can tell you that not all ICO projects are scam . Although number of scam ICO is really high but it's not all. You still can find out so many good ICO projects to invest out there although it's being in downtrend.