What Are ICOs And Are They Scammy?

[ChainFish]

ICO stands for Initial Coin Offering. When a new company wants to start a new project and they need funding ther start a ICO to offer people their token with discounts; profits and bonuses. Most of the ICOs are scam but there are lots of potential ICOs too.

[ivlvov]

What Are ICOs And Are They Scammy?

ICO is a collection of funds for the release of some kind of cryptocurrency. You give them BTC or ETH, but instead get tokens. These tokens when releasing a coin on the market should cost several times more, it is good to be able to receive a multiple profit. But today, indeed, most of these projects are scam, and some simply can not collect the right amount of money, so they do not enter the market.

[CheeryPenguin]

You can’t generalize by saying ICOs are scammy. But it’s true that most of them are. You need to be careful before investing.

[Rules85]

Suffice to say that most ICO projects are hype.
While some ICO projects are truly valuable, you need to decide for yourself which are worth investing in.

[sergiokkl]

ICO is a way to raise a fund to develop the project and it's also great opportunity for scammers to do the same, make a fake white paper and any details just to get investors.. but not all ICO are scam. There must be some with real usefull idea to improve one compamy

[WaterSeal]

ICO or initial coin offering is the private and public sale of coin when it is first launched. If analyze for a while you’ll find out that most of them are scam.

[HistoryVampire]

ICO stands for Initial Coin Offering. From my experience most of them are scam but not all of them. You can identify good ICOs by analyzing.

[Inuldarahrendah]

ico is one of the profitable investment. Besides being profitable for investors, ICO is also beneficial for bounty hunters because they will get the paid from ico. not all ico are scams, there are still many legit ico that can be followed. it all depends on how we can choose the ico well.

[Eurobot]

Initial Coin offering (ICO) is an approach which is actually a type of crowd funding that use crypto currency; is a way of raising capital. Recently there are many ICO projects and many of them are scam but not every ICO.

[BigCookie]

ICO stands for Initial Coin Offering which means someone is offering investors some units of a new cryptocurrency or crypto-token in exchange against cryptocurrencies like Bitcoin. Not every ICO is scam; but it’s true many of them are.

[InnocentDemon]

ICO which means Initial Coin Offering is an unregulated means by which funds are raised for a new cryptocurrency venture. It’s really not a good news but it is true that recently almost 80% ICO projects are scam.

[Stumbleupon]

ICOs main work is offer the coin and as far as i know most of the ICO is Scammy so before invest on ICO you need to research about this.

[MegaDots]

Well there are few ICO’s who are legitimate but the amount of fraud ICO’s are so many that it is quite to differ the legit ones. This situation is really very upsetting for the users of crypto currency.

[Gralph]

The acronym "ICO" means (Initial Coin Offering). In a simple term; they are coin of a particular bounty that is open for sale to investors to buy in other to enable them implement their project and after the they might have reached their market cap and accomplished their project, they will then distribute a percentage of the total revenue raised to the investors. Most significant about the ICO is that the token bought by the investor will be sold whenever their is an increase in the price of the coin above the initial price at which  he bought the coin.

Despite the infinitesimal number of programs that are scam in the bitcoin Forum; ICO's are not scam in its entirety.

[CheeryPenguin]

The ICO’s who scams are usually attract their investors by lots of available promising promotions. Investors fall for their trick and ultimately the ico where they invest in turned out a fraud. So stay cautious where you invest before everything.

[ChainFish]

"ICO is a crowdfunding a new cryptocurrency and an innovative idea that can be implemented
on the blockchain technology.But it's a bad news that 90-95% percent ICOs are scam.
"

[HistoryVampire]

"From research I know that before the coins come to the market; for the precedes or the fund
raises coins were given at very low prices. It is called the ICO.Unfortunately most of the ICOs
are scam.
"

[Eurobot]

"Initial Coin Offer is the short form of ICO.I think few scam/crap ICO usually use unneeded
complex words in technology/concept page to make investor confused and think it's
something awesome while the fact it's nothing special/useful.
"

[dreammoney710]

Most of the ICO : short form of Initial Coin Offerings fail before going to the trading stage because of their poor attention in Secutiry; Utility and Cryptoeconomics

[swissgang]

Most are scammy, ico is initial coin offering, tokens of the project are offered to people at the begining of the project instead of mining.