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Author Topic: what problems exist in ICO  (Read 313 times)
cryptosmith03
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September 07, 2018, 05:57:45 PM
 #21

ICO is one of the  platform to invest with crypto and many newbie come here to invest and some of them are cheated by scammer. Is there any way to avoid scammers and scam projects?
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September 07, 2018, 08:10:37 PM
 #22

Perhaps in the future, projects in the ICO segment will be transferred to management companies. And the situation in that market will radically change, for the better!

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September 07, 2018, 08:16:40 PM
 #23

The continuous rise of Bitcoin prices has led to the birth of hundreds of ICOS within just the first few months of the year. The SEC has warned of scams because of the increasing number of ICOS. Too many ICOS scams will do the investors' demand for coding in general decline.

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September 07, 2018, 08:20:52 PM
 #24

Few problems of ico ranges from
Kyc
Failed promises
Scam icos
Non delivery of tokens
Embezzlement of funds And more

Just focus on your research work
That’s the best I can tell

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September 07, 2018, 08:23:24 PM
 #25

ICO like losing investors, perhaps because too much c now. Why are there are no rules to limit everybody makes project ico. It could be bad because of rampant fraud in the guise of project ico.

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September 08, 2018, 05:23:00 AM
 #26

Yes, there are many problems that still exist with Icos. Most of them are scam. Funds being stolen is one of the big issue with Icos. Beside this there are many problems exist that makes investment in ico dangerous.
Tobt
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September 08, 2018, 05:30:24 AM
 #27

Nice article that you write here about Ico. Study say about 80% of ico are scams. Only 7-8% of Icos progress to trade on market but about 6% of icos were failed to raise money as required.
RottenSteel
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September 08, 2018, 05:37:14 AM
 #28

You are right. There are so many problems now in ICO projects.  Most of them are failed to show the product finally. All they do just fake promises and make the investors losing their money. 
Tallay
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September 08, 2018, 05:50:04 AM
 #29

Well it’s a good post. I like that you have cleared your statements properly and I am completely agree with you. Most of the ICOs are just making promise but cannot show the final product and thus people losing faith.   
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September 08, 2018, 05:59:58 AM
 #30

You almost mentioned all the problem exist in ICO mate and these are all true and these are all the main reasons why people are afraid to invest.But sad to say that there are many newbies that are not familiarize with ico  and yet they still invest with it and they end up losing their money.

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September 08, 2018, 06:17:19 AM
 #31

One of the problems, in my opinion, is that there are too many fraudulent icos in this market. Although, the tendency of reducing the concentration of them in the market already exists - people are getting smarter, and for scammers is not so easy now to deceive people as before. it becomes simply not profitable to conduct such "projects".
Another problem is the high volatility of the Crypto-currency; this problem will gradually disappear with the growth of the market, I think.

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Kryten12
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September 08, 2018, 06:20:16 AM
 #32

I think the main problems with ICO at the moment are projects being run by inexperienced business people and that have not done proper cost analysis of bringing their project to completion. Is there really room for any more chains that want to do crypto different or is it time to look at only project with real world application?

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Wale777
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September 08, 2018, 06:44:48 AM
 #33

There are different problems that exist in ICO, some are identified to the team while the others are associated with the ICO community,,  the ICO supposed to be focused not only on raising fund with big community but to be committed to invention and production of a working product as what Blockchain technology is to find solution  to existing problems of man, some ICOs are not committed to full development of the whitepaper according to their roadmap which is to the detriment of the investors and every other person that support the ICO

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September 08, 2018, 06:50:28 AM
 #34

The biggest problems of ICO investors were lot of scam ICOs so they are afraid to invest on the new projects which affects the total market but the issue comes with the investors who don't have enough knowledge about the crypto currencies but still trying to invest on the crypto currencies and ICOs so scammers use them as easy victims and steal all their money so they need to update themselves to differentiate legit and scam.

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September 08, 2018, 06:51:26 AM
 #35

ICO's collect moneys in ETH, i think is not right price of ETH very volatile.
Need to collect in some stable coins

SnodGrass74
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September 08, 2018, 10:07:09 AM
 #36

This is really nice issue and this post has addressed important issues that will help to develop the ICO of any project as well as the market of crypto currency. The concern and suggestions by the AIO community is really commendable and it needs to be implemented soon.
louie69
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September 08, 2018, 10:26:37 AM
 #37

This has been a good issue that was brought to this forum regarding AIO community. I believe that there are still good ICO's that are legit and true to it's promises however, there are ICO's that had scammed many people to invest and just leave out of thin air. Most of these scam ICO's don't even bother to pay the bounty hunter's from their participation in the signature bounty campaign. I would suggest that prior to giving the ICO to join in this forum is that ICO should undergo strict screening in fairness to the ICO investors and bounty hunters.

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BCHachiman
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September 08, 2018, 10:55:43 AM
 #38

Well that is true i invested to Helbiz a mobility provider platform they deceive many investor by dumping their coin , adding additional tokens to total supply , token burn wallet tokens are sold in idex instead of burning and told that someone hack the account no development transparency with their investor ! Thats why i switch with Trustedcars a well known company in Germany for automotive mobility provider . They are running their tokensale to mass adopt blockchain technology that will benefited both dealers and user by having cheaper cost , fast transaction and transparency . So i can say that they can deliver their decentralized platform because their car dealership platform is already implemented
elemosho.crypto
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September 08, 2018, 12:05:03 PM
 #39

It’s really a great post, very informative and you explained it very well. You are right. Nowadays ICOs are really getting out of hand and people are facing many problems. The things you have mentioned for solution is really good.
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September 08, 2018, 02:23:27 PM
 #40

In principle, everything is true, the biggest trouble is precisely that many investors do not see the final product!

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