Reducing scam

[Lexurdania]

Kind time of the day, with every day in ICO we meet more and more fraud. It is clear that no one forces us to invest in these projects. But the idea of ​​a cryptocurrency does not imply any regulatory department. What do you think that could help in solving this problem? I just see only that the advisors were responsible, or they took a pledge from the projects they are entering.

With many scam ICOs in market, i think regulation from government more needed than before. We know that cryptomarket growing more bigger and this inviting scammer to scam people who not understand about cryptocurrency. If government regulate ICOs, i am believe investor more confident about crypto and scammer will more afraid

[otunayode]

I think moving forward, project should show some integrity and employ and deploy best practises. There are many options and tools that could help tackle the menace if scam. The projects themselves could self- regulate, we could use cryptocurrency consensus to regulate project using master node business model to achieve sanity in ICO sphere!

[gowobonyok]

There must be regulations to overcome this, namely by creating a supervisory team whose duty is to oversee the ico team from the beginning of the period to the end of the token launch period to the market exchange. so investors and bounty hunters can feel more comfortable investing and working because they get a guarantee.

[kipoel]

Kind time of the day, with every day in ICO we meet more and more fraud. It is clear that no one forces us to invest in these projects. But the idea of ​​a cryptocurrency does not imply any regulatory department. What do you think that could help in solving this problem? I just see only that the advisors were responsible, or they took a pledge from the projects they are entering.

What i believe is, if there is really a regulatory department available it should be able to control the possibilities of any scam ICO, with all those regulation should makes everyone think twice before they created any scam ICO, since they will need to do some kind of registration and verification about the project they created.

[Goldleader]

Research  and a lot of research . Avoid those Twitter giveaway where's those so called free eth and btc are nothing more than scam .watch out for scammer impersonating moderater or CS at telegram!

[debby070]

Kind time of the day, with every day in ICO we meet more and more fraud. It is clear that no one forces us to invest in these projects. But the idea of ​​a cryptocurrency does not imply any regulatory department. What do you think that could help in solving this problem? I just see only that the advisors were responsible, or they took a pledge from the projects they are entering.

It would be a good thing to have something on the internet that will filter out ICO's. It is not enough to believe on ICO ratings nowadays, even good rated ICO's can be found out to be misbehaving. Maybe if there would be some regulation first that will limit ICO's, it will give us more opportunity to invest.

[Mysteryla]

Nothing is yet to be done to regulate icos and prevent scam. The only way i feel these ICOs or any project in the crypto space can be regulated, is if the countries in which they are domicile, decide to bring up one form of regulation or the other.

[dataispower]

Kind time of the day, with every day in ICO we meet more and more fraud. It is clear that no one forces us to invest in these projects. But the idea of ​​a cryptocurrency does not imply any regulatory department. What do you think that could help in solving this problem? I just see only that the advisors were responsible, or they took a pledge from the projects they are entering.

Yes, I think there should be a management department, directly review and check ICOs to remove 100% of bad and deceptive ICOs.

[tomboi]

This is indeed very regrettable because real changes to eliminate fraud are still minimal. We must continue our efforts to eradicate fraud which is very detrimental to everyone. Real rules must be made immediately so that they can limit those who have bad intentions.

[jonas5222000]

Unfortunately, nothing can be done about it yet. We should rely on our knowledge and choose projects more carefully. Perhaps the situation will change when countries will adopt laws on ICO, but currently have to try yourself.

Yes,you need tp be smart as always and prepare your perception about what happening in crypto,you can prevent scam project just take a research and choose wisely because we cannot force to stop scam project.

[mrdeposit]

Kind time of the day, with every day in ICO we meet more and more fraud. It is clear that no one forces us to invest in these projects. But the idea of ​​a cryptocurrency does not imply any regulatory department. What do you think that could help in solving this problem? I just see only that the advisors were responsible, or they took a pledge from the projects they are entering.

Yes, I think there should be a management department, directly review and check ICOs to remove 100% of bad and deceptive ICOs.

The regulations will not provide convenience as you think. You should also investigate STOs and IEOs. They are appropriate for what you are looking for.

[anggracoin]

Kind time of the day, with every day in ICO we meet more and more fraud. It is clear that no one forces us to invest in these projects. But the idea of ​​a cryptocurrency does not imply any regulatory department. What do you think that could help in solving this problem? I just see only that the advisors were responsible, or they took a pledge from the projects they are entering.

Yes, I think there should be a management department, directly review and check ICOs to remove 100% of bad and deceptive ICOs.

The regulations will not provide convenience as you think. You should also investigate STOs and IEOs. They are appropriate for what you are looking for.

STO and IEO are steps to minimize fraud, it's like better than ICO. However, everything does not guarantee a 100% safe investment, the risk will always be behind it so that research is still needed before making a decision.

[cahbagus555]

Kind time of the day, with every day in ICO we meet more and more fraud. It is clear that no one forces us to invest in these projects. But the idea of ​​a cryptocurrency does not imply any regulatory department. What do you think that could help in solving this problem? I just see only that the advisors were responsible, or they took a pledge from the projects they are entering.

Yes, I think there should be a management department, directly review and check ICOs to remove 100% of bad and deceptive ICOs.

The regulations will not provide convenience as you think. You should also investigate STOs and IEOs. They are appropriate for what you are looking for.

IEO right now becoming trend and many investor attracted. ICO have bad reputation last year because many scam ICOs and many investor scammed. I think IEO could be an alternative.
But ICO could rise again if government issuing regulation because i am believe with regulation, scam ICOs can reduced

[NightMar_1St]

I have read that regulations and laws are being worked out for icos and crypto in most of the countries especially Australia and Europe is actively working on the regulatory framework, after they implement their regulatory framework for crypto i think many more countries will follow.

Hope what you say will come true soon. thus will help ico develop better. If there is a legal framework, please let us know

[akungagal]

This is indeed very regrettable because real changes to eliminate fraud are still minimal. We must continue our efforts to eradicate fraud which is very detrimental to everyone. Real rules must be made immediately so that they can limit those who have bad intentions.

it seems like it won't work. even if regulations are made, the project scam will still be there. they will still look for ways to raise money with them by tricking many people.

we just need to be smarter than them and be more careful so that we are not caught up in the project scam. i think that's all we can do.

[steveabrahams]

Kind time of the day, with every day in ICO we meet more and more fraud. It is clear that no one forces us to invest in these projects. But the idea of ​​a cryptocurrency does not imply any regulatory department. What do you think that could help in solving this problem? I just see only that the advisors were responsible, or they took a pledge from the projects they are entering.

The only way is only from yourself. I mean, always check the project, the team behind the project, the whitepaper and anything else about the project and the ICO before you investing your money into a project. Remember, it's your money, so it's better to not blindly invest and trusting random people.

[freedomgo]

Kind time of the day, with every day in ICO we meet more and more fraud. It is clear that no one forces us to invest in these projects. But the idea of ​​a cryptocurrency does not imply any regulatory department. What do you think that could help in solving this problem? I just see only that the advisors were responsible, or they took a pledge from the projects they are entering.

The only way is only from yourself. I mean, always check the project, the team behind the project, the whitepaper and anything else about the project and the ICO before you investing your money into a project. Remember, it's your money, so it's better to not blindly invest and trusting random people.

Doing it is not hard, it's a basic things you need to know before investors or entrusting your money to them.
However, it cannot be concluded that they will not scam us, there are ways to prevent scams and it should be with government intervention.
They need to regulate the market as it's really needed now, we can still revive it and investor's confidence will grow.

[Shatterlean22]

This is why I believe that luck is needed in crypto investment to succeed ,no matter how knowledgeable you are at choosing projects you will often choose the wrong ones because they will look right in your eye,I personally believe that IEO will fix the problems that ICO is facing

[Kencha77]

I think regulation from the government is not really a good thing to do. It would already be compromising the essence of the decentralization. I think a probably good way to reduce this kind of scheme on the crypto community is a pledge that the developers of the coin would be liable for the scam that may happen. I think this won't happen but I think this should be since they are the one creating it.

[Mr.Spreadthehamster]

Fraud cannot be completely eradicated to a greater extent due to the human factor of inattention when working on the Internet. Over time, the problem of fraud in the ICO will be resolved through legal mechanisms. In the meantime, unfortunately, we have to take risks, since the fraudster is very inventive.